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
Haberdash inc. last year reported sales of $12 million and an inventory turnover ratio of 3. the company is now adopting a just-
Sindrei [870]

<span>Sales = $12,000,000</span>

<span> <span>Inventory Turnover ratio (old) = 3
</span><span>Inventory Turnover ratio (new) = 7.5
</span><span>Freed up Cash = ?
</span><span>So, let’s find out the freed up cash
<span> <span>We know level of inventory are calculated as follows;</span>
<span>Inventory = Sales Inventory turnover ratio</span>
<span>Calculating $ value of old inventory
<span> <span>Inventory Old=$12,000.0003
</span> <span><span>                         =</span>$7.5,000,000</span>
<span>  Calculating $ value of New inventory
<span> <span>Inventory New=$12,000,0075
</span> <span><span>                        =</span>$3,000,000</span>
<span> <span>The freed up cash would be=Old Inventory – New Inventory</span>
<span> <span>=$7.5,000,000 - $3,000,000
</span><span>=<span>$4.5,000,000</span></span></span></span></span></span></span></span></span></span></span>
6 0
3 years ago
Read 2 more answers
Should I get a small dog I mean I always wanted you be but then I wouldn’t be able to go out of town
eduard

Answer:

okay

Explanation:

3 0
3 years ago
Read 2 more answers
in which economy below are private owners most concerned with developing wealth? capitalism mixed market socialism communism
vaieri [72.5K]

Private owners' primary aim in capitalism is money creation.

A system of economics referred to as "capitalism" is one that promotes private ownership of the tools of creation, distribution, and exchange in order to generate profit. In this system, the market decides the production and pricing of the goods and services, hence supply and demand dynamics are very important.

An economic system known as capitalism is one in which private individuals own and manage the trade and industries of the economy in order to profit.

What is Capitalism:

Capitalism, which includes both the working class and the capitalist class, supports class differentiation, there is a significant gap between the rich and the poor. On the other hand, communism is opposed to class inequalities in society since it supports a society in which there is no distinction among the rich and the poor.

In a capitalist society, everyone is responsible for generating their own wealth. Contrarily, in communism, wealth is dispersed in accordance with needs and capacity. While there is intense competition between businesses in capitalism, this is not the case in communism, because the government controls the market. While capitalism exists in western nations, socialism is more prevalent in eastern nations.

Learn more about Capitalism:

brainly.com/question/25879591

#SPJ4

4 0
1 year ago
Using the glossary will not help a reader develop better reading strategies true or false
Sidana [21]

When a reader uses their resources within the book to understand the book and how it is constructed, it helpes the reader develop better reading strategies. Using the glossary lets the reader identify and find information at a quicker rate which in turn, helps develop better reading strategies. Therefor, the answer is false, because the reader does develop better reading strategies when they use the glossary.

6 0
3 years ago
Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing
Luden [163]

Answer:

If Mo pays cash, the cost of the purchase will be $140.

If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

Explanation:

If Mo pays cash, it implies that she does not get the 3% discount she is entitled to, with the use of her credit card.  Therefore, she will bear the full cost.  However, if she uses the credit card, the discount is $4.20 ($1540 * 97%) and she will pay only $135.80 as the discounted price of the electronic reader.

5 0
3 years ago
Read 2 more answers
Other questions:
  • A company purchased new machinery and incurred freight, assembly, and installation costs in addition to the invoice cost of the
    5·1 answer
  • 13, a company has recently outsourced its payroll process to a third-party service provider. an audit team was scheduled to audi
    9·1 answer
  • The Bureau of Labor Statistics has found that the base-year expenditures of the typical consumer break down as follows:
    9·1 answer
  • Lloyd is chronically-ill and received tax-qualified long-term care insurance benefits in 2018 amounting to $8,000 to cover a 30-
    11·1 answer
  • An independent study shows that when the city of Cleveland subsidized major sport teams owners with a billion dollars for three
    10·1 answer
  • During the month of June, Betty Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 P
    5·1 answer
  • FaveMart, a discount chain store, offers the same basic products in all of its stores. It has a state-of-the-art distribution ne
    6·1 answer
  • If you respond correctly you get brainliest: guess what
    15·2 answers
  • Information technology can be used to support _______________. product development teams customer support processes any other bu
    5·1 answer
  • ________ can be very useful in helping visualize where to make strategic changes to either move your product closer to the main
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!