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Aleks [24]
3 years ago
11

The financial statement that shows the state of the firms assets, liabilities and owners equity on a specific date is called:

Business
1 answer:
fgiga [73]3 years ago
8 0
It is a balance sheet.
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An assessor explains to you that the market value of your property was converted to the assessed value using what's called an as
Anna11 [10]

The assessment ratio, which is used to convert the value of property to the assessed value, can also be considered <u>Equalization Rate</u>.

<h3>What is the equalization rate?</h3>

The equalization rate is the ratio of the total assessed value (AV) to a municipality's total market value (MV).

The equalization rate is a measurement of a municipality's level of assessment (LOA) by the state.

This implies that the municipality determines the AV while the state determines the MV.

Thus, the assessment ratio, which is used to convert the value of property to the assessed value, can also be considered <u>Equalization Rate</u>.

Learn more about the equalization rate at brainly.com/question/5428406

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5 0
2 years ago
Coache Corporation is considering a capital budgeting project that would require an investment of $120,000 in equipment with a 4
Kaylis [27]

Answer:

a. $44,000

Explanation:

The computation of the total cash flow net of income taxes in year 3 is shown below:

= Incremental sales - annual incremental cash operating expenses - one-time renovation expense - depreciation expense - income tax expense + depreciation expense

= $310,000 - $230,000 - $30,000 - $30,000 - $6,000 + $30,000

= $44,000

Since depreciation is a non-cash expense so it would be added back to the computation part

The depreciation expense would be

= (Original cost - residual value) ÷ (useful life)

= ($120,000 - $0) ÷ (4 years)

= ($120,000) ÷ (4 years)  

= $30,000

And, the income tax expense would be

= (Incremental sales - annual incremental cash operating expenses - one-time renovation expense - depreciation expense) × tax rate

= ($310,000 - $230,000 - $30,000 - $30,000) × 30%

= $20,000  × 30%

= $6,000

6 0
3 years ago
Organizational culture refers to: a. how a firm acquires, uses, and develops its various resources and capabilities. b. a set of
Amanda [17]

Answer:

d. the complex set of ideologies, symbols, and core values that are shared throughout the firm.

Explanation:

8 0
3 years ago
Which one of the below is the MAJOR responsibility of a businessperson:
igomit [66]

Answer:

B) Making the value of the company increase by generating increasing revenues and profits

Explanation:

The main responsibility of a manager is to increase the company's value in order to increase the wealth of its owners. Of course this should be done in a legal way, e.g. a drug lord that makes millions can't be considered a good businessperson. The responsibility of a manager do not end there, they also have a duty with all the stakeholders of the company, starting with the employees, the government, the environment, their customers, and society as a whole.

4 0
3 years ago
Consider the market for medical doctors. suppose the opportunity cost of going to medical school decreases for many individuals.
Dmitry_Shevchenko [17]

Answer:

Increase.

Explanation:

The quantity that exists when a market is in equilibrium. Equilibrium quantity is simultaneously equal to both the quantity demanded and quantity supplied. In a market graph, the equilibrium quantity is found at the intersection of the demand curve and the supply curve.

7 0
3 years ago
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