Suppose the extra cost for a municipality to enact a "no texting while driving" law is $15,000 per year. Then, the municipality should enact the law if it receives a total benefit from all of its traffic laws of $15,000 per year. A) True False
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- You own a construction company and have recently received a contract with the local school district to refurbish one of its elementary schools. You are given an up-front payment from the school district in the amount of $5 million. The contract terms extend from years 2018 to 2020. When would you recognize revenue for this payment? What method of accounting would you use for this construction project and why? What would be the benefits and challenges with your method selection? Give an example of your distribution selection and associated costs of the project (you may estimate based on other industry competitors). What might be some benefits and challenges associated with the other method of construction revenue recognition?CBA analysis for these two options Option A requires the purchase of a garbage collection vehicle that needs a two-person crew. The vehicle will cost $60,000 and each worker will be paid $20,000 a year. The city would pick up 400 tons of garbage annually, and for each ton of garbage collected, it would charge a $400 fee. The city would have annual revenue of $160,000 (400 × $400) from this operation. Option B requires a vehicle for a three-person crew. The vehicle will cost $80,000 and each worker will be paid $15,000 annually. With this option, the city’s garbage collection capacity would be 300 tons annually, so the annual revenue would be $120,000 (300 × $400). Using a three-year period and a discount rate of 5 percent, which option should be recommended in the budget request?Please write the CBA analysis for these two options Option A requires the purchase of a garbage collection vehicle that needs a two-person crew. The vehicle will cost $60,000 and each worker will be paid $20,000 a year. The city would pick up 400 tons of garbage annually, and for each ton of garbage collected, it would charge a $400 fee. The city would have annual revenue of $160,000 (400 × $400) from this operation. +Please fill in the correct answer in each blank provided below. Project A. NPV Present value of Benefits Present value of Costs
- The city of Bloomington is deciding if they are going to be able to justify an additional street light. The cost of the light to install is $14,000. City officials believe it will reduce the death rate at that intersection from 1.0% to 0.6%. Our guideline for valuing human life is $8M per person. What is the net of this cost benefit proposal? A. 32,000 B. 18,000 C. (18,000) D. (32,000)As an intem in the of town in Pennsylvania)you are asked to do a cost benefit analysis of building a new spanning the river flowing through the town. Currently, the existing bridge is 2 miles away with people who live in town having to drive across heavy traffic to reach it in order to get access to the town's shopping and employment center Assume that the new bridge will cost 25 million dollars, to be paid by a special income tax over the next 20 years What are the opportunity costs of that bridge? What are the benefits of the bridge? list and discuss all the benelits that come to mind What are additional costs beyond opportunity costs? (hint: Climate Change) would you recommend the building of the bridge? Any alternatives?(Related to Checkpoint 5.2) (Future value) Bob Terwilliger received $15,209 for his services as financial consultant to the mayor's office of his hometown of Springfield. Bob says that his consulting work was his civic duty and that he should not receive any compensation. So, he has invested his paycheck into an account paying 4.32 percent annual interest and left the account in his will to the city of Springfield on the condition that the city could not collect any money from the account for 150 years. How much money will the city receive in 150 years from Bob's generosity? The amount of money the city will receive in 150 years from Bob's generosity is $ (Round to the nearest cent.)
- A tax exempt municipality is considering the construction of a new municipal waste water treatment facility. Two different sites have been selected as technically, politically, socially, and financially feasible. The city council uses 6% interest rate for all analyses for public projects. The expected cash flow for the two alternatives are as follow: Year Alt. A Alt. B - $14082160 - $26368476 $1826323/year $3081175/year 0 1- 75 What is the incremental benefit/cost ratio? Enter your answer as follow: 12.34As part of a community initiative, funding is being sought from potential contributors to sustain a public park's maintenance costs. You are considering donating to cover all future expected maintenance expenses for the park. The projected maintenance costs are $48,000 per year for the first five years, $60,000 per year from years 6 to 10, and $72,000 annually thereafter, assuming the park has an indefinite service life. If the funds are placed in an account with a 15% annual interest rate, what should be the size of your donation?NEED BOTH QUESTIONS. .... As the tax assessor for Indian Creek County, you have been informed that due to budgetary demands, a tax increase will be necessary next year. The total market value of the property in the county is $900,000,000. Currently, the assessment rate is 35% and the tax rate is 30 mills. The county commission increases the assessment rate to 45% and the tax rate to 35 mills. (a)How much property tax (in $) was collected under the old rates? (b)How much more tax (in $) revenue will be collected under the new rates?
- The state government passes a law requiring localities to upgrade their water treatment facilities. The state then awards a grant of $500,000 to the Town of Midlothian to help pay for this cost. What type of revenue is this grant?a. Derived tax revenue.b. Imposed nonexchange revenue.c. Government-mandated nonexchange revenue.d. Voluntary nonexchange transaction.The state government passes a law requiring localities to upgrade their water treatment facilities. The state then awards a grant of $500,000 to the Town of Midlothian to help pay for this cost. What type of revenue is this grant? Derived tax revenue. Imposed nonexchange revenue. Government-mandated nonexchange revenue. Voluntary nonexchange transaction.After seeing its neighboring village obtain a new water tower, the city board of East Dubuque begins planning to replace its water towers. The board estimates that it will need $1,750,000 to build the new water towers in 20 years. At this time, the city board plans to assess its 2753 homeowners with a one-time flat fee surcharge and the n invest the money received in a CD paying 9% interest compounded daily(use n=360) for 20 years. a.) How much money will the board need to raise at this time to meet the city’s water tower needs at the end of 20 years? b.) Before applying the surcharge, the city board receives a federal grant of $100,000 toward the water tower investment. Taking this grant into account, how much should the surcharge be on each homeowner?