Business, 10.03.2020 19:13 christianskyy7074

The town council of Riverside estimated revenues for 2017 to be $685,000 from property taxes and $165,000 from business licenses. The appropriations budget from the council was as follows:

General government $ 370,000
Parks and recreation 110,000
Sanitation 90,000
Streets and sidewalks 160,000

In April, heavy spring rains caused some flooding near the river. As a result, a picnic area at River’s Edge Park was ruined and several damaged shops had to shut down. The council adopted an upward revision of $25,000 for the parks and recreation budget and reduced the estimated revenues from business licenses by $20,000.
The General Fund began the year with a balance of $49,000. During the year, tax collections totaled $687,500 and revenues from business licenses were $144,000. Expenditures were $365,000 for general government, $134,500 for parks and recreation, $91,600 for sanitation, and $157,333 for streets and sidewalks. There are no outstanding encumbrances at year-end.

Required:
Prepare a budgetary comparison schedule for the General Fund for 2017

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 21:00

Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold.required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.

Answers: 1

Answer

Business, 23.06.2019 04:40

2. a computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000, and an estimated useful life of five years. determine the second year’s depreciation expense using the straight-line method.

Answers: 3

Answer

Business, 23.06.2019 14:30

List the four stages of ability development. provide an example of a person developing a specific ability. what would each stage look like? career planing

Answers: 1

Answer

Business, 23.06.2019 14:30

Each container is cut from the mould once the plastic has cooled and hardened. unit-level 2 patents are obtained for each new type of container mould. facility-level 3. plastic resins are used as the main direct material for the containers. product-level 4. a plant manager oversees the entire manufacturing operation. facility-level 5. the sales force incurs travel expenses to attend various trade shows throughout the country to market the containers. product-level 6. each container product line has a product line manager. product-level 7 the extrusion machine is calibrated for each batch of containers made. facility-level 8. each type of container has its own unique moulds. unit-level 9. routine maintenance is performed on the extrusion machines. facility-level 10. rent is paid for the building that houses the manufacturing processes. classify each activity as either unit-level, batch-level, product-level, or facility-level.

Answers: 3

Answer

You know the right answer?

The town council of Riverside estimated revenues for 2017 to be $685,000 from property taxes and $16...

Questions