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Luba_88 [7]
2 years ago
14

An assessor explains to you that the market value of your property was converted to the assessed value using what's called an as

sessment ratio. The assessment ratio can also be considered what
Business
1 answer:
Anna11 [10]2 years ago
5 0

The assessment ratio, which is used to convert the value of property to the assessed value, can also be considered <u>Equalization Rate</u>.

<h3>What is the equalization rate?</h3>

The equalization rate is the ratio of the total assessed value (AV) to a municipality's total market value (MV).

The equalization rate is a measurement of a municipality's level of assessment (LOA) by the state.

This implies that the municipality determines the AV while the state determines the MV.

Thus, the assessment ratio, which is used to convert the value of property to the assessed value, can also be considered <u>Equalization Rate</u>.

Learn more about the equalization rate at brainly.com/question/5428406

#SPJ1

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Grassroots lobbying includes __________. using high-paid professionals to contact legislators testifying at government hearings
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<span>Grassroots lobbying, so called because it is carried out on the most basic level, includes urging group members to contact legislators. Such an action is designed to convince legislators of the breadth of concern and attention for a given issue on the part of private individuals.</span>
4 0
3 years ago
At the beginning of the​ year, Swift,​ Inc.'s Work-in-Process Inventory account had a balance of $ 124 comma 000. During the​ ye
son4ous [18]

Answer:

Ending WIP= 607,000

Explanation:

Giving the following information:

Inventory account had a balance of $124,000. During the​ year, $250,000 of direct materials were used in​ production, and $74,000 of direct labor costs were incurred. Manufacturing overhead amounted to $829,000. The cost of goods manufactured was $670,000.

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Ending WIP= 607,000

6 0
3 years ago
House Loan. Suppose you take out a home mortgage for $180,000 at a monthly interest rate of 0.5%. If you make payments of $1000/
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Answer:

It will be after 462 months

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We use the annuity formula for present value

C * \frac{1-(1+r)^{-time} }{rate} = PV\\

We post our know values and start solving for time:

1000 * \frac{1-(1+0.005)^{-time} }{0.005} = 180,000

First we clear the dividend:

1-(1+0.005)^{-time} = 180,000/1000\times 0.005

Then we clear for the power

(1.005)^{-time} = 1-0.9

We set up the formula using logarithmic

log_{1.005}\: 0.1 = -time

And use logarithmic properties to solve for time:

\frac{log\:0.1}{log\:1.005} = -time

-461.6673541 = -time

time 462 months

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