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 amount authorized. Recognizing the need for prompt action, the mayor immediately entered into the contract without seeking prior approval. Required:
Comment on the legal, financial, and accounting implications of this scenario.

The state in which the manufacturing company you work for is located regulates the presence of a particular substance in the environment to concentrations ≤ x. recently-released, reliable research endorsed by the responsible federal agency conclusively demonstrates that the substance poses no risks at concentrations up to 5x. your company has asked you to consider designing a new process with a waste discharge stream containing up to 2x of the substance. based on the stated conditions, describe this possible.

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.

You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $400 billion, (2) investment = $40 billion, (3) government purchases = $90 billion, and (4) net export = $25 billion. if the full-employment level of gdp for this economy is $600 billion, then what combination of actions would be most consistent with closing the gdp gap here?