On July 1, 2017, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $3,200,000. The county estimated that 5% of the taxes levied would be uncollectible. As of April 30, 2018, the due for all property taxes, the county had collected $2,950,000 in taxes. The county imposed penalties and interest in the amount of $13,500, but only expects to collect $12,300 of that amount. At the end of the fiscal year the county had collected $48,000 in delinquent taxes and $3,800 in interest and penalities on the delinquent taxes.

B. Show subsidiary detail for the Revenue ledger.

Year Account Title Est. Revenues Dr(CR) Revenues Cr(Dr)

July 1, 2017 Property Taxes

July 1, 2017 Intergovernmental Revenues

July 1, 2017 Licenses and Permits

July 1, 2017 Fines and Forfeits

July 1, 2017 Miscellaneouse Revenues

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Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner