At the beginning of the year 2019, a town recorded General Fund property tax receivables of $600,000. By year-end (December 31), taxpayers had paid a total $575,000. Based on previous experience, the town expected to collect the $25,000 of delinquent taxes as follows: $15,000 in January and February of 2020 and $10,000 between March and August of 2020. How much should the town report as property tax revenue in its General Fund statements for the year 2019?

Answers

Answer 1

Answer:

omg

Explanation:


Related Questions

In this discussion question you have the opportunity to be creative and to relate what you have learned to your professional lives. Please explore and critically think about some of the learning outcomes and concepts presented in this course. Please effectively communicate how you would lead an organization (or a group of people within the organization) by applying the knowledge you have learned ethically and responsibly. Your discussion should also include innovative thinking, and information-technology aspects (such as the Internet, social-media, computers, etc.) that may assist you in decision-making. You may frame your discussion around any functional component of business, and in any context; problem-solving, management, leadership, organizational behavior, etc.

Answers

Answer:

Creating a friendly culture will motivate the employees to attend work everyday, setting goals and targets with their input which makes the targets and goals look achievable, this will also motivate the employees and result in better performance. Sense of responsibility is also important if they are given a task they should be liable for it and they should be accountable for the work done by themselves this initiative will minimize mistakes and encourage perfection.

Explanation:

Creating a friendly culture will motivate the employees to attend work everyday, setting goals and targets with their input which makes the targets and goals look achievable, this will also motivate the employees and result in better performance. Sense of responsibility is also important if they are given a task they should be liable for it and they should be accountable for the work done by themselves this initiative will minimize mistakes and encourage perfection.

You are the manager of a bank. You need to decide whether to approve a 10-year loan application from a 25 year old student to finance her MBA. The loan will yield a loss of $250 per year to the bank for the duration of the loan. After 10 years, the student will likely buy other products and therefore she will yield a profit of $500 per year until she is 65. After age 65, she will yield a profit of $1,000 per year until she is 85, when she will stop being a customer. The likelihood that she stops being a customer after she repays her MBA loan is 2% each year. The discount rate that the bank uses is 7% per year.
Would you approve the loan? Please explain with numerical support.

Answers

Answer and Explanation:

The computation is shown below:

Present value of loss  because of giving the loan to her is

= PVAF (7%, 10 years) × $250

= 7.02358 × $250

= $1,755.9

Now

The Present value of gain after repayment of the loan is

Till age of 65

($500, age 35 years to 65 years i.e. 30 years) is

=  [PVAF (7%, 40 years) - PVAF (7%, 10 years)] × 0.98 (probability of failure) × $500

= (13.3317 - 7.02358) × 0.98 × $500

= $3,090.98 (A)

Till age of 85

($1000, age 65 years to 85 years i.e. 20 years)

=  [PVAF (7%, 60 years) - PVAF (7%, 40 years)] × 0.98 (probability of failure) × $1,000

= (14.03918 - 13.3317) × 0.98 × $1,000

= $693.33 (B)

Now

Expected inflow from the student post repayment of the loan is

= (A) + (B)

= $3,784.31

Now expected net gain is

= $3,784.31 - $1,755.9

= $2,028.41

Here we exclude the period from 25 to 35 years and at later from 25 years to 65 years

What are the effects of rapid inflation? Check all that apply.

Interest rates increase.
Banks loan more money.
Unemployment declines.
Uncertainty increases.
Real income declines.

Answers

Answer:

1, 4 , 5 on edge

Explanation:

Answer: A D & E

Explanation:

Last year, Aleshia identified $4,400 as a nonbusiness bad debt. In that tax year before considering the tax implications of the nonbusiness bad debt, Aleshia had $8,800 of taxable income, of which $3,080 consisted of short-term capital gains. This year, Aleshia collected $3,696 of the amount she had previously identified as a bad debt. Determine Aleshia's tax treatment of the $3,696 received in the current tax year.

Answers

Answer:

The amount of $3,696 would be involved in her gross wage

Explanation:

The computation of the tax treatment is as follows

Since in the question it is mentioned that the amount of $3,696 amount was collected that identified as a bad debt so the amount of $3,696 would be involved in her gross wage

Therefore the same is to be considered

And, the rest of the information i.e. given are to be ignored

A company estimates that overhead costs for the next year will be $8,500,000 for indirect labor and $164,500 for factory utilities. The company uses machine hours as its overhead allocation base. If 490,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.)

Answers

Answer:

$17.68 per machine hour.

Explanation:

Plant Overhead rate per machine hour = $8,500,000 + $164,500 / 490,000 machine hours

Plant Overhead rate per machine hour = $8,664,500 / 490,000 machine hours

Plant Overhead rate per machine hour = $17.68265306122449

Plant Overhead rate per machine hour = $17.68 per machine hour.

You are buying some television time and the station tells you they reach 87,000 people. They quote you $3 CPM (cost per thousand reached). How much will you have to pay for the time?
A) $261
B) $1,000
C) $3,000
D) $87

Answers

Answer:

A) $261

Explanation:

Costs per thousand, as the name suggests, is the cost for every 1000 viewers.

The determine the actual cost; the first step is to divide the total audience by 1000

=87,000/1000

=87

There are 87 sets of 1000 viewers. Each set is charged as $3. The total costs will be

=87 x $3

=$261

Supercircuits is a decentralized company and has a required opportunity cost of capital of 15%. The home computer division, whose current ROI IS 10%, is considering an investment which will earn 13% return. The gaming division, whose current ROI is 20%. Is considering an investment which will earn a 17% return. If the objective is to maximize residual income, each division will make the following choice:______. Computer Gaming A. Reject Accept B. Accept Reject C. Accept Accept D. Rejec Reject

Answers

Answer:

B. Accept Reject

Explanation:

As we can see that the home computer has the earning of 10% and its return on investment is increased to 13% so it is a better choice for division of home computer to accept the investment and the other division i.e. gaming division should reject the proposal as it is already earned the 20% and if it is accepted so it decreased the return on investment

Therefore the option B is correct

In the management assistance area, the Small Business Administration (SBA) provides all of the following EXCEPT: Group of answer choices free college credit courses in management toll-free advice numbers training and educational programs counseling by business development officers free publications on business topics

Answers

Answer: Free college credit courses in management

Explanation:

The Small Business Administration (SBA) is a Federal government agency that aims to help small businesses and entrepreneurs by providing them with resources to make them grow.

They have toll-free phone numbers that entrepreneurs and small businesses can call for advice, they have trading training programs and business development offices who offer advice and counsel on business techniques and they even free publications on business topics.

They do not however offer free college credit courses in management.

Consider a Bertrand duopoly. Market demand is P(Q)=41-3Q, and each firm faces a marginal cost of $6 per unit. What is the sum of both firms' revenue in the Nash equilibrium? Enter a number only, no $ sign.

Answers

Answer:

$70.14

Explanation:

The Bertrand duopoly condition  (Nash equilibrium condition) be: P =MC

Here, P = 41 - 3Q

P = MC

41 - 3Q = 6

3Q = 41-6

3Q = 35

Q = 35 / 3

Q = 11.6667

Q = 11.67

Total demand (Q) = Q1 + Q2 (Q1 = Firm 1 Output, Q2 = Firm 2 Output)

Q = Q1 + Q2

11.67 = Q1 + Q2

So price be: P = MC ==> P = 6

Sum of both firm revenue = (Price)*Total quantity)

= $6 * (Q)

= $6 * (Q1 + Q2)

= $6 * (11.69)

= $70.14

So therefore, the sum of both firms' revenue in the Nash equilibrium is 70.14

Why is the job market for administrative professionals growing ?
What effects do you think the constant haitian political crisis had on this field ?

Answers

The field is anticipated to grow because administrative professionals work in areas of the economy that are expanding and generating new jobs—such as education, social service, legal service, health care, and finance.

erlin Corporation owns a patent that has a carrying amount of $400,000. Merlin expects future net cash flows from this patent to total $250,000. The fair value of the patent is $310,000. Prepare journal entry, if necessary, to record the loss on Impairment

Answers

Answer:

An impairment has occurred because expected net future cash flow (250,000) are less than the carrying amount ($400,000). The loss is measured as the difference between the carrying amount and fair value ($310,000).

Date  Description and Explanation            Debit     Credit

          Loss on impairment                         $90,000

                  Patents ($400,000 - $310,000)             $90,000

           (To record the loss on Impairment)

The motion study chart that describes the movements of both hands at the same time is a: Multiple Choice simo chart. gang process chart. worker-machine chart. time/efficiency chart. flow process chart.

Answers

Answer:

simo chart.

Explanation:

The simo chart represent the simultaneous motion chart in this it focused on the movement of the both the hand at the same time

So as per the given situation, the option a is correct as it correctly fits to the given statement

And the rest of the options are incorrect

Therefore the first option is correct

Flavor Enterprises has been approached about providing a new service to its clients. The company will bill clients $180 per hour; the related hourly variable and fixed operating costs will be $85 and $14, respectively. If all employees are currently working at full capacity on other client matters, the per-hour opportunity cost of being unable to provide this new service is:

Answers

Answer:

Flavor Enterprises

The per-hour opportunity cost of being unable to provide this new service is:

$81.

Explanation:

a) Data and Calculations:

Amount billable to clients per hour = $180

Variable operating cost per hour = $85

Fixed operating cost per hour =        14

Total operating cost per hour =      $99

Opportunity cost = $180 - $99 = $81

b) The opportunity cost for Flavor Enterprises being unable to provide this new service is the net benefit that the enterprise will loss.  While it costs the enterprise a total of $99 in operating cost per hour, the enterprise will receive $180 per hour in revenue.  Therefore, the net benefit lost if the service is not provided per hour is the difference between the $180 revenue and the $99 operating costs, which equals $81.

what is double book keeping entry in accounting?

Answers

Answer:

Explanation:

Double-entry bookkeeping is an accounting system where every transaction is recorded in two accounts: a debit to one account and a credit to another.

Suppose a company spends $200,000 in the current year to research and develop a navigation device for hikers. By the end of the year, the company estimates that the new navigation device has a 70% chance of generating $500,000 in revenues from sales to customers over the next four years. For what amount would the company report research and development expense in the current year

Answers

Answer: $200,000

Explanation:

The company spent $200,000 on the research that led to the development of the navigation device and according to Accounting guidelines, Research and Development costs are to be expensed in the period that they occurred.

The entire $200,000 that was spent should therefore be expensed as Research and Development.

On December 31, there were 28 units in ending inventory. These 28 units consisted of 2 from the January 10 purchase, 3 from the March 15 purchase, 4 from the April 25 purchase, 11 from the July 30 purchase, and 8 from the October 10 purchase. g

Answers

Answer:

The cost of ending inventory is $12,360

Explanation:

In the specific Identity method, the items are values by identifying each unit and its relevant cost.

As per the given data

28 units of Ending inventory comprised of

2 from the January 10 purchase

3 from the March 15 purchase

4 from the April 25 purchase

11 from the July 30 purchase, and

8 from the October 10 purchase

The ending Inventory will be valued as follow

Ending Inventory = ( 2 units x $360 ) + ( 3 units x $390 ) + ( 4 units x $420 ) + ( 11 units x $450 ) + ( 8 units x $480 ) = $720 + $1,170 + $1,680 + $4,950 + $3,840 = $12,360  

You are deciding between two recurring projects. Project A requires $100,000 initial investment and runs for 5 years. Project B requires an initial investment of $80,000 and will run for 3 years. However, due to the limited managerial attention, you will need to choose one out of these two projects. Please choose the appropriate methodology to compare these two projects. A. Net Present Value B. Profitability Index C. Equivalent Annual Annuity D. Return on Investments E. Discounted Payback Period

Answers

Answer:

C

Explanation:

Equivalent Annual Annuity is used to compare projects with unequal lifespans

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

Discounted payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative discounted cash flows

profitability index = 1 + (NPV / Initial investment)

If consumers view the output of any firm in a market to be identical to the output of any other firm in the market, the demand curve for the output of any given firm A. will be identical to the market demand curve. B. will be horizontal. C. will be vertical. D. cannot be determined from the information given.

Answers

Answer:

B. will be horizontal.

Explanation:

In the case when the firm is in the perfect competition market so here the demand curve would be horizontal as because of the same product and also the transaction cost is lesser that means if someone rise the prices so the producer would lost all its revenue

Therefore as per the given situation, the option b is correct

Stock P has a beta of 0.9. The risk-free rate of return is 8 percent, while the return on the market portfolio of assets is 14 percent. The stock's risk premium is ________.

Answers

Answer:

The appropriate solution is "13.4%". A further explanation is described below.

Explanation:

The given values are:

Return rate,

Rf = 8%

Market return,

Rm = 14%

beta,

= 0.9

Now,

The assets required rate will be:

= [tex]Rf + (Rm-Rf)\times beta[/tex]

On putting the given values, we get

= [tex]8 + (14-8)\times 0.9[/tex]

= [tex]8+6\times 0.9[/tex]

= [tex]8+5.4[/tex]

= [tex]13.4[/tex] (%)

Based on the information given the stock's risk premium is 6%.

Using this formula

Stock's risk premium = Return on the market - Risk free rate

Where:

Return on the market=14%

Risk free rate=8%

Let plug in the formula

Stock's risk premium = 14% - 8%

Stock's risk premium = 6%

Inconclusion the stock's risk premium is 6%.

Learn more here:https://brainly.com/question/9345246

Suppose that the country of Libraria made a concerted effort to increase the educational level of its people. If this effort had no effect on the wages of its workers, one might consider this as evidence in support of a. the human-capital view of education. b. the signaling view of education. c. both the human-capital and the signaling view of education. d. neither the human-capital nor the signaling view of education.

Answers

Answer:

If this effort had no effect on the wages of its workers, one might consider this as evidence in support of:

d. neither the human-capital nor the signaling view of education.

Explanation:

The human capital view of education argues that education increases workers' productivity, which also affects some increase in workers' wages.  The signaling view states that education passes a message about workers' various innate abilities to potential employers. This implies that the focus of the signaling view or theory is not the effect of education on the students but the message communicated in the labor market.

The amount of the estimated average annual income for a proposed investment of $90,000 in a fixed asset, giving effect to depreciation (straight-line method), with a useful life of 4 years, no residual value, and an expected total income yield of $25,300, is

Answers

Answer: $6,325

Explanation:

Estimated average annual income = Total expected income/ Useful life of investment

= 25,300/ 4 years

= $6,325

Those advisers who immediately surround the president and advise the Chief Executive on how to act and what to say are referred to as the:______

a. Managerial Unit
b. Executive Core
c. Oval Office Team
d. White House Staff

Answers

Answer: d. White House Staff

Explanation:

The White House staff comprises of some of the closest advisors to the President including the Chief of Staff, the deputy chiefs of staff and the Counselor to the President.

These people are integral to the administration of the President because by working in the White House, they are immediately around the Chief Executive and have the opportunity to advice the President on the varied issues which they specialize in.

The advisors are termed as the person who provides suggestions for the right and wrong of the person. The chief executive is termed as the person who implies the plans to the development of the economy and brings the result from the plans.

The correct answer is d. White House Staff

The White House staff is comprised of the closest advisors to the President and also includes the Chief of Staff, the deputy chiefs of staff, and the Counselor to the President.

These people are important to the President's administration because, by working at the Governor's Mansion, individuals get instantly exposed towards the President and have the chance to advise him on the many areas in which they concentrate.

To know more about the advisors and the chief executive, refer to the above link:

https://brainly.com/question/3252403

Sony introduces a new compact music player to compete with Apple's iPod that carries a two-year warranty against manufacturer's defects. Based on industry experience with similar product introductions, warranty costs are expected to be approximately 3% of sales. By the end of the first year of selling the product, total sales are $29.4 million, and actual warranty expenditures are $140,000. What amount (if any) should Sony report as a liability at the end of the year

Answers

Answer:

the  warranty liability is $742,000.

Explanation:

The computation of the warranty liability is as follows;

= Expected warranty liability - actual warranty expenditure

= ($29.4 million × 3%) - $140,000

= $882,000 - $140,000

= $742,000

Hence, the  warranty liability is $742,000.

It could be come by applying the above formula so that the accurate amount could arrive

According to Modigliani and Miller capital structure theory: Group of answer choices the cost of equity capital increases as a firm take on more debt financing. the value of a levered firm decreases relative to the value of an unlevered firm as corporate tax rates increase. the value of the firm is independent of capital structure in a world with perfect capital markets and corporate taxes. firms should employ as close to 100% debt financing as possible in a world with perfect capital markets and corporate taxes only. firms should employ 100% equity financing in a world with perfect capital markets and no taxes

Answers

Answer:

the value of the firm is independent of capital structure in a world with perfect capital markets and corporate taxes.

Explanation:

The Modigliani-Miller theorem refers to a theory where the capital structure does not have any impact on it. It is totally independent

So as per the given options, third option is correct as the capital structure i.e. combination of the equity and the debt should have no impact under this theory

Therefore the third option is correct

The common stock of the P.U.T.T. Corporation has been trading in a narrow price range for the past month, and you are convinced it is going to break far out of that range in the next three months. You do not know whether it will go up or down, however. The current price of the stock is $100 per share, the price of a three-month call option with an exercise price of $100 is $10, and a put with the same expiration date and exercise price costs $7.What would be a simple options strategy to exploit your conviction about the stock price?

Answers

Answer:

hollmvlnnj hooo jwaauq

Becoming future proof means ensuring that you _________.
a.
Dress in classic business attire, resistant to style trends
b.
Will stay employed during any chaotic changes in your industry
c.
Are proficient in at least two programming languages
d.
Wait for the newest technology trends to become popular before learning them

Answers

Answer:

b.  Will stay employed during any chaotic changes in your industry

Explanation:

question:

Becoming future proof means ensuring that you _________.

a.

Dress in classic business attire, resistant to style trends

b.

Will stay employed during any chaotic changes in your industry

c.

Are proficient in at least two programming languages

d.

Wait for the newest technology trends to become popular before learning them

Answer:

i believe the answer your looking for is

b.

Will stay employed during any chaotic changes in your industry

Explanation:

the reason i think this is the answer is becuase i took an edgucated guess on the unit test review on edge 2020 and this was the same question and i picked b and i was correct

Rick O'Shea, the only employee of Hunter Furniture Company, makes $32,400 per year and is paid once a month. For the month of January, his federal income taxes withheld are $189, state income taxes withheld are $27, social security is 6.2% on a maximum wages of $122,700, Medicare tax is 1.45%, State Unemployment Tax is 5.4%, and Federal Unemployment tax is 0.6%, both on a maximum wages of $7,000 per employee. What is the employer's payroll tax expense associated with Rick's paycheck

Answers

Answer: $‭368.55‬

Explanation:

Employer payroll tax is;

= Social security + Medicare +  State Unemployment Tax + Federal Unemployment tax

Monthly salary = 32,400/12 = $2,700

= (6.2% * 2,700) + (1.45% * 2,700) + ( 5.4% * 2,700) + ( 0.6% * 2,700)

= $‭368.55‬

The specific identification method of costing inventories is used when the company sells large quantities of relatively low-cost homogeneous items. physical flow of units cannot be determined. company sells a limited quantity of high-unit cost items. company sells large quantities of relatively low-cost heterogeneous items.

Answers

Answer:

company sells a limited quantity of high-unit cost items.

Explanation:

A specific identification method can be defined as a method used for determining the ending inventories cost.

Basically, this type of method for costing inventories typically involves doing a well-detailed physical count of each goods bought on a specific date or a particular period of time, so as to determine the exact number of goods remaining by the end of the year's inventory. Therefore, each of the goods purchased are tagged with their unit price and any other additional charges.

Hence, the specific identification method of costing inventories is used when the company sells a limited quantity of high-unit cost items.

Coronado Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $708,769. The purchase agreement specifies an immediate down payment of $172,000 and semiannual payments of $66,179 beginning at the end of 6 months for 5 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction

Answers

Answer: 8%

Explanation:

Fair value = $708,769

Down payment will be made so only the amount net of the down payment will be paid periodically.

= 708,769 - 172,000

= $‭536,769‬

Present value of Annuity interest factor for payment = 536,769/66,179

= 8.11087

No. of periods = 2 * 5years = 10 semi annums

Look at the Present value of interest factor of Annuity (PVIFA) table and find the interest rate that corresponds to 10 periods and gives an interest factor of 8.11087.

That interest rate is ⇒ 4%

As this is a semi-annual rate, the annual rate is;

= 4% * 2

= 8%

You have received a job offer upon graduation from a prestigious consulting firm. Before you receive your first paycheck, you have decided to purchase a $100,000 Porsche. The Eighth National Bank of Okemos is willing to give you a 5-year loan, but they require a 10% down payment, and the interest rate will be 10% annually. How much will your monthly payments be

Answers

Answer:

The monthly payments will be $1,912.23.

Explanation:

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV at 65 = Present value of the balance of the Porsche = $100,000 * (100% - Percentage of down payment) = $100,000 * (100% - 10%) = $90,000

P = monthly payments = ?

r = Monthly interest rate = Annual interest rate / 12 = 10% / 12 = 0.10 / 12 = 0.00833333333333333

n = number of months = 5 years * 12 months = 60

Substitute the values into equation (1) and solve for P, we have:

$90,000 = P * ((1 - (1 / (1 + 0.00833333333333333))^60) / 0.00833333333333333)

$90,000 = P * 47.0653690237519

P = $90,000 / 47.0653690237519

P = $1,912.23

Therefore, the monthly payments will be $1,912.23.

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