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3 years ago

Determining of property tax rate

Business

1 answer:

Kobotan [32]3 years ago

7 0

Answer:

a) We need to collect $800,000, but as uncollectible property taxes ar 3% of the levy we need to collect

800,000/(97%)=$824,742.27

Which should be collected from the value of all properties less that with exemptions. That is

$$50$

$-$10$ Government

$-$2.5$ Homestead

$-$1$ Veterans

$-$0.5$ Old age, etc.

___________

$$36$ million

The tax rate would be $\frac{824,742.27}{36,000,000} = 0.02291$ that is $22.91 per $1,000 of assessed valuations.

b) $100,000*0.02291= $2,291

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What’s the law that results from the requirement that all exchanges be voluntary

Novosadov [1.4K]

Voluntary exchange, or the law against stealing. A voluntary exchange is one of the hallmarks of a free market. Stealing is the taking of goods against another's will, or involuntarily.

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3 years ago

Countries with more independent central banks have lower inflation rates, but these have come at the expense of greater output f

andrezito [222]

Answer:

False

Explanation:

Countries with more independent central banks have lower inflation rates, but these have come at the expense of greater output fluctuations is a false statement as we know that, an independent Central Bank could have higher credibility. If somebody has a higher conviction in the Central Bank, this accommodates to subdue inflationary expectations. Indeed, this causes inflation more accessible to keep lowering.

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3 years ago

5. What is the 6th Career Pathway listed for Arts, A/V Technology, and Communications? (1 point)

Natasha2012 [34]

The correct answer for this question is this one:

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Hope this helps answer your question and have a nice day ahead.

7 0

4 years ago

A firm that is pursuing _____ strategy is simultaneously trying to achieve low costs through location economies, economies of sc

vitfil [10]

Answer:

Transnational

Explanation:

A transnational procedure is a lot of arranged activities characterised by an organisation to have tasks in business sectors abroad. This term applies to the strategies and structures that enable a firm to start and keep up capacities in outside nations while protecting focal coordination at one explicit area. This particular strategy is applied by the company to achieve economist of scale and economise.

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3 years ago

Danner Company expects to have a cash balance of $49,950 on January 1, 2020. Relevant monthly budget data for the first 2 months

Sholpan [36]

Answer:

balance of $49,950 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows.

Collections from customers: January $94,350, February $166,500.

Payments for direct materials: January $55,500, February $83,250.

Direct labor: January $33,300, February $49,950. Wages are paid in the month they are incurred.

Manufacturing overhead: January $23,310, February $27,750. These costs include depreciation of $1,665 per month. All other overhead costs are paid as incurred.

Selling and administrative expenses: January $16,650, February $22,200. These costs are exclusive of depreciation. They are paid as incurred.

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Prepare a cash budget for

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3 years ago