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
tankabanditka [31]
3 years ago
9

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%
Business
1 answer:
Llana [10]3 years ago
8 0

Answer:

4%

Explanation:

The property tax rate required in the given question shall be determined through the following mentioned formula:

Property tax rate=[(Budget expenditure-Non property tax income)/Assessed value of the all properties-Total exemption)]

Based on the above formula:

Property tax rate=[($108 million- $50 million)/($2,000 million-$550 million)]

Property tax rate=$58 million/$1,450 million

Property tax rate=4%

You might be interested in
Which of these statements best defines organizational​ design?a.allowing top managers to make decisionsb.engaging in accomplishi
shusha [124]
<span>a. allowing top managers to make decisions, because the other 3 answers could all fall under the first answer. organizations are designed from top down. This makes a. the best answer.</span>
6 0
3 years ago
Role of central government in regional development​
spin [16.1K]

Answer:

The central government is, essentially, the public body in charge of managing the nation's resources and controlling compliance with the laws. In other words, it applies its power within the entire national territory, but in turn delegating certain powers to state and local governments, which have a much stronger contact with the population of cities and states. Thus, within the regional development process in each nation, local and state governments are the main executors of development policies, but with the supervision and guidance of central governments.

7 0
3 years ago
Where can aspiring entrepreneurs go to get their questions answered?
Nataliya [291]
Aspiring entrepreneurs can go to the internet, experienced entrepreneurs, Chambers of Commerce, Small Businessn Administration (SBA), college/university, or the community to get their questions answered. Hope this helps.
5 0
3 years ago
A marginal external cost of a product is equal to
Lyrx [107]

Answer:

the answer is D hope that helps you out

4 0
3 years ago
Adamson, Inc. has the following cost data for Product X: Direct materials Direct labor Variable manufacturing overhead Fixed man
stepan [7]

Answer and Explanation:

The computation of the unit product cost using absorption costing and variable costing is shown below

Under absorption costing

Particulars                   2,000 units             2,500 units               5,000 units

Direct materials per unit     $41                      $41                        $41

Direct labor per unit            $57                     $57                        $57

Variable manufacturing                

overhead per unit                $7                        $7                         $7

Fixed manufacturing

overhead per unit                $10                      $8                         $4

 ($20,000 ÷ 2,000 units)   ($20,000 ÷ 2,500 units)      ($20,000 ÷ 5,000 units)

Unit product cost                 $115                     $113                      $109

Under variable costing

Particulars                   2,000 units             2,500 units               5,000 units

Direct materials per unit     $41                      $41                        $41

Direct labor per unit            $57                     $57                        $57

Variable manufacturing                

overhead per unit                $7                        $7                         $7

Unit product cost                 $105                     $105                    $105

8 0
3 years ago
Other questions:
  • An increase in aggregate demand has what outcome on price level and output with respect to long-run equilibrium?
    14·2 answers
  • SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products is grilled salmon in dill
    8·1 answer
  • What is the order in which the three separate management decisions should be completed for HRM managers that design effective co
    12·1 answer
  • If a sole proprietorship fails, the owner of the business will _______
    10·1 answer
  • The simple structure usually depends on _____ to coordinate work activities, so it is very difficult to operate as the company g
    10·1 answer
  • Which activity is a good practice when selling online media?
    11·1 answer
  • China's growth rate has___
    5·1 answer
  • Moon Lee received her bank statement on September 8, showing a balance of $2,009.32. The balance shown in her checkbook was $2,4
    14·1 answer
  • The intention of a price floor is to help producers by setting a higher than equilibrium price. What is one unintended consequen
    13·1 answer
  • Craig is considering four loans. Loan L has a nominal rate of 8. 254%, compounded daily. Loan M has a nominal rate of 8. 474%, c
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!