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max2010maxim [7]
4 years ago
10

Given the following information, compute the property tax rate for the community in percentage terms. Total budget expenditures:

$108 million, Total non-property tax income: $50 million, Total assessed value of all properties: $2 billion, Total exemptions: $550 million.
A. 2.5%
B. 4.0%
C. 10.0%
D. 12.0%
Business
1 answer:
tangare [24]4 years ago
6 0

Answer:

B) 4.0%

Explanation:

to calculate the property tax rate we can use the following formula:

property tax rate = (total budget - non property tax income) / (total asses value of properties - total exemptions)

property tax rate = ($108 - $50) / ($2,000 - $550) = $58 / $1,550 = 0.037 ≈ 4%

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The Easton manufacturing Company is looking to replace its conveyor belt system. A new system will cost $345,000, and will resul
Paha777 [63]

Answer:

2.25 years

Explanation:

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Amount recovered in year 1 : $-345,000 + $220,000 = $-125,000

Amount recovered in year 2 : -1250000 + 100,000 = $-25,000

-25,000 / 100,000 = 0.25

8 0
3 years ago
AB Builders, Inc., has 18-year bonds outstanding with a par value of $2,000 and a quoted price of 102.037. The bonds pay interes
I am Lyosha [343]

Answer:

6.82%

Explanation:

In this question we use the PMT formula that is shown on the attachment below:

Given that,  

Present value = 102.037% × $2,000 = $2,040.74

Future value = $2,000

Rate of interest = 6.62% ÷ 2 = 3.31%

NPER = 18 years  2 = 36 years

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $68.15

Now the coupon rate is

= PMT ÷ face value × 2

= $68.15 ÷ $2,000 × 2

= 6.82%

8 0
3 years ago
Jenny's bakery makes two types of birthday cakes: yellow cake, which sells for $25, and strawberry cake, which sells for $35. Bo
Marina86 [1]

Answer: Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

Explanation:

x- Number of Yellow cakes

y- Number of Strawberry cakes

Time constrain is given by

2x+3y\leq 450

x\geq 0

y\geq 0

Revenue is given by,

TR= 25x + 35y

At the vertices, revenue is

At (0,0)

TR = $0

At (0,150)

TR = 25(0) + 35(150) = $5,250

At (225,0)

TR = 25(225) + 35(0) = $5,625

Therefore, Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

4 0
4 years ago
For which of the following products is its manufacturer most likely to use intensive distribution? Multiple Choice Waterford cry
Sidana [21]

Answer: The correct answer is "Hershey chocolate bars".

Explanation: For Hershey chocolate bars its manufacturer most likely to use intensive distribution due to the characteristics of the product, which are of the edible type, of consumption and of the type of market in which it is competing, to maintain its competitiveness in the market it is necessary to use an intensive distribution.

5 0
3 years ago
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