CHAPTER 4: ACCOUNTING FOR GOVERNMENTAL OPERATING ACTIVITIES ( ILLUSTRATIVE TRANSACTIONS AND FINANCIAL STATEMENTS Solutions to Exercises and Problems 4-2. 1. a. 6. a. 2. c. 7. c. 3. d. 8. c. 4. b. 9. b. 5. d. 10. b. Ch. 4‚ Solutions (Cont’d) 4-3. a. Calculation of Estimated Required Tax Anticipation Financing Estimated Expenditure Requirements: Budgeted expenditures‚ remainder of FY 2011 $2‚470‚000 Current liabilities
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Dell’s Working Capital Substantive Issues Dell manufactures‚ sells‚ and services personal computers. The company markets directly to its customers and builds computers after receiving a customer order. This build-to-order model enables Dell to have much smaller investments in working capital than its competitors. It also enables Dell to enjoy more fully the benefits of reductions in component prices and to introduce new products more rapidly. Dell has grown quickly and has been able to finance
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SOLUTION FOR LONE PINE CAFE CASE: A)Each of the partners contributed $16000 cash to the partnership and agreed to share in their profits proportionally to what they had invested which amounts to 1/3rd of the total profit. Therefore‚ each Owner’s equity : $16000 cash They signed a one year lease at a nearby cafe called the Lone pine cafe and agreed to pay a rent of $ 1500 every month. The partners borrowed $21000 from the bank . They used $35000 out of their partnership money and
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recognized. Wages expense is recognized as incurred‚ not when paid. March’s utility bill is an expense of March when the obligation was incurred. Income tax provision relates to pretax income. Must be matched with related income. Case 3-2: Lone Pine Café (B) Note: This case is unchanged fro the Tenth Edition. Approach This case introduces students to preparation of an income statement based on analyzing transactions. At this stage‚ students are not expected to set up accounts in the formal
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100 Prof. Strong 25 November 2007 Capital Punishment: Our Solution to Excessive Crime In the United States of America‚ the first known execution was of Captain George Kendall. He was shot and killed by a firing squad for being accused of sowing discord and mutiny. Black ’s Law Dictionary defines capital punishment as "the execution of a convicted criminal by the State as punishment for crimes known as capital crimes or capital offences." Some say that capital punishment is a cruel and unusual
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Did you know that Pine Beetles have destroyed over 80% of Colorado’s pine tree forests? If you think that is amazing wait until you hear that they have also gone through sixty percent of the interior pine forest in British Columbia and millions of pine trees have been killed by the infestation. You might be wondering what exactly is a Pine Beetle. Well‚ a Pine Beetle is a tiny five millimeter long bug that goes through and kills lots of pine trees. They are a problem because they are killing the
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Capital Ideas: The Improbable Origins of Modern Wall Street In his book‚ Capital Ideas: The Improbable Origins of Modern Wall Street‚ Peter L. Bernstein examines the innovative financial work of various academics that helped shape modern Wall Street. Bernstein sets out to show that Wall Street is in fact a fundamental and useful model to follow‚ rather than something to be feared. He points out that‚ “By combining the linkage between risk and reward with the combative nature of the free market
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The Battle of Pine Bluff took place in Jefferson county. At 8:00 am‚ October 25‚ Col. Powell Clayton sent a company of cavalry toward Princeton which ran into Brig. Gen. John S. Marmaduke’s men advancing. After some fire‚ the Rebels‚ under a flag of truce‚ came forward demanding surrender. Lt. M.F. Clark answered that there would be no surrender. Clayton slowly retreated back into Pine Bluff. In the meantime‚ about 300 African-American soldiers rolled cotton bales out of the warehouses for barricades
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‘The Battle of Seven Pines’ May 31- June 1‚ 1862 - Henrico County‚ Virginia- While details are still becoming clear about the recent “Battle of Seven Pines‚” one thing is for sure. It was fought between the Union ( North) and Confederacy (South). Leading the Confederacy was confederate commander Joseph E. Johnston. The Union was led by General George McLellan.  This battle all began with Joseph E. Johnston’s (pictured above ) plan to defend the capital. This original plan was
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cities‚ casinos bring in money‚ but most tribes struggle to bring in money. “According to True Sioux Hope Foundation‚ Pine Ridge has a 90 percent unemployment rate and a 70 percent high school dropout rate” (Elder). Pine Ridge is one of the poorest reservations in America with a low life expectancy rate. Suicide has also become a major problem. The White House is working with Pine Ridge to create a better environment and help with jobs (Elders). Population by the 1900’s of the Indians was 250‚000
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