...population rate for the City of Kyle would project the 2012 population rate to be 30,640. The two totals conflict sufficiently and will evidently cause some confusion with the projected outcomes. The City of Kyle is considered a Home Rule City, a city with an adopted home rule charter for its local self-governance. In addition to being a Home Rule City, the City of Kyle also operates with a City Manager form of Government. The City Council is comprised of a Mayor and six Council Members. The resident voters choose the Mayor and three Council Members at large and the other three Council Members are elected from their prospective districts. The goal of the proposed budget for the City of Kyle is to maintain the current service levels for all necessary city services. The goals and objectives of the City is the guideline for forming the City’s yearly budget. The budget projection is slated to significantly improve the city’s local business climate over the next few years. Most of the city’s growth stems from workers in the nearby city of Austin, TX, where real estate and property taxes are slightly higher. It is best...
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...rate for the City of Kyle would project the 2012 population rate to be 30,640. The two totals conflict sufficiently and will evidently cause some confusion with the projected outcomes. The City of Kyle is considered a Home Rule City, a city with an adopted home rule charter for its local self-governance. In addition to being a Home Rule City, the City of Kyle also operates with a City Manager form of Government. The City Council is comprised of a Mayor and six Council Members. The resident voters choose the Mayor and three Council Members at large and the other three Council Members are elected from their prospective districts. The goal of the proposed budget for the City of Kyle is to maintain the current service levels for all necessary city services. The goals and objectives of the City is the guideline for forming the City’s yearly budget. The budget projection is slated to significantly improve the city’s local business climate over the next few years. Most of the city’s growth stems from workers in the nearby city of Austin, TX, where real estate and property taxes are slightly higher. It is best for the city and it’s implementation partners to be flexible given the needs and demand of the economy and market. Kyle’s adopted annual budget will require...
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...ACCT 567 Funds, Statements, Taxes, Accounting for Government and NFP Keller PLEASE DOWNLOAD HERE! HTTP://WWW.STUDENTSWITHSOLUTIONS.COM/VIEW-TUTORIAL.ASPX?TUTORIALID=14604 ACCT 567 Funds, Statements, Taxes, Accounting for Government and NFP Keller 1. Explain the primary differences between ad valorem taxes, such as property taxes, and other taxes that generate derived tax revenues, such as sales and income taxes. How does accounting differ between these classes of taxes? http://www.studentswithsolutions.com/view-tutorial.aspx?TutorialId=14555 2. Can you name the statements which should be prepared by all not-for-profit organizations? http://www.studentswithsolutions.com/view-tutorial.aspx?TutorialId=14558 3. Name a budgetary account of a governmental fund http://www.studentswithsolutions.com/view-tutorial.aspx?TutorialId=14559 4. How are the major funds of a state or local government determined by a governmental entity? http://www.studentswithsolutions.com/view-tutorial.aspx?TutorialId=14556 5. Agency funds pay interest and principal on long term debt? http://www.studentswithsolutions.com/view-tutorial.aspx?TutorialId=14557 6. A refuse collection service can be accounted for by using one of several different funds. The service could be a part of the general fund, it could be a special revenue fund or an enterprise fund. What circumstances would determine which fund would be the most appropriate to use? http://www.studentswithsolutions...
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...Compare carbon taxes with emission trading schemes as government policy tools. Introduction Why do we need environmental control Over the last century and a bit the world have added 40% more CO2 to the Earth’s atmosphere. Every year the World collectively add more again than we did the year before. The Earth is on an accelerating drive to change our planet’s atmosphere. The main source of this additional CO2 is the burning of fossil fuels. There is a common consensus that global warming is an effect of increased carbon emission and only a few groups still hold on to the belief that there is no connection between emissions of greenhouse gases (Carbon) with the effect of global warming. The leading scientist have predicted Australia has 5 years to reduce its carbon emission to prevent dangerous climate change which may cause average temperate to increase on average by 2 degrees. For the benefit of Australian farmers, grazers and fisherman to enable them to have the best chance to feed the world, and Australian’s primary industry to have the best opportunities for sustainable growth, measures must be undertaken to reduce carbon emission. Government initiatives is required to correct because environmental control, air quality and climate change are all public goods. Public goods are those that everyone can enjoy and no one can be excluded from enjoying the goods. Since it is a public good, everyone can enjoy but no one actually pay for anything to enjoy the good. Public...
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...Homework 2 1. Rachel is a limited partner in Starship Partners. This year Starship reported that Rachel's share of dividend income was $3,700 and his share of municipal interest was $2,750. Early this year Rachel found a bundle of $100 bills in the alley outside his apartment. When no one claimed the money, the cash (a total of $2,400) was returned to Rachel. Finally, Rachel earned salary of $42,000 but almost $6,500 was withheld for income taxes and FICA tax. Compute Rachel's (a) realized income and (b) gross income. BE SURE TO CALCULATE BOTH AMOUNTS. a) 3,700 + 2,750 + 2,400 + 42,000 = $50,850 b) 3,700 + 2,400 + 42,000 = $48,100 2. Ted works as a painter for local businesses on weekends, and he often provides services in exchange for property. This year Ted provided painting services in exchange for $1,275 of car repair services, $3,570 of groceries, and a certificate of deposit (CD) for $4,050. The (CD) matures next year with interest. Finally, Ted received a gift card that can only be applied for $850 of clothing at a local mall. Ted has only applied the gift card to purchase $100 of clothing. Compute Ted's gross income assuming that he uses the cash basis of accounting. 1,275 + 3,570 + 4,050 + 850 = $9,745 3. Jennifer was married on November 1 of this year and on that day received numerous gifts from her extended family. Her grandfather presented Jennifer with a check for $15,000; her uncle gave Jennifer 1,000 shares of Ford stock worth $10 per share (the uncle purchased...
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...ACC 363 WEEK 2 DQ 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-363-week-2-dq-1/ Contact us at: nerdypupil@gmail.com ACC 363 WEEK 2 DQ 1 What payroll taxes are paid by the employee? Which are paid by the employer? What types of reports are used to document to the government the payroll taxes paid by the employer and employee? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 363 Week 2 DQ 1 in order to ace their studies. ACC 363 WEEK 2 DQ 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-363-week-2-dq-1/ Contact us at: nerdypupil@gmail.com ACC 363 WEEK 2 DQ 1 What payroll taxes are paid by the employee? Which are paid by the employer? What types of reports are used to document to the government the payroll taxes paid by the employer and employee? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 363 Week 2 DQ 1 in order to ace their studies. ACC 363 WEEK 2 DQ 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-363-week-2-dq-1/ Contact us at: nerdypupil@gmail.com ACC 363 WEEK 2 DQ 1 What payroll taxes are paid by the employee? Which are paid by the employer? What types of reports are used to document to the government the payroll taxes paid by the employer and employee? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 363 Week 2 DQ 1 in order to ace their studies. ACC 363 WEEK...
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...China’s budgetary system Year III Finance and Banking Balea Calin Dobrovolschi Natalia 2012 Content Introduction………………………………………………………………..pg 3 Traditional Budget Accounting…………………………………...……… pg 3 1.Taxonomy of Chinese Accounting……..…………….......................... pg 3 1.1 The Domain of Budget Accounting……….…………...………... .pg 3 1.2 Chinese units……………………………………………………... pg 4 2. Public Financial Management Process……………………..……….. pg 4 Conventional Budget Accounting …………………………………………pg 5 1. Overall and Unit Budgets…………………….…………………….. pg 5 2. Characteristics of the Chinese Budget Accounting System ….….…..pg 6 2.1 Accounting as a Budget Tool…………………….…………….. pg 6 2.2 Characteristics…………….…………………….……………… pg 7 The 1994 Budget Law………………………………..…………………… pg 8 1. Scope…….……………………………………………………….....pg 8 2. Institutional structure…………………………………………….....pg 8 3. Budget policy……………………………………………………….pg 9 3.1 General Policy…………………………………………………. pg 9 3.2 Separate Revenue System……………………………………....pg 9 3.3 Dual Budgeting System………………………………………...pg 10 3.4 Functional Classification of the Budget………………………...pg 10 3.5 Increased Budgetary transparency………………………………pg 11 3.6 Increased Effectiveness in resource utilization………………….pg 11 Further development………………………………………………………...
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...business Union Carbide tolerated very poor safety standards at a factory in Bhopal, India.. The result was an explosion which released clouds of toxic gas and killed thousands. Many more thousands are still alive and very ill because of this. What was particularly irresponsible was the long years it took to force Union Carbide to accept responsibility and pay compensation. This whole area is a large and important are which it is impossible to cover completely. It is, for example, one important reason why some western pressure groups are so hostile to MNCs Government control It is quite difficult for some governments to exercise effective control over MNCs because they are so large and powerful. One MNC may be the dominant force in the local economy. Even large and wealthy countries such as the UK can’t always control MNCs effectively. They have a wide repertoire of tricks to minimise government control, especially taxes. One favourite trick (technically illegal) is transfer pricing. MNCs often buy and sell between different national offices of the same business, because each is a separate profit centre. For example, the Paris office makes the product, and the Berlin office sells it. So...
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...Fertilizer policies: lessons for India from abroad Policies regulating pricing and subsidy Government of India have adopted various policy measures to ensure the supply of fertilizers at affordable rates throughout the country. One such policy measure is the subsidies given to the fertilizer manufacturers. As per the existing subsidy policy, all farmers, irrespective of their income and holdings, are eligible for the subsidised fertilizers. Fertilizer manufacturers are entitled to receive the difference between the normative cost of production and the MRP at which fertilizers are sold. There is no restriction for them as per their efficiency or capacity utilisation. In other words the subsidy policy regime in India failed to oblige the fertilizer...
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...Why Government Accounting and Financial Reposting is - and Should be-Different. Government and Business Enterprises environments differs. The environment differences between them are organization purposes, process of generating revenue, relationship with stakeholders, budgetary obligation and potential for longevity. Due to these environmental differences the need for their accounting and financial reporting users differs too. The accounting and financial reporting standards for government and business enterprises need to focus and meet the requirements of their stakeholder’s needs. The stakeholders for the business enterprises financial reports are creditors, Equity Investors and their regulators who can use financial reports to make decision on whether to invest or not on those business and creditor whether to borrow them or not .The stakeholders for the Government are creditors and citizens who are primarily the resources provider though taxes, who need assess the government accountability in how public resources were acquired and used so as to make political, social and economic decisions. Creditors generally they look for the assurance if there will be sufficient fund to repay debt. In Business enterprises they seek the how the earnings are generated while in the government they seek information about the ability and willingness to correct taxes and generate other revenue to debt repayment. Major environmental Differences between Government and Business are described...
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...Jeffrey White PADM - 620 Local Political Administration Week 6 Assignment Instructor Dr. Bagwell Department of Public Administration American Public University What problems are incurred when judges are elected? Some argue that elected judges is a part of democracy or that they are representation of the people who elected them. The judiciary system is one of three tiers in our government which also include the legislative and executive branches. These three branches work together to provide the people with a check and balance system of government and that all three are equal in power and authority. However, some argue that popular election of judges is a bad idea, and it opens up the judicial branch to the same partisan and commercial pressures that the legislative and executive branches of government already experience (Kiplinger, 2013). The concern is that judges may be bought by those with money forcing them to make decisions in benefit to those who bribed them. Another issue with financial side of elected judges is that elections cost money. Very few judges bank roll an election from their own pocket, therefore they rely on donations and fundraising to pay for election campaigns. But can a judge remain unbiased and non-partisan if they were bank rolled by someone who was seeking judgments to benefit them directly or the market they work or own businesses in. An article published in the American Journal of Political Science, stated that the article was...
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...Governmental Role in Economy and Commerce Across Chinese History Throughout Chinese history, the appropriate role government should play in economy and commerce has been a prevailing question that always incurs debates and disagreement. Over the centuries, a wide range of different opinions—from one-sided view to relatively neutral position—prevails. Each point of view contains its own unique understanding and suggestions on the issue of governing the economy. Despite of the variety of views, the grounds that those arguments based on are less diverse—from either an ideological or practical perspective. From the early stage of Chinese history, absolute unanimity was rarely found in the issue regarding governing the economy and commerce. In fact, disagreements or ambivalent views prevail. For example, Discourse on Salt and Iron from Han dynasty reveals, officers believe government interventions in industry like salt and iron are beneficial to the welfare of the entire country and “are intended to circulate accumulated wealth and to regulate consumption according to the urgency of need” (Ebrey, Chinese Civilization 63). As each side lists either the benefit or the shortcomings, it is clear that the learnt men and the minister hold completely different perspectives with learnt men oppose effective government regulation whereas the officer supports. As the record of this debate contains twenty-four chapters and the first chapter included in Chinese Civilization contains four pages...
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...process? In the words of Abraham Lincoln, the democratic government is one “of the people, by the people, and for the people.” The factions (parties or interest groups) contribute to the democratic process in that they use the theory of pluralism, and unite through shared interest to influence public policy. Because of the wide spread of power in our democratic government, these factions are capable of causing change only through the influence of a branch of the government, or through the people. Through the lens of the elitist theory, it could be viewed that certain factions have more pull because of their...
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...Grabber: (Story) The Democratic Party was formed in 1792, when followers of Thomas Jefferson began using the name republicans, to give special importance that they are anti government to be govern by the people. Democracy adopted its present name during the elections and presidency of Andrew Jackson in the 1830s. Around the 1840s and 1850s, the party was in fight over having slavery to the western territories. Southern Democrats demanded to protect slavery in all the territories while many Northern Democrats tried to keep them out of their territories. The party split over the slavery issue in 1860 at the presidential convention in Charleston, South Carolina. B. Thesis: Democracy is important since it lets everyone to have the chance to a say or a voice in the government. With democracy, everyone is treated fairly and equal. And that is why democracy is surely the best form of government. C. Purpose: to share with my audience that democracy is the political party you should be voting for. D. Preview of Main Points: 1. Since the 1890's the Democratic Party has favored "liberal" positions to have social and political views that favors progress and reforms and policies and views that advocate individual freedom. 2. Every citizen of this country pays a lot of taxes already; the Democratic Party favors in cutting taxes for the middle class and leaving it the same for the rich, wealthy people. 3. I discovered that the Democratic Party is highly supportive of educating our children...
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...appropriateness of government intervention in the economy, which is a highly debatable topic. For example, free market economists would argue that there should be a strict limitation on government intervention as it often leads to an inefficient allocation of resources. However, many might argue that government intervention is necessary in different fields (Pettinger, 2012). The appropriateness of government intervention will be evaluated by considering its implications on various factors such as social welfare and efficiency. This paper will start by describing the three types of economic systems then, section 2 will describe the different forms of government interventions in the market system. Section 3 will explain...
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