Answer:
The Journal entries are as follows:
(i) General fund
Property taxes receivable current A/c Dr. $1,878,700
To Allowance for uncollectible current taxes $37,574
To Revenue $1,841,126
(To record general fund)
(ii) Governmental activities
Property taxes receivable current A/c Dr. $1,878,700
To Allowance for uncollectible current taxes $37,574
To Revenue $1,841,126
(To record governmental activities)
Workings:
Allowance for uncollectible current taxes:
= Real property taxes × percent of levy uncollectible
= $1,878,700 × 2%
= $37,574
Answer:
13.77 years
Explanation:
The maturity period is the period taken for the Bonds' Market Price equals its Face Value.
Calculation of the maturity period :
PV = - $394.47
PMT = $0
YTM = 6.87 %
P/YR = 2
FV = $1,000
N = ?
Using a financial calculator to input the values as above, the number of periods interest is accrued on the bond (N) is 27.54 thus the number of years will be 13.77 (27.54 ÷ 12) .
Answer:
Only changes in the amounts being produced is the correct answer to this question.
Explanation:
Real GDP is the value of goods and services at base year prices so real GDP changes reflect changes in the amounts produced in the economy.
Effective gross domestic product ( GDP) is an inflation-adjusted indicator representing the cost of the goods and economic resources by a nation in a given year (demonstrated in foundation-year prices) and is often referred to as "current prices," "corrected deflation," or "constant currency" GDP.
Changes in real GDP reflect both changes in prices and changes in the amounts being produced.
Changes in real GDP reflect both changes in prices and changes in the amounts being produced. Real GDP is a measure of the total value of goods and services produced in an economy adjusted for inflation. As prices increase, the value of goods and services produced will also increase, resulting in a higher real GDP. Similarly, when more goods and services are produced, real GDP increases as well.
#SPJ6
Answer: $120,000
Explanation:
Depreciation is to be based on the cost of the asset being depreciated. In this scenario, the cost of the heavy duty drill press will be the Present Value of all the lease payments for the entire 10 years because it is said that the title will pass to Hernandez Inc. afterwards so the lease payments can be considered as payment.
Straight Line Amortisation =
Straight Line Amortisation =
Straight Line Amortisation = $120,000 per year
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Bags of Leaves Raked
Samantha
4
8
Adam
5
25
Samantha and Adam own a gardening business together. They each pull weeds from flower beds and rake up leaves for their neighbors. If each decides to specialize in what they are best at, Samantha will
a.weed and Adam will rake because these are the goods each has a comparative advantage in.
b.rake and Adam will weed because these are the goods each has a comparative advantage in.
c.weed and Adam will rake because these are the goods each has an absolute advantage in.
d.rake and Adam will weed because these are the goods each has an absolute advantage in.
Answer:
The correct option is A, Samantha weed and Adam will rake because these are the goods each has a comparative advantage in.
Explanation:
The opportunity formula comes handy in this case, which is given below:
opportunity cost formula=what one sacrifices/what one gains
If Samantha were to weed flower beds, opportunity cost is computed thus:
Opportunity cost of Samantha weeding flower beds=8/4= 2 bags of leaves raked
The opportunity of Adam weeding flower beds=25/5 =5 bags of leaves raked.
In a nutshell ,if Samantha weeds flowers they would lose 2 bags of leaves raked while if Adam were to do so same, they would lose 5 bags of leaves raked, conclusively Samantha should weed flower beds since she has lower opportunity, higher comparative advantage
travel distances
insurance claims
a company's competitors
fraud
A-D
-financial records
-a company’s competitors
Answer:
Financial Records
A Company’s Competitors
Explanation:
I got it right on edge 2020 hope this helps!