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ololo11 [35]
3 years ago
10

The current property taxes on a parcel are $1,743.25 and have not been paid. If the sale is to be closed on August 12, what is t

he approximate tax proration that will be charged to the seller based on a 360-day year?
Business
1 answer:
galben [10]3 years ago
5 0

Answer:

$1,743.25 divide 360 =$4.84 taxes per day

prorate jan1-aug12=222days

222x4.84=$1,074

Explanation:

You might be interested in
Stockholders' equity of Eden Industries totals $63,000 in combined common stock and retained earnings. Assuming common stock and
TiliK225 [7]

Answer:

Under classified balance sheet, common stock and retained earnings are reported separately

Explanation:

Under equity section of balance sheet, common stock and retained earnings are line items i.e they are reported under equity section of balance sheet separately.

The total of these two should also be separated i.e the total is a line item also. And this forms the total equity provided there are no other line items for the for the period again.

6 0
3 years ago
Pharsalus Inc. just paid a dividend (i.e., D0) of $ 2.69 per share. This dividend is expected to grow at a rate of 3.8 percent p
maks197457 [2]

Answer:

P0 = $26.5925 rounded off to $26.59

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g) / (r - g)

Where,  

D0 is the dividend paid  recently

D0 * (1+g) is dividend expected for the next period /year

g is the growth rate

r is the required rate of return or cost of equity

P0 = 2.69 * (1+0.038)  /  (0.143 - 0.038)

P0 = $26.5925 rounded off to $26.59

3 0
3 years ago
Which of the following are characteristics of frequency distributions?
Brrunno [24]

Answer:

There are some important characteristics of frequency distribution. They are as follows: Measures of central tendency and location (mean, median, mode) Measures of dispersion (range, variance, standard deviation)

Explanation:

Hope it helps you

Mark my answer as brainlist

have a nice day :)

4 0
2 years ago
Marcus and Olivia are HR managers at Tacoma Investments. They are expecting a labor surplus over the next two years resulting in
Temka [501]

Answer:

Natural attrition

Explanation:

Attrition means a situation whereby employees starts to leave an organization, this can be measured with a criterion known as Attrition rate. Attrition rate helps an organization to determine the numbers of employee leaving an organization either voluntarily or they are laid off.

Attrition can be due to

a. Better job offer outside.

b. Poor working condition.

c. Lack of growth on present work.

d. Problem with work life balance.

Types of Attrition.

Voluntary attrition, Involuntary attrition, and Retirement.

6 0
3 years ago
1.A bank loaned Darden Company $10,000 on a 1-year, 6% note, but deducted the interest in advance. The journal entry made by Dar
Sedaia [141]

Answer:

The correct answer is option (a).

Explanation:

According to the scenario, the computation of the given data are as follows:

Amount = $10,000

Interest rate = 6%

So total interest amount = $10,000 × 6% = $600

So, the cash amount = $10,000 - $600 = $9,400

So, it shows increase in cash for $9,400.

The journal entry for the given data are as follows:

Cash A/c Dr $9,400

Interest A/c Dr $600

To Notes payable A/c $10,000

(Being the Notes payable is recorded))

7 0
3 years ago
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