The Sadie School District Is Considering Six Different Options for Purchasing

question 59

Essay

The Sadie School District is considering six different options for purchasing new computer equipment.
REQUIRED: Show the journal entries that would be required in the district's general fund to recognize both the acquisition of the new computers and payment for them under each of these options. Which of these options would best achieve interperiod equity for the district? Why?
a. Buy the computers outright with cash; cost will be $60,000
b. Buy the computers and finance them with a $60,000, three-year, 10 percent note. The district will repay the note and pay the entire interest with a single payment of $79,860 when the note matures.
c. Buy the computers and finance them with a $60,000, three-year 10 percent installment note. The district will repay the note (plus interest) in three annual installments of $24,127 each.
d. Lease the computers under an operating lease, but prepay the entire rent ($60,000) in advance. (Assume it is the district's policy to use the purchases method for reporting prepayments.)
e. Lease the computers under a capital lease, requiring three end-of-year payments of $24,127.
f. Lease the computers under an operating lease, making three end-of-year payments of $24,127.

Identify key historical events and policies that have influenced current correctional practices and populations.

Analyze the impact of social policies, such as the war on drugs, on prison populations and the criminal justice system.

Examine trends in prison populations, including the growth of the female prison population and the creation of new classes of prisoners.

Understand the effects of overcrowding in prisons, including its causes and consequences.

---

Definitions:

Medical Doctor

A professional who is qualified to treat people who are ill or injured.

Crocodile

A large aquatic reptile with a long snout, powerful jaws, and thick scaly skin, found in tropical and subtropical waters.

Teacher

An educator responsible for instructing students in a particular subject or subjects and guiding their intellectual and personal growth.

Saint

A person recognized for having an exceptional degree of holiness, sanctity, and virtue, often canonized by a Christian church.