Based on information Journal Entries below and using the Phase 2 Exc.pdf
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Based on information Journal Entries below and using the Phase 2 Excel template provided, prepare applicable closing entries, and prepare, in good form, a 2015 Balance Sheet and a 2015 Statement of Revenues, Expenditures, and Changes in Fund balance. Note: Outstanding encumbrances at year end are classified as Assigned Fund Balance and all remaining net resources are classified as Unassigned Fund Balance.Journal EntryReferenceAccount TitlesDebitsCreditsa)Estimated Revenues Control11,250,000Appropriations Control9,300,000Estimated Other Financing Uses Control - Tranfers Out1,700,000Budgetary Fund Balance250,0001)Encumbrances Control (Prior Year)17,000Budgetary Fund Balance - Reserve for Encumbrances17,0002)Deferred Inflows - Property Taxes21,000Revenues Control21,0003)Taxes Receivable - Current6,800,000Estimated Uncollectible Current Taxes136,000Revenues Control6,664,0004)Cash500,000Tax Anticipation Notes Payable500,0005)Budgetary Fund Balance - Reserve for Encumbrances17,000Encumbrances Control17,000Expenditures Control16,600Accounts Payable16,6006)Accounts Payable115,600Due to Other Funds27,000Cash142,6007)Cash10,811,500Interest and penalties receivable3,500Taxes Receivable – Current6,400,000Due from State210,000Revenues from licenses and permits800,000Sales Tax Receivable - current2,890,000Misc Revenues350,000Taxes Receivable –158,0008)Encumbrances3,465,000Fund Balance Reserved for Encumbrances3,465,0009)Expenditures5,070,000Federal Income Tax Withheld498,000FICA Contribution357,000Cash4,215,00010)Due to Federal Government385,000FICA Contribution (City\'s Part)357,000State unemployment taxes28,00011)Fund Balance Reserved for Encumbrances3,375,300Expenditures3,375,300Encumbrances3,375,300Accounts Payable3,375,30012)Tax Anticipation Notes Payable500,000Expenditure18,000Cash518,00013)Estimated Fund332,000Unreserved fund balance332,00014)Expenditures350,200Water and Sewer37,000Stores and Services Fund313,200Stores and Services Fund310,000Cash310,00015)Sales Tax Receivable52,000Revenue52,00016)Accounts Contract Payable3,015,000Cash3,015,000Federal Income Tax Withheld498,000FICA Contribution357,000FICA Contribution (City\'s Part)357,000State unemployment taxes28,000Cash1,240,00017)Estimated Revenue73,000Fund for Appropriations (Budgetary Fund)139,000Appropriations212,00018)Property Taxes Receivable- Delinquent51,000Interest and penalties receivable on taxes - Delinquent1,600Property Tax Receivable51,000Interest and penalties receivable on taxes1,60019)Interest and penalties receivable on taxes17,200Estimated Uncollectable Taxes1,100Revenue16,10020)Deferred Revenue (Estimated Revenue)27,500Tax Receivable27,500 Solution.
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Based on information Journal Entries below can someone provide me wi.pdf
Based on information Journal Entries below can someone provide me with the closing entries,
the 2015 Balance Sheet and a 2015 Statement of Revenues, Expenditures, and Changes in Fund
balance.
Note:
Outstanding encumbrances at year end are classified as Assigned Fund Balance and all
remaining net resources are classified as Unassigned Fund Balance.Journal
EntryReferenceAccount TitlesDebitsCreditsa)Estimated Revenues
Control11,250,000Appropriations Control9,300,000Estimated Other Financing Uses Control -
Tranfers Out1,700,000Budgetary Fund Balance250,0001)Encumbrances Control (Prior
Year)17,000Budgetary Fund Balance - Reserve for Encumbrances17,0002)Deferred Inflows -
Property Taxes21,000Revenues Control21,0003)Taxes Receivable -
Current6,800,000Estimated Uncollectible Current Taxes136,000Revenues
Control6,664,0004)Cash500,000Tax Anticipation Notes Payable500,0005)Budgetary Fund
Balance - Reserve for Encumbrances17,000Encumbrances Control17,000Expenditures
Control16,600Accounts Payable16,6006)Accounts Payable115,600Due to Other
Funds27,000Cash142,6007)Cash10,811,500Interest and penalties receivable3,500Taxes
Receivable – Current6,400,000Due from State210,000Revenues from licenses and
permits800,000Sales Tax Receivable - current2,890,000Misc Revenues350,000Taxes
Receivable –158,0008)Encumbrances3,465,000Fund Balance Reserved for
Encumbrances3,465,0009)Expenditures5,070,000Federal Income Tax Withheld498,000FICA
Contribution357,000Cash4,215,00010)Due to Federal Government385,000FICA Contribution
(City\'s Part)357,000State unemployment taxes28,00011)Fund Balance Reserved for
Encumbrances3,375,300Expenditures3,375,300Encumbrances3,375,300Accounts
Payable3,375,30012)Tax Anticipation Notes
Payable500,000Expenditure18,000Cash518,00013)Estimated Fund332,000Unreserved fund
balance332,00014)Expenditures350,200Water and Sewer37,000Stores and Services
Fund313,200Stores and Services Fund310,000Cash310,00015)Sales Tax
Receivable52,000Revenue52,00016)Accounts Contract Payable3,015,000Cash3,015,000Federal
Income Tax Withheld498,000FICA Contribution357,000FICA Contribution (City\'s
Part)357,000State unemployment taxes28,000Cash1,240,00017)Estimated Revenue73,000Fund
for Appropriations (Budgetary Fund)139,000Appropriations212,00018)Property Taxes
Receivable- Delinquent51,000Interest and penalties receivable on taxes -
Delinquent1,600Property Tax Receivable51,000Interest and penalties receivable on
taxes1,60019)Interest and penalties receivable on taxes17,200Estimated Uncollectable
Taxes1,100Revenue16,10020)Deferred Revenue (Estimated Revenue)27,500Tax Receivable
Solution.
Statement of Cash Flows The Statement of Cash Flow, the fo.docx
Statement of Cash Flows
The Statement of Cash Flow, the fourth financial statement required by GAAP, discloses
how a corporation receives and spends cash. The module also introduces comparative
analysis, using horizontal and vertical techniques as well as standard financial ratios.
The Statement of Cash Flows
The fourth and last major financial statement for corporations is the Statement of Cash
Flows. Along with the Income Statement, Balance Sheet, and Statement of Stockholders'
Equity, the Statement of Cash Flows provides a consistent format for analyzing external
financial information across organizations.
Purpose of the Statement
As its name implies, the Statement of Cash Flows presents where a corporation received
cash (cash receipts) and where it spent cash (cash payments) during the fiscal year.
The statement has four major purposes:
• used to predict future cash flows and if bills can be paid
• used to determine if good financial investment decisions are being made by
management
• identifies if stockholder dividends can be paid to investors
• used to evaluate the relationship between changes in cash position and net income
The Statement of Cash Flows consists of three sections: operating activities, investing
activities, and financing activities. Each section or activity generates and/or uses cash.
For example:
cash is generated by:
• operating activities (receipts)
• investing activities (use of assets)
• financing activities (borrowing)
cash is used:
• operating activities (expenses to generate revenues)
• investing activities (purchase of assets)
• financing activities (repayment of long-term debt and equity payments)
Operating activities generate revenues and expenses. This source of cash is the most
important since it is derived from the main purpose of a corporation’s existence.
Investing activities deal with long-term assets. For example, the purchase of a new
machine would be an investing activity. Financing activities generate cash from
investors and creditors. If long-term debt were issued an inflow of cash would occur.
The issuance of additional stock would also generate cash while the retirement of long-
term debt would be a use of cash.
The preparation of the statement involves using the other three financial statements
(Income Statement, Balance Sheet, and Statement of Stockholders' Equity) and making
certain adjustments to shift focus from the accrual basis of accounting to the cash basis of
accounting.
The Financial Accounting Standards Board (FASB) has approved two methods of
preparing the Statement of Cash Flows: (1) the direct method, preferred by GAAP, and
(2) the indirect method, most often used by corporations.
Direct Method
The direct method provides more information and analyzes all activities that increase or
decrease cash. As with the indirect method, activities that increase or decrease cash are
first ident.
Cashflow questions
The document provides financial statement information for M/s R Company for 2004 and 2003, including balance sheets, income statements, and additional notes. It asks to prepare a statement of cash flows using the indirect method, noting equipment purchases and sales, bond redemptions, stock issuances, dividend payments, and other transactions during 2004.
Govt acct chapter 9 for LGUs
This document outlines accounting policies and procedures for local government units in the Philippines. It discusses the basic features of accrual accounting and the one fund concept used. It also describes the various books, journals, ledgers and financial statements required, as well as the budgeting and accounting processes for revenues, expenditures, assets, liabilities and financial reporting. Adjusting entries, closing entries and trial balances are discussed to ensure revenues and expenses are recorded properly.
Continuous Problem – City of Monroe 1Continuous Probl.docx
Continuous Problem – City of Monroe
1
Continuous Problem – City of Monroe
TO ACCOMPANY
ESSENTIALS OF ACCOUNTING FOR GOVERNMENTAL
AND NOT-FOR-PROFIT ORGANIZATIONS:
TWELFTH EDITION
Chapters 2 through 8 describe accounting and financial reporting by state and local
governments. A continuous problem is presented to provide an overview of the reporting
process, including preparation of fund basis and government-wide statements. The problem
assumes the government is using fund accounting for its internal record-keeping and then at
year-end makes necessary adjustments to prepare the government-wide statements. The
problem that follows is presented in the same order as the textbook (beginning with Chapters
3, and 4).
Each chapter requires the preparation of journal entries to record the events and transactions
of governmental, proprietary, or fiduciary funds. For the General Fund, use control accounts
for the budgetary accounts, revenues, expenditures and encumbrances. For all other funds,
use separate accounts for each type of revenue and expenditure/expense. At appropriate
stages, preparation of the fund and government-wide statements are required. The following
funds are included in this series of problems:
Governmental Funds
General
Special revenue—Street and Highway Fund
Capital projects—City Hall Annex Construction Fund
Debt service—City Jail Annex Debt Service Fund
Debt service—City Hall Debt Service Fund
Proprietary Funds
Internal service—Stores and Services Fund
Enterprise—Water and Sewer Fund
Fiduciary Funds
Private-purpose—Student Scholarship Fund
Pension trust—Fire and Police Retirement Fund
Chapters 3 & 4
The Balance Sheets of the General Fund and the Street and Highway Fund of the City of
Monroe as of December 31, 2014, follow. These (beginning) balances have been entered in
the proper general ledger accounts, as of 1/1/2015.
Continuous Problem – City of Monroe
2
CITY OF MONROE
General Fund Balance Sheet
As of December 31, 2014
Assets
Cash $502,000
Taxes receivable $210,000
Less: Estimated uncollectible taxes (42,000)
net 168,000
Interest and penalties receivable on taxes 5,200
Less: Estimated uncollectible interest and penalties (950)
net 4,250
Due from state government 210,000
Total assets $884,250
Liabilities, Deferred Inflows, and Fund Equity
Liabilities:
Accounts payable $ 99,000
Due to other funds 27,000
Total liabilities 126,000
Deferred inflows – Property taxes 21,000
Fund equity:
Fund balance—assigned
(for outstanding encumbrances) $17,000
Fund balance—unassigned 720,250
Total fund balance 737,250
Total liabilities, deferred inflows and fund equity $884,250
CITY OF MONROE
Street and Highway Fund Balance Sheet
As of December 31, 2014
Assets
Cash $21,000
Investments 59,000
Due from state government 109,000
Total assets $189,000
Liabilities and Fund.
Fund flow statement
This slide will help you to learn procedure for preparing fund flow statement and statement of changes in working capital
Continuous Problem – City of Monroe 1Continuous Probl.docx
Continuous Problem – City of Monroe
1
Continuous Problem – City of Monroe
TO ACCOMPANY
ESSENTIALS OF ACCOUNTING FOR GOVERNMENTAL
AND NOT-FOR-PROFIT ORGANIZATIONS:
TWELFTH EDITION
Chapters 2 through 8 describe accounting and financial reporting by state and local
governments. A continuous problem is presented to provide an overview of the reporting
process, including preparation of fund basis and government-wide statements. The problem
assumes the government is using fund accounting for its internal record-keeping and then at
year-end makes necessary adjustments to prepare the government-wide statements. The
problem that follows is presented in the same order as the textbook (beginning with Chapters
3, and 4).
Each chapter requires the preparation of journal entries to record the events and transactions
of governmental, proprietary, or fiduciary funds. For the General Fund, use control accounts
for the budgetary accounts, revenues, expenditures and encumbrances. For all other funds,
use separate accounts for each type of revenue and expenditure/expense. At appropriate
stages, preparation of the fund and government-wide statements are required. The following
funds are included in this series of problems:
Governmental Funds
¾ General
¾ Special revenue—Street and Highway Fund
¾ Capital projects—City Hall Annex Construction Fund
¾ Debt service—City Jail Annex Debt Service Fund
¾ Debt service—City Hall Debt Service Fund
Proprietary Funds
¾ Internal service—Stores and Services Fund
¾ Enterprise—Water and Sewer Fund
Fiduciary Funds
¾ Private-purpose—Student Scholarship Fund
¾ Pension trust—Fire and Police Retirement Fund
Chapters 3 & 4
The Balance Sheets of the General Fund and the Street and Highway Fund of the City of
Monroe as of December 31, 2014, follow. These (beginning) balances have been entered in
the proper general ledger accounts, as of 1/1/2015.
Continuous Problem – City of Monroe
2
CITY OF MONROE
General Fund Balance Sheet
As of December 31, 2014
Assets
Cash $502,000
Taxes receivable $210,000
Less: Estimated uncollectible taxes (42,000)
net 168,000
Interest and penalties receivable on taxes 5,200
Less: Estimated uncollectible interest and penalties (950)
net 4,250
Due from state government 210,000
Total assets $884,250
Liabilities, Deferred Inflows, and Fund Equity
Liabilities:
Accounts payable $ 99,000
Due to other funds 27,000
Total liabilities 126,000
Deferred inflows – Property taxes 21,000
Fund equity:
Fund balance—assigned
(for outstanding encumbrances) $17,000
Fund balance—unassigned 720,250
Total fund balance 737,250
Total liabilities, deferred inflows and fund equity $884,250
CITY OF MONROE
Street and Highway Fund Balance Sheet
As of December 31, 2014
Assets
Cash $21,000
Investments 59,000
Due from state government 109,000
Total assets $189,000
Liabilities and Fund.
cashflowstatementpdf-01.pdf
The document discusses the meaning, objectives, and preparation of cash flow statements. It explains that a cash flow statement classifies cash flows into three categories: operating, investing, and financing activities. It provides examples of cash inflows and outflows for each category, and discusses adjustments needed to reconcile net income to the net cash provided by operating activities, such as adding back depreciation. The document also covers definitions, treatments of special items like dividends, and methods to determine missing information in fixed asset accounts.
Recommended
Based on information Journal Entries below can someone provide me wi.pdf
Based on information Journal Entries below can someone provide me with the closing entries,
the 2015 Balance Sheet and a 2015 Statement of Revenues, Expenditures, and Changes in Fund
balance.
Note:
Outstanding encumbrances at year end are classified as Assigned Fund Balance and all
remaining net resources are classified as Unassigned Fund Balance.Journal
EntryReferenceAccount TitlesDebitsCreditsa)Estimated Revenues
Control11,250,000Appropriations Control9,300,000Estimated Other Financing Uses Control -
Tranfers Out1,700,000Budgetary Fund Balance250,0001)Encumbrances Control (Prior
Year)17,000Budgetary Fund Balance - Reserve for Encumbrances17,0002)Deferred Inflows -
Property Taxes21,000Revenues Control21,0003)Taxes Receivable -
Current6,800,000Estimated Uncollectible Current Taxes136,000Revenues
Control6,664,0004)Cash500,000Tax Anticipation Notes Payable500,0005)Budgetary Fund
Balance - Reserve for Encumbrances17,000Encumbrances Control17,000Expenditures
Control16,600Accounts Payable16,6006)Accounts Payable115,600Due to Other
Funds27,000Cash142,6007)Cash10,811,500Interest and penalties receivable3,500Taxes
Receivable – Current6,400,000Due from State210,000Revenues from licenses and
permits800,000Sales Tax Receivable - current2,890,000Misc Revenues350,000Taxes
Receivable –158,0008)Encumbrances3,465,000Fund Balance Reserved for
Encumbrances3,465,0009)Expenditures5,070,000Federal Income Tax Withheld498,000FICA
Contribution357,000Cash4,215,00010)Due to Federal Government385,000FICA Contribution
(City\'s Part)357,000State unemployment taxes28,00011)Fund Balance Reserved for
Encumbrances3,375,300Expenditures3,375,300Encumbrances3,375,300Accounts
Payable3,375,30012)Tax Anticipation Notes
Payable500,000Expenditure18,000Cash518,00013)Estimated Fund332,000Unreserved fund
balance332,00014)Expenditures350,200Water and Sewer37,000Stores and Services
Fund313,200Stores and Services Fund310,000Cash310,00015)Sales Tax
Receivable52,000Revenue52,00016)Accounts Contract Payable3,015,000Cash3,015,000Federal
Income Tax Withheld498,000FICA Contribution357,000FICA Contribution (City\'s
Part)357,000State unemployment taxes28,000Cash1,240,00017)Estimated Revenue73,000Fund
for Appropriations (Budgetary Fund)139,000Appropriations212,00018)Property Taxes
Receivable- Delinquent51,000Interest and penalties receivable on taxes -
Delinquent1,600Property Tax Receivable51,000Interest and penalties receivable on
taxes1,60019)Interest and penalties receivable on taxes17,200Estimated Uncollectable
Taxes1,100Revenue16,10020)Deferred Revenue (Estimated Revenue)27,500Tax Receivable
Solution.
Statement of Cash Flows The Statement of Cash Flow, the fo.docx
Statement of Cash Flows
The Statement of Cash Flow, the fourth financial statement required by GAAP, discloses
how a corporation receives and spends cash. The module also introduces comparative
analysis, using horizontal and vertical techniques as well as standard financial ratios.
The Statement of Cash Flows
The fourth and last major financial statement for corporations is the Statement of Cash
Flows. Along with the Income Statement, Balance Sheet, and Statement of Stockholders'
Equity, the Statement of Cash Flows provides a consistent format for analyzing external
financial information across organizations.
Purpose of the Statement
As its name implies, the Statement of Cash Flows presents where a corporation received
cash (cash receipts) and where it spent cash (cash payments) during the fiscal year.
The statement has four major purposes:
• used to predict future cash flows and if bills can be paid
• used to determine if good financial investment decisions are being made by
management
• identifies if stockholder dividends can be paid to investors
• used to evaluate the relationship between changes in cash position and net income
The Statement of Cash Flows consists of three sections: operating activities, investing
activities, and financing activities. Each section or activity generates and/or uses cash.
For example:
cash is generated by:
• operating activities (receipts)
• investing activities (use of assets)
• financing activities (borrowing)
cash is used:
• operating activities (expenses to generate revenues)
• investing activities (purchase of assets)
• financing activities (repayment of long-term debt and equity payments)
Operating activities generate revenues and expenses. This source of cash is the most
important since it is derived from the main purpose of a corporation’s existence.
Investing activities deal with long-term assets. For example, the purchase of a new
machine would be an investing activity. Financing activities generate cash from
investors and creditors. If long-term debt were issued an inflow of cash would occur.
The issuance of additional stock would also generate cash while the retirement of long-
term debt would be a use of cash.
The preparation of the statement involves using the other three financial statements
(Income Statement, Balance Sheet, and Statement of Stockholders' Equity) and making
certain adjustments to shift focus from the accrual basis of accounting to the cash basis of
accounting.
The Financial Accounting Standards Board (FASB) has approved two methods of
preparing the Statement of Cash Flows: (1) the direct method, preferred by GAAP, and
(2) the indirect method, most often used by corporations.
Direct Method
The direct method provides more information and analyzes all activities that increase or
decrease cash. As with the indirect method, activities that increase or decrease cash are
first ident.
Cashflow questions
The document provides financial statement information for M/s R Company for 2004 and 2003, including balance sheets, income statements, and additional notes. It asks to prepare a statement of cash flows using the indirect method, noting equipment purchases and sales, bond redemptions, stock issuances, dividend payments, and other transactions during 2004.
Govt acct chapter 9 for LGUs
This document outlines accounting policies and procedures for local government units in the Philippines. It discusses the basic features of accrual accounting and the one fund concept used. It also describes the various books, journals, ledgers and financial statements required, as well as the budgeting and accounting processes for revenues, expenditures, assets, liabilities and financial reporting. Adjusting entries, closing entries and trial balances are discussed to ensure revenues and expenses are recorded properly.
Continuous Problem – City of Monroe 1Continuous Probl.docx
Continuous Problem – City of Monroe
1
Continuous Problem – City of Monroe
TO ACCOMPANY
ESSENTIALS OF ACCOUNTING FOR GOVERNMENTAL
AND NOT-FOR-PROFIT ORGANIZATIONS:
TWELFTH EDITION
Chapters 2 through 8 describe accounting and financial reporting by state and local
governments. A continuous problem is presented to provide an overview of the reporting
process, including preparation of fund basis and government-wide statements. The problem
assumes the government is using fund accounting for its internal record-keeping and then at
year-end makes necessary adjustments to prepare the government-wide statements. The
problem that follows is presented in the same order as the textbook (beginning with Chapters
3, and 4).
Each chapter requires the preparation of journal entries to record the events and transactions
of governmental, proprietary, or fiduciary funds. For the General Fund, use control accounts
for the budgetary accounts, revenues, expenditures and encumbrances. For all other funds,
use separate accounts for each type of revenue and expenditure/expense. At appropriate
stages, preparation of the fund and government-wide statements are required. The following
funds are included in this series of problems:
Governmental Funds
General
Special revenue—Street and Highway Fund
Capital projects—City Hall Annex Construction Fund
Debt service—City Jail Annex Debt Service Fund
Debt service—City Hall Debt Service Fund
Proprietary Funds
Internal service—Stores and Services Fund
Enterprise—Water and Sewer Fund
Fiduciary Funds
Private-purpose—Student Scholarship Fund
Pension trust—Fire and Police Retirement Fund
Chapters 3 & 4
The Balance Sheets of the General Fund and the Street and Highway Fund of the City of
Monroe as of December 31, 2014, follow. These (beginning) balances have been entered in
the proper general ledger accounts, as of 1/1/2015.
Continuous Problem – City of Monroe
2
CITY OF MONROE
General Fund Balance Sheet
As of December 31, 2014
Assets
Cash $502,000
Taxes receivable $210,000
Less: Estimated uncollectible taxes (42,000)
net 168,000
Interest and penalties receivable on taxes 5,200
Less: Estimated uncollectible interest and penalties (950)
net 4,250
Due from state government 210,000
Total assets $884,250
Liabilities, Deferred Inflows, and Fund Equity
Liabilities:
Accounts payable $ 99,000
Due to other funds 27,000
Total liabilities 126,000
Deferred inflows – Property taxes 21,000
Fund equity:
Fund balance—assigned
(for outstanding encumbrances) $17,000
Fund balance—unassigned 720,250
Total fund balance 737,250
Total liabilities, deferred inflows and fund equity $884,250
CITY OF MONROE
Street and Highway Fund Balance Sheet
As of December 31, 2014
Assets
Cash $21,000
Investments 59,000
Due from state government 109,000
Total assets $189,000
Liabilities and Fund.
Fund flow statement
This slide will help you to learn procedure for preparing fund flow statement and statement of changes in working capital
Continuous Problem – City of Monroe 1Continuous Probl.docx
Continuous Problem – City of Monroe
1
Continuous Problem – City of Monroe
TO ACCOMPANY
ESSENTIALS OF ACCOUNTING FOR GOVERNMENTAL
AND NOT-FOR-PROFIT ORGANIZATIONS:
TWELFTH EDITION
Chapters 2 through 8 describe accounting and financial reporting by state and local
governments. A continuous problem is presented to provide an overview of the reporting
process, including preparation of fund basis and government-wide statements. The problem
assumes the government is using fund accounting for its internal record-keeping and then at
year-end makes necessary adjustments to prepare the government-wide statements. The
problem that follows is presented in the same order as the textbook (beginning with Chapters
3, and 4).
Each chapter requires the preparation of journal entries to record the events and transactions
of governmental, proprietary, or fiduciary funds. For the General Fund, use control accounts
for the budgetary accounts, revenues, expenditures and encumbrances. For all other funds,
use separate accounts for each type of revenue and expenditure/expense. At appropriate
stages, preparation of the fund and government-wide statements are required. The following
funds are included in this series of problems:
Governmental Funds
¾ General
¾ Special revenue—Street and Highway Fund
¾ Capital projects—City Hall Annex Construction Fund
¾ Debt service—City Jail Annex Debt Service Fund
¾ Debt service—City Hall Debt Service Fund
Proprietary Funds
¾ Internal service—Stores and Services Fund
¾ Enterprise—Water and Sewer Fund
Fiduciary Funds
¾ Private-purpose—Student Scholarship Fund
¾ Pension trust—Fire and Police Retirement Fund
Chapters 3 & 4
The Balance Sheets of the General Fund and the Street and Highway Fund of the City of
Monroe as of December 31, 2014, follow. These (beginning) balances have been entered in
the proper general ledger accounts, as of 1/1/2015.
Continuous Problem – City of Monroe
2
CITY OF MONROE
General Fund Balance Sheet
As of December 31, 2014
Assets
Cash $502,000
Taxes receivable $210,000
Less: Estimated uncollectible taxes (42,000)
net 168,000
Interest and penalties receivable on taxes 5,200
Less: Estimated uncollectible interest and penalties (950)
net 4,250
Due from state government 210,000
Total assets $884,250
Liabilities, Deferred Inflows, and Fund Equity
Liabilities:
Accounts payable $ 99,000
Due to other funds 27,000
Total liabilities 126,000
Deferred inflows – Property taxes 21,000
Fund equity:
Fund balance—assigned
(for outstanding encumbrances) $17,000
Fund balance—unassigned 720,250
Total fund balance 737,250
Total liabilities, deferred inflows and fund equity $884,250
CITY OF MONROE
Street and Highway Fund Balance Sheet
As of December 31, 2014
Assets
Cash $21,000
Investments 59,000
Due from state government 109,000
Total assets $189,000
Liabilities and Fund.
cashflowstatementpdf-01.pdf
The document discusses the meaning, objectives, and preparation of cash flow statements. It explains that a cash flow statement classifies cash flows into three categories: operating, investing, and financing activities. It provides examples of cash inflows and outflows for each category, and discusses adjustments needed to reconcile net income to the net cash provided by operating activities, such as adding back depreciation. The document also covers definitions, treatments of special items like dividends, and methods to determine missing information in fixed asset accounts.
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The document provides an executive summary and details of ACCIONA's FY 2017 results. Key highlights include revenues increasing 21.4% to €7,254 million and EBITDA growing 7% to €1,275 million driven by higher contributions from Infrastructure. Net debt increased slightly to €5,224 million. Gross capital expenditures were €920 million, focused on Energy and Infrastructure. M&A activity included agreements to sell Trasmediterránea and contribute real estate assets to Testa Residencial.
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This document contains a test on budgeting concepts with multiple choice questions. It also includes information about a small business preparing budgets for October 2015 and January 2015, including expected sales, expenses, stock purchases and changes. The test questions require applying the business information to prepare budgeted financial statements such as the stock control ledger, creditors control ledger, cash flow statement, income statement and balance sheet.
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This document provides a series of exercises related to preparing statements of cash flows using both the direct and indirect methods. It includes instructions for journal entries, reconciling net income to cash flows from operating activities, and computing free cash flow. The exercises provide comparative balance sheet information, income statement details, and additional transaction details to prepare various sections of the statement of cash flows.
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This document provides a series of exercises related to preparing statements of cash flows using both the direct and indirect methods. It includes instructions for journal entries, reconciling net income to cash flows from operating activities, and computing free cash flow. The exercises provide comparative balance sheet information, income statement details, and additional transaction details to calculate cash flow amounts and complete statements of cash flows.
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The document is a fund flow statement for B Ltd for the year ending 31 December 2019.
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2) Applications of funds included purchase of plant and machinery of Rs. 1,80,000, payment of interim dividend of Rs. 25,000, payment of dividend of Rs. 30,000, payment of tax of Rs. 35,000, and redemption of debentures of Rs. 30,000.
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Fund Flow Statement with Example
The fund flow statement reflects the changes in a company's funds over a period of two years. It shows the sources and uses of funds. The summary is:
1) Working capital increased by Rs. 51,100 from 2010 to 2011 due to decreases in current assets like stock and debtors, and decreases in current liabilities like bank loans and creditors.
2) Major sources of funds were issue of shares for Rs. 50,000 and sale of land and building for Rs. 10,000.
3) Major uses of funds were purchase of plant for Rs. 38,000, dividend paid of Rs. 20,000 and income tax paid of Rs. 20,000.
4)
NACCHO AGM Presentation 2017
This document outlines the presentation of NACCHO's financial report for the year ended 30 June 2017. It includes an overview of the organization's financial statements and reporting requirements. The financial report received an unqualified independent audit opinion and showed an overall profit of $150,965 for the year. Key items included a reduction in grant funding compared to the previous year and decreases in certain expenses like training and travel. NACCHO's statement of financial position showed a solid financial position with net assets of $1,485,550 as of 30 June 2017.
ACC205 Discussion QuestionsAccounting Equation As you hav.docx
ACC205 Discussion Questions:
Accounting Equation
As you have learned in this week’s readings the Accounting Equation is Assets = Liabilities + Owners’ Equity. Is the accounting equation true in all instances? Provide sample transactions from your own experiences to demonstrate the validity of the Accounting Equation.
Accounts
What does the term account mean? What are the different classifications of accounts? How do the rules for debits and credits impact accounts? Please provide an example of how debits and credits impact accounts.
Accounting Cycle
Financial statements are a product of the accounting cycle. Think about two different companies: a manufacturing company, and a retail company. Why would different companies have different accounting cycles? Would you expect the steps of the accounting cycle to be the same for each company? Why or why not?
Bank Reconciliation
What is the purpose of a bank reconciliation? What are the reasons for differences between the cash reported in the accounting records and the cash balance in the bank statements?
LIFO vs. FIFO
The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controller’s bonus is based on the next income. It is the controller’s belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods?
Depreciation
A variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset. Your client has just purchased a piece of equipment for $100,000. Explain the concept of depreciation. Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method?
Ratios
Ratios provide the users of financial statements with a great deal of information about the entity. Do ratios tell the whole story? How could liquidity ratios be used by investors to determine whether or not to invest in a company?
Profit Margin
Year Ending December 2012
Year Ending December 2011
Year Ending December 2010
Revenues
40,000
35,000
33,000
Operating Expenses
Salaries
15,000
10,000
9,000
Maintenance and Repairs
6,000
9,000
10,000
Rental Expense
2,500
2,500
2,500
Depreciation
2,000
2,000
2,000
Fuel
4,000
3,500
2,500
Total Operating Expenses
29,500
27,000
26,000
Operating Income
10,500
8,000
7,000
Sales and Administrative Expenses
6,000
4,000
3,000
Interest Expense
2,500
2,000
1,000
Net Income
2,000
2,000
3,000
Above is a comparative income statement for Cecil, Inc. for the years 2010, 2011, and 2012. Calculate the profit margin for each of these years. Comment on the profit margin trend.
BWeek Five Exercise Assignment
Financial Ratios
1. Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:
Edi.
NSU EMB 501 Accounting Ch17
The document discusses the statement of cash flows, including:
1. It provides information about a company's ability to generate cash flows, pay obligations, and reasons for differences between net income and cash flows from operations.
2. Activities are classified as operating, investing, or financing based on whether they are from income statement items, long-term asset items, or long-term liability/equity items.
3. The indirect method is most commonly used to prepare the statement of cash flows, where net income is adjusted for non-cash expenses to determine cash flows from operations.
Barbara had some money saved. She spent one-third of it on a birdhou.pdf
Barbara had an original amount of money that she spent in thirds and halves on various items, ultimately having $6 left. To determine how much she started with, we can set up equations to track the spending and solve to find that the original amount was $36.
Banks are financial intermediaries because theya.b.c.d.e..pdf
Banks are financial intermediaries because they
a.
b.
c.
d.
e.
a.receive new Federal Reserve notes from the Fed and put them into circulation
b.bring together the two sides of the market-savers and borrowers
c.bring different savers into contact with each other
d.bring about the merger of smaller banks to make larger ones
e.resolve disputes between stock brokers, mortgage companies, insurance agencies, and other
financial institutions
Solution
option B is correct.
because, bank is a finacial intermediary which collects funds from the people who are having
excess and lend them to the people who are in need of them.
the definition of a bank is : it is a profit seeking firm which deals with money and credit. the
main function of a bank is accept deposits and lend loans to the needed people.
so, option B is correct..
Bank customers should reconcile their records frequently with ______.pdf
Bank customers should reconcile their records frequently with ________ to prevent their checks
from ________.
A. Bank deposit slips; clearing
B. Cash receipts; being returned
C. Bank statements; bouncing
D. Accounting records; posted with a delay
Solution
Option C i,e Bank statements; bouncing.
Balls numbered 1 through N are in an urn. Suppose that n of them are.pdf
Balls numbered 1 through N are in an urn. Suppose that n of them are randomly
selected without replacement. Let Y denote the largest number selected. Find
the probability mass function of Y.
Solution
P(Y=i)=C(i-1,n-1)/C(N, n) where n<=i<=N.
Back account opened in 1912 with a $2000 deposit at the beginning of.pdf
Back account opened in 1912 with a $2000 deposit at the beginning of the year, a further $500 is
deposited at the beginning of each subsequent year, interest rate is 2.5 percent and it is paid at the
end of each year, find the total amount at the end of year 1930
I got an answer of 14300 but I think I went wrong somewhere
Solution
it will be done by compound interest formulae
amount
=2000(1+0.025)^19+5000(1+0.025)^18+5000(1+0.025)^17+5000(1+0.025)^16.......+5000(1.025
)
amount=3197.3+5000(12.7426+10.0234)
amount=3197.3+5000(22.94598)=117927.21.
b. In finding the critical value, how many degrees of freedom are th.pdf
b. In finding the critical value, how many degrees of freedom are there? What is your statistical
decision? What assumptions about the two populations are necessary?
Solution
b. the degrees of freedom = n1+n2-2=8+15-2=21 Assume two population are
normal distribution..
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Depreciation
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Ratios
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Profit Margin
Year Ending December 2012
Year Ending December 2011
Year Ending December 2010
Revenues
40,000
35,000
33,000
Operating Expenses
Salaries
15,000
10,000
9,000
Maintenance and Repairs
6,000
9,000
10,000
Rental Expense
2,500
2,500
2,500
Depreciation
2,000
2,000
2,000
Fuel
4,000
3,500
2,500
Total Operating Expenses
29,500
27,000
26,000
Operating Income
10,500
8,000
7,000
Sales and Administrative Expenses
6,000
4,000
3,000
Interest Expense
2,500
2,000
1,000
Net Income
2,000
2,000
3,000
Above is a comparative income statement for Cecil, Inc. for the years 2010, 2011, and 2012. Calculate the profit margin for each of these years. Comment on the profit margin trend.
BWeek Five Exercise Assignment
Financial Ratios
1. Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:
Edi.
NSU EMB 501 Accounting Ch17
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1. It provides information about a company's ability to generate cash flows, pay obligations, and reasons for differences between net income and cash flows from operations.
2. Activities are classified as operating, investing, or financing based on whether they are from income statement items, long-term asset items, or long-term liability/equity items.
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b.
c.
d.
e.
a.receive new Federal Reserve notes from the Fed and put them into circulation
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e.resolve disputes between stock brokers, mortgage companies, insurance agencies, and other
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option B is correct.
because, bank is a finacial intermediary which collects funds from the people who are having
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I got an answer of 14300 but I think I went wrong somewhere
Solution
it will be done by compound interest formulae
amount
=2000(1+0.025)^19+5000(1+0.025)^18+5000(1+0.025)^17+5000(1+0.025)^16.......+5000(1.025
)
amount=3197.3+5000(12.7426+10.0234)
amount=3197.3+5000(22.94598)=117927.21.
b. In finding the critical value, how many degrees of freedom are th.pdf
b. In finding the critical value, how many degrees of freedom are there? What is your statistical
decision? What assumptions about the two populations are necessary?
Solution
b. the degrees of freedom = n1+n2-2=8+15-2=21 Assume two population are
normal distribution..
BackgroundWith regards to the UK government.I have recently been.pdf
Background
With regards to the UK government.
I have recently been involved in a debate stemming from figures mentioned in this blog post (the
blogger was advocated by Occupy London\'s facebook page and verifying the level of \"over-
sensationalism\" portrayed in the post would make or break my relationship with them both).
Here are the bare bones of what the blog post claims:
Bankers cost this country
Solution
Source:- Bankers cost this country.
Bayside General Hospital is trying to streamline its operations. A p.pdf
Bayside General Hospital is trying to streamline its operations. A problem-solving group
consisting of a nurse, a technician, a doctor, an administrator, and a patient is examining
outpatient procedures in an effort to speed up the process and make it more cost-effective. Listed
here are the steps that a typical patient follows for diagnostic imaging:
Solution
Hi,
The service blueprint is a technique used for service innovation, but has also found applications
in diagnosing problems with operational efficiency and can be used to conceptualise structural
change (i.e. repositioning). The technique was first described by Lynn Shostack, a bank
executive, in the Harvard Business Review in 1982.The blueprint shows processes within the
company, divided into different components which are separated by lines.
The service blueprint defines:.
BayesSolution Bayes theorem deals with the.pdf
Bayes
Solution
Bayes\' theorem deals with the role of new information in revising probability
estimates. The theorem assumes that the probability of a hypothesis (the posterior probability) is
a function of new evidence (the likelihood) and previous knowledge (prior probability). The
theorem is named after Thomas Bayes (1702–1761), a nonconformist minister who had an
interest in mathematics. The basis of the theorem is contained in as essay published in the
Philosophical Transactions of the Royal Society of London in 1763. Bayes\' theorem is a logical
consequence of the product rule of probability, which is the probability (P) of two events (A and
B) happening— P(A,B)—is equal to the conditional probability of one event occurring given that
the other has already occurred—P(A|B)—multiplied by the probability of the other event
happening—P(B). The derivation of the theorem is as follows: P(A,B) = P(A|B)×P(B) =
P(B|A)×P(A) Thus: P(A|B) = P(B|A)×P(A)/P(B). Bayes\' theorem has been frequently used in
the areas of diagnostic testing and in the determination of genetic predisposition. For example, if
one wants to know the probability that a person with a particular genetic profile (B) will develop
a particular tumour type (A)—that is, P(A|B). Previous knowledge leads to the assumption that
the probability that any individual will develop the specific tumour (P(A)) is 0.1 and the
probability that an individual has the particular genetic profile (P(B)) is 0.2. New evidence
establishes that the probability that an individual with the tumor—P(B|A)—has the genetic
profile of interest is 0.5. Thus: P(A|B) = 0.1×0.5/0.2 = 0.25 The adoption of Bayes\' theorem
has led to the development of Bayesian methods for data analysis. Bayesian methods have been
defined as \"the explicit use of external evidence in the design, monitoring, analysis,
interpretation and reporting\" of studies (Spiegelhalter, 1999). The Bayesian approach to data
analysis allows consideration of all possible sources of evidence in the determination of the
posterior probability of an event. It is argued that this approach has more relevance to decision
making than classical statistical inference, as it focuses on the transformation from initial
knowledge to final opinion rather than on providing the \"correct\" inference. In addition to its
practical use in probability analysis, Bayes\' theorem can be used as a normative model to assess
how well people use empirical information to update the probability that a hypothesis is true.
Oxford Dictionary of Philosophy: Theorem in probability theory. Thomas Bayes (1702-61) was
an English clergyman, whose An Essay towards Solving a Problem in the Doctrine of Chances
occurs in two memoirs presented by Price (Bayes having died), in Philosophical Transactions of
1763 and 1764. Bayes gave a result for the probability that the chance of an event on a single
trial is within a certain interval, given the number of times the event has occurred and the number.
Baxter & Baxter have total assets of 710,000. There are 45,000 share.pdf
Baxter & Baxter have total assets of 710,000. There are 45,000 shares of stock outstanding with
a market value of 28 a share. The firm has a profit margin of 7.1 percent and a total asset
turnover of 1.29. What is hte price-earning ratio?
16.38
17.99
19.38
20.12
22.41
Solution
total asset turnover=revenue/average total assets
revenue=$915900
Net Income=Profit=0.071*revenue=$65028.9
EPS=Net Income/Total shareholding=$1.445
P/E=Price/EPS=19.38.
Basic StatisticsName the type of measurement scale (whether NOMI.pdf
The document discusses different types of measurement scales used in statistics: nominal, ratio, ordinal, interval, and ratio scales. It provides a table with 5 columns asking to identify the type of measurement scale for each, with the answers being: 1) nominal, 2) ratio, 3) ratio, 4) ordinal, 5) ordinal.
Based on value line and number below i have too determine the time p.pdf
Based on value line and number below i have too determine the time period of the detailed
forcast for which good estimates are possible , and of the simplified forcast for the more distant
future. NIKE (NKE)corporation 2010-20141) Historical(2010-2014) 2)Near future(2015-2019)
and TRansition stage(2020-2024)
It has to work on1) ROE- 2b(ploback)3) g(growth rate)
Historicla
Year
2010
2011
2012
2013
2014
ROE
0.196
0.217
0.214
0.222
0.249
b
0.144
0.160
0.155
0.158
0.175
g
2.82%
3.47%
3.32%
3.50%
4.35%
Year
2010
2011
2012
2013
2014
ROE
0.196
0.217
0.214
0.222
0.249
b
0.144
0.160
0.155
0.158
0.175
g
2.82%
3.47%
3.32%
3.50%
4.35%
Near Future
Year
2015
2016
2017
2018
2019
ROE
0.258
0.255
0.305
0.355
0.310
b
0.220
0.220
0.220
0.220
0.220
g
5.68%
5.61%
6.71%
7.81%
6.82%
Transition Stage
Year
2020
2021
2022
2023
2024
ROE
0.291
0.272
0.253
0.234
0.215
b
0.216
0.211
0.207
0.202
0.198
g
6.27%
5.74%
5.22%
4.73%
4.25%
Year
2010
2011
2012
2013
2014
ROE
0.196
0.217
0.214
0.222
0.249
b
0.144
0.160
0.155
0.158
0.175
g
2.82%
3.47%
3.32%
3.50%
4.35%
Solution
1. ROE is the Return On Equity, ie it is the return on the investents made by the business, Given
the informaton and the concern that which year would give NKE corporation the best ROE. is
the year 2018. Since it has the highest ROE of .355 %
2.Ploughback Period: It is the peroid taken by business to break even, period from which it
would start generating profit. Thus based on the data above, 2010 has the best plouback period ,
best here is the least in numerical terms, that means it would only take .144 yrs to start
generating profit.
3.Best growth rate is in the year 2018..
Based on the point above that is about the difference between cohesi.pdf
Based on the point above that is about the difference between cohesive soil and cohesionless
soil.Can you write an essay of 300 words about the difference between cohesive soil and
cohesionless soil based on the point above and any relevent point to the subject of the essay.Can
you write your answer neatly so that I can see and understand it easily. sive soil Fine silt Cla(
exhibit platicity -high poros low permeabili Date Cohesionless 8Sil No. Course d O .06 mm)
Sand ravel not exhibit pla hcity Low Orosi high bi li
Solution
Soil can be classified on the basis of their property to hold or not to hold together. The soil in
which the particles stick together is called cohesive soil such as clay and the soil where the
particles do not adhere to each other are called cohesion less soil such as sand. There are many
factors which can differentiate cohesive soil from cohesion less soil. They are:
1.Particle size- While the particle size of cohesive soil range from 0.06 mm to less than 0.002
mm, the particle size of cohesion less soil range from 0.0 6mm to 200mm. Thus, cohesive soil is
called fine-grained and cohesion less soil is called coarse-grained.
2.Porosity- Cohesive soils tend to hold moisture and show high porosity. This is because their
low sized microscopic particles compact together to create micro pores where water can fill in
and stay as clay particles have affinity towards water molecules. On the other hand, cohesion less
soil show lower porosity as water cannot retain in larger sized pores and flows away through
connected pores.
3.Permeability- Cohesive soils exhibit lower permeability compared to cohesion less soil because
their pores are not interconnected unlike the pores of cohesion less soil; and are too small to
allow the retained water to flow quickly under gravity.
4.Erodibility- Cohesive soils are less erodible compared to cohesion less soil because of the high
cohesive forces acting between the soil particles.
5.Plasticity- Cohesive soils show high plasticity (at a particular moisture content called Plastic
Limit), i.e. they retain the shape change without cracking after removal of the force applied. This
occurs due to the molecular plate-like structure in cohesive soil which slide over each other in
presence of water. Absence of such molecular structure in cohesion less soils make them less
plastic.
6.Examples- Cohesive soil- Clay, silt Cohesionless soil- Sand, gravel..
Based on the income and the statements of cash flows from 2011 throu.pdf
Based on the income and the statements of cash flows from 2011 through 2015, did Mr. Martin
have positive net income an cash flow? Please show all work.
Background
MartinCo is a small company that has been in the Martin family for several generations. In 2010,
Mr. Martin added a new business line selling an exclusive and unique image processing sensor
that he had developed. For the last years, the business unit had done quite well, exceeding Mr.
Martin’ and the Board of Director’s expectations. Given that MartinCo had never worked in the
image processing industry, the project had originally been viewed as extremely risky with
several of the board members recommending against it. Even so, the project had prevailed and
the business unit had done well.
Recently, Mr. Martin had received inquiries from a major Photography and Imaging firm
(Canikon, Inc.) to exclusively use his image processing sensor or to purchase the rights to the
sensor outright with the intent of getting a larger manufacturer to produce the product. Mr.
Martin is faced with a dilemma. Should he choose to keep the rights to his product, he will have
to ramp up production to meet the demands of Canikon. Alternatively, should Mr. Martin
chooses not to expand his image processing business unit to meet Canikon\'s propositions,
Canikon could independently develop a similar sensor and cut him out of the market altogether.
Mr. Martin is loath to give up the rights to his designs and brand and realizes that he might have
to do so if the numbers don’t fall out well for his product.
Mr. Martin wants to compile a report for the business unit that will give him some insight into its
present operation and potentially a better understanding of whether an expansion would be a
feasible undertaking.
A big concern that Mr. Martin has is that Canikon intends to, and would be able to significantly
underprice his present product and cost structure. Canikon is currently a leading distributor in the
Photography and Imaging industry. Hence, the company has the ability to source a larger
manufacturer to produce a similar type of sensor and would able to bring economies of scale to
bear that Mr. Martin would have difficulty achieving.
------------------------------------------
Product Development and Initial investments
Mr. Martin invested significant time and expense in the development of his unique Image
Processing Sensor. He went through extensive development, testing, consumer feedback,
promotional giveaways and effort before proposing the product and business line to the board
members. All in all he had produced one hundred and fifty units before even having a fully
functional production line. Mr. Martin presented his ideas to the board at the 2nd quarter Board
of Directors meeting of 2010. Although there was some hesitation, the Board of Directors
approved the project and expected the purchase of equipment to be finalized with plans to have
the sensors to run off the lines and delivered to the dis.
Based on the ANOVA table output from multiple regression, the correc.pdf
Based on the ANOVA table output from multiple regression, the correct notation of the null
hypothesis being tested is Ho:B1= B2= 0.
Solution
here we are testing Hypothesis for equality of means so
Ho= u1-u2=0
so ans is false.
Based on the Case Study Dell Inc. Changing the Business Model C.pdf
Based on the Case Study \"Dell Inc.: Changing the Business Model\" Case 32, starting on page
32-1, complete the following requirements:
Write a complete synopsis
Using the Week 1 Addendum, identify their resources, capabilities, and core competencies
Write one finding of fact, with a fully justified recommendation/justification
Comment on classmates\' and instructor\'s postings.
I need it broken down by sections
1 finding of fact
synopsis
resources
capabilities
core competencies
recommendations
Solution
Dell used a contrarian model of business for a consumer durable by bypassing the traditional
distribution channel and by having low inventories and thus lower carrying cost.
It built strong relationship with the suppliers and customers and was able to cut costs of the
distribution channel.
When Dell entered the market that was an era of high growth of PCs (1980s) and therefore the
competition per se was not daunting enough and the contrarian model did wonders to make Dell
the largest PC manufacturer in the 1990s. Used low cost to penetrate the market when the market
itself was in the growth phase.
However this is not a model that could be sustained in the long run. Distribution channel
especially for consumer goods is vital. Dell should have recognized the fact that there was the
concept of PLC (product life cycle) to encounter into the future when the markets would mature.
The \'push\' and the \'pull\' of the distribution channel was not there to support Dell\'s product in
the maturing markets in the US. At the same time other low cost players with brand image
started to surface. Along with this there was a clawing back of the markets by the big players like
Apple. In this period (mid 2000) the household market was in the growth phase. Dell was not
focused on this market either. Hence Dell lost out on its sheen of a low cost manufacturer
because the markets had matured, there were other players with low cost products and it missed
out on market penetration with low cost in the growth market of households in the mid 2000.
Dell could have been there for the long haul as a major player had it used the traditional
strategies of marketing for consumer durables - had it applied the strategies deployed according
to the phase of the market the product is in (as per the PLC concept) instead of just relying on
low cost alone..
Based on HCM, what are the factors that effect capacity and delay fo.pdf
Based on HCM, what are the factors that effect capacity and delay for 2 lane highways,
signalized intersections, unsignalized intersections, and diverge section of a freeway?
Solution
Location Transportation network characteristics Intersection geometry User characteristics.
Based on a previous study, in 2005, 50 of all AmericanSolution.pdf
Based on a previous study, in 2005, 50% of all American
Solution
Given n=150, p=0.5
mean=n*p=150*0.5=75
s=?n*p*(1-p)=sqrt(150*0.5*0.5)= 6.12
So the probability is
P(X>84)=P((X-mean)/s >(84-75)/6.12)
=P(Z>1.47)
=0.0708 (check standard normal table).
Barry and his wife Mary have accumulated over $3 million during thei.pdf
Barry and his wife Mary have accumulated over $3 million during their 50 years of marriage.
They have two children and four grandchildren.
How much money can they gift to their children in 2014 without any gift tax liability?
Solution
accumulated over $4 million during their 45 years of marriage
Barry and Mary can give $208,000 to their children and grandchildren in 2014..
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Accounting for Restricted Grants When and How To Record Properly
Based on information Journal Entries below and using the Phase 2 Exc.pdf
- 1. Based on information Journal Entries below and using the Phase 2 Excel template provided, prepare applicable closing entries, and prepare, in good form, a 2015 Balance Sheet and a 2015 Statement of Revenues, Expenditures, and Changes in Fund balance. Note: Outstanding encumbrances at year end are classified as Assigned Fund Balance and all remaining net resources are classified as Unassigned Fund Balance.Journal EntryReferenceAccount TitlesDebitsCreditsa)Estimated Revenues Control11,250,000Appropriations Control9,300,000Estimated Other Financing Uses Control - Tranfers Out1,700,000Budgetary Fund Balance250,0001)Encumbrances Control (Prior Year)17,000Budgetary Fund Balance - Reserve for Encumbrances17,0002)Deferred Inflows - Property Taxes21,000Revenues Control21,0003)Taxes Receivable - Current6,800,000Estimated Uncollectible Current Taxes136,000Revenues Control6,664,0004)Cash500,000Tax Anticipation Notes Payable500,0005)Budgetary Fund Balance - Reserve for Encumbrances17,000Encumbrances Control17,000Expenditures Control16,600Accounts Payable16,6006)Accounts Payable115,600Due to Other Funds27,000Cash142,6007)Cash10,811,500Interest and penalties receivable3,500Taxes Receivable – Current6,400,000Due from State210,000Revenues from licenses and permits800,000Sales Tax Receivable - current2,890,000Misc Revenues350,000Taxes Receivable –158,0008)Encumbrances3,465,000Fund Balance Reserved for Encumbrances3,465,0009)Expenditures5,070,000Federal Income Tax Withheld498,000FICA Contribution357,000Cash4,215,00010)Due to Federal Government385,000FICA Contribution (City's Part)357,000State unemployment taxes28,00011)Fund Balance Reserved for Encumbrances3,375,300Expenditures3,375,300Encumbrances3,375,300Accounts Payable3,375,30012)Tax Anticipation Notes Payable500,000Expenditure18,000Cash518,00013)Estimated Fund332,000Unreserved fund balance332,00014)Expenditures350,200Water and Sewer37,000Stores and Services Fund313,200Stores and Services Fund310,000Cash310,00015)Sales Tax Receivable52,000Revenue52,00016)Accounts Contract Payable3,015,000Cash3,015,000Federal Income Tax Withheld498,000FICA Contribution357,000FICA Contribution (City's Part)357,000State unemployment taxes28,000Cash1,240,00017)Estimated Revenue73,000Fund for Appropriations (Budgetary Fund)139,000Appropriations212,00018)Property Taxes Receivable- Delinquent51,000Interest and penalties receivable on taxes - Delinquent1,600Property Tax Receivable51,000Interest and penalties receivable on taxes1,60019)Interest and penalties receivable on taxes17,200Estimated Uncollectable Taxes1,100Revenue16,10020)Deferred Revenue (Estimated Revenue)27,500Tax Receivable27,500
- 2. Solution