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What accounting problems arise if an internal service fund is operating at a loss?
If the internal service fund has positive operating income, expenditures reported in the general fund exceed the true cost of operating the government. If it is negative, the general fund understates the true cost of operating the government and net assets are effectively shifted from the internal service fund to the fund balance of the general fund.
What accounting problem arises if an Internal service fund is operated at a significant loss?
If the internal service fund has positive operating income, expenditures reported in the general fund exceed the true cost of operating the government. If it is negative, the general fund understates the true cost of operating the government and net assets are effectively shifted from the internal service fund to the fund balance of the general fund.
What are Limitations and advantages of operating cost?
The advantages of operating cost are that it provides easy comparability and provides a basis of measuring operating performance. The limitation of the operating cost is that they are very expensive to set up.
Formula for operating income?
Operating income is equal to total revenues minus cost of goods sold, labor, and general expenses. Operating income is called Earnings Before Interest and Taxes. What is not included in expenses to be calculated in operating income is one time expenses, legal settlements, or adjustments.
Cost to income ratio?
operating expenses/operating income
What is operating cost in hotel?
The operating cost of a hotel will vary depending on size and location. The operating cost includes things such as employee salaries, advertising costs, housekeeping supplies, food, decorations, guests supplies, and furniture.
What is the cost of an operating system?
This varies widely from one OS to another. As with many other things it is commonly whatever the market will bear, as in general a computer without an operating system won't do much useful work. However there are opensource OSs (e.g. Linux, OpenVMS) that can be obtained free or at very low cost.
What is Cost of revenue what is operating expenses?
The cost of revenue is the cost to produce a product. Operating expenses are expenses that have to be paid in order to stay in business like rent, utilities, etc.
What is the average operating cost for a private jet?
What might be a rule of thumb for the cost of operating a private jet? Say a Gulfstream G550? Total Variable Cost for the G550: $2,153
When two vessels are operating in the same general are who is responsible sharp lookout?
when two vessels are operating in the same general area who is responsible for maintaining a sharp look out
How much would it cost to upgrade to a new operating system?
That depends on the cost of the new operating system and whether or not you will have to purchase new hardware to support it.
What is the operating cost of the Leaning Tower of Pisa?
the cost is $400 000 000
