subject
Business, 25.04.2020 01:06 genyjoannerubiera

At the beginning of 2020, the balance sheet of a county general fund reports $500,000 in property taxes receivable from 2019, of which $350,000 are considered uncollectible. During 2020 the county sends out tax bills in the amount of $10,000,000, of which $600,000 are expected to be uncollectible. Cash collections on 2019 taxes are $140,000, and the remaining uncollected taxes are written off. Cash collections on 2020 taxes are $9,500,000. Of the $500,000 uncollected at the end of 2020, $100,000 are expected to be collected within 60 days, $65,000 are expected to be collected more than 60 days after year-end, and the rest are uncollectible. What are total property tax revenues for 2020, related to 2020 tax bills?A. $ 9,600,000B. $ 9,500,000C. $10,000,000D. $ 9,400,000

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 17:40
Which of the following is the least risky? collectables stock savings bond savings account
Answers: 2
question
Business, 22.06.2019 08:10
What are the period and vertical shift of the cosecant function below? period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up?
Answers: 3
question
Business, 22.06.2019 12:50
You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400
Answers: 3
question
Business, 22.06.2019 21:50
Which three of the following expenses can student aid recover? -tuition -television -school supplies -parties and socializing -boarding/housing
Answers: 2
You know the right answer?
At the beginning of 2020, the balance sheet of a county general fund reports $500,000 in property ta...
Questions
question
Chemistry, 12.12.2020 16:40
question
English, 12.12.2020 16:40
question
Chemistry, 12.12.2020 16:40
question
Mathematics, 12.12.2020 16:40
Questions on the website: 13722362