A village derives about .005 percent of its General Fund revenues from traffic violation fines. Violators of the law have 30 days to appeal the fines. Experience shows that the village ultimately collects on about 75% of the violations
When should the village recognize these revenues in the General Fund?
a. when the budget is prepared
b. at the beginning of the year, based on an estimate of collections
c. when the traffic violation tickets are issued
d. when the cash is collected
d
Business
You might also like to view...
The dependence of nonprimary key attributes on other nonprimary key attributes best describes a:
A) relationship dependency. B) transitive dependency. C) weak attribute. D) weak entity. E) weak relationship.
Business
Given the relation EMPLOYEE(ID#, LastName, ProjectID, ProjectName) and ProjectID can determine ProjectName, but not last name, the relation violates:
A) 1st normal form. B) Mills normal form. C) 2nd normal form. D) 3rd normal form. E) Olsen normal form.
Business