Answer:
For the items listed below, indicate whether the item is an asset, liability, income statement or stockholders' equity item
1) Rent expense - Expense (Income statement)
2) Equipment - Asset
3) Account payable - Liability
4) Common stock - Stockholder's equity
5) Insurance Expense - Expense (Income statement)
6) Cash - Asset
7) Account receivable - Asset
8) Retained earnings - Stockholder's equity
9) Service revenue - Income (Income Statement)
10) Notes payable - Liability
Explanation:
Items in the financial statement can be classified as Income, Expense, Asset, Liability or Equity
$1800
15 x 0.001=0.015
.8 x $150,000=120,000
120,000x.015=$1800
Another way to calculate the number of tax during this example is to multiply your assessed value by 0.0185. Using the millage rate above, a home assessed at $300,000 would have a bill of $5,550. The formula is: Assessed value ($300,000) x millage rate (1.85%, or 0.0185) = land tax ($5,550). To calculate the mileage, or mill rate, a possessor divides the quantity of mills by 1,000.
As an example, say a neighborhood taxing authority encompasses a mill rate of 15 on the assessed value of holding in its jurisdiction. That puts the capital levy rate at 1.5% before any county taxes adjustments or exemptions. To calculate your individual property's effective charge per unit, all you have got to try and do is divide your annual invoice by what you estimate to be the value of your property.
The assessed value estimates the reasonable value for your home. it's based upon prevailing local realty market conditions. Multiply the value of your item or service by the county taxes charge per unit. If you have got a charge per unit as a percentage, divide that number by 100 to induce the charge per unit as a decimal. Then use this number within the multiplication process.
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P= percent change
The new number is lower than the original, so we need to use a % decrease formula.
P=[(original#-new#) ÷ original #] x 100
P= [(29.77-28.35)/29.77] x 100
P= (1.42/29.77) x 100
P= 0.047747 x 100
P= 4.77% decrease
Hope this helps! :)
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I think they earn theses amounts, they also shouldn’t get paid less. Ex. Athletes: Football players practice all the time, they play ALL THE TIME, what you put in is what you get in return. They put a lot of work in, so money is what they get in return. They earn it.