In: Civil Engineering
|
The county collector of Suncoast County is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. To reimburse the county for estimated administrative expenses of operating the tax agency fund, the agency fund deducts 3.5 percent from the collections for the town, the school district, and the other towns. The total amount deducted is added to the collections for the county and remitted to the Suncoast County General Fund. |
| The following events occurred in 2017: |
| 1. | Current-year tax levies to be collected by the agency were: |
| County General Fund | $ | 10,533,000 | |
| Town of Bayshore General Fund | 4,940,000 | ||
| Suncoast County Consolidated School District | 6,650,000 | ||
| Other towns | 3,320,000 | ||
| Total | $ | 25,443,000 | |
| 2. | $13,900,000 of current taxes was collected during the first half of 2017. |
| 3. |
Liabilities to all funds and governments as a result of the first half-year collections were recorded. (A schedule of amounts collected for each participant, showing the amount withheld for the county General Fund and net amounts due the participants, is recommended for determining amounts to be recorded for this transaction.) |
| 4. | All cash in the tax agency fund was distributed. |
5.
Required information
| Required | |
| a. |
Prepare journal entries for each of the foregoing transactions that affected the tax agency fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) |
6.
Required information
| b. |
Prepare journal entries for each of the foregoing transactions that affected the Suncoast County General Fund. Begin with the tax levy entry, assuming 4 percent of the gross levy will be uncollectible. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) |
7.
Required information
| c. |
Prepare journal entries for each of the foregoing entries that affected the Town of Bayshore General Fund. Begin with the tax levy entry, assuming 2 percent of the gross levy will be uncollectible. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) |
8.
Required information
| d. | Which financial statements would be prepared by the tax agency fund? (Select all that apply.) |
In: Accounting
Think back to your home town (or a town that you know well), and write about what your town was like 5-6 years before the Great Recession of 2008, what occurred during the recession and what it is like today. Make note of economic activity, town budget issues, conditions in the community, and issues that have affected your friends and your family. Compare and contrast these time periods.
In: Economics
Suppose the probabilities of having a boy or a girl child are the same—both are 50%. Answer the following questions about a couple that has two children, showing any calculations.
a. What is the probability that the couple has two girls?
b. The eldest of the two children is a girl. Given this, what is the probability that the couple has two girls?
c. At least one of the children is a girl. What is the probability that the couple has two girls?
Your answers to a, b, and c should all be different numbers. Explain why each is different from the others. (Hint: (b) specifies that the older child is a girl, while (c) simply states that one of the two children is a girl without indicating whether it’s the older or younger child.)
In: Statistics and Probability
Thoughts on globalization beyond 2020 (300 words)
videos:
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In: Economics
Compare and contrast the characteristics of economic growth in the High-Performance Asian Economies (HPAE) with the characteristics in Latin America. (Please write more than one page on word font 12.)
In: Economics
Discuss the extent to which US policy in Latin America in the late-nineteenth century and the first half of the twentieth century was representative of the tendency toward globalization and discuss the kind of globalization it represented.
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The New Zealand Government’s $50 billion Covid-19 Recovery Budget has been described as the “biggest spending package in history” (by the New Zealand Herald). Explain, with reference to the determinants of productivity, what impact each of the following policies will have on Economic Growth:
i. “Shovel-ready” projects: $3 billion has been allocated to infrastructure projects such as waterways, transport, clean energy and buildings.
ii. Free tertiary training: $1.6 billion has been allocated to provide free tertiary training courses in building, agriculture and manufacturing.
iii. School lunch program: $220 million has been allocated to expand the free school lunch program to ensure more school children who may be experiencing food insecurity are fed during school hours.
word count - 500 words max
In: Economics
Malaysia's economy used in the 1990s this is no longer the case . what exactly happened to their economy. i need an answer in large details
In: Economics
what role did increasing labor force participation among married women play in the welfare reform movement of the 1990s?
In: Psychology