An Internal Service Fund Provided Services to a General Fund

question 95

Multiple Choice

An internal service fund provided services to a General Fund department. At the time of billing, the credit entry in the internal service fund would be:

• A) Operating Revenues-Charges for Sales and Services.
• B) Other Financing Sources-Charges for Services.
• C) Due from General Fund.
• D) Other Financing Sources-Transfers In.

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Definitions:

Overbooking Decision

The practice of selling or booking more seats or rooms than are available, under the expectation that some bookings will cancel.

Supply Chain Profits

The total earnings generated across all stages of the product's journey from raw material to the end customer.

Wasted Capacity

The portion of production or storage capacity that goes unused or underutilized, often resulting in increased costs and inefficiencies.

Pricing

The process of determining the cost at which a product or service will be sold to consumers.