Question
At 12/31/2017 there was $358,125 in delinquent taxes. By 12/31/2018 the tax collector had collected $317,000 in 2017 delinquent taxes. On 12/31/2018, there was $382,457
At 12/31/2017 there was $358,125 in delinquent taxes. By 12/31/2018 the tax collector had collected $317,000 in 2017 delinquent taxes. On 12/31/2018, there was $382,457 in delinquent taxes.
a) What is the collection rate for the 2017 delinquent taxes?
b) What amount of 2018 delinquent taxes can be anticipated in the 2019 budget?
. Calculate the A) Minimum Principal Down-Payment on a Bond Anticipation Note for the 2020
Budget. The BAN was issued on June 1, 2016 for $5,000,000 and rolled over 2017, 2018 & 2019.
The BAN was for the Municipal Complex, which has a useful life of 30 years. The interest rate
On the BAN is currently 2%. The Current Outstanding Balance on the BAN is 12/31/19 $4,900,000.
Minimum principal down payment?
How much interest do you have to appropriate in the 2020 Budget?
Interest Schedule?
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Business Law and the Legal Environment
Authors: Susan S. Samuelson, Jeffrey F. Beatty
7th edition
1285860381, 978-1305445864, 1305445864, 978-0357689646, 978-1285860381
