Prepare the budgetary entry

Assignment Help Accounting Basics
Reference no: EM131711395

Question - King City has budgeted the following General Fund revenues and appropriations for the fiscal year 2002.

Estimated Revenues:

Taxes                                                 $6,000,000

Licenses and Permits                            1,200,000

Fines and Forfeits                                 400,000

Intergovernmental Revenues                2,000,000

Total Estimates Revenues                     $9,600.00

Appropriations

General Administration                         $1,700,000

Police                                                 2,000,000

Fire                                                    2,300,000

Health and Welfare                              1,800,000

Public Works                                       1,900,000

Total Appropriations                            $9,700,000

Prepare the budgetary entry.

Reference no: EM131711395

Questions Cloud

Discuss about the agency formation and duties : Discuss the Course topic:agency formation and duties,agency liability to third parties and termination,partnershios and limited liability partnership.
What should be the current price of a share of stock : What should be the current price of a share of stock if a $5 dividend was just paid, the stock has a required return of 20%, and a constant dividend growth rate
Discuss was the message well timed : Was the message well timed. Did the sender choose appropriate medium and channel for message
Explain why researchers do not use random samples : Explain why researchers do not use random samples. How are they able to generalize their results?
Prepare the budgetary entry : Question - King City has budgeted the following General Fund revenues and appropriations for the fiscal year 2002. Prepare the budgetary entry
What is the expected price of the stock of company : What is the expected price of the stock of Company A if the Cost of capital is 6% and next years dividend is $2.65?
Approximate expected price of a stock : What would be the approximate expected price of a stock when dividends are expected to grow at a 25% rate for 3 years
What is name of standard deviation of sampling distribution : Write the steps needed to construct an empirical sampling distribution of the range. What is the name of the standard deviation of this sampling distribution?
What does the essay the modest proposal state : What does the essay the modest proposal state about how capitalism deals with its problems

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd