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ruslelena [56]
3 years ago
6

A municipal bond is issued with a covenant that states "if revenue collections are insufficient, the state legislature has the a

uthority, but not the obligation, to make an annual apportionment of funds necessary to meet debt service requirements." This is a:
Business
1 answer:
Vika [28.1K]3 years ago
5 0

Answer:

Moral obligation bond

Explanation:

Moral obligation bond is defined as a revenue bond that is issued by a municipality or by some other government body.

The benefits of moral obligation bonds are tax exemption and a moral pledge that there will be no default on the bond.

Usually a reserve fund is established in case the issuing body is unable to meet its debt obligations.

In this scenario the bond is issued with a covenant that states "if revenue collections are insufficient, the state legislature has the authority, but not the obligation, to make an annual apportionment of funds necessary to meet debt service requirements."

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The name of this statement that was prepared by the Midwest flight attendants is: Submission Agreement

Submission Agreement is a singular case which the complainant pushes forward as the main case that they want to be settled.

A submission agreement was prepared by the Midwest Flight attendants. Their singular grievance was that they were treated unfairly.

So, they submitted a Submission Agreement to the arbitration hearing.

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2 years ago
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Hahahahahahahha is it that much difficult

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3 years ago
A U.S. firm has sold an Italian firm €1,000,000 worth of product. In one year the U.S. firm gets paid. To hedge, the U.S. firm b
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The firm will realize $1,640,000 on the sale net of the cost of hedging.

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3 years ago
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When reviewing the balance sheet for Portable Pet Care, Inc., a mobile small animal care business, Ricky noted the following inf
mash [69]

Answer:

The net worth (owners' equity) for this business is $2.2 million

Explanation:

Net worth: It is also known as owner's equity which is a difference between total assets and total assets.

In this question, we use the accounting equation which is used to balance the debit and credit side of the balance sheet items.

So, the accounting equation is

Total Assets = Total Liabilities + Owner's Equity

where,

Company assets are $3.5 million

And, liabilities is $1.3 million

Now, apply the above equation to find out the value of the owner's equity

So, owner equity would be equals to

= $3.5 million - $1.3 million

= $2.2 million

Hence,  the net worth (owners' equity) for this business is $2.2 million

3 0
3 years ago
The following transactions have been journalized and posted to the proper accounts: 1. Mark Call invested $7,000 cash in his new
goblinko [34]

Answer:

$6,450

Explanation:

Calculation to determine the balance in Cash for this design service business

Using this formula

Cash balance=Cash Amount invested+Cash Received-Rent- Equipment purchased-Supplies

Let plug in the formula

Cash balance=$7,000+$3,000-$700-$2,000-$850

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Therefore the balance in Cash for this design service business is $6,450

8 0
3 years ago
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