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beks73 [17]
3 years ago
9

HELP!

Business
1 answer:
miskamm [114]3 years ago
3 0
Consumer and suppliers
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The City of McNeely sold bonds in the amount of $25,000,000 to finance the construction of a public health center. The bonds are
Orlov [11]

Answer:

1. To Record the cash received on issue of bonds.

Date     Account Titles and Explanation          Debit              Credit

             Cash                                                  $25,000,000

                   Other financing uses-Bond proceeds                  $25,000,000

              <em>(To record the cash received on the issue of Bond)</em>

2. To Record the inception of the construction contract.

Date     Account Titles and Explanation          Debit              Credit

             Encumbrances                                 $22,000,000

                       Encumbrances outstanding                           $22,000,000

             <em>(To Record the inception of the construction contract) </em>

3. To Record the encumbrances outstanding on account of the construction contract.

Date     Account Titles and Explanation      Debit             Credit

            Encumbrances outstanding        $12,000,000

                    Encumbrances                                              $12,000,000

          <em> (To Record the encumbrances outstanding on account) </em>

Date     Account Titles and Explanation        Debit            Credit

              Construction Expenditure            $12,000,000

                       Construction payable                                 $12,000,000

          <em> (To Record the encumbrances outstanding on account) </em>

<em />

4. To Record the transfer of the balance in the fund balance account.

Date     Account Titles and Explanation        Debit            Credit

             Other Financing sources -            $25,000,000

             Proceed of Bonds

                     Fund balance - Restricted                            $13,000,000

                     Construction Expenditure                             $12,000,000

           <em> (To record the construction expenses paid)</em>

7 0
3 years ago
In terms of interests in real property, this is not an interest in land but a temporary right to use another's land for a limite
kifflom [539]

Answer:

a leasehold      

Explanation:

Leasehold relates to an accounting phrase for a rented resource. Usually the asset is estate such as a house or storage within a building. The lessee buyouts with the property owner in return for a sequence of planned payouts throughout the lease term, for the lawful right to utilize the estate.

Once a lease agreement is signed, to a degree permitted by the deal, the purchaser or tenant starts to construct the accommodation for its activities. In commercial real estate, leaseholds are much more popular whereby supermarkets as well as other facilities can be constructed on the ground but often occur in housing uses, such as homes and condos.

7 0
3 years ago
If the commercial is TRUE that every additional bite of food tastes as good as the first, the marginal utility from consuming mo
zlopas [31]

Answer: If the commercial is TRUE that every additional bite of food tastes as good as the first, the marginal utility from consuming more of the advertised product must be CONSTANT. Option D.

Explanation:

Marginal utility is the additional satisfaction an individual gets, from consuming an additional unit of a product or service.

Therefore, in the scenario given above, if every additional bite of food tastes as good as the first, then the additional satisfaction is just as good as the preceding satisfaction. We can therefore say that the marginal utility gotten from consuming that product is constant.

4 0
3 years ago
The common stock of the Avalon Corporation has been trading in a narrow range around $40 per share for months, and you believe i
Monica [59]

Answer:

C. Sell a straddle

Explanation:

Considering the following calculation: Sell a straddle = sell a put + sell a call

and,

Premium income for selling a straddle = (P + C )100 = ($3 + $4)(100) = $700.

a short straddle involves simultaneously selling a put option and call option with the same underlying asset, same exercise price and expiration date

By Selling a 3 month put option with exercise price of $40 one will get $3 (inflow of $3)

Simulatenously By Selling a 3 month call option with exercise of $40 one wiil get $4(inflow of $4)

Thus the total premium income of selling a straddle is $7

7 0
3 years ago
Xcel chpter 8 phil is shopping for an annuity that guarantees he cannot outlive the benefits. which of these benefit options wou
N76 [4]
The answer to this question is <span>Guaranteed lifetime withdrawal benefits
in the </span><span>Guaranteed lifetime withdrawal benefits the rider will be allowed to withdraw of invested amount without waiting for the benefir will be annuitized. This type of benefit options will be perfect for people who believe they wouldn't live long enough to see the benefit is fully annuitized. (in most cases, they have previous health concern)</span>
7 0
3 years ago
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