How should the village manager respond?

Assignment Help Accounting Basics
Reference no: EM13868918

The county of Edvic is facing a General Fund deficit in 2013 because actual tax collections are lagging behind estimates. At a staff meeting, the village manager tells the chief of public works that the chief will need to terminate one employee in April to help keep the budget in balance. The chief of public works says:I have a better idea. You know that state grant the finance commissioner put into a Special Revenue Fund because it could be used only for planting trees along the highways? Why don, I just tell one of my boys to fill out his time sheets so that the time he spends changing street light bulbs is charged against the Special Revenue Fund. Neither our finance commissioner nor the state will ever know the difference. How should the village manager respond? 

Reference no: EM13868918

Questions Cloud

What reasons are there for small-town nursing home to engage : During the first year or two of its existence, what reasons are there for a small-town nursing home to engage in any sort of strategic planning
How a developing countrys decision to reduce trade affect : How might a developing country's decision to reduce trade restrictions such as import tariffs affect its ability to borrow in the world capital market?
Biography of jeremy bentham and his contribution : Write a 2 page biography of Jeremy Bentham and his contribution to the study of Ethics. Paper should be double-spaced, 12-point font, with one-inch margins, MLA
The topic of disorder relate to blood : Write the Assignment on topic Blood. Please include the topic of Disorder relate to blood, composition of blood.you paper should be between 1500- 2000 words.
How should the village manager respond? : Neither our finance commissioner nor the state will ever know the difference. How should the village manager respond?
How you measure size of argentinas sacri?ce of seigniorage : Why would Argentina have to give the United States seigniorage if it gave up its peso and completely dollarized its economy? How would you measure the size of Argentina's sacri?ce of seigniorage?
How quality management can be incorporated into the project : Research quality management processes and systems. Explain and describe how quality management can be incorporated into the project management processes for monitoring, controlling, and auditing processes
The television company sold a set costing : On October 2, 2010, the Television Company sold a set costing $400 to Jones for $600. Jones made a down payment of $150 and agreed to pay $25 the first of each month for 18 months thereafter.
Discuss the elements of social responsibility : Discuss the three elements of social responsibility. When discussing CSR, there's always the discussion of the cost associated (financial performance) with it. What is the relationship between financial performance and CSR

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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