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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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Marvin Services Corporation had the following accounts and balances: Accounts payable $ 6,000 Accounts receivable 8,000 Cash 7,0

patriot [66]

Answer:

The balance of the company's retained earnings account is $33,000

Explanation:

The computation of retained earning balance is shown below:

= Assets - Liabilities - shareholder equity

where,

Assets = Accounts receivable + Cash + equipment + prepaid insurance + supplies

= $8,000 + $7,000 + $44,000 + $4,000 + $2,000

= $65,000

Liabilities = Accounts payable + notes payable + unearned service revenue

= $6,000 + $8,000 + $3,000

= $17,000

And, the common stock is $15,000

Now put these values to the above formula

So, the answer would be equal to

= $65,000 - $17,000 - $15,000

= $33,000

3 0

3 years ago

If the federal reserve banks mailed everyone in the United States a new $1000.00 bill, what would happen to prices, output, and

Artemon [7]

If the Fed mailed everyone a $1,000, the effect would be a <u>rise in prices, </u>output, and income.

<h3 /><h3>What happens when money is injected into the economy?</h3>

The Equation of exchange is:

<em>Money supply x Velocity of money = Price level x Quantity of goods and services produced </em>

If the Money supply increases like it will when $1,000 is sent by the Fed to people, the velocity will also rise as people purchase more goods and services.

The Price level and the Quantity produced on the right side of the equation would also have to rise to match the left side. So prices would rise, and so would output.

Find out more on the equation of exchange at brainly.com/question/10110078.

#SPJ1

4 0

2 years ago

If a firm produces a return on assets of 15 percent and also a return on equity of 15 percent, then the firm:

dem82 [27]

Answer:

No debt of any kind.

Explanation:

Then the firm has “no debt of any kind” because the company has the equity multiplier ratio is 1.

We have given the return on assets is 15 % and the same return is on the equity that is 15%.

Thus, the equity multiplier ratio can be calculated by dividing the total assets / total equity.

Equity mulitplier ratio = Total Assets / Total equity.

8 0

3 years ago

What are the implications of self-reliance for business? for religion (prayers, creeds)? for travelling? for art? for property o

monitta

Fundamentally, it is anything but difficult to apply Emersonian convictions of independence to any piece of life. Basically it is to believe yourself and your judgments, and not to let any other individual impact what you accept just in light of the fact that they oppose or you fear what you will think. You should depend on yourself, in its most fundamental shape. Henceforth, the expression "confidence". Depend on yourself, and nobody else.

5 0

3 years ago

When bonds are sold at a premium and the effective interest method is used, at each subsequent interest payment date, the cash p

lorasvet [3.4K]

Answer:

C.Greater than the effective interest.

Explanation:

<u>example</u>

face value 1,000,000

issued at 1,100,000

premium of 100,000

the bond rate is 8%

and the effective rate is 6%

1,100,000 x 6%/2 = 33,000 interest expense

cash proceeds 1,000,000 x 8%/2 = 40,000 cash

amortization on premium 40,000 - 33,000 = 7,000

The cash payment (40,000) are greater than the effective interest (33,000)

If that wouldn't be the case, he premium won't depreciate

4 0

3 years ago