Author Question: A village's legal debt limit is 20 million. Its outstanding general obligation debt is 9 million. ... (Read 71 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
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
Answer to Question 1

b

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

For a complete list of videos, visit our video library