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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.

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What are global equity ventures?

Veseljchak [2.6K]

International investments. Could be for just about anything, from land to companies.

8 0

3 years ago

You are comparing two annuities with equal present values. The applicable discount rate is 6.5 percent. One annuity will pay $2,

MAVERICK [17]

Answer:

the annual payment for the second annuity is $2,130 paid at end of every year

Explanation:

We have following information for 1st annuity:

Rate: 6.5%

Payment (PMT): -$2,000, paid at beginning of every year

Tenor (Nper): 20 years

We use excel to calculate the present value of annuity = PV(rate,Nper,PMT,,1)

=PV(6.5%,20,-2000,,1) = $23,469

Then we calculate the payment for 2nd annuity = PMT(rate,Nper,PV,,0)

=PMT(6.5%,20,23469,,0) = -$2,130

Download xlsx

4 0

4 years ago

Suppose the economy is on the classical range of the aggregate supply curve and has a problem with inflation. According to Keyne

mars1129 [50]

Answer:

D) Higher taxes

Explanation:

By increasing the taxes and reducing the spending it will reduce the demand in the economy (the goverment spending will be lower wehile the indivbiduals will have less disposable income as taxes increase)

If the economy was healty enought will lead to economic growth and reduce inflationary pressures.

If the country face a high inflation and negative growth, would end up with lower income and higher unemployment. Thus damaging to the economy without solving the inflation problem.

4 0

3 years ago

Prepare a multiple-step income statement for Surry Co. from the following data for the year ended December 31, 2016. Sales $915,

gavmur [86]

Answer:

Surry Co.

Income Statement for the year ended December 31, 2016

Sales $915000

Less Cost of Merchandise Sold $670000

Gross Profit $245000

LESS OPERATING INCOME

Selling Expenses

Customer Refunds and allowances $ 55000

Selling expenses $ 120000 $175000

Administrative Expenses

Administrative expenses $ 30000 $30000

Total Operating expenses $205000

Operating Income $ 40000

NON-OPERATING INCOME

Interest Expense ($12000)

Rent Revenue $19000

Total Non-operating Income $ 7000

Net Income $47000

Explanation:

A multiple-step Income Statement separate Operating Revenues and Operating Expenses from Non-Operating Revenues and Non-Operating Expense.

6 0

3 years ago

Choose a company you frequently buy from.

maxonik [38]

Coca Cola follows a price discrimination strategy in its marketing mix and the target market is younger customers within the age bracket of 10-25.

<h3>What is Marketing mix?</h3>

These are set of marketing tools that the firm uses to pursue its marketing objectives in the target market.

Coca Cola follows a price discrimination strategy in its marketing mix means that they charge different prices for their products and its target market are young customers.

Read more about Marketing mix here brainly.com/question/859394

6 0

2 years ago