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2 years ago

As a response to potential bankruptcy, who took over the daily management of flint, mi in 2011?

1 answer:

6 0

As a response to potential bankruptcy, Michael Brown, an emergency manager took over the daily management of flint, in 2011.

The Flint water crisis started with a bankrupt city trying to save money. It ended with the declaration of a federal state of emergency after as many as 8,000 children were exposed to a poisonous element that will have lifelong effects on their brain and nervous systems.

Even before the lead crisis, Flint was struggling. About 40 percent of its residents live in poverty. Gov. Rick Michigan Snyder had appointed Michael Brown an emergency manager, an unelected official with near-total control over the city's finances, because Flint was near bankruptcy.

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Select three of the following that are listed as sensitive sites in the location and transportation (LT) category that should be

Eduardwww [97]

Answer:

The three sites that are listed as sensitive sites in the location and transportation (LT) category that should be built on are;

1. Wetlands

2. Prime farmland

3. Flood plains

Explanation:

The location and transportation category of credits is based on where the project is located and the accessibility to public transport. Accessibility is looked at in terms of how flexible the area fits in with different modes of public transport. Either by bus, or by train. These credits are awarded based on a number of factors that promotes environmental conservation, accessibility to public transport, and even public parks. The main goal of having this kind of rating systems is in to encourage green building systems. For example, by making public transport easily accessible to the public, the need for personal cars is greatly reduces. This in turn reduces the level of carbon emissions from the cars.

An attempt has also been made to protect building in sensitive locations like;

a. Wetlands: a wetland is distinct area where that is seasonally or permanently flooded with water. Building in such areas should be limited since the water is essential for human survival. Water in such areas also supports various Eco-systems and thus should not be tampered with. Building near wetlands also promotes pollution and thus should be avoided.

b. Prime farmland: this is a designated place by the United States department of agriculture that has the best physical and chemical environmental conditions for agricultural activities. They also need to be protected.

c. Floodplains: this is a low-lying area that forms part of a river basin where the river stretches out across the banks during flooding. Building in such areas should be prohibited since they can cause collapse and loss of lives. Buildings in such areas are also prone to pollution and thus should be avoided.

6 0

3 years ago

captivating inc. is a motivational consulting business. at the end of its accounting period, may 31, 20y2, captivating inc. has

Crazy boy [7]

The Stockholders’ equity as of October 31, 20Y2 is: $546,270.

<h3>Stockholders’ equity </h3>

Using this formula

Stockholders’ equity =Assets - Liabilities

Where:

Assets= $798,640

Liabilities= $252,370

Let plug in the formula

Stockholders’ equity =$798,640-$252,370

Stockholders’ equity =$546,270

Therefore the Stockholders’ equity as of October 31, 20Y2 is: $546,270

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The complete question is:

captivating inc. is a motivational consulting business. at the end of its accounting period, may 31, 20y2, captivating inc. has assets of $798,640 and liabilities of $252,370. using the accounting equation and considering each case independently, determine the:

Stockholders’ equity as of October 31, 20Y2.

3 0

2 years ago

Refresh produces soft drinks and sodas. Production of 100,000 liters was started in February, 85,000 liters were completed. Mate

liberstina [14]

Answer:

$51,000

Explanation:

Equivalent production = 85,000 + [40% × (100,000 - 85,000)] = 91,000 units. Given.

Total Production = 100,00 litres

Completed = 85,000

Material Cost = $38,220

Conversion Cost = 16,380

Beginning work process = 0

End work process = 40%

Uncompleted Production = 100,000 - 85,000 = 15,000

Total Cost = 38,220 + 16,380 = 54,600

First we Calculate the Total Units of Production

This is given by:

Total Units of Production = Completed Production + [40% × (Uncompleted Production)] =

Total Units of Production = 85,000 + [40% × (15,000)]

Total Units of Production = 91,000 units.

Calculating Cost per unit = Total Cost/Total Units

Cost per unit = ($38,220 + $16,380)/91,000

Cost Per Unit = $0.60;

Cost Transferred = Materials Cost * Cost Per Unit

Costs Transferred = 85,000 × $0.60 = $51,000

5 0

3 years ago

Read 2 more answers

A lottery claims its grand prize is $15 million, payable over 5 years at $3000000 per year. If the first payment is made imm

xz_007 [3.2K]

Answer:

$ 11, 978,133.75

Explanation:

The grand prize of 15,000,000 is worth the present value of the prize at an 8% interest. The prize is paid every year, meaning its an annuity case.

The present value of an annuity is calculated using the formula

PV = P × <u> 1 − (1+r)−n </u>

Where

P $3,000,000

r is 8% 0r 0.08

n is 5

PV = $3,000,000 x <u>1-(1+0.08) - 5</u>

0.08

PV =$3,000,000 x<u> 1 - 0. 6805831</u>

0.08

PV = $ 3,000, 000 x 3.99271

PV = 11, 978,133.75

3 0

4 years ago

At October 1, Arcade Fire Enterprises reported stockholders' equity of $35,000. During October, no stock was issued and the comp

lukranit [14]

Answer: The amount of dividend paid during the month is $7,000.

Explanation: You need to prepare a simple movement schedule (an extract from the statement of changes in equity) to solve this question as follows:

Arcade Fire Enterprises

Stockholders' equity, begining of the month $35,000

Net income (addition) 9,000

Dividend paid (XXXX)

Stockholders' equity, end of the month 37,000

To get XXXX, you need to make it the subject of the formula:

$35,000 + $9,000 - XXXX = $37,000

$44,000 - XXXX = $37,000

XXXX = $44,000 - $37,000

XXXX = $7,000

Note that <u>dividends are always paid out of stockholders' equity.</u>

5 0

3 years ago