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The following information is extracted from the General Fund column of a city fund financial statements. Compute the city budgetary cushion. Based on your computation and the textbook discussion of the budgetary cushion rule of thumb, assess the city ability to withstand a potential near term economic contraction.Fund balance: Nonspendable.......... $ 85,392Unassigned ................. 423,185Total fund balance ............... $ 508,577Revenues: Property taxes ............ $ 12,480,500Sales taxes .................. 14,325,700Other revenues ................. 1,683,800Total revenues ................. $ 28,490,000
the fiscal year ends december 31 for lake hamilton development. to provide funding for its moonlight bay project lhd
pam owns a personal use boat that has a fair market value of 35000 and an adjusted basis of 45000. pams agi is 100000.
the gross earnings of the factory workers for vargas company during the month of january are 66100. the employers
Determine the account balance on July 1 and During April, cash receipts totaled $279,100 and the April 30 balance was $13,200. Determine the cash payments made during April.
When property is transferred, the gift tax is based on:
Cruz Company uses LIFO for inventory costing and reports following financial data. It as well recomputed inventory and cost of goods sold using FIFO for comparison purposes.
at the beginning of the period the cutting department budgeted direct labor of 134959 direct material of 155696 and
On April 1, 2003, Penny Corporation sells land to its 60%-owned subsidiary, Sahl Corporation, at a $15,000 gain. The land is still held by Sahl on December 31, 2003. What is the effect of the intercompany sale of land on consolidated net income?
corio corporation reports that at an activity level of 2900 units its total variable cost is 139722 and its total fixed
the lowery co. uses the direct write-off method of accounting for uncollectible accounts receivable. lowery has a
atlantic airlines is considering these two alternatives for financing the purchase of a fleet of airplanes.1.issue
sahara desert homes sdh reports under ifrs and constructed a new subdivision during 2008 and 2009 under contract with
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