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german
1 year 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]1 year 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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Novak corp. sells a snowboard, ezslide, that is popular with snowboard enthusiasts. below is information relating to novak corp.
Rom4ik [11]

Answer:

a. The value of ending Inventory using FIFO is $2749.

b. The value of ending Inventory using LIFO is $2667.

c. The value of ending Inventory using Average Cost method is $2713.


We have:

Date     Explanation       Units      unit cost   Total Cost


Sep-01         inv                 11              97                1067


Sep-12 purchases        44               100              4400


Sep-19 purchases         47               101              4747


Sep-26 purchases         22               102              2244


Total                                 124                                  12458


Novak sold 97 snowboards, so the number of snowboards with it at the end of September is 124 -97 = 27 units.

If Novak adopts First In First Out (FIFO) method, and 27 units are remaining, all 22 units purchased on Sept-26th and 27 -22 = 5 units from the purchases made on Sept-19th will remain in inventory.

So the value of inventory using FIFO will be (22* 102) + (5*101) = 2749

If Novak adopts Last In First Out (LIFO) method, all 11 units in inventory on  Sept-01st and 27 -11 = 16 units from the purchases made on Sept-12th will remain in inventory.

Hence inventory value using LIFO will be (11* 97) + (16*100) = 2667

We calculate the Average cost by dividing the Total Cost by total number of units purchased.

Average Cost = \frac{12458}{124} = 100.468

The value of inventory using the average cost method is 100.648 * 27 =2713.

3 0
3 years ago
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Firm A has earnings-per-share of $3.00. Firm B has earnings-per-share of $2 and a price-per-share of $30. Using the Price/Earnin
stealth61 [152]

Answer:

Company A's price per share is $45

Explanation:

The P/E ratio of one company can be used by investors and analysts to determine the value of another companie's stock in the industry. This is called apples-to-apples comparism.

The P/E ratio is used to value a company by comparing its share price to earnings per share.

P/E ratio= market value of shares/ earnings per share

For company B

P/E ratio= 30/2= $15

Using company B's P/E ratio as a benchmark for company A

15= Price per share /3

Price per share = 15*3= $45

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Reeves Co. filed suit against Higgins, Inc., seeking damages for copyright violations. Higgins' legal counsel believes it is pro
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