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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.

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You own three stocks: 600 shares of Apple Computer, 10 comma 000 shares of Cisco Systems, and 5 comma 000 shares of Colgate-

Nina [5.8K]

Answer:

Explanation:

Finding Weights

Apple => 600 * 500 = 300,000

Cisco => 10,000 * 20 = 200,000

CP => 5,000 * 100 = 500,000

Total = 1,000,000

Each Weight

Apple => 300,000 / 1,000,000 = 30%

Cisco => 200,000 / 1,000,000 = 20%

CP => 500,000 / 1,000,000 = 50%

Using

(Rate*Weight)

(0.3 * .12) + (0.2 * .10) + (0.5 * .08) = 0.096 = 9.6%

New Weights

Apple => 600 * 525 = 315,000

Cisco => 10,000 * 25 = 250,000

CP => 5,000 * 87 = 435,000

Total = 1,000,000

Each Weight

Apple => 315,000 / 1,000,000 = 31.5%

Cisco => 250,000 / 1,000,000 = 25%

CP => 435,000 / 1,000,000 = 43.5%

7 0

3 years ago

Historical data shows that during the recession of 1990–1991, the natural rate of unemployment was about 5.9% while the actual u

zmey [24]

Answer:

a. The actual unemployment rate was higher during the recession of 1990-1991, but cyclical unemployment was higher in 2001.

Explanation:

Unemployment is defined as the number of people in a population that are willing to work and seeking for jobs but do not have employment.

Natural unemployment is defined as the normal process of leaving jobs and getting jobs in a situation when there is full employment.

Cyclical unemployment is created by recessions and booms.

Actual unemployment = Natural rate + Cyclical rate

Cyclical unemployment= Actual rate - Natural rate

In the first economy

Cyclical rate = 7 - 5.9= 1.1%

In the second economy

Cyclical rate= 6 - 4.8= 1.2%

So actual unemployment was 7% in 1990-1991 while in 2001 it was 6%

Cyclical unemployment was 1.1% in 1990-1991, while cyclical unemployment was 1.2%

6 0

3 years ago

Read 2 more answers

Levelor Company's flexible budget shows $10,710 of overhead at 75% of capacity, which was the operating level achieved during Ma

Salsk061 [2.6K]

Answer:

The correct answer is $473 (Unfavorable).

Explanation:

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

Actual overhead = $11,183

Budgeted Overhead = $10,710

So, we can calculate the controllable variance by using following formula:

Controllable variance = Actual overhead - Budgeted overhead

By putting the value, we get

Controllable variance = $11,183 - $10,710

= $473 ( Positive shows unfavorable)

= $473 (unfavorable)

3 0

3 years ago

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct

Rama09 [41]

Answer:

$1,524 underapplied

Explanation:

Predetermined overhead rate = Estimated Manufacturing Overhead ÷ Estimated Activity.

= $560,324 ÷ 22,060

= $25.40

Applied Overheads = Predetermined overhead rate × Actual Activity

= $25.40 × 22,000

= $558,800

Where,

Actual Overheads are $560,324 (given)

Conditions :

If Actual Overheads > Applied Overheads, we say overheads are under-applied and if Actual Overheads < Applied Overheads, we say that overheads are over-applied.

Therefore ,

In our case, Actual Overheads : $560,324 > Applied Overheads : $558,800. Overheads have been under-applied by $1,524 ($560,324 - $558,800).

8 0

3 years ago

What may be offered to clients when banks find the risk too high?

mina [271]

Private money may be offered to clients when banks find the risk too high. Private money is usually owned by a private organization. Private money has high interest rates and the people who receive the money still have to follow state, federal and bank laws when using the money.

6 0

3 years ago