A person, place, or thing within a system that transforms data is ...

[SGallaher96]

A person, place, or thing within a system that transforms data is called:
 a. external entity
  b. data store
  c. internal entity
  d. Boundary

Question 2

(Comparative computations of expenditures and expenses based on the same underlying transactions)
  A department of a local government began operations at the beginning of the current fiscal year with 250,000 cash.
 
  During the fiscal year, the department made cash disbursements for the following:
    Salaries and other personnel costs, 100,000
    Office rent and utilities, 24,000
    Retirement of debt principal, 10,000; payment of interest, 2,200
    Purchased equipment at the beginning of the fiscal year for 30,000; the equipment is expected to last 6 years and have a salvage value of 6,000
    Photocopier rental, 10,500
 
  Based on the preceding transactions, compute total annual expenditures for this department assuming it performs governmental-type activities and is accounted for in the General Fund.
 
  Then compute total annual expenses for this department assuming it performs activities within an Enterprise Fund.
 
  What will be an ideal response?

[shaquita]

Answer to Question 1

C

Answer to Question 2

General Fund Enterprise
Expenditures Fund Expenses
Salaries and personnel costs 100,000 100,000
Office rent and utilities 24,000 24,000
Debt service
Principal 10,000 --
Interest 2,200 2,200
Capital outlay 30,000 --
Depreciation expense (30,000 - 6,000) / 6 -- 4,000
Photocopier rental 10,500 10,500
Totals 176,700 140,700