Answer:
revenue bonds
Explanation:
A revenue bond is a Municipal bond used to fund projects that yield income and are secured through a particular source of revenue.
Characteristics of revenue bond.
1. It takes long time to maturity.
2. It yields more returns than the general obligation bond.
The purpose of a revenue bond is so that government can finance projects that generates income such as toll roads, airports, seaports, electricity projects, water projects etc.
Answer:
Total Asset $2,381,500
Net income $298,500
Explanation:
Overstated Inventory Leads to the overstatement of Total Assets value and Net Income. Ending Inventory Value is added in the total asset balance, overstatement in ending inventory causes overstatement in total assets.
The Ending Inventory is also used in the calculation of Cost of Goods sold. Overstated Inventory will cause understatement in Cost of Goods sold and overstatement in Net Income.
To rectify its effect we will deduct the overstated value of Inventory from Total Asset balance and Net Income value.
Total Asset = $2,407,000 - $25,500 = $2,381,500
Net Income = $324,000 - $25,500 = $298,500
Answer:
Demand.
Explanation: Because the demand is how much or what they want while supply is how much they can give.
