A new subdivision was recently built within the city limits of Hattenville, Mississippi. The City Government has taken on the project of building and installing streetlights and benches within the subdivision. The City Government will issue five-year bonds in order to finance the project. According to the city’s laws and homeowner’s agreement, the provision of lighting the sidewalks is the responsibility of the homeowners. An excerpt from the bond agreement is provided below:
The aforementioned bonds are issued and held by the City Government. Provisions for repayment of the bonds will flow from the special assessment (property tax) that is levied against the homeowners. Failure by a home owner to pay the tax will result in the foreclosure of the homeowner’s property. The property will then be resold at public auction, and the proceeds will be used to finance repayment of the bonds. If a property is not sold at auction, City Government is not required to purchase the property. The City Government is not required to use proceeds from other funds to cover delinquencies while the foreclosure process is occurring, but does maintain the power to create a separate fund for the purpose of redeeming the bonds.
Given the facts provided, what type of fund should the City Government use to account for the debt service transactions?
During the construction phase, how should the source of funds be identified within the appropriate fund?
Is the type of assessment being used by the City Government a service-type special assessment or a capital improvement special assessment?
In: Accounting
A new subdivision was recently built within the city limits of Providence, Rhode Island. The City Government has taken on the project of building and installing streetlights and benches within the subdivision. The City Government will issue five-year bonds in order to finance the project. According to the city’s laws and homeowner’s agreement, the provision of lighting the sidewalks is the responsibility of the homeowners. An excerpt from the bond agreement is provided below:
The aforementioned bonds are issued and held by the City Government. Provisions for repayment of the bonds will flow from the special assessment (property tax) that is levied against the homeowners. Failure by a home owner to pay the tax will result in the foreclosure of the homeowner’s property. The property will then be resold at public auction, and the proceeds will be used to finance repayment of the bonds. If a property is not sold at auction, City Government is not required to purchase the property. The City Government is not required to use proceeds from other funds to cover delinquencies while the foreclosure process is occurring, but does maintain the power to create a separate fund for the purpose of redeeming the bonds.
Given the facts provided, what type of fund should the City Government use to account for the debt service transactions?
During the construction phase, how should the source of funds be identified within the appropriate fund?
Is the type of assessment being used by the City Government a service-type special assessment or a capital improvement special assessment?
Explain your analysis and document your conclusion fully, including specific references for relevant technical literature section(s) within the GASB Codification that were utilized in reaching your decisions.
In: Accounting
A function of two variables being continuous means
Select all that apply
The function is built from elementary functions and algebraic operations.
We can evaluate limits of the function by simply plugging in values.
Its graph can be drawn without lifting up the pencil
The function's value at each point of the domain is equal to its limit there.
All the partial derivatives exist.
In: Advanced Math
In R:
Consider dataset “juul” from library “ISwR”. (juul is a built in data set)
Are the means of igf1 equal among tanner groups at 5% level?
Please use the six step process to test statistical hypotheses for this research problem.
Note: You need to convert tanner from numeric to factor type and ignore all the NAs.
In: Statistics and Probability
In recent years, the Chinese government has allowed many automobile factories to be built in China by companies such as the Shanghai Automotive Industry. Many of these cars are intended for the Chinese market. At the same time, incomes in China are rising. Draw a clearly labeled graph to explain what is happening in the Chinese auto market.
In: Economics
Mighty Mugs is a retailer specialized in reusable mugs. All mugs are built out of metal and come in a wide variety of colors and patterns. Mighty Mugs started as a start-up in 2015 in Seattle and it has grown into a middle size company. Now that they have a significant sales volume, they have started to think about how to optimize their operations. You have been hired as a supply chain consultant and your first task is to improve the inventory management of one of their best-selling products, the Mighty Tumbler. The annual demand for Mighty Tumblers is normally distributed with a mean of 1963 and a standard deviation of 393. The annual holding rate is 20%, transaction cost $300 per order, and the cost per unit is $5. The lead time to receive the tumblers once an order has been placed is 2 weeks. Mighty Mugs owns the inventory from the moment it leaves the supplier's warehouse. (For planning purposes, consider 48 weeks in a year.) The current inventory policy being used by the company is to order 500 Mighty Tumblers every time the stock level hits 100 units.
Part A
1.What is the cycle service level offered by the current policy?
2.What is the item fill rate offered by the current policy?
Part B
1. Calculate the total annual inventory holding cost of the current inventory policy (order quantity of 500 units when stock level is at 100 units). Note: The inventory holding cost should include cycle stock, safety stock and pipeline inventory.
2. What is the Total annual inventory holding cost:
Part C
Propose a new continuous-review inventory policy that provides a 90% cycle service level at the minimum cost.
1. Order quantity Q:
2. Reorder point s:
Part D
1. Your boss thanks you for your proposal, but what she actually wants is a periodic-review policy in which new orders are placed once a month. This policy should provide a 90% cycle service level at the minimum inventory cost. What should be the value of Order-up-to-level S?
Part E
Mighty Mugs has decided to move forward with the periodic policy that you have proposed. Select other actions that could be taken to reduce the cost of inventory even further under this policy:
1.Decreasing the cycle service level.
2.Negotiating a shorter lead time.
3.Ordering bigger quantities.
4.Increasing the item fill rate.
5.Shortening the review period R.
6.None of the above
In: Statistics and Probability
You are given a trie that was built from a list of n (potentially non-unique) words, in which the longest word has length m. What is the best-case memory requirement for the trie (as a function of m and/or n)? What is the worst-case memory requirement? Draw a small example trie showing the data in both of the cases, and describe the dictionary inputs.
In: Computer Science
Bo was the owner of Lot No. 1 on which he had built his home. Sadia owned the adjoiningLots No. 2 and 3, which were undeveloped, along with Lot No. 4 on which Sadia’shome was located. Bo wished to acquire Lot No. 2 in order to protect his home sitefrom crowding if Lot No. 2 should be sold to a stranger.Meeting Sadia on the street on January 2, Bo explained his wish to acquire LotNo. 2 and offered to buy it from Sadia for $75,000 cash. Sadia agreed and promised todeliver a deed to Lot No. 2 in 4 weeks. Bo paid Sadia $1,000 as a deposit or downpayment towards the purchase price of $75.000.On February 1, Sadia told Bo that she had changed her mind. Bo demands thatSadia perform the contract. Sadia contends that if there is any contract, it is unenforceable.
(a) Was there an offer and acceptance sufficient to constitute a contract between Sadiaand Bo? Explain.
b) In an action by Bo against Sadia for breach of contract, judgment for whom? Explain.
(c) Assume that on January 10, Bo sent to Sadia his check for $1,000 bearing thenotation “On account of purchase price of Lot No. 2” and that Sadia cashed the check,but later refused to convey Lot No. 2. Would Bo’s payment constitute sufficient part performanceto enable Bo to enforce the contract against Sadia? Explain.
(d) If the contract is not enforceable, may Bo recover his $1,000? Explain.
(e) Assume that in addition to the payment, Bo, with Sadia’s knowledge and consent,entered on Lot No. 2 and had it cleared of brush on January 20 at a cost of $150,but Sadia still refused to convey. Would Bo be entitled to obtain a decree of specific performanceto compel Sadia to deliver a deed to Lot. No. 2 to Bo upon paying to Sadia thebalance of $74,000? Explain.
(f) Would Bo be entitled to recover his $1,000 payment plus the $150 cost of clearingthe land? Explain.
(g) Assume that on March 1. Bo instituted a suit for specific performance and thatSadia denied she had agreed to sell. At the trial, the court decided that Bo was tellingthe truth and ordered Sadia to execute and deliver to Bo a deed to Lot. No. 2 upon Bopaying the balance of $74,000. Is Sadia entitled to have the decision reversed on appeal,if on the appeal Sadia raises for the first time the defense that her agreement wasnot in a writing signed by the party to be charged? Explain.
In: Accounting
1) A rectangular window is built with 12 meters of framing materials. What must the dimensions of the window be to let in the most light? Use calculus to solve
2) What are the dimensions of an aluminum can that holds 40 cubic inches of juice and that uses the least material? The can is cylindrical and capped on both ends. Use calculus to solve
In: Math
In: Accounting