« previous next »

Author Question: A village's legal debt limit is 20 million. Its outstanding general obligation debt is 9 million. ... (Read 61 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: Jul 5, 2018
A village's legal debt limit is 20 million. Its outstanding general obligation debt is 9 million. The full value of its real property is 520 million, which includes 40 million of property that is exempt from taxation.
 
  What is the village's debt burden?
   a. 1.7
   b. 1.9
   c. 3.8
   d. 4.2

Question 2

An adjustment resulting from a creditor reducing the amount owed on an unpaid invoice due to an invoicing errorwould be recorded in the
 a. general journal
  b. purchases journal
  c. cash payments journal
  d. cash receipts journal


b614102004

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

A general hospital A general hospital
Overview of lymphatic system structures and the general direction of lymph flow from the extremities ... Overview of lymphatic system structures and the general direction of lymph flow from the extremities ...
A mechanism for peptidyltransferase involving A2451 (E. coli) as a general base A mechanism for peptidyltransferase involving A2451 (E. coli) as a general base
General Characteristics of Nervous Tissue General Characteristics of Nervous Tissue
Earth 340 Million Years Ago Earth 340 Million Years Ago
Earth 200 Million Years Ago Earth 200 Million Years Ago
Video: Steps of glucose catabolism

For a complete list of videos, visit our video library