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statuscvo [17]
4 years ago
6

vThis portion of the continuous problem continues the General Fund and special revenue fund examples by requiring the recording

and posting of the budgetary entries. To reduce clerical effort required for the solution use control accounts for the budgetary accounts, revenues, expenditures and encumbrances. Subsidiary accounts are not required. Budget information for the City includes: a) As of January 1, 2017, the City Council approved and the mayor signed a budget calling for $11,150,000 in property tax and other revenue, $9,350,000 in appropriations for expenditures, and $1,700,000 to be transferred to two debt service funds for the payment of principal and interest. Record the budget for the General Fund and post to the ledger. b) Also as of January 1, 2017, the City Council approved and the mayor signed a budget for the Street and Highway Fund that provided for estimated revenues from the state government in the amount of $1,068,000 and appropriations of $1,047,000. Record the budget and post to the ledger.x

Business
1 answer:
Crank4 years ago
5 0

Solution:

Given,

a) As of January 1, 2017,

$11,150,000 in property tax and other revenue, $9,350,000

$1,700,000 to be transferred to two debt service funds

b) Also as of January 1, 2017, state government in the amount of $1,068,000 and appropriations of $1,047,000.

Please check the attachment for tabular form

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Explanation:

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4 years ago
Determining the payment options to be offered to a business's customers is which function?
11Alexandr11 [23.1K]

Answer:

Pricing

Explanation:

5 0
3 years ago
Are the signs of the coefficient estimates consistent with expectations? Explain.
kow [346]

The sign of each coefficient indicates the direction of the relationship between a predictor variable and the response variable. A positive sign indicates that as the predictor variable increases, the response variable also increases.

What do the estimates of the regression coefficients tell us?

You may determine if each independent variable and the dependent variable have a positive or negative association by looking at the sign of a regression coefficient. A positive coefficient means that the mean of the dependent variable tends to rise when the value of the independent variable rises.

What is predictor and response variable in regression?

The risk factors and confounders are referred to as the predictors, or explanatory or independent variables, whereas the outcome variable is also known as the response or dependent variable. The independent variables are designated by "X" while the dependent variable is denoted by "Y" in regression analysis.

Learn more about predictor and response variable in regression: brainly.com/question/14144041

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7 0
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kolbaska11 [484]

Answer:

<em>The price of peanuts would increase in Malaysia.</em>

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A country rich in an item tends to export the extra amounts of that particular product. In exchange, it might import other products which have a short production rate in its own countries.

<u><em> But as we all know, the prices of the imported items are often higher as compared to the local products of a country.</em></u>

Hence, in the scenario mentioned in the question, it is most likely that Malaysia will increase its prices of peanuts imported from United States.

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