Acity levies $200,000 of property taxes for its current fiscal year. one percent of the tax levy is expected to be uncollectible. the city collects $170,000 of its taxes during the year and another $25,000 during the first two months of the following year. what amount of property tax revenues should the city report in the general fund financial statements for the current fiscal year
a. $200,000b. $198,000c. $195,000d. $170,000.

Wo firms, a and b, each currently dump 50 tons of chemicals into the local river. the government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. it costs firm a $100 for each ton of pollution that it eliminates before it reaches the river, and it costs firm b $50 for each ton of pollution that it eliminates before it reaches the river. the government gives each firm 20 pollution permits. government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. what is the total cost of reducing pollution if firms are not allowed to buy and sell pollution permits from each other? what is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other? a. $3,000; $1,500 b. $4,500; $3,500 c. $4,500; $4,000 d. $4,500; $2,500