How do state and local government revenues and expenditures differ from those of the federal government?

State and local governments derive a large portion of their incomes from intergovernmental revenue, and unlike the federal government they both spend large portions of their money on education expenses.

State and local governments derive much of their incomes from entitlement programs, and unlike the federal government they both spend large portions of their money on highway and infrastructure maintenance.

State and local governments derive much of their incomes from appropriations bills, and unlike the federal government they both spend large portions of their money on sales taxes and property taxes.

State and local governments derive much of their incomes from citizen subsidies, and unlike the federal government they both spend large portions of their money on intergovernmental revenue.

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?