1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Misha Larkins [42]
3 years ago
7

John wants his assessment reduced by 30% since his property is located next to a power plant. The SCAR hearing officer granted J

ohn a 20% reduction, which is the maximum allowed in the State of New York. What should John do to get the full 30% reduction he desire?
Business
1 answer:
Ray Of Light [21]3 years ago
5 0

Answer:

John must first complete a process that starts with Form RP-524. Since the problem states that he already had a SCAR hearing, the only option left is the Tax Certiorari Proceeding which is a legal lawsuit filed in the New York State Supreme Court.

Explanation:

The compete process is as follows:

John must first file a grievance form, if he lives outside of New York City and Nassau County, he can use Form RP-524 "Complaint on Real Property  Assessment" and file it with the assessor or the board of assessment review (BAR) in John's city. New York City residents and Nassau Country residents must contact directly their tax or review commissions by telephone. The grievance forms must be filed before Grievance Day in John's city (it varies depending on the city).

Then John will have to appear before the BAR and present his claim. The BAR is made up of 5 members and it cannot include the assessor or any member from the assessor's office.

If the BAR's decision doesn't satisfy John, then he can proceed with a Small Claims Assessment Review (SCAR). Since John was granted only a 20% reduction by the SCAR hearing officer, the only option left is the Tax Certiorari Proceeding which is a legal lawsuit filed in the New York State Supreme Court.

You might be interested in
Assets are 300,000 and equity is 100,000, assets increase 80,000 liabilities increase 50,000. what is equity at year end?
mojhsa [17]
<span>Assets - equity = liabilities
  So liability before the increase is:
 300, 000 - 100, 000 = 200, 000
 And if assets increases by 80, 000. Hence new assets = 380, 000. Liabilities increases by 50, 000; hence new liability = 250, 000.
 New Equity = New Assets - New liability.
 New Equity = 380, 000 - 250, 000 = 130, 000.</span>
6 0
3 years ago
With the segmentation variables identified, the VP of Marketing asks you to think about what the target market would look like f
lilavasa [31]

Answer:

2. Small household: 1-2 members.

Explanation:

The small household will require lesser things. The Sauber washer-dryer combo is suitable for small houses where there are 1 or 2 people living there. It is suitable for newly wed couple or old aged couple or 2 people living together on sharing basis. The best suited is to target such households for marketing of new washer dryer combo.

4 0
3 years ago
Sean Davis is the owner, president, and primary salesperson for Davis Manufacturing. Because of this, the company's profits are
Natali5045456 [20]

Answer:

The related cash flows to Sean are as follows;

a. $424,000

b. $592,000

c.$399,808

d. $512,885

Explanation:

In this question, we are asked to calculate cash flows to Davis manufacturing given that debt is issues and equity is issued for a number of hour-week

We proceed as follows;

a. For a 40 - hour week and Debt is issued

Mathematically, the cash flow is calculated below as follows;

Cash Flow = EBIT - Interest on debt = $594,000 - ($1.7 million x 10%) = $424,000

b. For a 50 - hour week and Debt is issued

Mathematically, the cash flow is calculated as follows;

Cash Flow = EBIT - Interest on debt = $762,000 - ($1.7 million x 10%) = $592,000

c. For a 40 - hour week and Equity is issued

Mathematically, the cash flow is calculated as follows;

In this case, there will be no interest cost

The firm's value will be increased by the amount of infusion but ownership of sean will be diluted.

New ownership of Sean = $3.5 million / ($3.5 million + $1.7 million) = 0.67307692307

Mathematically, the cash flow is calculated as follows

Cash Flow to Sean = EBIT x new share = $594,000 x 0.67307692307 =  $399,808

d. For a 50 - hour week and Equity is issued

The calculation is as above and there is also no interest course

Cash Flow = EBIT x new share = $762,000 x 0.67307692307 =  $512,885

KINDLY NOTE EBIT IS EARNINGS BEFORE INTEREST AND TAXES

5 0
3 years ago
A company purchased a tract of land for its natural resources at a cost of $1,544,800. it expects to mine 2,020,000 tons of ore
Tasya [4]

The gradual decrease in the value of natural resource is called depletion. The deplection expense is calculated on the cost net off salvage value.

Depletion expense per ton of ore=\frac{(Cost of resource - salvage value)}{Expected Mine}                                                          =\frac{(1544800-252000)}{2,020,000}                                                         =$0.64

Therefore, Depletion expense per ton of ore would be $0.64 per ton of ore.

5 0
3 years ago
Monroe just left his second job in the Marketing, Sales, and Service career pathway. He was self-employed at his first job, and
drek231 [11]

Answer:

the answer is D.....

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • A nationwide chain of pet stores wishes to identify the trade-offs that its customers are willing to make between low-cost produ
    6·1 answer
  • How does the viscosity of the magma fed to volcanoes affect nearby life and property?
    12·1 answer
  • ERP systems can provide vital cross-functional information on business performance to managers in a very timely manner. This des
    11·1 answer
  • Which of the following stages in a buying sequence will result in a specific option or set of options from which price, delivery
    13·1 answer
  • Create the following lists. There are ten names and five lists of test scores. The correspondence between the names and the test
    13·1 answer
  • Ability to visualize and implement possible business solutions
    10·1 answer
  • Convergence property implies that on the delivery day,
    9·1 answer
  • A master plan is devised for
    12·1 answer
  • Ed lives in Merchantville , a state that has a so-called merchant protection statute (or shopkeeper's privilege). One day Ed goe
    15·1 answer
  • A country with a trade surplus generally has a favorable balance of payments, which means?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!