Questions
In order to get a good rating, please explain how you arrived at each answer. Thank...

In order to get a good rating, please explain how you arrived at each answer. Thank you.

P. 9-1

Enterprise funds are accounted for like comparable businesses; nevertheless, they have their quirks.

The Green Hills Water District was established on January 1 to provide water service to a suburban development. It accounts for its operations in a single enterprise fund. During the year it engaged in the following transactions:

  1. It issued $6,000,000 of revenue bonds.
  2. For $4,500,000, it purchased the plant and equipment of the private water company that previously served the area.
  3. It incurred $500,000 in costs to improve and expand its plant and equipment.
  4. It billed customers for $1.8 million, of which it collected $1.5 million.
  5. It billed and collected $200,000 in tap connection fees from developers. The actual cost of the hookups (paid in cash) was $140,000.
  6. It incurred the following operating costs (all paid in cash):
  • Purchases of water, $850,000
  • Labor and contract services, $320,000
  • Interest, $80,00
  • Supplies and miscellaneous, $60,000
  1. It recognized depreciation of $350,000 on its capital assets.
  1. Prepare journal entries to record the transactions.
  2. Prepare a year-end statement of revenues, expenses, and changes in net position.
  3. Prepare a year-end balance sheet.
  4. In some jurisdictions, water districts may account for their operations entirely in an enterprise fund or in several funds, as if they were full-service governments. If a water district chose the latter, then it would report all revenues and operating expenditures in its general fund, and it would maintain other funds as appropriate. Describe briefly how the financial statements of the Green Hills Water District would differ if it chose to prepare its financial statements as if it were a full-service government. Be specific (note changes in capital assets, long-term debt, etc.).

In: Accounting

Does it still make sense to you to start counting people as either in or out...

Does it still make sense to you to start counting people as either in or out of the labor force at 16 years old, or do you think this age is unrealistic in our modern society?

In: Economics

You are handed a rod that is three times as dense on one end as it...

You are handed a rod that is three times as dense on one end as it is on the other end. Find the moment of inertia when the axis of rotation is about the heavy end, and find the moment of inertia when the axis of rotation is about the light end.

In: Physics

A 1025 car and a 2150 pickup truck approach a curve on the expressway that has...

A 1025 car and a 2150 pickup truck approach a curve on the expressway that has a radius of 246 m. At what angle should the highway engineer bank this curve so that vehicles traveling at 71.9 mph can safely round it regardless of the condition of their tires? Should the heavy truck go slower than the lighter car? As the car rounds the curve at 71.9 mph, find the normal force on the car due to the highway surface. As the truck rounds the curve at 71.9 mph, find the normal force on the truck due to the highway surface.

In: Physics

Physical chemistry . The osmotic of an aqueous solution at 351 K is 94 kPa and...

Physical chemistry

. The osmotic of an aqueous solution at 351 K is 94 kPa and a density of 1,152 g/mL. Calculate the freezing point (in C) of the solution. The Kf for water is 1.86oC/m.

In: Chemistry

True or False. Explain Briefly. (9). If L1 and L2 are not in D, then L1...

True or False. Explain Briefly.

(9). If L1 and L2 are not in D, then L1 - L2 cannot be regular.

(10). If L1 and L2 are not in D, then L1 union L2 cannot be in D.

(11). Every infinite language has a subset that is not in D.

(12). If not H were in D then every SD language would be in D.

In: Computer Science

Write a case study involving a bacterial infection of the circulatory and lymphatic system. Identify the...

Write a case study involving a bacterial infection of the circulatory and lymphatic system. Identify the causative organism, name of disease, and put any relevant symptoms in ALL CAPS.

In: Biology

Step 1: Perform research to find at least two articles on the following topic: “The effects...

Step 1:

Perform research to find at least two articles on the following topic: “The effects of climate change on polar bear populations”. You must find one article based on primary research and one based on secondary research. After reviewing the articles, recreate and complete the table below which you will submit for feedback.

Article 1 Article 2
Source
Purpose of the periodical
(news website, newspaper, journal)
Type of source: primary or secondary?
Type of article: scholarly or non-scholarly
Type of language used in article (describe)
Intended audience - who is the article written for?
Main point or main message of the article
How does the title catch attention?
Does it accurately depict the main message?
List any opinions stated in the article.
(Who’s opinion are they?)
How many authors?
How many people interviewed in the article
(not applicable if this is original research)
How many sources listed in the bibliography or sources list?

Step 2:

Write a 1-paragraph summary of the comparison. Which one is the primary source? How are primary and secondary sources different from each other? Similar to each other? How can you tell which is which? You will submit this paragraph for feedback.

In: Biology

How did Franklin Roosevelt seek to pull the U.S. out of the Great Depression? To what...

How did Franklin Roosevelt seek to pull the U.S. out of the Great Depression? To what extent did his policies work?

In: Economics

How did Hubble show the nebulae are separate island universes? Which types of galaxies have the...

  1. How did Hubble show the nebulae are separate island universes?
  2. Which types of galaxies have the large amount of star formation, spirals or ellipticals? Why is this the case?
  3. What is the evidence for black holes in the centers of galaxies?
  4. If H=70km/s/Mpc and a galaxy is receding at 10000 km/s, how far away is it? Show your work.
  5. Why do we see only bright spirals and ellipticals in distant clusters of galaxies? Is this really all the galaxies in these clusters?

In: Physics

Question 1) Identify the type of bad smells and refactor the given code. 1. Code 1:...

Question 1) Identify the type of bad smells and refactor the given code.

1. Code 1:

public double sumSquaresArea ( L1, L2 )

{

area1 = smallSquareArea(L1);

area2 = bigSquareArea(L2);

return area1+area2

}

public double smallSquareArea ( L1)

{

area = L1 * L1;

return area;

}

public double bigSquareArea ( L2 )

{

area = L2 * L2;

return area;

}

2. Code 2:

class Student

{

private string name;

public void getStudentMarks ( );

}

class Course_Marks

{

private int course_id;

private string semester;

public void getStudentMarks ( );

}

3. Code 3:

public void accountInfo(string account_title, string account_number, string account_type)

{

// Generate Monthly Statement

if(account_type == “Current”)

{

// do something

}

else if (account_type == “Saving”)

{

// do something

}

else

{

//do something

}

  

//Account information

System.out.println(“***** Account Information *****”);

System.out.println(“Account_Title : ” , account_title);

System.out.println(“Account Number : ” , account_number);

System.out.println(“Account_Type : ” , account_type);

System.out.println(“Monthly Statement : ”, monthly_statement );

}

In: Computer Science

Reply to this comment ROA (Return on assets) is a rate that measures the net income...

Reply to this comment

ROA (Return on assets) is a rate that measures the net income compared to the total assets. In other words, it shows how much the company is generating for each dollar invested. It is helpful to compare the results of the companies in the market. A company can be very lucrative, but not efficient. It can demand too much investment to obtain that profit.

The ROE (Return on equity) is very similar to ROA, but it includes the debt of the company. It is calculated by dividing the Net Income by the Stakeholder's equity. Since the stakeholder's equity is the total assets minus the debt of the company, this index shows the return compared to the own capital of the company

In: Finance

a. Josiah Bartlett collects 2 goods, carving knives (C) and antique books (B). His utility function...

a. Josiah Bartlett collects 2 goods, carving knives (C) and antique books (B). His utility function is U(C, B) = 2C + B (they are perfect substitutes). Find Josiah’s demand curve for carving knives if he has $100 to spend and the price of antique books is $10.

b. Josiah's assistant Charlie collects the same two goods but has a different utility function: U(C, B) = min{2C, B} (they are perfect complements). Find Charlie’s demand curve for carving knives if he has $100 to spend and the price of antique books is $10.

In: Economics

Describe the characteristics of both the "classic" and the "microbial loop" portions of the food chain.

Describe the characteristics of both the "classic" and the "microbial loop" portions of the food chain.

In: Biology

150 words A healthy diet, are low carbohydrate diets good or bad for your health?

150 words

A healthy diet, are low carbohydrate diets good or bad for your health?

In: Biology