After purchasing his first property, Bert will have to pay real estate taxes to county and local government.
If one owns a home, they are likely familiar with real estate taxes. It can even be called property taxes. Real estate taxes are annual taxes which a homeowner must pay on the assessed value of their house. Thus, the amount of real estate taxes you pay will depend on how much your home is valued as well as the part of the country you live in.
Local governments determine tax rates of one's property. Thus, once an owner owns a property in any city or country, the owner of a real estate property will have to pay taxes to the county and local government.
Hence, Bert will have to pay real estate taxes to county and local government after purchasing a property.
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Answer:
b) $1,805
Explanation:
Using the FIFO method, the first units bought will be the first sold. Therefore, since there are 25 units on hand at the end of the year, 15 of those units will be from the last purchase at $75 each, and the remaining 10 units will be from the second purchase at $68 each. The amount of the inventory at the end of the year is:
![I = 15*\$75+10*\$68\\I=\$1,805](https://tex.z-dn.net/?f=I%20%3D%2015%2A%5C%2475%2B10%2A%5C%2468%5C%5CI%3D%5C%241%2C805)
The answer is alternative b) $1,805.
Some examples of a personal risk include poor health and old age. Property risk includes having your property damaged by wind, lightning, etc. Liability risk is essentially you being responsible for something that happens that could lead to a lawsuit or anything of that nature. So yeah...
Organizational culture are simply regarded as a system of shared beliefs and values that rises within an organization and shapes the behavior of its members.
- The benefit of division of labor is that complex tasks can be parceled out to specialists, improving productivity, which results in greater efficiency.
Division of labor or simply called work specialization is the sharing of work among employees of an organization.
It allows arrangements of work so as to have greater efficiency, complex work effort to be divided out and performed by experts and also task is done by different people.
Conclusively, Division of labor involves sharing work bit by bit to expert of an organization who perform the job with greater efficiency.
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Answer:
Assets include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate. Liabilities include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.
Explanation: