Find the total expenditure for the transaction

Assignment Help Cost Accounting

Reference no: EM13169983

Marloweville, with 20000, residents, is deciding how to finance the construction of a new municipal golf course that will enhance both recreation and tourism in the area. The construction costs of the golf course is $10,000,000. By law all proceeds from debts issuance are placed in the Marlowevilles capital projects fund and all capital expenditures are made using this fund.

1. Show how Marloweville would record the transactions if it were to issue a $10,000,000 bond and then use the proceeds to construct the golf course.

2. Show how Marloweville would record the transactions if it were to finance 50% of the contruction with a miniciple bond and 50% through a transfer from the Rainy Day Fund (a govermental fund)

3. If at the end of the fiscal year, Marloweville makes a loan repayment of $250,000 plus a $50,000 interest payment, find the total expenditure for the transaction?

Reference no: EM13169983

Questions Cloud

Explain when thermal equilibrium is reached : Will the temperature of the water be greater than or less than 20 C when thermal equilibrium is reached? Calculate the final temperature

State the initial concentration of ag : A voltaic cell is constructed from an Ni^2+(aq)-Ni(s) half-cell and an Ag^+(aq)-Ag(s) half-cell. The initial concentration of Ni^2+(aq) in the Ni^2+-Ni half cell is [Ni^2+] = 1.1*10^-2M.

Determine how to minimize individual income tax : Conduct basic tax research and tax planning on individual federal taxation issues and determine how to minimize individual income tax within specific risk and legal parameters.

Presume that the maximum number of atp''s is produced : Assume that the maximum number of ATP's is produced (38). At pH 7, and in the presence of excess Mg2+

Find the total expenditure for the transaction : Show how Marloweville would record the transactions if it were to issue a $10,000,000 bond and then use the proceeds to construct the golf course.

Find out the volume of sulfuric acid solution needed : Determine the volume of sulfuric acid solution needed to prepare 37.4 g of aluminum sulfate, Al2(SO4)3, by the following reaction 2Al(s)+3H2SO4 (aq)= Al2(SO4)3 (aq) +3H2 (g)

Show the components of teamschedule : Show the components of TeamSchedule and how does the use of TeamSchedule and TeamTEC improve the monitoring and reporting of resources?

Will the reported percent caco3 in the original sample : the water for the pan is not saturated with CO2. Will the reported percent CaCO3 in the original sample be too high, too low, or unaffected? Explain

State alkenes can be converted to alcohols by reaction : Alkenes can be converted to alcohols by reaction with mercuric acetate to form a ?-hydroxyalkylmercury(II) acetate compound, a reaction called oxymercuration. Subsequent reduction with NaBH4 reduces

User Account

All Pages