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2 years ago

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

Business

1 answer:

just olya [345]2 years ago

8 0

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

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3M Co. reports beginning raw materials inventory of $930 million and ending raw materials inventory of $880 million. 3M purchase

Naddik [55]

Answer:

raw material inventory turnover = 4.42

number of days sale in raw materials inventory = 21.97

Explanation:

given data

beginning inventory = $930 million

ending inventory = $880 million

purchased raw materials = $3,956 million

used raw materials = $4,006 million

solution

we get here first raw material inventory for turnover that is

raw material inventory turnover = $\frac{raw\ material\ used}{average\ raw\ material}$ ..............1

here average raw material inventory = $\frac{930+880}{2}$

average raw material inventory = $905 million

so from equation 1

raw material inventory turnover = $\frac{4006}{905}$

raw material inventory turnover = 4.42

and

now number of days' sales in raw materials inventory will be as

number of days sale in raw materials inventory = $\frac{ending\ raw\ material\ inventory}{raw\ material\ used}$ × 365 .............2

put here value

number of days sale in raw materials inventory = $\frac{880}{4006}$ × 365

number of days sale in raw materials inventory = 21.97

8 0

3 years ago

The plaintiff in a product liability lawsuit has suffered $100,000 worth of damages from an automobile accident. A defect in man

OleMash [197]

Answer:

$60,000

Explanation:

Data provided in the question:

Damages suffered by Plaintiff from an automobile accident = $100,000

Responsibility of manufacturer in the accident = 60 percent

Responsibility of plaintiff in the accident = 40%

Now,

Under the doctrine of contributory negligence

The manufacturer will pay

= Damages suffered × Responsibility of manufacturer

= $100,000 × 60%

= $60,000

5 0

2 years ago

Gabriella and Juanita form Luster Corporation. Gabriella transfers cash of $50,000 for 50 shares of stock, while Juanita transfe

hodyreva [135]

Answer:

c. Neither Gabriella nor Juanita will recognize gain on the transfer.

Explanation:

This is because gabriella transfers cash of 50,000 and does not earn any gain on it, so no gain is recognized.

4 0

2 years ago

If 135 TV's are sold and cost $275 to produce and is priced at $250, what is the profit/loss?

AleksandrR [38]

Answer:

$25

Explanation:

The production cost is $275.

The selling price is $250

The loss/profit will be: Selling price minus cost price

=$250 - $275

= -$25

A loss of $25.

If this is the cost for all the 135 TVs, then the loss is only $25.

N:B

If the costs are for one TV, then the loss will be $25 x 135=$3,375

6 0

3 years ago

Both consumers and organizational buyers purchase products online but ______. Multiple choice question. only two of the three ki

luda_lava [24]

The answer to this question is, "a much larger percentage of the total dollars sold online are organizational transactions."

Hope this helps!

5 0

2 years ago