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Basile [38]
3 years ago
6

The City of Bamberg, which has a fiscal year end of December 31, issued a nine month $1,000,000 bond anticipation note on July 1

. The city is planning to renew or re-issue the bond anticipation notes for another six month period when they mature. What would the Capital Projects Fund liability for the note be on December 31?
Business
1 answer:
evablogger [386]3 years ago
5 0

Answer:

$1,000,000

Explanation:

The computation of the Capital Projects Fund liability for the note is shown below:

= Issued price

= $1,000,000

The time period should be ignored. As the question has asked about the Capital Projects Fund liability , so we consider only the amount i.e  $1,000,000 without considering its time period, and the dates which are mentioned in the question.

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South africa’s is a cool place,
7 0
2 years ago
Rylan Corporation received an offer from an exporter for 25,000 units of product at $16 per unit. The acceptance of the offer wi
hammer [34]

Answer: a.$275,000

Explanation:

Let us assume local production sales of 0 for simplicity of analysis.

At 0 there will be no Variable Costs and no fixed costs because they are dependant on the amount of units produced.

If then Rylan Corporation receives 25,000 units at $16 per unit this will change the Variable costs as it will have to incorporate the new units.

The question however says that normal production continues. This means that Fixed costs do not change. That means fixed costs remain at $0.

That means the only change will be the Variable costs of selling 25,000 units.

At a rate of $11 per unit we then have,

= 11 * 25,000

= $275,000

The costs have increased by $275,000 from 0 which means that $275,000 is the Incremental cost.

Note that Fixed and Variable costs of 0 are improbable and we're only used for simpler analysis. Feel free to try the question with other number of units for your own practice. You will arrive at the same answer regardless.

8 0
3 years ago
Charles Schwab in 1971 was determined to build a stock brokerage firm that would be different. He cited that he was disturbed by
Alecsey [184]

Answer:

D) The Agency Problem

Explanation:

The agency problem refers to a conflict of interests between the principal and his/her agent. Agents have a fiduciary duty to act on the best interest of their principal, but sometimes agents place their own personal interest before the interests of their principal.

in this case, the brokers should act on behalf of their clients to make them earn the largest possible profits, but instead they focus on convincing them about transactions that increased the broker's profit and not the clients'.

4 0
3 years ago
Beachware, Inc., wants to issue stock of $4 million in a single offering. The corporation must provide disclosure documents that
Nesterboy [21]

The corporation must provide disclosure documents that generally are the same as those used in registered offerings to any unaccredited investors.

<h3>What is unaccredited investors?</h3>

Any investor who does not meet the Securities and Exchange Commission's income or net worth requirements is considered a non-accredited investor (SEC).

Because of the limitations described above, many companies discover that raising funds from non-accredited investors often results in incremental professional fees equal to or greater than the amount raised from these investors.

The Securities and Exchange Commission's rules distinguish between "accredited investors" and "non-accredited investors." "Accredited investors" may purchase securities that have not been registered with regulatory authorities, whereas "non-accredited" investors have fewer investment options.

To know more about unaccredited investors follow the link:

brainly.com/question/25300925

#SPJ4

5 0
1 year ago
Bailey Industries expects sales for​ January, February, and March to be​ $220,000, $260,000, and​ $300,000 respectively. It is e
OlgaM077 [116]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Sales:

January=$220,000

February= $260,000

It is expected that​ 75% of its sales will be collected in cash during the month of​ sale, and the remaining​ 25% will be collected in the month following the sale.

<u>Cash collection:</u>

From January= 220,000*0.25= 55,000

From February= 260,000*0.75= 195,000

Total cash collection= $250,000

3 0
3 years ago
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