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Dahasolnce [82]
3 years ago
12

The local government uses property taxes to pay for goods and services in the community. true or false

Business
2 answers:
laiz [17]3 years ago
5 0

Answer: The answer is true.

The local government uses property taxes to pay for goods and services in the community.

Explanation:

Property tax refers to taxes levied by the government on land and building owners. It is levied based on the value of a property. Property tax is levied on tangible real estate properties, houses, office buildings and so on. These taxes are used for funding infrastructures like road, sewage system, pipe borne water, public safety, defence, building of public schools and so on.

Snowcat [4.5K]3 years ago
4 0
True usually it will go to fund local schools, and fixing roads 
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Blossom Inc. had sales of $2,300,000 for the first quarter of 2020. In making the sales, the company incurred the following cost
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Answer:

          CVP Income Statement

Sales revenue                   2,300,000

Less: Total variable cost   <u>1,171,000</u>

Contribution margin           1,129,000

Less: Fixed cost                 <u>664,000</u>

Net Operating income     <u>$465,000</u>

Note:

Cost of goods sold    936,000  

Selling expenses       119,000

Admin expense         <u>116,000</u>

Total variable cost    <u>1,171,000</u>

Cost of goods sold       473,000

Selling expenses         71,000

Admin expense           <u>120,000</u>

Total Fixed cost           <u>664,000</u>

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During the financial crisis of 2007-2008, the Fed engaged in lending to certain large non-bank financial firms in the private se
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If the firm’s beta is 1.6, the risk-free rate is 9%, and the average return on the market is 13%, what will be the firm’s cost o
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Answer:

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Explanation:

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