All categories

3 years ago

What are the main sources of revenue for local governments?

Business

2 answers:

Slav-nsk [51]3 years ago

7 0

Answer:

The correct option is D

Explanation:

Local government is the one whose main function is to administer the state laws locally, which means that the counties have the vital and main responsibilities as well as power in the administration of the specific geographic area without able to make or create the rules which will certain to that specific area. The major source of the local government for collecting the revenue is the property taxes.

vlabodo [156]3 years ago

5 0

Answer is D. Property taxes

Explanation:

The local government taxes a majority of property taxes and spends it on schools. This is why places with lower property taxes have poor education systems, but those with high property taxes have good education systems.

You might be interested in

At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 914,000 Credit sales 31

Lyrx [107]

Answer:

Date Account Title Debit Credit

Dec, 31 Bad debt expense $15,700

Allowance for doubtful expense account $15,700

Working

= 5% * 314,000

= $15,700

Date Account Title Debit Credit

Dec, 31 Bad debt expense $‭36,840‬

Allowance for doubtful expense account $‭36,840‬

Working

= 3% * (Cash sales + Credit sales)

= 3% * (914,000 + 314,000)

= $‭36,840‬

Date Account Title Debit Credit

Dec, 31 Bad debt expense $‭‭17,520

Allowance for doubtful expense account $‭‭17,520

Working

= (8% * Year end accounts receivable) + Debit balance for Allowance for doubtful account

= (8% * 139,000) + 6,400

= $‭17,520‬

8 0

2 years ago

Monica wants to sell her share of an investment to Barney for $80,000 in 5 years. If money is worth 6% compounded semiannually,

Fittoniya [83]

Answer: $59,780.65

Explanation:

To find out what she would accept today, we need to apply the present value formula which is= V.P(1+i)^-n

So, $80,000(1+6%)^-5= $59,780.65

7 0

3 years ago

Abby is so satisfied with her green grocer that she refers her friends and colleagues, providing a(n _______ benefit of maintain

Vesnalui [34]

The most appropriate answer is d. marketing. By developing and maintaining good relationships with customers, businesses can benefit by getting 'free' marketing or advertising. Real customers who are satisfied with a particular product or service are better able to convince potential customers. Businesses benefit in this way by improving the visibility of their brand.

5 0

3 years ago

Wichasha, an african country, exports barley and cotton worth $100 million to illema, a european country, and it imports sugarca

max2010maxim [7]

Answer: Balance of Trade

Explanation:

Balance of trade is the difference between the value of exports from a country and the value of imports into the country. When the value of exports is greater than imports, the balance of trade is positive and the country has a trade surplus. While, when the value of exports is less than the value of imports, the balance of trade is negative and the country has a trade deficit.

In this case, Wichasha's exports is higher than the total value of its imports so, it has a trade surplus or positive balance of trade.

7 0

3 years ago

Which of the following represents frictional unemployment? i) The demand for refrigerators falls when the economy enters a reces

lyudmila [28]

Answer: Option (iv) is correct.

Explanation:

Frictional unemployment is always present in an economy. Frictional unemployment occur because of the transitions in the employment of the individuals. It is included in the natural unemployment, because it shows the minimum level of unemployment in the economy.

When a person quit his first job and looking for a new job, this is known as frictional unemployment.

So, option(iv) is correct.

5 0

3 years ago