All categories

3 years ago

The basic source of state government's revenue is the property tax. a. True b. False

Business

1 answer:

just olya [345]3 years ago

8 0

True. Property taxes are local government largest source of tax revenue.

You might be interested in

On January 1, 2019, Metco Inc. reported 268,000 shares of $5 par value common stock as being issued and outstanding. On March 24

elena55 [62]

Answer:

The number of shares of stock issued in the stock dividend is 5,312.20 shares.

Explanation:

This can be determined as follows:

Number of shares before stock dividend = Number of shares reported on January 1, 2019 - Number of shares purchased for its treasury on March 24, 2019 + Number of treasury shares were sold on August 19, 2019 = 268,000 - 3,000 + 610 = 265,610

Number of dividend shares = Number of shares before stock dividend * Rate of stock dividend issued = 265,610 * 2% = 5,312.20

Therefore, the number of shares of stock issued in the stock dividend is 5,312.20 shares.

7 0

2 years ago

Modern Federal Bank is setting up a brand-new branch. The cost of the project will be $1.2 million. The branch will create addit

KonstantinChe [14]

Answer:

23.12%

Explanation:

Internal rate of return (IRR) is the rate at which the Net present value (NPV) of a project equals to zero.

Using a financial calculator and the CF function, input the following to find IRR;

Initial investment; CF0 = -1,200,000

Yr1 cashflow inflow ; C01 = 235,000

Yr2 cashflow inflow ; C02 = 412,300

Yr3 cashflow inflow ; C03 = 665,000

Yr4 cashflow inflow ; C04 = 875,000

Then key in IRR CPT = 23.119%

Therefore, the Internal rate of return this expansion is 23.12%

3 0

2 years ago

The Digby Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The expec

Igoryamba

Answer:

$4,908,000

Explanation:

The computation of accumulated depreciation expense for this purchase is shown below:-

Depreciation expense = ((Cost of machine - Salvage) ÷ Estimated useful life of machine)

= (($40,900,000 - $4,090,000) ÷ 15) × 2

= $36,810,000 ÷ 15 × 2

= $4,908,000

Therefore for computing the depreciation expense we simply applied the above formula.

6 0

2 years ago

Henry is a manager in an operations department in a computer manufacturing company. He thoroughly studied the production process

Fynjy0 [20]

Answer:

d. Scientific management.

Explanation:

The management theory used by Henry in this case is scientific management, which can be understood as an administrative model created by Taylor.

The main objective of scientific management is to make work more efficient using less resources and efforts, that is, making work more flexible by rationalizing work and implementing scientific techniques and training employees so that there is efficiency and effectiveness in organizational processes, with the lowest cost, time and continuous improvement.

4 0

2 years ago

Which of the following is a function of a commercial bank? *

Zarrin [17]

Answer:

lending of depositor's funds

3 0

2 years ago