Presented below are the computed amounts of ratios for the Village of Riverside example appearing in the chapter.
Required:
a. Using the financial statements provided in Illustrations 2-5 through 2-11, compute ratios for the City of Salem. Assume the population of Salem is 52,000 and the fair value of property totals $970 million.
b. For each ratio, indicate which of the two governments has a stronger financial position. (Round "Debt per Capita" answer to the nearest whole dollar and other answers to 2 decimal places.)
Village of Riverside City of Salem Stronger Ratio
(1) Financial Position (government-wide, governmental activities) 15%
(2) Financial Position (General Fund) 11%
(3) Quick Ratio (government-wide, governmental activities) 2.32
(4) Leverage (government-wide, primary government) 0.11
(5) Debt Service Coverage (enterprise funds) 2.7 times
(6) Debt Service to Total Expenditures (governmental fund-basis) 4%
(7) Debt per Capital (government-wide, primary government) $468
(8) Debt to Assessed Value of Property (government-wide, primary government) 4.68%
Solved
Show answers
More tips
- S Sport When is the Champions League final?...
- H Health and Medicine Is Folic Acid a Necessary Vitamin?...
- W Work and Career How to Start Your Own Business: Tips and Recommendations...
- S Society and Politics 10 Tips for Boosting Your Self-Esteem...
- C Computers and Internet How to Create a Folder on Your iPhone?...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
Answers on questions: Business
- B Business Dake Corporation s relevant range of activity is 2,300 units to 5,500 units. When it produces and sells 3,900 units, its average costs per unit are as follows: Average...
- B Business Piedmont Company segments its business into two regions - North and South. The company prepared the contribution format segmented income statement shown below: Total...
- B Business Flexible expenses refer to: a) Expenses that are always unexpected b) Expenses that can change c) Expenses that never change d) None of the above...
- M Mathematics Write the expression: The quotient of the sum 3y and 5, and y squared....
- M Mathematics What is the value expression of [32 × (2.4 ÷ 4)] + 1.7...
- M Mathematics Consider circle k. select the statements that are true...
- H History How did the Schenck v. United States case impact us?...
- B Biology For the strand of DNA listed below. write out the matching RNA strand. GTAGCGTACAGCIGACGA ACGTGCATTGC GAC G...
- H History Why might the author have stated that the United States Constitution “has stood the test of time”? Use evidence from the text to support your answer....
- E English Plz following me fast as fast...
Ответ:
Explanation:
Collusion is seen as bad for consumers and economic welfare, and therefore collusion is mostly regulated by governments. Collusion can lead to: High prices for consumers. This leads to a decline in consumer surplus and allocative inefficiency (Price pushed up above marginal cost)