Discuss what type of fund you would use to account

Assignment Help Finance Basics

Reference no: EM131967827

Question: Discuss what type of fund you would use to account for the following activities: A city is about to construct a new sports arena. It will use a Capital Projects Fund to account for the accumulation of resources to build the arena. They city council has passed a law calling for a special hotel-motel occupancy tax to pay the debt service on the bonds issued to build the arena. In what fund should the occupancy tax be accounted for?

Fed up with the poor response time in restoring power resulting from damages caused by recent storms, the city acquires the resources of a private electric power company.

The city issues revenue bonds to pay for the power company's assets; the bonds are secured solely by a pledge of the net revenues resulting from the charges for supplying power to the citizens of the city and to city government offices.

To ensure that the city obtains the best possible price for its supplies and equipment, the city decides that all agencies within the government must obtain needed supplies through the city's purchasing department. The purchasing department will obtain a warehouse for certain items used by all departments.

Reference no: EM131967827

Questions Cloud

List and describe the three stages of labor : List and describe the three stages of labor. What is the difference between heterozygous and homozygous expression of genes?

How much money do they need to put into the account : how much money do they need to put into the account today to ensure that they will have $95,000 in 8 ?years?

Discuss the importance in credit analysis : Discuss the importance of a bank's credit culture in managing credit risk. What are the five Cs of credit? Discuss their importance in credit analysis.

Special purpose entity to buy their accounts receivable : A firm creates a Special Purpose Entity to buy their accounts receivable. Special Purpose Entity to buy their accounts receivable.

Discuss what type of fund you would use to account : Discuss what type of fund you would use to account for the following activities: A city is about to construct a new sports arena.

How much interest will he pay over the life of the loan : Larry Davis borrows $150,000 at 4 percent interest toward the purchase of a home. His mortgage is for 15 years.

What was the risk-premium on large-company stocks : large-company stocks returned 16%, U.S. Treasury bills returned 0.08%, and inflation was 1.74%. What was the risk-premium on large-company stocks?

The company need to meet its target fixed assets-sales ratio : how large of an increase in fixed assets will the company need to meet its target fixed assets/sales ratio?

What is the firms tax liability : The firm also had $8 million in depreciation expense, and sold land for $3.5 million that had been purchased for $2.5 million several years earlier.

User Account

All Pages