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Nookie1986 [14]
3 years ago
12

The assessed value for your buyer clients' new purchase is $209,000. They feel they got a great deal since they're purchasing th

e property for $175,000. They've asked you to estimate their monthly property taxes. You know the rate for their jurisdiction is .52%. What is the monthly tax amount your clients owe
Business
1 answer:
svlad2 [7]3 years ago
4 0

Answer:

Monthly tax amount = $90.57 (Approx)

Explanation:

Given:

Purchase value = $209,000

Rate = 0.52%

Find:

Monthly tax amount

Computation:

Monthly tax amount = ($209,000 x 0.52%)/12

Monthly tax amount = 1,086.80/12

Monthly tax amount = $90.57 (Approx)

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Costs associated with two alternatives, code-named Q and R, being considered by Albiston Corporation are listed below: Alternati
Neko [114]

Answer:

Albiston Corporation

Relevant  and Irrelevant Costs:

Relevant Costs:

                      Alternative Q   Alternative R

Power costs        $36,600           $35,600

Inspection costs $32,000           $35,600

Irrelevant Costs:

                      Alternative Q   Alternative R

Supplies costs     $79,000           $79,000

Assembly costs  $48,000           $48,000

Explanation:

a) Data and Comparisons:

                      Alternative Q   Alternative R

Supplies costs     $79,000           $79,000

Power costs        $36,600           $35,600

Inspection costs $32,000           $35,600

Assembly costs  $48,000           $48,000

b) Relevant costs make a difference in the choice between alternative Q or R.  The costs that are the same in amount are not relevant.  Supplies costs and Assembly costs are two irrelevant costs, while Power costs and Inspection costs are relevant because they are not the same under the two alternatives.  They make a difference in the choice of each alternative.

4 0
3 years ago
A friend of yours suggests a get-rich-quick scheme: borrow from the nation with the lower nominal interest rate, invest in the n
slava [35]

Answer:

Nominal exchange rates adjust for the effects of inflation.

3 0
3 years ago
Twifty Sports Inc. manufactures basketballs for the Women’s National Basketball Association (WNBA). For the first 6 months of 20
Xelga [282]

Answer:

Incremental Analysis for special order

units                                                                   <u>10,000</u>

offer price                                                          $290,000

Variable cost:

Cost of goods sold($22.5 *10,000)     225,000

Selling and Administrative expenses

($2.05*10,000)                                       20,500

shipping cost (0.77*10,000)               <u>    7,700  </u>     <u> (253,200)</u>

Additional contribution                                           <u>  36,800</u>

Explanation:

variable cost goods sold per unit  =  ( 3,633,000 - 960,000)/118800 = $22.5

Variable selling and admin expense per unit = ( 517,540 - 274,000)/118800                  

                                                                         = $ 2.05

8 0
3 years ago
TRANSACTIONS1. John Amos started the business with a cash investment of $60,000.2. Purchased equipment for $22,000 on credit.3.
Tanya [424]

Answer:

Cash  44,250      

Receivables  $1,850      

Equipment $26,600        

Accounts payable 9,000    

Capital 60,000    

Revenue 8,150  

Expenses 4,450

Explanation:

The question is to determine the recording of the transactions above on the Accounting equation

The accounting equation says Assets = Liabilities + Owners' Equity

In this context assets = Cash, Receivables and Equipment

Liabilities = Payables

Owners' Equity = Capital + Revenue - Expenses

The Accounting Equation

ASSETS                                            = LIABILITIES       +     OWNERS EQUITY

 Cash      + Receivables + Equip.           payable   + Capital + Rev -  Expens

1. $60,000                                                                      60,000

2.                                            $22,000     $22,000

3. $3,100                                                                                        3,100

4. -4,600                                    4,600

5                      $5,050                                                                  5,050

6. -4,450                                                                                                    4,450

7. 3,200           -3,200

8. -13,000                                                    -13,000

<u>     44,250        $1,850        $26,600         9,000    60,000     8,150   4,450</u>                  

6 0
3 years ago
When the top management team is homogeneous and a new ceo is selected from inside the firm, it is
lbvjy [14]
<span>When the top management team is homogeneous and a new CEO is selected from inside the firm, it is B. unlikely that the current strategy is going to change.
Nothing much is going to change when it comes to the way this company works - be it strategy or its other functioning. It doesn't really matter whether the CEO came from inside or the outside of the firm - if the strategy is good, it shouldn't be changed </span><span /><span>
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7 0
3 years ago
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