The Town of Brown has the following financial transactions:

1. The town council adopts an annual budget for the general fund estimating general revenues of $2.0 million, approved expenditures of $1.6 million, approved transfers pf $150,000.

2. The town levies property taxes of $1.5 million. It expects to collect all but 4% of these taxes during the year. Of the levied amount, $50,000 will be collected next year but after more than 60 days.

3. The town orders three new police cars at an approximate cost of $120,000.

4. A transfer of $60,000 is made from the general fund to the debt service fund.

5. The town makes a payment on a bond payable of $50,000 along with $15,000 of interest using the money previously set aside.

6. The Town of Brown issues a $3 million bond at face value in hopes of acquiring a building to convert into a high school.

7. The two police cars are received with an invoice price of $115,000. The voucher has been approved and will not be paid for three weeks.

8. The town purchases the building for the high school for $2.5 million in cash and immediately begins renovating it.

9. Depreciation on the new police cars is computed at $35,000 for the period.

10. The town borrows $120,000 on a 30-day-tax anticipation note.

11. The Town of Brown begins a special assessment curbing project. The government issues $900,000 in notes at face value to finance this project. The town has guaranteed the debt if the assessments collected do not cover the entire balance.

12. A contractor completes the curbing project and is paid $900,000 as agreed.

13. The town assesses citizens $900,000 for the completed curbing project.

14. The town collects the special assessments of $900,000 in full and repays the debt plus $40,000 in interest.

15. The town receives a $20,000 cash grant from a regional charity to beautify a local park. The grant must be used to cover the specific costs that the town incurs.

16. The town spends the first $5,000 to beautify the park.

Question 1. – Please prepare journal entries for the town based on the production of fund financial statements.

Question 2 – Please prepare journal entries in anticipation of preparing government-wide financial statements.

Kevin Hall is interested in buying the stock of First National Bank. While the bank's management expects no growth in the near future, Kevin is attracted by the dividend income. Last year the bank paid a dividend of $6.12. If Kevin requires a return of 18.0 percent on such stocks, what is the maximum price he should be willing to pay for a share of the bank’s stock?

What is the name of the structure that blocks water from entering the root stele/vascular cylinder? And what is the purpose of the change to the route?

What are the three major pathways of material transport in plants and which pathway uses plasmodesmata?

How is large-scale irrigation affecting the world aquifers?

Is sucrose concentration within the phloem higher near the source or the sink?

A rectangular swimming pool has dimensions of 25 m x 9 m and a depth of 1.8 m and is full to the brim with water. Determine a) the absolute pressure at the bottom of the pool, b) the total force on the bottom of the pool, and c) the absolute pressure at point P, a point on the side of the pool just near the bottom. (Worth 2 pts)

1. Historically the gap in information has been one of the biggest advantages that players in the market have been able to take advantage of. With the Information channels that are available now, near real time information is available. Why is there still room in the market for players to be successful in the International financial markets?

2. How does arbitrage mitigate exposure?

What are the key sources of urban congestions and their effects on urban lives in the context of health and sustainability? As a part of solution suggested by many economists and policy experts suggested to significantly reduced the cars driving to cities. Why do you think that the limiting the cars to the metropolitan and cosmopolitan cities would be extremely difficult by city authorities in near future?

An antibiotic, which is also used as an anticancer drug, was isolated from Streptomycetes bacteria. Its elemental analysis gives the following composition (by weight):

%C 57.89

%H 6.87

%N 13.97

%O 21.27

The formula weight is found (in a seperate experiment) to be NEAR 1300g/mole. Determine the MOLECULAR FORMULA of the antibiotic. show ALL work.

HCN Is a weak acid that dissociates in water. Which statement is completely true?

a) HCN is the Bronsted-Lowry base in this problem

b) HCN is a conjugate acid in this problem

c) with a Ka value, HCN is a strong acid

d) CN^-1 ion is its conjugte base

e)HCN solutions have a pH value near 11

In the July 2017 FOMC meeting, governors and voting presidents of the Federal Reserve System agreed not to increase the federal funds rate target, but somewhat let the markets know that there could be a rise in the near future. How do you think that financial managers will react to this news? Which instruments can they use to hedge against a change in interest rates?