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Question - A member of Jefferson City Council offers to help the council earn extra cash for its project in Bond Issue for a Stadium for a High School. The Council is considering Issuing Revenue Bonds 0f $2,000,000 at 5% annual interest rate. The Council Member offers to get its Bank to lend the Council $2,000,000 at 3% annual rate. By so doing the Council will save 2% of which 1% will be put into use by General Fund and 1% if for bonus for council members.
Required -
a. What ethical principles do recognize in the Council member's proposal in this case? List but do not discuss.
b. Who are the principal stake holders in this case?
c. Who would be held responsible if the Council went along with the proposal and things went wrong? List but do not discuss.
Draw the model for auto fuel economy. Clearly label it, showing what the 68-95-99.7 Rule predicts about miles per gallon. In what interval would you expect the central 68% of autos to be found?the lowest 3%
Sales were $820,000 in August and $865,500 in September. Create a three-month cash budget, including a schedule for cash collections and material payments.
In completing his Federal income tax return for both 2004 and 2005, Chester intends to file as head of household and to claimHeloise as his dependent. Comment on the propriety of what Chesterplans to do.
Accounting for available-for-sale investments On July 1, 2016, Bella's Restaurant decides to invest excess cash of $51,200 from the tourist season.
A company has a receivables turnover of 10 times. The average receivables timing the period are $500,000. What is the amount of net credit sales for the period
Which of the following is the recommended approach to handling interest incurred in financing the construction of property, plant and equipment?
Auditor plans to choose a sample using systematic selection with a random start. The primary advantage of such a systematic selection is population items
Make the entry to record the dishonor of the note, assuming that Pan Company expects that Da Inc. will not be able to pay in the future
During this same time period, the company paid $64,000 in cash expenses. If cash at the end of the month totals $148,000, how much cash was received on account
Identify potential threat(s) to independence & recommend safeguards (if any) to reduce the independence threat(s) identified
The company has run into hard times and the yield to maturity on the bonds has increased to 13%. What is the price of the bond now
Which products should be processed further or not? Why? Give the total dollar impact to income for each product based on your recommendation
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