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The city of Jackson adopted the following General Fund budget for fiscal year 2014:Estimated revenues:Taxes $3,000,000Intergovernmental revenues 1,000,000Licenses and permits 400,000Fines and forfeits 150,000Miscellaneous revenues 100,000Total estimated revenues $4,650,000Appropriations:General government $1,000,000Public safety 2,000,000Public works 950,000Health and welfare 850,000Miscellaneous 50,000Total appropriations $4,850,000Required:a. Assuming that a city ordinance mandates a balanced budget, what must be the minimum amount in the Fund Balance-Unassigned account of the General Fund at the beginning of FY 2014? (Note: the city has no restricted, committed or assigned fund balances.)b. Prepare the general journal entries to record the adopted budget at the beginning of FY 2014. Show entries in the subsidiary ledger accounts as well as the general ledger accounts.
Wilson Company's activity for the first six of the current year, Using the high-low method, Evaluate the fixed portion of the electrical cost each month
Evaluate the cut off score for gaining admission and evaluate the probability that they have a mean height greater than 63.0 in.
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Discuss several career opportunities available to students who combine a study of accounting with course work in AISs, information systems, and/or computer science. Can you think of other jobs where these skill sets would be desirable?
What observations can you draw by examining the break-even point of each firm given that they earned an equal amount of operating income on identical sales volumes in 2010?
Find what is the Year three cash flow if Brisbane keeps using its current system and what is the Year 3 cash flow if Brisbane replaces its current system?
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Determine the 2004 ROI for each division and Rashid, manager of Division A, is supposing a proposal to invest 250 million rials for modern equipment.
Calculate the contribution margin for each pet house and calculate the monthly break-even units for each pet house. Ignore the sales commission for this computation.
Prepare the Balance sheet and average cost
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