The Following Information Regarding the Fiscal Year Ended June 30

question 14

Essay

The following information regarding the fiscal year ended June 30, 2017, was drawn from the accounts and records of the Johnson County general fund: Required:
Prepare a statement of revenues, expenditures, and changes in fund balance for the Johnson County general fund for the year ended June 30, 2017.

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Definitions:

Profitability Index

A financial tool that calculates the ratio of the present value of future expected cash flows to the initial investment cost.

Working Capital

A disparity between a firm's current holdings and its outstanding obligations, signifying its short-term economic fitness and effectiveness in functioning.

Discount Rate

In the context of discounted cash flow analysis, this is the interest rate used to establish the present-day value of future cash inflows.

Net Operating Cash Inflows

This represents the cash that a business generates from its ordinary, operational activities, excluding financing or investment cash flows.