For each of the following situations, what amount would the insurance company pay? (L° L08.2) Wind damage of $1,835; the insured has a deductible of $500. Theft of a stereo system worth $4,000; the insured has a deductible of $500. Vandalism that does $425 of damage to a home; the insured has a deductible of $500.

The government has imposed a fine on JJ’s Place. The fine calls for annual payments of $60,000 one year from now, $70,000 two years from now, $75,000 three years from now, and $50,000 four years from now. The government plans to invest the funds until the final payment is collected and then donate the entire amount, including the investment earnings, to help the local community shelter. The government will earn 7.5 percent on the funds held. How much will the community shelter receive four years from today? Group of answer choices $328,572 $236,875 $277,491 $286,057 $281,748

Ee 381.

1.  Beachfront property owners of the Town of Eden Beach requested a seawall be constructed to protect their beach. The seawall was financed through a note payable, which was to be repaid from taxes raised through a special assessment on their properties. The Town guarantees the debt and accounts for the special assessment through a debt service fund. Assume the special assessments were levied in 2023, recording a special assessment tax receivable and deferred inflow in the amount of $330,000. One-third of the assessment is to be collected each year and used to pay the interest and principal on the note. Requried: Record the following transactions that occurred in 2024: On June 30, $110,000 of the assessments became due and currently receivable. (Hint: The special assessment tax is recorded as revenue in the debt service fund when it becomes due.) July 31, the $110,000 was collected. September 30, interest of $19,800 and principal of $90,200 were paid. December 31, the books were…