Answer:
The answers are:
B) Transfer the remaining funds to the debt service fund which will be handling the long-term debt incurred for the construction of the building.
C) Return the excess to the source of the restricted funding.
Explanation:
The fund balance of $12,000, means that the money left over was $12,000. When a government entity's project has a left over or excess, called surplus, it must first return it to the debt service fund.
At the end of the construction project if any money is left over, it must be returned to the source of the restricted funding.
Answer:
The civil court filing must be dismissed because of the constitutional right against double jeopardy.
Explanation:
Double jeopardy is the legal concept that protects a person from being tried again for the same or similar charge following his aquittal or conviction.
Fred Arden has been tried in criminal court and found innocent. Shawn is trying to sue him again for the same act in civil court.
This is against the rule of double jeopardy.
Answer:
Bond Price = $903.585916 rounded off to $903.59
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,
Coupon Payment (C) = 1,000 * 0.083 = $83
Total periods (n) = 7
r or YTM = 0.103
The formula to calculate the price of the bonds today is attached.
Bond Price = 83 * [( 1 - (1+0.103)^-7) / 0.103] + 1000 / (1+0.103)^7
Bond Price = $903.585916 rounded off to $903.59
FalseTo become a secured party, the creditor must gain a security interest in the collateral of the debtor. Guarantee of obligations in a broad sense, are those legal acts aimed at guaranteeing or reinforcing the position of the creditor against a possible default of the debtor.
The fact that Zipcar wants to evaluate the company's service quality by measuring the area between a customer's expectations of desired service and the minimum level of acceptable service means that he is using the marketing metric called zone of tolerance.The zone of tolerance is <span>the difference between desired service and the level of service considered adequate”</span>