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ivolga24 [154]
1 year ago
7

Which transfer of ownership would not be excluded from property tax reappraisal?

Business
1 answer:
olga2289 [7]1 year ago
5 0

Transfers between unrelated buyers and sellers is the  transfer of ownership would not be excluded from property tax reappraisal.

  1. State law requires one at least every eight years
  2. (Randolph County’s last reappraisal was effective 1-1-2014)
  3. Assure all properties reflect current market value
  4. To create equity between the four types of assessed property:
  • Real estate
  • Personal property (Individual and Business)
  • Registered motor vehicles
  • Public service companies

Reappraisal is an in-depth process of assigning new values to all the real property in the county at its current market value. If no changes are made to the property in-between reappraisal years, the value will not change.

Guilford County appraisers review and analyze information including comparable sales in your neighborhood. Reappraisals are not only mandated by North Carolina General Statues, but are necessary to maintain equitable and uniform property values. Reappraisal tools include county maps, aerial photography, street level images, sales analysis, field visits, and other methods to gather data used in determining market value.  Guilford County conducts reappraisals entirely in-house by appraisers familiar with the local market.

Learn more about  tax reappraisal here

brainly.com/question/28187455

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Answer: $30,600

Explanation:

First calculate the earnings for the year.

Revenue is given. Expenses are also given and come out of revenue. Dividends also come out of revenue as well.

Retained Earnings for the year is therefore,

Retained Earnings for the year = Revenue - Expenses - Dividends

= 62,000 - 44,900 - 2,300

Retained Earnings for the year = $14,800

This figure should be added to the retained earnings of the previous period to find the total balance.

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= $30,600

$30,600 is the closing Balance on Retained Earnings after closing entries.

8 0
2 years ago
Justus Motor Co.has a WACC of 11.50%, and its value of operations is $25.00 million. Justus's free cash flow is expected to grow
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Answer:

FCF_0=1.05

So option (b) is correct option

Explanation:

We have given value of operation PV = $25.00

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We know that value of operation is given by

PV=\frac{FCF_0(1+g)}{Ke-g}

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3 years ago
One of your employees mentions to you that there is an active grapevine in your organization. Which of the following assumptions
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Answer:

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Explanation:

  • Grape wine is a rumor and informal channel of communication that spread throughout the organization in all directions irrespective of the authorities and develops due to various reasons.
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Consider a coupon bond with $1000 face value, 10% coupon rate, 5 years of maturity selling for $700. The yield to maturity is
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Answer:

The approximate yield to maturity is 9.43%.

Explanation:

8 0
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