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4 years ago

The tax assessment ratio for a house valued at $250,000 is 80%. If the tax rate is $2.00 per $100 what is the annual tax?

Business

1 answer:

andrey2020 [161]4 years ago

8 0

Answer: $5,000

Explanation:

given data:

tax ratio = 80%

valuation of the house = $250,000

tax rate = $2/$100.

solution:

total annual tax

= $250,000 /$100

= $2500

total tax rate = $2/$100

= $2 * $2,500

= $5,000.

therefore, the total tax due to be payed annually is $5000. This would have not been the case if it has been 80% generally.

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The model of competitive markets relies on these three core assumptions: 1. There must be many buyers and sellers—a few players

Maksim231197 [3]

Answer:

The government has granted the U.S. Postal Service the exclusive right to deliver mail. It is not a competitive market. This situation implies that there is a unique seller, which violates the first assumption made (many buyers and sellers), and because of it the U.S Postal Service is not price taking (it can influence on prices).
There are hundreds of high school students in need of algebra tutoring services in Miami. Dozens of companies offer tutoring services, and the parents who seek out tutors view the quality of the tutoring at the different companies to be largely the same. It is a competitive market. There are many sellers and many buyers (students' parents) which in practice implies that all of them are price takers. The quality of classes is the same for all companies which implies that the product is homogeneous (identical product), and if tutoring companies can entry or leave the market freely if when convenient (because there is not a law that prohibits entry for example, and if there is more profitable for them they just can go to work to others states of the country), all conditions are fulfilled.
A few major airlines account for the vast majority of air travel. Consumers view all airlines as providing basically the same service and will shop around for the lowest price. It is not a competitive market. There are many buyers, but not many sellers, wich implies that companies can collude (agree on higher prices for example). Because of the magnitude of investment related to airline industries, resources are not fully mobile: it is expensive to enter and to exit this market, and that generates a natural barrier to the third principle anounced in the statement.
There are hundreds of colleges that serve millions of students each year. The colleges vary by location, size, and educational quality, which enables students with diverse preferences to find schools that match their needs. It is not a competitive market. The product that is commercialized is not identical (education varies by location, size, quality, etc), which means that the service is not homogeneous, therefore, one of the conditions needed is not accomplished.

6 0

3 years ago

Potlatch Corporation has issued various types of bonds such as term bonds, income bonds, and debentures. Differentiate between t

lisov135 [29]

Answer:

Term bonds - Term bonds refer to bonds with the same maturity date and on that date their face value must be repaid.

Mortgage Bonds - this is a bond that is backed up by real estate as collateral thus giving the holder of these bonds a claim on said real estate.

Debenture bonds - These types of bonds/ debt instruments are not secured by any collateral.

Income bonds - The coupon payments on such bonds are contingent on whether the company makes enough income to pay them in a given period.

Callable bond - These types of bonds are redeemable before the maturity date by the issuer.

Registered bonds - The bondholder's referent information is held by the issuer the main purpose of which is to ensure that payments are going to the right address.

Bearer or coupon bonds - These types of bonds can be transferred from one owner to another as the bond is not recorded in the holder's name.

Convertible bonds - These bonds are convertible into shares in the issuing company.

Commodity-backed bonds - Such bonds are valued based on the value of a certain asset that will be specified in the agreement.

Deep discount bonds - This kind of bond is sold at 80% or less than its face value.

6 0

3 years ago

Suresh Co. expects its five departments to yield the following income for next year. Dept. MDept. NDept. ODept. PDept. TTotal Sa

Hunter-Best [27]

Answer:

(1) Because of the eliminations of Dept. N, Dept. P, and Dept. T, we have:

Total net loss = $35,000

(2) Because of the eliminations of Dept. N, and Dept. T, we have:

Total net income = $8,500

Explanation:

(1) Management eliminates departments with expected net losses.

Note: See answer (1) in the attached excel file for the eliminated departments (in red color).

From the answer (1) in the attached excel, the eliminated departments base on this are Dept. N, Dept. P, and Dept. T.

It can be seen from the answer (1) in the attached excel that because of the eliminations of Dept. N, Dept. P, and Dept. T, we have:

Total net loss = $35,000.

(2) Management eliminates departments with sales dollars that are less than avoidable expenses.

Note: See answer (2) in the attached excel file for the eliminated departments (in red color).

From the answer (2) in the attached excel, the eliminated departments base on this are Dept. N, and Dept. T.

It can be seen from the answer (2) in the attached excel that because of the eliminations of Dept. N, and Dept. T, we have:

Total net income = $8,500

Download xlsx

4 0

3 years ago

What are two ways that the free-enterprise system works to break the three powers of monopolies. (two ways per power, the powers

anyanavicka [17]

The free enterprise system can produce unfavorable effects when they reduce competition and protect inefficient competitors.Also,results are annoying when costs of legal intervention are greater than benefits for the consumers.
I hope it helps.
Thank you

8 0

4 years ago

Interest may be capitalized: a. Whether or not there is specific borrowing for the construction. b. On self-constructed assets f

storchak [24]

Answer:

The correct option is A

Explanation:

Capitalization is the term or the process in which there is an addition of the interest which is unpaid to the principal amount of the loan. And the principal or the original amount of the loan increases or rises when the payments got postponed during the deferment periods and then the interest which is unpaid is capitalized.

So, it will be capitalized whether or not there is particular or the specific amount of borrowing for the construction.

8 0

3 years ago