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NISA [10]
4 years ago
8

The Town of Valley View is located in Simpson County. The county property tax levy for 2017 is $1.5 million of which $1.3 millio

n is expected to be collected. This levy includes $900,000 of taxes for the Town of Valley View which $875,000 is expected to be collected. The Tax Agency entry to record the Town of Valley View's levy includes a credit to:Choose the correct answer.1. Due to Other Governments for $875,000.2. Revenues Control for $900,000.3. Due to Other Governments for $900,000.4. Revenues Control for $875,000.
Business
1 answer:
hoa [83]4 years ago
7 0

Answer:

The answer is: 3) Due to Other Governments for $900,000.

Explanation:

The full record should be:

  • Dr Taxes Receivable for Other Governments 900,000
  • Cr Due to Other Governments 900,000

The total amount of the tax levy, and not just the expected amount to be collected, should be recorded as a receivable. The county collector is responsible for collecting (or attempting to collect) all taxes as billed.

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MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the c
m_a_m_a [10]

Answer:

The correct answer is c. Management Information System.

Explanation:

A Management Information System is a computer system that gathers, stores, analyzes, displays and reports data with the purpose of aiding decision-makers to be informed and make high quality decisions that are useful to a company. It consists of:

  • People, that take advantage a MIS to make effective decisions.
  • Hardware, physical structure that supports the MIS.
  • Software, computer programs that aid in all the processes to handle the data e.g. analysis, retrieval, etc.
  • Databases, that store the data of a MIS.

The information can be related to any area of the company, for example Research & Development (R&D), Marketing, Finances, Project development, Human Resources, etc.

The use of a MIS allows a company to have easy access to information, fast data processing and information retrieval, accurate data analysis, reduction of duplicates and reliable backup for the information stored.

7 0
4 years ago
"Tariffs and other trade restrictions increase the domestic scarcity of products from abroad. Such policies benefit domestic pro
serg [7]

Answer: A

Explanation: Tariffs are imposed on foreign goods that are bought into a country. There are several reasons for the imposition of tariff such as revenue generation for the government, prevention of dumping, and protecting local industries.

When tariffs and other trade restrictions are placed on a product, it increases the domestic prices of such products. This is a blessing to domestic producers selling similar products because there will be an increase in demand for domestic products

4 0
3 years ago
Read 2 more answers
Manufacturing costs include Group of answer choices
jeka94

Answer:

the answer is b) direct materials, direct labor, and manufacturing overhead.

Explanation:

direct materials - the materials and supplies used to create a product. (wood used to make a table)

direct labor- the labor and service implemented in the process of delivering finished goods. (hours spent on crafting the table)

manufacturing overhead- any indirect costs involved in the production of the product.

7 0
3 years ago
Suppose the Chinese yuan is pegged so that the exchange rate is 0.17 dollars per yuan. If an iPod costs $200 in the United State
Bad White [126]

Answer:

1176.47 Yuan

Explanation:

As we know that:

1 Yuan = $0.17 per Yuan

So this also means that:

One Dollar = 1  /   $0.17 Yuan = 5.8824 Yuan per Dollar

One Dollar = 5.8824 Yuan per Dollar

So for $200, Yuans would be:

200 Dollars = 5.8824 Yuan per Dollar   *  200

= 1176.47 Yuan

4 0
3 years ago
At mary kay​ cosmetics, an annual awards ceremony is held where beauty consultants are dressed glamorously and received awards f
Luden [163]
The element that a Mary Kay Cosmetics annual awards ceremony is the Organizational element of Rites and Rituals. Having beauty consultants dress glamorously and receive awards for sales goal achievements is a kind of celebration of the beauty consultants’ efforts, and the occasion for dressing glamorously makes them feel part of something bigger than themselves.
8 0
3 years ago
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