Campbell County uses the consumption method to record all inventories and prepayments. The County has a 9/30 fiscal year-end. On April 1, 2018, the County purchased a two-year insurance policy at a total cost of $400,000, paying for the policy out of the General Fund. In the fund financial statements, the amount of insurance expenditures for the fiscal year ended 9/30/18 would be

the amount is $100,000

Explanation:

The computation of the amount of the insurance expenditure for the fiscal year is shown below:

= Total cost of two year insurance policy × given percentage

= $400,000 × 6 ÷ 24

= $100,000

The six months are calculated from April 1 to Sep 30

The same is to be considered

hence, the amount is $100,000

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order: