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Tju [1.3M]
4 years ago
6

The city of Lakeland levies a 2 percent tax on the value of all restaurant meals served to the public within the city limits. Th

is year, the aggregate value subject to tax was $29.4 million, so current year revenue was $588,000. Lakeland plans to decrease the tax rate next year to 1.5 percent. Compute next year’s restaurant tax revenue assuming:
a. Next year’s tax base equals the current year base.
b. Next year’s tax base increases to $36 million.
c. Next year’s tax base increases to $41 million.
Business
1 answer:
asambeis [7]4 years ago
3 0

Answer:

Explanation:

a) Next year's revenue = 29,4m * 1.5% =441,000

b) Next year's revenue = 36m*1.5%= 540,000

c) Next year's revenue = 41m*1.5% = 615,000

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An arrangement in which brokers pool their listings and all commissions are divided between the listing broker and the selling b
iragen [17]

Answer:

Multiple listing.

Explanation:

An arrangement in which brokers pool their listings and all commissions are divided between the listing broker and the selling broker is referred to as a multiple listing.

A multiple listing is a service used by a group of real estate brokers to formulate contractual offers of compensation and share informations about their various listings of property for sale, so as to enhance appraisals (commissions).

7 0
3 years ago
What strategy would a bookkeeper utilize to make sure each column of debits and credits have similar totals?.
Mnenie [13.5K]

A trial balance strategy would a bookkeeper utilizes to make sure each column of debits and credits has similar totals.

Credit is normally described as an agreement between a lender and a borrower. credit additionally refers to a person's or commercial enterprise's creditworthiness or credit score records. In accounting, credit may additionally both lower belongings or growth liabilities in addition to decreasing fees or increase sales.

A credit score balance for your billing declaration is a quantity that the cardboard issuer owes you. credit is brought to your account each time you make a price. A credit score is probably brought while you go back to something to procure together with your credit score card.

Learn more about credits  here: brainly.com/question/26867415

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7 0
1 year ago
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production
Leno4ka [110]

Answer: The loss of enjoyment people incur when scenic land is converted to commercial use.

The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

The leisure time enjoyed by Americans Funds spent by state governments to build highways

Explanation:

The gross domestic product is the value in terms of money of all the goods and services that are produced in a particular country at a certain period of time.

Over time, people have often criticised the use of GDP as a good measurement of the output of a nation that it does not include every transactions and production for that nation. In this scenario, the following cases are either not accurately accounted for or are measured inaccurately.

1. The loss of enjoyment people incur when scenic land is converted to commercial use.

2. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

3. The leisure time enjoyed by Americans Funds spent by state governments to build highways.

In the above cases, the monetary value of these activities aren't reflected on the GDP calculation.

6 0
3 years ago
You find a zero coupon bond with a par value of $10,000 and 13 years to maturity. If the yield to maturity on this bond is 4.7 p
Svetllana [295]

Answer:

Future Value= $10,000

N=13*2=26

YTM=4.7/2=2.35

PMT=0

PV=?

Enter these in a financial calculator

$5,466.59

Explanation:

3 0
3 years ago
he initials GAAP stand for a. Generally Accepted Accounting Principles b. Generally Accepted Accounting Practices c. General Acc
Bess [88]

Answer:

Correct option is (a)

Explanation:

GAAP is the abbreviation for Generally Accepted Accounting Principles. These are guiding principles that help in recording accounting transactions. These are developed over the course of time and includes comprehensive guidelines used by accountants over the years in preparing financial statements.

GAAP ensures reliability and comparability of financial statements.

5 0
4 years ago
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