1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
melisa1 [442]
3 years ago
13

The Adams Independent School District wants to sell a parcel of unimproved land that it does not need. Its three best offers are

as follows: from the state’s Department of Public Safety (DPS), $2.3 million; from the Second Baptist Church, $2.2 million; and from Baker Motors, $2.1 million. DPS would use the property for a new state highway patrol barracks, Second Baptist would start a church school, and Baker would open a car dealership. If you are the financial adviser for the school district, which offer would you prefer? Why?
Business
1 answer:
SCORPION-xisa [38]3 years ago
6 0

Answer:

The offer by Baker motors should be considered as it will bring tax revenue in future.

Explanation:

The Adams Independent School District wants to sell a parcel of unimproved land that it does not need.

The state’s Department of Public Safety (DPS) is offering $2.3 million, it would use the property for a new state highway patrol barracks.  

The Baptist Church is offering $2.2 million, it would start a church school.  

Baker Motors is offering  $2.1 million, it would open a car dealership.  

The Baker motors offering is the lowest but it is the best choice if we see from the long term perspective. Property tax is a major source of income for local government and their subdivisions such as cities, counties and school districts.  

We know that the properties owned by the Federal, state and local governments and by certain charitable organizations are exempted from ad valorem property tax.  

But a car dealership will bring high tax revenue to the school district in the future. So, the offer by Baker motors should be considered.

You might be interested in
Blain Company has $10,000 of accounts receivable that are current, $5,000 that are between 0 and 30 days past due, $3,000 that a
tresset_1 [31]

Answer:

Assuming Blain uses the aging method to estimate uncollectible accounts expense, the amount of uncollectible expense will be:

$1050

Explanation:

Aging    

Current 10000 2% 200

1-30  5000 5% 250

31-60 3000 10% 300

Over 60 800         50% 400

   

                   1150

Allowance bad debts 100

Expense          1050

3 0
4 years ago
Read 2 more answers
Over the course of 2018​, the first year of​ operations, Medical ​Supplies, Inc. had the following income​ transactions: Sales R
LekaFEV [45]

Answer:

Ending RE at year-end:  494,000

Explanation:

As this is the first-year of operation there is no beginning Retained Earnings.

Sales Revenue of         4,340,000

Cost of Goods Sold     (1,936,000)

Wage Expense               (876,000)

Insurance Expense        (324,000)​

Administrative Expense (414,000​)

Utilities Expense            (192,000​)

Selling Expense         <u>     (42,000)  </u>

         Net Income          556,000

Dividends paid:               (62,000)

Ending RE                       494,000

4 0
3 years ago
A market structure in which many companies sell products that are similar but not identical called
Zina [86]
This is called a franchise
3 0
4 years ago
Read 2 more answers
Last year toni earned a salary of $39,500. toni just received a raise and now earns $44,230 a year. if toni is paid biweekly, ho
mafiozo [28]
There are 52 weeks in a year. Divide that by 2 and you get 26. That's 26 paychecks Toni will receive in a year. To find out how much he earned for each paycheck, you take 26 and divide it into the salary. 
39,500/26=1,519.23.
Toni made 1,519.23 with his old salary

44,230/26=1701.15 
Toni makes 1701.15 with his new salary. 

Now you take the new paycheck and subtract it from the old paycheck. 

1701.15-1,519.23=181.92.

Toni receives $181.92 more on each paycheck this year.
7 0
3 years ago
Swifty Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports
Leni [432]

Answer:

$8,125,000

Explanation:

Break-even point is the level of sales on which business has no profit no loss situation. The business only covers the variable and fixed cost at this point.

Total Contribution ratio = (65% x 30%) + (35% x 50%) = 19.5% + 17.5% = 37%

Fixed cost = $4,625,000

Break-even point = Fixed cost / Contribution margin ratio = $4,625,000 / 37% = $12,500,000

Break-even Sales for Sports Division = $12,500,000 x 65% = $8,125,000

5 0
3 years ago
Read 2 more answers
Other questions:
  • If the bath was set to 80 °c, what do you think would happen to the rate of photosynthesis
    9·1 answer
  • What makes e-mail different from other forms of business communication?
    13·1 answer
  • Winston uses the high-low method. It had an average cost per unit of $10 at its lowest level of activity when sales equaled 10,0
    15·1 answer
  • MJ LTD is expected to grow at various rates over the next five years. The company just paid a $1.00 dividend. The company expect
    8·1 answer
  • Shamrock, Inc. has 13000 shares of 5%, $100 par value, non-cumulative preferred stock and 52000 shares of $1 par value common st
    7·2 answers
  • The presence of _____________________ in transactions involving goods can easily cause a ______________________ if the result is
    14·1 answer
  • Which 4 sections of the Overview screen can be used to perform a high-level review?
    8·1 answer
  • At the beginning of the year, SnapIt had $13,800 of inventory. During the year, SnapIt purchased $42,600 of merchandise and sold
    11·1 answer
  • On July 8, Compusoft receives $300,000 from a customer toward a cash sale of $1.10 million for customized computer equipment to
    6·1 answer
  • Afish cannot survive without water and a profession cannot exist without education. Justify this statement logically​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!