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german
2 years ago
13

The law used by cities and counties for street improvements, in which a typical example would be that the local government hires

a contractor to improve streets, and then each owner along that street is liable for paying a pro rata share of that cost, is known as:
Business
1 answer:
viva [34]2 years ago
6 0

The law for making improvements in the streets where the local government hires a contractor and each of the owners pays the cost of improvement in proportionate share is called the Street Improvement Act.

<h3>What is meant by streets?</h3>

Streets are the local surroundings of the state in which the people are living and are managed by the municipal government.

  • The Street Improvement Act was passed in the year 1911 which concerns making improvements in the streets by the local government.
  • A contractor is being hired by the government for this in which the cost of the improvement is paid by the owners.
  • The cost can be paid by the owners either within the time span of thirty days or if not paid by them, then the bonds have been sold by the government to reimburse the contractor.

Therefore, the provided law relates to the act passed in the year 1911 being called The Street Improvement Act.

Learn more about the local government in the related link:

brainly.com/question/22670499

#SPJ1

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What rate of return is expected from a stock that sells for $30 per share, pays $1.54 annually in dividends, and is expected to
Dovator [93]

Answer:Expected Rate of Return = 14.47%

Explanation:

Given that Dividend= $1.54

Price of stock = $30

Expected selling price of stock = $32.80

Expected Rate of Return = (Dividends Paid + Capital Gain) / Price of Stock

Capital gain = Expected selling price - Buying price of stock

= $32.80- $30.00

= $2.80

Expected Return = ($1.54 + 2.80)/ 30

=0.1446666 x 100

=14.465 ≈14.47%

8 0
3 years ago
The following items were selected from among the transactions completed by O’Donnel Co. during the current year: Jan. 10. Purcha
goldenfox [79]

Answer and Explanation:

The journal entries are shown below:

1.

On Jan 10

Inventory $240,000  

          To Accounts Payable - Laine Co. $240,000

(Being the inventory is purchased on account is recorded)

On Feb 9

Accounts Payable - Laine Co. $240,000  

             To Notes Payable  $240,000

(Being the issued of the note payable on account is recorded)

On March 11

Notes Payable $240,000  

Interest Expense ($240,000 × 30 ÷ 360 × 4%) $800  

       To Cash  $240,800

(Being the amount paid is recorded)

On May 1

Cash $160,000  

         To Notes Payable  $160,000

(Being the borrowed cash is recorded)

On June 1

Tools $178,500  

Interest Expense ($180,000 × 60 days ÷ 360 days × 5%) $1,500  

            To Notes Payable  $180,000

(Being the tools purchased is recorded)

On June 15

Notes Payable $160,000  

Interest Expense ($160,000 × 45 ÷ 360 days  × 5%) $1,000  

              To Notes Payable  $160,000

              To Cash  $1,000

(Being the cash paid is recorded)

On July 30

Notes Payable $160,000  

Interest Expense ($160,000 × 45 ÷ 360 × 7%) $1,400  

              To Cash  $161,400

On July 30

Notes Payable $180,000  

Cash  $180,000

(Being the amount paid is recorded)

On Dec 1

Office Equipment $400,000  

       To Notes Payable  $300,000

        To Cash  $100,000

(Being the office equipment is purchased)

On Dec 15

Litigation Loss  Dr $260,000  

      To Litigation Claims Payable  $260,000

(Being the litigation loss is recorded)

On Dec 31

Notes payable $30,000  

Interest Expense ($30,0000 × 30 ÷ 360 × 5%) $125  

           To Cash  $30,125      

(Being the amount paid is recorded)

2. The journal entries are shown below:

a. Product warranty expense $23,000  

                 To Product warranty payable  $23,000

(Being the product warranty expense is recorded)

b. Interest Expense $1,125   ($30,000 × 9 months × 30 ÷ 360 × 5%)

                    To Interest Payable  $1,125

(Being the interest expense is recorded

6 0
4 years ago
Your firm has taken out a 521,000 loan with 8.6% APR (compounded monthly) for some commercial property. As is common in commerci
Anni [7]

Answer:

The monthly payment will be = $5161.08

The final payment will be: = $413,684.38

Explanation:

From the given information:

Given that:

the loan amount = $521000

The interest rate for the loan is = 8.6% compounded monthly

the loan is being amortized for 15 years

Thus, the firm will be paying the due amount after 15 years

We use the Excel software to find the monthly payment and the final payment.

a. Using the Excel Function  ( =PMT(8.6%/12,15*12,-521000) )

The monthly payment will be = $5161.08

b.Using the Excel Function (=CUMPRINC(8.6%/12,15*12,521000,60,180,1) )

The final payment will be: = $413,684.38

These can be seen in the images attached below.

3 0
3 years ago
Company management completes event identification and analyzes the risks. The company wishes to assess its risk after management
r-ruslan [8.4K]

Answer:

Residual risk

Explanation:

Is a type of risk whose threat(s) is not completely removed even after putting all control measures in place. It is calculated as:

Residual risk = inherent risk minus effect of risk control.

7 0
3 years ago
A company's inventory balance at 12/31/16 was $191,600 and $204,000 at 12/31/15. its accounts payable balance at 12/31/16 was $8
Ahat [919]
Company
Dec. 31. 2016
Assets
Cash- $191,600

Dec. 31. 2015
Assets
Cash- $204,000

Goods sold for 2016- $724,000

Liabilities
Dec. 31.2016
Accounts Payable- $88,000

Liabilities
Dec. 31. 2015
Accounts payable- $83,600

In order to find the company's total amount of cash payments for 2016, you find the minus the previous assets with the new assets..
Ex. $191,600 - $204,000 = -12,400

Then minus your answer with Goods Sold in 2016
Ex. $724,000 - $12,400 = $711,600

Then, minus the pervious amount of Accounts payable with the new Accounts Payable
Ex. $88,000 - $83,600 = $4,400

New payments for 2016-
Ex. Add $88,000 + $83,600 = $171,600

Then, $171,600 - $4,400 = $167,200

Thus, $167,200 equals the company's total amount of cash payments 2016.
3 0
3 years ago
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