The following information for the year ended june 30 pertains to a proprietary fund established by burwood village in connection with burwood’s public parking facilities:

receipts from users of parking facilities: $400,000
cash outlays:
parking meters: 210,000
salaries and utilities expenses: 90,000
depreciation of parking meters: 70,000

for the year ended june 30, the proprietary funds statement of revenues, expenses, and changes in fund net position should report operating income for the parking facilities of

a. $240,000
b. $0
c. $30,000
d. $100,000

The legal form of business ownership that is owned by many people is called a

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today

When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations