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Sladkaya [172]
1 year 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]1 year 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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It is a formula containing arguments. This is because a function maps the domain to its range. Argument is synonymous to domain.

Hope this helps!

5 0
3 years ago
On January 1, 2020, Novak Corp. had inventory of $56,500. At December 31, 2020, Novak had the following account balances.
salantis [7]

Answer:

  • Gross Profit ⇒ $296,500
  • Operating expenses ⇒ $153,500

Explanation:

Gross Profit;

= Net sales - Cost of Goods sold

Net sales = Sales revenue - sales discounts - sales returns and allowances

= 807,000 - 6,000 - 10,900

=  $790,100

Cost of Goods sold

= Opening balance + Purchases + Freight-in - Purchase discounts - Purchase returns and allowances -closing balance

= 56,500 + 509,500 + 4,800 - 8,000 - 2,700 - 66,500

= $493,600

Gross Profit = 790,100 - 493,600

= $296,500

Operating Expense

Net Income =  Gross profit - operating expenses

143,000 = 296,500 - operating expenses

Operating expenses = 296,500 - 143,000

= $153,500

6 0
2 years ago
fatima is struggling in her job and is experiencing increased dissatisfaction. She related to you that her manager has been unfa
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<u>Answer:</u>

Fatima's statement that she intends to continue in her job in spite of her dissatisfaction makes you think that Fatima will likely experience​ "Cognitive Dissonance".

<u>Explanation:</u>

Cognitive dissonance is a psychological concept when an individual experiences non consistent thoughts and emotions (regardless of the environment). In this example, Fatima had been expected to quit her job (because she hated the manager).

In spite of that, she continued to work. That caused the cognitive dissonance in her behavior, as she changed her attitude. People correlate decisions and feelings many times, but due to some factors like patience, need of job etc, worked for an individual to be consistent and continue job.

4 0
3 years ago
The University could continue to use the present bus for the next seven years. Whether the present bus is used or a new bus is p
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Answer:

If the present bus is repaired, the present value of the annual cash operating costs associated with this alternative is calculated as follows;

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There are many unstated assumptions in the problem given above. Even if the mathematical solution is to make only one or two typ
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The unstated assumptions in the problems given is that the company may require more units of aluminium and steel, which would allow for producing more bicycles.A linear programming model cannot account for this.

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Linear programming model: this is an algebraic description of te objectives to be minimized and the constraints to be satisfied by the variables.

3 0
3 years ago
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