With the assessed value of $64,120, and tax rate of 3.2%, the annual tax bill the Smith's expect to pay is $2,051.84.
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What is tax?</u></h3>
- Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses.
- Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.
- Taxes are borne by whoever bears the cost of the tax in economics, whether this is the entity being taxed, such as a business, or the final users of the items produced by the business.
Taxes should be taken into consideration from an accounting standpoint, including payroll taxes, federal and state income taxes, and sales taxes.
Simply multiplying the value and rate, we get the annual tax as $2,051.84.
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The correct answer is B. To plan effective strategies and specific tactics to accomplish the strategic objectives
Explanation:
The purpose of a situation analysis is to understand deeply a business strengths, potential for growth, areas to improve, among others. Additionally, a business analysis is an important step in a marketing plan that is used for businesses to set and achieve goals according to their situation. In this context, after the situation analysis, the next step is to set goals for the business and then to decide on the strategies and tactics that will be used because without specific strategies it would not be possible to achieve the proposed goals.
Also, after the strategies have been implemented you can evaluate the results or implementation and conduct another situation analysis to verify the business grew or there was an improvement. Thus, the next step after setting goals is "To plan effective strategies and specific tactics to accomplish the strategic objectives."
Answer:
d. a mutual mistake
Explanation:
Based on the information provided within the question in regards to the situation at hand it can be said that the contract between AJ and Harry can be rescinded because of a mutual mistake. This term refers to when both parties of a contract have made the same mistake in regards to an important detail or fact within the contract. Which in this scenario was that they both believed that the truck was strong enough to handle the trailer.
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Answer:
The direct labor rate variance for November is $34,200
Explanation:
To find out the direct labor rate variance, we have to multiply the actual standard rate of direct labor into actual hours of direct labor used
Standard hourly rate of direct labor hour = $14.40
Actual direct labor hours = 5,000
Standard direct labor cost
= 5,000 × $14.40
= $72,000
Total factory wages are $42,000 in which direct labor is 90%
= $42,000 × 90%
= $37,800
Actual direct labor cost = $37,800
Therefore,
Direct labor rate variance = Standard direct labor cost - Actual direct labor cost
Direct labor rate variance
= $72,000 - $37,800
= $34,200
Answer: C) the growing number of IKEA furniture stores in the United States
Explanation:
IKEA is a very popular furniture chain in the United States that keeps rising in popularity as well as adding new locations. However, it is not an American company but rather a Swedish company with it's headquarters in The Netherlands. This shows that as American companies such McDonald's, Disney and Starbucks are spreading around the world, so also are foreign companies spreading in the USA.
The defender of Globalization can point to this and show that the Americans are not only spreading around the world, but have foreign companies spreading amongst them as well making it a 2 way street.