(Comparative Computations of Expenditures and Expenses Based on the Same

question 36

Essay

(Comparative computations of expenditures and expenses based on the same underlying transactions)
A department of a local government began operations at the beginning of the current fiscal year with $250,000 cash.During the fiscal year,the department made cash disbursements for the following:
-Salaries and other personnel costs,$100,000
-Office rent and utilities,$24,000
-Retirement of debt principal,$10,000;payment of interest,$2,200
-Purchased equipment at the beginning of the fiscal year for $30,000;the equipment is expected to last 6 years and have a salvage value of $6,000
-Photocopier rental,$10,500
Based on the preceding transactions,compute total annual expenditures for this department assuming it performs governmental-type activities and is accounted for in the General Fund.
Then compute total annual expenses for this department assuming it performs activities within an Enterprise Fund.

Appreciate Peter Drucker’s perspective on effective leadership principles.

Relate the concepts of servant leadership and transformational leadership to ethical and moral leadership practices.

Understand the concepts and differences of reward power, coercive power, legitimate power, referent power, and expert power.

Identify and describe sources and types of power within an organizational framework.

---

Definitions:

Subscription Revenue

Income earned by a company through the sale of subscriptions for services or products, often recognized over the subscription period.

Trade Magazine Subscription

The cost incurred by a business for subscribing to a publication that targets a specific industry or professional field.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was placed in service.

Liability Accounts

Accounts on the balance sheet that represent obligations of the company, including loans, accounts payable, mortgages, and accrued expenses.