User Account

All Pages

Traverse county needs a new county government

Assignment Help Accounting Basics
Reference no: EM13900878

Traverse County needs a new county government building that would cost $ 10 million. The politicians feel that voters will not approve a municipal bond issue to fund the building since it would in crease taxes. They opt to have a state bank issue $ 10 million of tax  exempt securities to pay for the building construction. The county then will make yearly lease payments (of principal and interest) to repay the obligation. Unlike conventional municipal bonds, the lease payments are not binding obligations on the county and, therefore, require no voter approval. 

Required:
1. Do you think the actions of the politicians and the bankers in this situation are ethical? 
2. How do the tax exempt securities used to pay for the building compare in risk to a conventional municipal bond issued by Traverse County?

Reference no: EM13900878

Questions Cloud

Can you explain acid and base relationship in chemistry : Can you explain acid and base relationship in Chemistry? Ie. Nacl and OH and how you can identify the prosperity of an acid and base question
Meaningful effects on environmental issues : Defining effective personal actions that have meaningful effects on environmental issues and problems is a question for every responsible citizen. Nobody wants to spend time, money and energy doing things that have few meaningful outcomes.
How many workers were unemployed less than five weeks : How many workers were unemployed for 27 or more weeks? What percentage of all unemployed workers do these workers represent? How do these numbers compare to the previous month's data?
Write the null and alternative hypotheses : Using a .05 level of significance, is there evidence of a difference in the average time to assemble a part between the two programs? Please write the null and alternative hypotheses for both 1 and 2
Traverse county needs a new county government : Traverse County needs a new county government building that would cost $ 10 million.
Analyze the internal control weaknesses in the system : Analyze the internal control weaknesses in the system. Model your response according to the six categories of physical control activities specified in SAS 78/COSO.
Discuss how the bureaucratic government organization nasa : Discuss how the bureaucratic government organization NASA worked in remarkable unison to save the crew of Apollo 13
Which nation experienced the most inflation : Using the increase in the local currency price of the Big Mac in each country to measure the percent change in the overall price level from 2003 to 2009, which nation expe- rienced the most inflation? Did any of the nations experi- ence deflation?
Emphasis on correct and verified solution : Organic Chemistry. Please provide complete, correct and detailed solution done on computer or by hand. Emphasis on correct and verified solution. This is all the information provided

Reviews

Write a Review

Accounting Basics Questions & Answers

  Ccc4 natalie had a very busy december at the end of the

ccc4 natalie had a very busy december. at the end of the month after journalizing and posting the december transactions

  On december 31 of the current year a companys unadjusted

on december 31 of the current year a companys unadjusted trial balance included the following accounts receivable debit

  Units of q-chip sold at the break-even point

Q-Chip Plus has variable costs per unit of $35 and a selling price of $65. Konerko's fixed costs are $540,000. How many units of Q-Chip would be sold at the break-even point?

  Computation of revenue

During the year, we received $7,000 in advance of performing the services. These services will be performed next year in 2009. Can you show the computation of revenue for 2008 on cash basis?

  You have been hired as a consultant for pristine urban-tech

you have been hired as a consultant for pristine urban-tech zither inc. putz manufacturers of fine zithers. the market

  Determine the total conversion cost

In the manufacture of 10,000 units of a product, direct materials cost incurred was $135,700, direct labor cost incurred was $82,000, and applied factory overhead was $37,500. What is the total conversion cost?

  Determine the amounts of factory labor costs transferred to

a summary of the time tickets for the current month

  How is treasury stock shown on the balance sheet

A corporation has 50,000 shares of $100 par value stock outstanding. If the corporation issues a 4-for-1 stock split, the number of shares outstanding after the split will be  200,000 shares.

  Determine the rate and efficiency variances for the

sifford corporation which males landing gears has provided the following data for a recent month budgeted

  What are the two primary ways for a company to finance its

what are the two primary ways for a company to finance its business? which would you choose if you were forming a

  Key arguments for and against accounting treatment

Imagine that management is considering a nonreciprocal transfer of an old asset. Determine the key arguments for and against the accounting treatment of a nonreciprocal transfer. Select a position for or against the accounting treatment, and exp..

  On july 1 2010 brower industries inc issued 8000000 of

on july 1 2010 brower industries inc. issued 8000000 of 5-year 11 bonds at an effective interest rate of 12 receiving

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd