Answer: $2,970,000
Explanation:
According to US tax laws, property taxes can be recognised for 60 days into the next financial period because it is assumed that within this period, the taxes can still cover expenses related to the period that it is from.
Therefore, if Property taxes are paid within the first 60 days in 20X9 then the Town of Dean should recognise those taxes paid.
Those taxes amount to $10,000 so therefore, the amount to be reported in the fund is,
= 2,960,000 + 10,000
= $2,970,000
$2,970,000 is amount of property tax revenue that should be reported by the general fund for the year ended December 31, 20X8.
I believe the correct answer from the given choices is:
C. Producers must be ensured that they will be able to
sell their products and keep their revenues
Producers are given the freedom or right to sell their
product. They are protected by laws in a market economy.
Answer:
15percent o 100 annually
Explanation:
opportunity cost =(115-100/100)*100
Answer:
It compare the difference among the actual performance and budgeted performance grounds on the volume of actual sales.
Explanation:
Flexible budget performance report is the report which is used for comparing or analyzing the actual results or outcomes for the period with the budgeted outcomes and it is generated through the flexible budget.
In short, it is that report which is the management report and compares the actual revenues as well as costs for the year with the budgeted revenues as well as costs grounded on the volume of actual sales.
Answer:
The minimum would be the present value of the bonus, which is 5,075.72 dollars
Explanation:
we have to discount the 7,200 dollar bonus at 6% discount rate for 6 years to get the present value of the bonus:
Maturity 7,200
time 6 years
rate 6% = 6/100 = 0.06
PV $ 5,075.7159
