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At the end of fiscal 2019, what would be the effect on the ending actual fund balance, assuming the following: a. Actual revenues are equal to estimated revenues, and actual expenditures are $7,000 less than appropriations. b. Actual revenues are equal to estimated revenues, and actual expenditures are equal to appropriations. c. Actual revenues exceed estimated revenues by $4,000, and actual expenditures are equal to appropriations. d. Actual revenues are $3,000 less than estimated revenues, and actual expenditures are $2,000 less than appropriations.

Answer :

Answer:

a. 57,000

b. 50,000

c. 54,000

d. 49,000

Explanation:

In order to find the budgetary find balance at the end of the year 2019 we need to and the current budgetary fund balance with actual expenditures to reach out the budgetary balance at the end.

DATA

Estimated revenue = 5,000,000

Appropriations = 4,950,000

Budgetary fund balance = 50,000

A)

Budgetary fund balance    =        $50,000

Actual expenditures           =        $7,000

At the end,

Budgetary Fund Balance  = 50,000 + 7,000

Budgetary Fund Balance = $57,000

B)

Budgetary fund balance    $50,000

Actual expenditures              $0

At the end,

Budgetary Fund Balance  = 50,000 + 0

Budgetary Fund Balance = $50,000

C)

Budgetary fund balance = $50,000

exceed estimated revenues = $4,000

Actual expenditures = $0

At the end,  

Budgetary Fund Balance  = 50,000 + 4,000

Budgetary Fund Balance = $54,000

D)

Budgetary fund balance $50,000

Actual revenues = $3,000

Actual expenditures = $2,000

At the end,

Budgetary Fund Balance  

Budgetary Fund Balance  = 50,000 - 3,000 + 2,000

Budgetary Fund Balance = $49,000

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