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3 years ago

6

What is the annual real estate tax on a property valued at $135,000 and assessed for tax purposes at $47,250, with an equalizati

on factor of 125%, when the tax rate is 25 mills

1 answer:

Anna11 [10]3 years ago

4 0

Answer:

$1,477

Explanation:

The annual real estate tax = assessed tax × equalization factor × tax rate

= $47,250 × 125% × 25 mills

= $47,250 × 125% × 2.5%(25 mills)

= $47,250 × 1.25 × 0.025

= $1,477

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mariarad [96]

Answer:

Competition policy is part of the new international orthodoxy in economic policy and, at the same time, was viewed in South Africa as a crucial element of economic transformation. This article reviews the role of competition policy in economic development and the experiences of developing countries such as Brazil and South Korea. It then assesses the effects of competition policy in South Africa after 1994, with the main focus being on the performance of the new competition institutions established in 1999. The case of the steel industry is used to assess the approach and impact of the institutions in a concentrated sector that has simultaneously undergone processes of liberalisation and domestic consolidation.

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4 years ago

A share of stock sells for $35 today. The beta of the stock is 1.2 and the expected return on the market is 12 percent. The stoc

seraphim [82]

Answer:

$38.78

Explanation:

The formula to compute the share price in one year is shown below:

Price of a stock = (Next year dividend) ÷ (Required rate of stock return - growth rate)

where,

Price of the stock = Next year dividend ÷ (Risk free rate + beta × (Market return - Risk free rate) - Dividend growth rate)

$35 = $0.80 ÷ (5.5% + 1.2 × (12% - 5.5%) - g)

So after solving this

The growth rate is 11.01%

Now the share price after one year is

= 0.80 × (1 + 11.01%) ÷ (13.3% - 11.01%)

= $88.81 ÷ 2.29%

= $38.78

7 0

4 years ago

master budget schedules blank . multiple select question. may be prepared in any order are based on estimates and assumptions an

Paraphin [41]

A master budget schedules answer several key questions for a company. Thus the correct option is last.

<h3 /><h3>What is Master Budget?</h3>

A master budget is created by combining all of the smaller business budgets into one budget in order to provide a comprehensive insight into the company's financial position.

All other departments' budgets are combined into the master budget to create a single budget. It may be said that the master budget schedules provide answers to a number of issues connected to the many departments within an organization.

Therefore, the last option is appropriate.

Learn more about the master budget, here:-

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2 years ago

Sales revenue $440,000 Advertising expense 60,000 Interest expense 10,000 Salaries expense 55,000 Utilities expense 25,000 Incom

Sever21 [200]

Answer:

Lake's operating income is $120000

Explanation:

Operating income is the income generated by the operations of company less its operating cost. Another name that is used for operating income is Earnings before interest and tax (EBIT). The charges or income relating to non operating or financing activities is not included in the operating income and nor is the tax deduction included.

The formula for operating income = Sales - Cost of Sales - operating expenses.

The operating expenses here, are = Advertising + Salaries + Utilities

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3 years ago

Rodriguez Corporation issues 8,000 shares of its common stock for $208,800 cash on February 20. Prepare journal entries to recor

ELEN [110]

Answer:

A. Dr Cash $208,800

Cr Common stock, $14 par value $112,000

Cr Paid-in capital in excess of par value,common stock $96,800

B. Dr Cash $208,800

Cr Common stock, no-par value $208,800

C. Dr Cash $208,800

Cr Common stock, $7stated value $56,000

Cr Paid-in capital in excess of statedvalue, common stock$152,800

Explanation:

Preparation of Journal entries

a. The stock has a $14 par value.

Dr Cash $208,800

Cr Common stock, $14 par value $112,000

($14 par value*8,000 shares)

Cr Paid-in capital in excess of par value,common stock $96,800

($208,800-$112,000)

b. The stock has neither par nor stated value.

Dr Cash $208,800

Cr Common stock, no-par value $208,800

c. The stock has a $7 stated value.

Dr Cash $208,800

Cr Common stock, $7stated value $56,000

($7 par value*8,000 shares)

Cr Paid-in capital in excess of statedvalue, common stock$152,800

($208,800-$56,000)

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3 years ago