Answer:
$828.36
Explanation:
As for the information provided,
The value = $1,000
Life = 20 years, since interest is semi annual, effective period = 20 
= 40 periods.
Semi annual interest = $40
Annual interest = 10%, effective interest rate = 5%
Future Value Interest rate = $40 
= $40 17.159 = $686.36
Future Value of Principal = $1,000 
= $1,000 0.142 = $142
Thus, current price of bond = $686.36 + $142 = $828.36
The law is Mello-Roos Community Facilities Act of 1982.
Senator Henry Mello and the Assemblyman Mike Roos worked together in order to enact the "Mello-Roos Community Facilities Act of 1982," which authorized local governments and the developers to form Community Facilities Districts (CFDs) to issue tax-exempt bonds to fund public works.
The Mello-Roos Community Facilities Act of 1982 is a statute that is used to finance public services in newly built regions, such as waste treatment facilities, parks, and schools. This might result in additional taxes on top of the regular property taxes and must be disclosed to any buyer prior to the acquisition.
Therefore, the answer is Mello-Roos Community Facilities Act of 1982.
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Answer:
The Firm's Total Liabilities is $450
Explanation:
Use the accounting equation to calculate the Total Liabilities
Total Assets = Total Equity + Total Liabilities
Now rearrange the accounting equation to make the required formula
Total Liabilities = Total Assets - Total Equity
Where
Total Assets = $500
Total Equity = $50
Placing values in the formula
Total Liabilities = $500 - $50
Total Liabilities = $450
Number of firms -one
Nature of product-a unique product with no close substitute
Entry- completely blocked
Information - complete
Collusion between sellers - irrelevant
Firm's control over the price of product - considerable , but limited by market demand and goal of profit maximisation
Demand curve of the firm's product - equals market demand curve : downward sloping
Long-run economic profit - can be positive
A change from straight-line depreciation to double-declining-balance depreciation would be reported as a restatement of the prior period statements only.
The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.
Depreciation expense is apportioned to charge a reasonable portion of the depreciation amount for each accounting period over the expected useful life of the asset. Depreciation includes the depreciation of assets with a predetermined useful life.
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