Business, 26.03.2020 04:34 davgre1271
On July 1, 2017, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $3,200,000. The county estimated that 5% of the taxes levied would be uncollectible. As of April 30, 2018, the due for all property taxes, the county had collected $2,950,000 in taxes. The county imposed penalties and interest in the amount of $13,500, but only expects to collect $12,300 of that amount. At the end of the fiscal year the county had collected $48,000 in delinquent taxes and $3,800 in interest and penalities on the delinquent taxes.
B. Show subsidiary detail for the Revenue ledger.
Year Account Title Est. Revenues Dr(CR) Revenues Cr(Dr)
July 1, 2017 Property Taxes
July 1, 2017 Intergovernmental Revenues
July 1, 2017 Licenses and Permits
July 1, 2017 Fines and Forfeits
July 1, 2017 Miscellaneouse Revenues
Answers: 2
Business, 22.06.2019 00:00
Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.
Answers: 1
Business, 22.06.2019 01:30
At the end of the week, carla receives her paycheck and goes directly to the bank after work to make a deposit into her savings account. the bank keeps the required reserve and then loans out the remaining balance to a qualified borrower named malik as a portion of his small business loan. malik uses the loan to buy a tractor for his construction business and makes small monthly payments to the bank to payback the principal balance plus interest on the loan. the bank profits from a portion of the interest payment received and also passes some of the interest back to carla in the form of an interest payment to her savings account. in this example, the bank is acting
Answers: 1
Business, 22.06.2019 14:40
In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u.s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?
Answers: 3
Business, 22.06.2019 21:30
What term is used to describe the outsourcing of logistics? a. shipper managed inventoryb. hollow logistics(smi)c. sub-logisticsd. e-logisticse. third-party logistics (3pl)
Answers: 1
On July 1, 2017, the beginning of its fiscal year, Ridgedale County recorded gross property tax levi...
English, 26.01.2021 05:20
Law, 26.01.2021 05:20
English, 26.01.2021 05:20
Mathematics, 26.01.2021 05:20
Mathematics, 26.01.2021 05:20
Arts, 26.01.2021 05:20