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zepelin [54]
3 years ago
11

A tax rate on a building with a $530,000 taxable value is 4.5 mills per thousand dollars of assessed valuation. What is the annu

al tax liability?
A: $23,850
B: $1,590
C: $2,385
D: $15,900
Business
1 answer:
yaroslaw [1]3 years ago
6 0

Answer:

C: $2,385

Explanation:

A tax liability by definition is basically known as debt owed by a corporation or an individual to a tax authority like the Internal Revenue Service(IRS). To solve this question, set it up like this;

If $1,000 pays 4.5mills in taxable value, then 530,000 would pay how much?

If $1000 = 4.5

then tax liability on $530,000 would be= (530,000 *4.5) / 1,000

= 2,385,000/ 1000

= $2,385

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A suplier who requires payment with in 10 days, should be most concerned with which one of the following ratios when granting cr
tino4ka555 [31]

Answer: E) Cash

Explanation:

The Supplier should be most concerned with the Cash Ratio when granting credit. The Cash Ratio measures the amount of Cash in addition to the amount of Cash equivalent assets that the company has against it's current Liabilities in other to see if the company can be able to pay off it's Current Liabilities with it's current Cash and Cash Equivalents.

The Supplier will therefore be concerned with this ratio to see if the company is indeed able to pay back within 10 days before they can be able to grant credit.

5 0
4 years ago
From the set $\{1, 2, 3, \dots, 20\},$ ten numbers are chosen at random, forming a subset. Let $M$ be the largest element among
Marysya12 [62]

The largest element can be as small as 10, which happens when the subset is {1, 2, ..., 10}.  The probability of choosing this subset is (1/2)^10 = 1/1024.  (Every element from 1 to 10 can either be in the subset, or not.)

The largest element can also be 11.  All the numbers in the subset must be from 1 to 10, and we must choose 1 to leave out, so the probability that the largest element is 11 is C(10,1)*1/1024.

The largest element can also be 12.  All the numbers in the subset must be from 1 to 11, and we must choose 2 to leave out, so the probability that the largest element is 12 is C(11,2)*1/1024.

We can do the other cases similarly:

Largest element is 13 -> C(12,3)*1/1024

Largest element is 14 -> C(13,4)*1/1024

Largest element is 15 -> C(14,5)*1/1024

Largest element is 16 -> C(15,6)*1/1024

Largest element is 17 -> C(16,7)*1/1024

Largest element is 18 -> C(17,8)*1/1024

Largest element is 19 -> C(18,9)*1/1024

Largest element is 20 -> C(19,10)*1/1024

Adding these up, we get (1 + C(10,1) + C(11,2) + ... + C(19,10))*1/1024.  Since 1 = C(9,0), we also get (C(9,0) + C(10,1) + C(11,2) + ... + C(19,10))*1/1024.

By the Hockey Stick Identity, C(9,0) + C(10,1) + C(11,2) + ... + C(19,10) = C(20,10), so the expected value of the largest element is 1/11*C(20,10)*1/1024 = 4199/256.

6 0
3 years ago
Lake Charles Seafood makes 500 wooden packing boxes for fresh seafood per​ day, working in two​ 10-hour shifts. Due to increased
Zepler [3.9K]

Answer:

productivity level per hour= 27 boxes per hour per shift.

Explanation:

Giving the following information:

company productivity per hour:

500 boxes in 20 hours= 25 boxes per hour

The new shift will increase 8 hours a day and 150 boxes. Therefore the new productivity per hour is:

productivity level per hour= 650/24 hours= 27 boxes per hour per shift.

8 0
4 years ago
What will happen to the equilibrium quantity and equilibrium price of potatoes if the income of potato consumers increases (assu
Elodia [21]

Answer:

Equilibrium quantity and price will decrease

Explanation:

Inferior goods are the products or services whose demand increases with an increase in price. An Inferior good contracts a normal product whose demand falls with a rise in price. Should consumer's incomes increase, the demand for inferior products and services will decrease.

If potatoes are inferior goods, an increase in incomes will result in a decrease in their demand. The equilibrium quantity will decrease. If and a new higher-yielding variety of potato plant is developed, it will create competition for the inferior potatoes. With an increase in income, consumers tend to prefer 'perceived' high-quality and more costly products. The new higher-yielding variety will be demanded more, which will result in a decline in prices for the inferior potatoes.

4 0
3 years ago
A ______ provides the opportunity for distributed practice, one of the keys to deep and lasting learning.
baherus [9]
<span>A "32-day commitment" provides the opportunity for distributed practice, one of the keys to deep and lasting learning.
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There are number of various advantages of making and keeping a 32-day commitment. To start with, it ensures that you invest some time in undertaking, which is basic to any achievement. Second, a 32-day responsibility naturally gives circulated hone, one of the keys to profound and enduring learning. And third, it encourages you to gain unmistakable ground toward your objective, along these lines raising your desires of progress and your inspiration to endure.
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4 years ago
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