1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
telo118 [61]
2 years ago
12

Gilbert City had the following transactions involving resource inflows into its general fund for the year ended June 30, 20X8:

Business
1 answer:
Advocard [28]2 years ago
3 0

Answer:

$2,289,500

Explanation:

Preparation of the schedule to show the amount of revenue that should be reported by Gilbert’s general fund on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20X8

Gilbert City

REVENUE REPORTED by the General Fund

For the Year Ended June 30, 20X8

Property tax revenue $1,862,000

[$2,000,000-$100,000-($2,000,000-$100,000)*2%)]

Interest revenue on advance $1,500

Grant revenue used to acquire computer equipment $235,000

Sales tax revenue $125,000

Liquor license revenue $66,000

Total revenue reported $2,289,500

Therefore the amount of revenue that should be reported by Gilbert’s general fund on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20X8 is $2,289,500

You might be interested in
Which tasks are commonly done by employees in the Energy cluster? Check all that apply.
Anni [7]
Installing equipment
Manufacturing gauges
Designing systems
6 0
3 years ago
Read 2 more answers
Present Value of Bonds Payable; Premium Moss Co. issued $100,000 of four-year, 12% bonds with interest payable semiannually, at
alex41 [277]

<u>Solution and Explanation:</u>

Face Value of Bonds = $100,000

Annual Coupon Rate = 12.00% , Semi-annual Coupon Rate = 6.00%

Semiannual Coupon = 6.00% * $100,000 , Semiannual Coupon = $6,000

Annual Interest Rate = 9.00% , Semiannual Interest Rate = 4.50%

Time to Maturity = 5 years , Semiannual Period = 10

Present Value of Bonds  

=\$ 6,000 * \text { PVA of } \$ 1(4.50 \%, 10)+\$ 100,000 * \text { PV of } \$ 1(4.50 \%, 10)

Present Value of Bonds =\$ 6,000 * 7.91272+\$ 100,000 * 0.64393

Present Value of Bonds = $111,869

So, present value of the bonds payable is $111,869

5 0
3 years ago
Candonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . Su
Ksju [112]

Answer:

Candonia has a comparative advantage in the production of <u>LEMONS</u>, while Lamponia has a comparative advantage in the production of <u>COFFEE</u>. Suppose that Candonia and Lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of <u>36</u> million pounds of coffee and <u>36</u> million pounds of lemons.

Explanation:

Since a lot of information was missing, I looked it up and found the attached graphs. The graphs referred to production of coffee and lemons, but I guess they are similar questions.

For every pound of lemons that Candonia produces, it will not be able to produce ¹/₂ pounds of coffee (opportunity cost of producing lemons instead of coffee).

For every pound of coffee that Lamponia produces, it will not be able to produce 1¹/₂ pounds of lemons (opportunity cost of producing coffee instead of lemons).

8 0
3 years ago
What is moral muteness? Why do you think an advertising professional might experience this phenomenon?
SpyIntel [72]

Answer: See explanation

Explanation:

Moral muteness occurs when as individuals in the society, we choose not to speak up when we witness an unethical behavior by someone. Even though such issues don't go along with the moral beliefs of the person who witnessed it, he or she decides not to speak against it.

An advertising professional might experience this phenomenon because of the fear of the fear of the fact that speaking up might affect his or her chance of selling the product to the person with the unethical behavior and also due to fear of losing ones job.

7 0
3 years ago
How much will the peruvian government spend on servicing.
sp2606 [1]

Answer:

4,000 m

Explanation:

4,000 million Peruvian sol

5 0
2 years ago
Other questions:
  • Early capitalist economists argued that supply-and-demand pricing worked better without any _______.
    8·2 answers
  • Balancing trade is important because if a nation imports more than it exports,
    9·1 answer
  • The following transactions occurred during January 2021:
    12·1 answer
  • Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have an 6% coupon rate, and interest
    8·1 answer
  • a black female employee is told that she cannot come to work with her hair in a decorative braids traditionally worn in Africa,
    15·1 answer
  • The_____ will solve for the expected return measured in an investor’s domestic currency for a foreign asset denominated its own
    13·1 answer
  • how are all of your days so far i need someone to talk to btw i have a strict mom so if i dont answer stay there cuz she does no
    6·2 answers
  • Some companies require multiple interviews as part of their hiring processes.<br> True<br> False
    5·1 answer
  • Determine if each of the following plans are short term, long term, or operational.
    12·1 answer
  • If a customer gives his broker-dealer an order to sell his stock if it falls to or below 69 and will not accept a price below 69
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!