Preparation of journal entries for a number of transactions Prepare journal entries for the following transactions for the City of Riverview, ID. a. The City Council approved its budget for the year for estimated revenues of $3,700,000 and appropriations of $3,500,000. b. Revenues received in cash amounted to $3,600,000 for the year. c. The City issues $500,000 of purchase orders. d. Received part of the goods ordered in Part c that were expected to cost $450,000 along with an invoice of $445,000. The remaining $50,000 of purchase orders are still outstanding and unpaid at year-end. e. The City paid $2,000,000 of wages to City employees during the year. These wages were not evidenced by a formal encumbrance since they are recurring in nature.

The next dividend payment by savitz, inc., will be $2.08 per share. the dividends are anticipated to maintain a growth rate of 6 percent forever. if the stock currently sells for $42 per share, what is the required return?

1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84

Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.