4-3 Project one

City of Smithville General Fund Operating statement account balances For year 2023                 Estimated Revenues Dr(Cr) Revenues Dr(Cr) Balance Dr(Cr)   Acct 3020/4020 Estimated Revenues-Property Taxes $1,877,413 $1,877,578 ($165)   Acct 3030/4030 Estimated Revenues-Sales Taxes 1,578,000 1,579,203 (1,203)   Acct 3040/4040 Estimated Revenues-Interest and Penalties on Taxes 15,000 12,571 2,429   Acct 3050/4050 Estimated Revenues-Licenses and Permits 500,000 497,960 2,040   Acct 3060/4060 Estimated Revenues-Fines and Forfeits 175,000 173,590 1,410   Acct 3070/4070 Estimated Revenues-Intergovernmental Revenue 789,000 789,000 0   Acct 3080/4080 Estimated Revenues-Charges for Services 659,720 661,253 (1,533)   Acct 3090/4090 Estimated Revenues-Miscellaneous Revenues 91,300 91,250 50                               Encumberances Dr(Cr) Expenditures Dr(Cr) Appropriations Cr(Dr) Available Balance Cr(Dr) Acct 5020 / 6020 / 7020 Appropriations-General…

Sh18 Please help me  Solution  Thankyou.

r 0 Chesterfield County had the following transactions. a. A budget is passed for all ongoing activities. Revenue is anticipated to be $1,023,250, with approved spending of $611,000 and operating transfers out of $336,000. Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does b. A contract is signed with a construction company to build a new central office building for the government at a cost of $9,000,000. The county previously recorded the budget for this project. c. Bonds are issued for $9,000,000 (face value) to finance construction of the new office building. d. The new building is completed. An invoice for $9,000,000 is received by the county and paid. e. Previously unrestricted cash of $1,600,000 is set aside by county officials to begin paying the bonds issued in (c). f. A portion of the bonds comes due, and $1,600,000 is paid. Of this total, $115,000 represents interest. The interest had not been previously accrued. g.…

Countywide Cable Services, Incorporated, is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Metro Suburban Service revenue $ 1,150,000 Variable expenses 190,000 $ 950,000 140,000 Controllable fixed expenses Fixed expenses controllable by others 410,000 220,000 330,000 190,000 Outlying $ 550,000 90,000 160,000 80,000 In addition to the expenses listed above, the company has $145,000 of common fixed expenses. Income-tax expense for the year is $345,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Incorporated. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INCORPORATED Segments of Company Countywide Cable Services Metro Suburban Outlying Segment contribution margin Profit margin controllable by segment manager Profit margin traceable to segment

Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Outlying $370,000 54,000 106,000 44,000 Metro Suburban $770,000 104,000 276,000 154,000 Service revenue $970,000 Variable expenses Controllable fixed expenses Fixed expenses controllable by others 154,000 356,000 184,000 In addition to the expenses listed above, the company has $55,000 of common fixed expenses. Income-tax expense for the year is $255,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments Company Countywide Cable Services Metro Suburban Outlying Segment contribution margin 0 $ 0 $ 2$ < Prev Nax 2 of 7 hulu

The following visualization shows the total sales and profits for each state in the USA where a company sells it goods. Based on principles discussed in the chapter, discuss three different ways the visualization could be changed to simplify its presentation.

Required information Exercise 6-4 and Exercise 6-5 (Algo) [The following information applies to the questions displayed below.] The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2020, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund. Accounts payable Accounts receivable Accrued interest payable Accumulated depreciation Administrative and selling expenses Allowance for uncollectible accounts Capital assets Cash Charges for sales and services Cost of sales and services Depreciation expense Due from General Fund Interest expense Interest revenue Transfer in from General Fund Bank note payable Supplies inventory Totals Exercise 6-4 (Algo) $ Debits 31,900 55,500 732,000 99,500 509,000 53,500 18, 200 41,400 Credits $ 117,000 35,100 53,500 13,900 579,000 6,200 128,500 628,500 20,700 $1,561,700 $1,561,700 Required: a. Prepare the closing entries for December 31. b. Prepare…

Countywide Cable Services, Incorporated, is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Sales Revenue $ 1,140,000 $ 940,000 $ 540,000 Variable expenses 188,000 138,000 88,000 Controllable fixed expenses 407,000 327,000 157,000 Fixed expenses controllable by others 218,000 188,000 78,000 In addition to the expenses listed above, the company has $140,000 of common fixed expenses. Income-tax expense for the year is $340,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Incorporated.

Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Metro Suburban Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others $970,000 154, 000 356,000 184,000 $770,000 104,000 276,000 154,000 Outlying $370,000 54,000 106,000 44,000 In addition to the expenses listed above, the company has $55,000 of common fixed expenses. Income-tax expense for the year is $255,000. ces Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments of Company Countywide Cable Services Outlying Metro Suburban Segment contribution margin < Prev 2 of 7 Next

The following Trial Balance is the financial details of West Municipal Assembly for the year ended 31 December, 2021. $ ’000 $ ’000 District Development Facility (DDF) 58,600 Special Sanitation Grant from Government 30,260 Share of Common fund 587,450 Property Rate (iii) 73,230 Funeral Rate 25,270 Salary Div 1 266,280 Commission to Revenue Collectors 15,790 Printing and Publication 66,110 Utility Bills 20,040 Conferences 14,580 Donations 80,770 Contract Retention 13,970 Market Tolls 25,550 Court Fines 109,400 Marriage and Divorce Registration 43,840 Telecommunication Cost 18,830 Repairs and Maintenance 9,720 Town Hall Meetings 64,890 Special Audit Fees 27,130 Travel and Transport 54,670 Revenue Receivable 208,570 Salary Div 2 315,090 Assembly Members Allowance 79,000 Consultancy Cost 4,750 Hawkers License 37,150 Chop bar License 85,600 Market stalls rent 31,590 Bungalow rent 20,750 Advertisement and Promotions 11,500 Office Consumables (1/1/2021) 18,290 Purchase of Office Consumable…

The following Trial Balance is the financial details of West Municipal Assembly for the year ended 31 December, 2021. $ ’000 $ ’000 District Development Facility (DDF) 58,600 Special Sanitation Grant from Government 30,260 Share of Common fund 587,450 Property Rate (iii) 73,230 Funeral Rate 25,270 Salary Div 1 266,280 Commission to Revenue Collectors 15,790 Printing and Publication 66,110 Utility Bills 20,040 Conferences 14,580 Donations 80,770 Contract Retention 13,970 Market Tolls 25,550 Court Fines 109,400 Marriage and Divorce Registration 43,840 Telecommunication Cost 18,830 Repairs and Maintenance 9,720 Town Hall Meetings 64,890 Special Audit Fees 27,130 Travel and Transport 54,670 Revenue Receivable 208,570 Salary Div 2 315,090 Assembly Members Allowance 79,000 Consultancy Cost 4,750 Hawkers License 37,150 Chop bar License 85,600 Market stalls rent 31,590 Bungalow rent 20,750 Advertisement and Promotions 11,500 Office Consumables (1/1/2021) 18,290 Purchase of Office Consumable…

The following Trial Balance is the financial details of West Municipal Assembly for the yearended 31 December, 2021 District Development Facility (DDF) $58,600 CreditSpecial Sanitation Grant from Government $30,260 CreditShare of Common Fund $587,450 CreditProperty Rate (ii) $73,230 CreditFuneral Rate $25,270 CreditSalary Div 1 $266,280 DebitCommission to Revenue Collectors $15,790 DebitPrinting and Publication $66,110 DebitUtility Bills $20,040 DebitConferences $14,580 DebitDonations $80,770 CreditContract Retention $13,970 CreditMarket Tolls $25,550 CreditCourt Fines $109,400 CreditMarriage and Divorce Registration $43,840 CreditTelecommunication Cost $18,830 DebitRepairs and Maintenance $9,720 DebitTown Hall Meetings $64,890 DebitSpecial Audit Fees $27,130 DebitTravel and Transport $54,670 DebitRevenue Receivable $208,570 DebitSalary Div 2 $315,090 DebitAssembly Members Allowance $79,000 DebitConsultancy Cost $4,750 DebitHawkers License $37,150 CreditChop bar License $85,600…

Analyze the statement of operations for the year 2020 and compare it with the year 2019. Identify and explain 5 of the most important issues. Shawanaga First Nation     Consolidated Statements of Operations and Accumulated Surplus     Year Ended March 31 2020 2019   Actual Actual Revenue     Government funding (Note 16) $8,669,075 $6,530,279 Sales 5,093,432 4,510,928 Rental and other 350,082 555,231 Interest 44,027 24,225 Loss on disposal of equipment -673,192 -17,344 Loss from investment in government business enterprise (note5) -117,480 -56,619         13,365,944 11,546,700 Expenses     Capital 152,153 143,708 Community operations 1,116,702 1,166,556 Economic development 5,152,423 4,527,794 Education 1,223,566 1,107,489 First Nation administration 1,939,337 1,741,586 Health services 2,006,262 1,615,067 Other 358,111 420,012 Social services 300,467 342,587 Total 12,249,021 11,064,799 Annual surplus before prior year     subsidy…

A

Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others Metro $960, 000 152,000 353, 000 182,000 Suburban $760,000 102,000 273,000 152,000 Outlying $360,000 52,000 103,000 42,000 In addition to the expenses listed above, the company has $50,000 of common fixed expenses. Income-tax expense for the year is $250.000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments of Company Countywide Cable Services Outlying Metro Suburban Segment contribution margin %24 0 $ Profit margin controllable by segment manager 2$ 0 $ 0 $ 0 $ Profit margin traceable to segment %24 0 $ 0 $ MacBook Pro %23 % & 3 4 * 7 8 E R T Y { D F K V MOSISO

Need Help with this Question

Question ThreeThe following Trial Balance is the financial details of West Municipal Assembly for the yearended 31 December, 2021 District Development Facility (DDF) $58,600 CreditSpecial Sanitation Grant from Government $30,260 CreditShare of Common Fund $587,450 CreditProperty Rate (ii) $73,230 CreditFuneral Rate $25,270 CreditSalary Div 1 $266,280 DebitCommission to Revenue Collectors $15,790 DebitPrinting and Publication $66,110 DebitUtility Bills $20,040 DebitConferences $14,580 DebitDonations $80,770 CreditContract Retention $13,970 CreditMarket Tolls $25,550 CreditCourt Fines $109,400 CreditMarriage and Divorce Registration $43,840 CreditTelecommunication Cost $18,830 DebitRepairs and Maintenance $9,720 DebitTown Hall Meetings $64,890 DebitSpecial Audit Fees $27,130 DebitTravel and Transport $54,670 DebitRevenue Receivable $208,570 DebitSalary Div 2 $315,090 DebitAssembly Members Allowance $79,000 DebitConsultancy Cost $4,750 DebitHawkers License $37,150 CreditChop bar License…

Question 1 Not complete Marked out of 7.14 Flag question Scenario and General Fund budgetary journal entries The scenario: Croton City maintains four governmental-type funds: a General Fund, a Library Special Revenue Fund, a Capital Projects Fund, and a Debt Service Fund. Croton City started its calendar year 2019 with the following General Fund balances (all numbers are in thousands of dollars). Cash Property taxes receivable Debits Credits $1,800 800 Salaries payable Deferred property tax revenues Unassigned fund balance Totals $700 300 1,600 $2,600 $2,600 Croton has adopted the following budgetary and accounting policies: • Encumbrance accounting is used only for the acquisition of supplies and for the award of contracts for construction and construction-related activities. Open encumbrances lapse at the end of the year, but are considered in developing the next year's budget. Because final income tax returns are not required to be filed until April 15 of the year following the end…

H-9

3 The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2024, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund.   Debits Credits Accounts payable   $ 108,000 Accounts receivable $ 27,400   Accrued interest payable   30,600 Accumulated depreciation   49,000 Administrative and selling expenses 51,000   Allowance for uncollectible accounts   13,000 Capital assets 714,000   Cash 96,800   Charges for sales and services   561,000 Cost of sales and services 500,000   Depreciation expense 49,000   Due from General Fund 17,300   Interest expense 40,500   Interest revenue   5,300 Transfer in from General Fund   117,600 Bank note payable   630,400 Supplies inventory 18,900   Totals $ 1,514,900 $ 1,514,900   Required: Prepare the reconciliation of operating income to net cash provided by operating activities that would appear at…

3 The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2024, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund.   Debits Credits Accounts payable   $ 108,000 Accounts receivable $ 27,400   Accrued interest payable   30,600 Accumulated depreciation   49,000 Administrative and selling expenses 51,000   Allowance for uncollectible accounts   13,000 Capital assets 714,000   Cash 96,800   Charges for sales and services   561,000 Cost of sales and services 500,000   Depreciation expense 49,000   Due from General Fund 17,300   Interest expense 40,500   Interest revenue   5,300 Transfer in from General Fund   117,600 Bank note payable   630,400 Supplies inventory 18,900   Totals $ 1,514,900 $ 1,514,900   Required: Prepare the reconciliation of operating income to net cash provided by operating activities that would appear at the…

Solve the problem as soon as possible

2 The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2024, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund.   Debits Credits Accounts payable   $ 108,000 Accounts receivable $ 27,400   Accrued interest payable   30,600 Accumulated depreciation   49,000 Administrative and selling expenses 51,000   Allowance for uncollectible accounts   13,000 Capital assets 714,000   Cash 96,800   Charges for sales and services   561,000 Cost of sales and services 500,000   Depreciation expense 49,000   Due from General Fund 17,300   Interest expense 40,500   Interest revenue   5,300 Transfer in from General Fund   117,600 Bank note payable   630,400 Supplies inventory 18,900   Totals $ 1,514,900 $ 1,514,900     Required: Prepare the closing entries for December 31. Prepare the Statement of Revenues, Expenses, and Changes in Fund…

None

K The governmental funds of the City of Westchester report $576,500 in assets and $219,000 in liabilities. The following are some of the assets that the government reports. • Prepaid items-$8,200 Cash from a bond issuance that must be spent within the school system according to the bond indenture-$111,000 .Supplies-$5,200 • Investments given by a citizen that will be sold soon with the proceeds used to beautify a public park-$36,000 Cash that the assistant director of finance designated for use in upgrading the local roads-$49,750 Cash from a state grant that must be spent to supplement the pay of local kindergarten teachers-$62,750 Cash that the city council (the highest level of decision-making authority in the government) voted to use in renovating a school gymnasium-$67,250 Required: On a balance sheet for the governmental funds, what fund balance amounts should the City of Westchester report? Fund balance-nonspendable ht Fund balance-restricted ences Fund balance-committed Fund…

Required information [The following information applies to the questions displayed below.] The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2024, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund. Accounts payable Accounts receivable Accrued interest payable Accumulated depreciation Administrative and selling expenses Allowance for uncollectible accounts Capital assets Cash Charges for sales and services Cost of sales and services Depreciation expense Due from General Fund Interest expense Interest revenue Transfer in from General Fund Bank note payable Supplies inventory Totals Debits Adjustments: $ 29,400 53,000 VILLAGE OF SEASIDE PINES ENTERPRISE FUND Reconciliation of Operating Income to Net Cash Provided by Operating Activities For the year ended December 31, 2024 722,000 98,000 504,000 51,000 17,700 40,900 19,700 $ 1,535,700 Credits $ 112,000 32,600 51,000…

Using the data below for the Ace Guitar Company:     A Region   B Region   Sales $521,500   $968,500   Cost of goods sold 198,200   368,000   Selling expenses 125,200   232,400   Service department expenses         Purchasing       $250,300 Payroll accounting       166,900   Allocate service department expenses proportional to the sales of each region. Determine the divisional income from operations for the A and B regions. For interim calculations, round percentages to one decimal place. A Region $ B Region $

TB Problem 21-167 (Algo) The Murdock Corporation reported the following balance sheet data for 2021 and 2020:     2021   2020   Cash $ 96,245     $ 33,155     Available-for-sale debt securities (not cash equivalents)   24,000       102,000     Accounts receivable   97,000       83,550     Inventory   182,000       160,300     Prepaid insurance   3,030       3,700     Land, buildings, and equipment   1,284,000       1,142,000     Accumulated depreciation   (627,000 )     (589,000 )   Total assets $ 1,059,275     $ 935,705     Accounts payable $ 91,640     $ 165,670     Salaries payable   26,800       33,000     Notes payable (current)   40,300       92,000     Bonds payable   217,000       0     Common stock   300,000       300,000     Retained earnings   383,535       345,035     Total liabilities and shareholders' equity $ 1,059,275     $ 935,705         Additional information for 2021:  (1) Sold available-for-sale debt securities costing…

TB Problem 21-167 (Algo) The Murdock Corporation reported the following balance sheet data for 2021 and 2020:     2021   2020   Cash $ 96,245     $ 33,155     Available-for-sale debt securities (not cash equivalents)   24,000       102,000     Accounts receivable   97,000       83,550     Inventory   182,000       160,300     Prepaid insurance   3,030       3,700     Land, buildings, and equipment   1,284,000       1,142,000     Accumulated depreciation   (627,000 )     (589,000 )   Total assets $ 1,059,275     $ 935,705     Accounts payable $ 91,640     $ 165,670     Salaries payable   26,800       33,000     Notes payable (current)   40,300       92,000     Bonds payable   217,000       0     Common stock   300,000       300,000     Retained earnings   383,535       345,035     Total liabilities and shareholders' equity $ 1,059,275     $ 935,705         Additional information for 2021:  (1) Sold available-for-sale debt securities costing…

59. Question: In conformity with the revenue test, what is the total revenue of the reportable segments? CHOICES: P51,000 P52,000 P71,000 P60,000

FINA310 IP TEMPLATE FOR STUDENTS Student name: Date: ACTUAL FORECAST Current Year Next Year Total Revenue 71,879 |Cost of Revenue (51,125) Gross Profit 20,754 Operating Expenses: Selling, General, and Administrative (14,248) Research and Development Special Income/Other Charges (2,194) Total Operating Expenses (16,442) Operating Income 4,312 Net Interest Income (666) edite Pre-Tax Income 3,646 Provision for Income Tax (19.5%) (711) Net Income 2,935 Additionally, Tag-It's CEO has predicted a 12% increase in total revenue next year. Utilizing the percentage of sales method, prepare a forecast for next year in the correct section on the Excel spreadsheet. 1. The total revenue numbers over the past 4 years for Tag-lt Corporation were as follows (values in millions): o 73,785 O 69,495 o 75,356 o 71,879 2. Determine whether you think Tag-It can hit the target of a 12% increase in sales next year.

Please show work as well, thanks!