The Assembly Insurance Committee will convene a December 13 oversight hearing in Pasadena to discuss Insurance Commissioner Ricardo Lara's plan to address California's homeowners insurance crisis. The plan is Insurance Strategy. known as the Super Creative California. Sustainable

The Assembly Insurance Committee will convene a December 13 oversight hearing in Pasadena to discuss Insurance Commissioner Ricardo Lara's plan to address California's homeowners insurance crisis. The plan is Insurance Strategy. known as the Super Creative California. Sustainable

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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At the HWENTIA METROPOLITAN ASSEMBLY, a resolution was passed in line with the provisions of chapter 13 of the 1992 Constitution of Ghana. During the meeting to pass the resolution, the Lord Mayor, Hon. Alhaji Prekese reiterated that “no money shall be spent for any purpose without the prior approval of the local assembly.” In approving the budget for the year, the Assembly had authorized spending of GHS 1,300,000 for road maintenance. Later in the year, after the Assembly had spent virtually the entire budgeted amount, a major storm washed out portions of several roads leading to one of the Local Authority Schools- Offinso Kokoti Local Authority Middle School (OKLAMS). The school was inaccessible, and the Lord Mayor wanted to enter into an emergency contract to repair the roads. City engineers estimated that the cost of the repairs would be about GHS 350,000. If the assembly entered into such a contract, the total amount spent on road maintenance for the year would be greater than the…
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