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Sladkaya [172]
2 years ago
8

Current-year North Carolina real property taxes will be prorated at the June 26 settlement. How would the $5,645 tax bill prorat

ion be reflected on the settlement statement if a 30-day month, 360-day year is used
Business
1 answer:
pshichka [43]2 years ago
3 0

How the $5,645 tax bill proration will be reflected on the settlement statement if a 30-day month is: Debit seller $2,822.5; Credit buyer $2,822.5.

<h3 /><h3>Tax bill proration</h3>

Based on the information given the  tax bill proration will be reflected on the settlement statement will be:

(January 1 to June 30) =180 days

Hence:

Debit seller $2,822.5

Credit buyer $2,822.5

[($5,645 ÷ 360) ×180 days]

Therefore how the $5,645 tax bill proration will be reflected on the settlement statement if a 30-day month is: Debit seller $2,822.5; Credit buyer $2,822.5.

Learn more about Tax bill proration here: brainly.com/question/1775528

#SPJ1

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¿Por que se debe generar alianzas con proveedores y clientes para cuidar el medio ambiente?
MArishka [77]

Answer:

las alianzas se convierten en estrategias para generar mayor beneficio y crear valor social en diversos problemas del ambito social y ambiental, las cuales aportan a nuevas soluciones o pequeñas ayudas para aquellos problemas.

Explanation:

4 0
3 years ago
How does the stock market work?<br> (I am giving out free brainliest)
elixir [45]

Individual and institutional investors come together on stock exchanges to buy and sell shares in a public venue. Share prices are set by supply and demand as buyers and sellers place orders. Order flow and bid-ask spreads are often maintained by specialists or market makers to ensure an orderly and fair market.

hope it helps...!!!

8 0
2 years ago
Read 2 more answers
Silvia Company acquires a 30% interest in Small Company. The fair value of Small's inventory exceeds its carrying value by $100,
beks73 [17]

Answer:

The revenue that the investment in the company would increase by $100,000.

Explanation:

Though the International Accounting Standard IAS 2 Inventories says that the inventory must be recorded at lower of:

  • Cost
  • Net Realizable Value (Fair Value less Cost to Sell)

This means though the Net realizable value increases but the cost remains the lower. This means their must not be any changes made to inventory account.

The profit earned from the increase in inventory value will be reflected in the income which will increase the net worth of the investment. So the increase in investment revenue would be by $100,000.

7 0
3 years ago
FIRST SCENARIO: The economy has taken a turn for the worse. The president believes the government should get the economy moving
Deffense [45]

The proposed response of Adam Smith based on each scenario is given below:

<h3>Scenario 1</h3>

He would say that the pricing system should remain the main determinant of the market and the interference of the government was uncalled for.

<h3>Scenario 2</h3>

He would side with the free market system and be an opponent of the law that frowns on importation.

<h3>Scenario 3</h3>

He would support the suspension of the antitrust laws.

<h3>Scenario 4</h3>

He would believe that markets should not be regulated and the free market system should continue.

<h3>Who is Adam Smith?</h3>

He is the father of modern economics for his work in pioneering ideas such as free trade and the gross domestic product

Hence, we can see that the proposed response of Adam Smith based on each scenario is given above.

Read more about Adam Smith here:

brainly.com/question/50

#SPJ1

8 0
2 years ago
You want to buy a car, and a bank will lend you $15000. The loan will be fully amortized over 5 years(60 months), and the nomina
inysia [295]

Answer:

a) $ 333.67

b) 12.6825

Explanation:

a) The 333.67 amount is the payment per month without interest and of course interest will differ from month to month as the loan is amortized monthly. to get the payment using financial calculator its N= 60,  I/YR = 12%/12=0.01, 15000=PV, FV=O THEN COMPUTE PMT

OR use the formula pmt= PV/1-1/(1+rate)^time/rate

b) To get EAR = (1+ rate/ compounding)^compounding-1

(1+0.12/12)^12-1

6 0
3 years ago
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