The Following Transactions Occurred for the City of Fontaine's General

question 75

Essay

The following transactions occurred for the City of Fontaine's General Fund.
1.The budget prepared for the fiscal year included Total estimated revenues of $2,774,000 and appropriations of $2,693,000.
2.Encumbrances issued against the appropriations during the year were $931,000.
3.The current year's tax levy of $2,005,000 was recorded; uncollectibles were estimated as $65,000.
4.Collections of delinquent taxes from prior years' levies totaled $132,000; collections of the current year's levy totaled $1,459,000.
5.Invoices were received and approved for payment for items ordered in documents recorded as encumbrances in Transaction (2)of this problem. The estimated liability was $851,200. Actual costs were $850,500.
6.Revenue other than taxes collected during the year consisted of licenses and permits,$373,000; intergovernmental revenue,$400,000; and $66,000 of miscellaneous revenues.
7.Payments on Vouchers Payable totaled $1,505,000.
Prepare journal entries in the General Fund general journal to record the transactions. (Subsidiary detail may be omitted.)

Explain the structure and function of the larynx, including its role in sound production and protection of the airway.

Identify the membranes surrounding the lungs and thoracic cavity.

Recognize anatomical terminology specific to the respiratory system.

Compare anatomical differences between species, particularly humans and pigs.

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Definitions:

Long-Run Average Total Cost

The cost per unit of output incurred when all factors of production are variable, and scale of production can be changed.

Output

The amount of products or services produced by a company, industry, or economic system.

Total Fixed Cost

The sum of all costs that do not change with output level, including rent, salaries, and insurance.

Short Run

A period in economic analysis during which at least one input, such as plant size or capital, is fixed, limiting the ability to adjust to demand changes.