Since property taxes are paid on the value of the property, the new owners will pay <u>A. One percent of $289,000.</u>
<u />
Data and Calculations:
Appraised value of property = $289,000
Asking price = $290,000
Sales price = $275,000
Property tax = 1% of $289,000 (or $2,890)
Thus, the new owners of Dave's home will pay <u>A. One percent of $289,000</u> in property taxes.
Learn more about property taxes here: brainly.com/question/13887483
Answer:
The answer is: C) PV of a perpetuity = StartFraction r Over Upper C EndFraction (I guess this means PV = r / C, which is FALSE)
Explanation:
The formula for calculating the present value of a perpetuity is:
PV = C / r
Where PV = Present Value, C = cash flow, r = discount rate.
A perpetuity is a stream of equal cash flows that lasts forever (perpetually).
The formula for calculating the present value of a perpetuity is simple, so there is no reason to spend time calculating the present value of each cash flow, since there are infinite cash flows.
A consol bond s a type of perpetuity issued by the British government (also by the US government)
Answer:
The correct answer to why top managers might want to deceive investors about the true financial condition of their firm is option E) all of the above
Explanation:
The aim of management is to ensure that the company is profitable in order to increase its value and investment worthiness.
However, sometimes, they fall short due to internal and external factors that reduce profitability and increase liabilities. When this occur, the account books will show the unfavorable numbers. A deficit situation reflects negatively on the stock price and when shareholders are not getting a good return on their investment, they usually liquidate their shares and invest elsewhere.
To avoid that from happening, Top Managers usually hide liabilities that should be listed on the balance sheet to keep the firm's stock price up, inflate profits to enhance compensation tied to the firms profitability to reduce cost of expensive external audits.
Answer:
65 months
Explanation:
Data provided in the question:
Limit of the credit card = $1,000
Cost of the new CD player and speakers = $975
Minimum monthly payment made by Katsumi = $15
Now,
since there are no finance charges charged,
therefore,
the net payment that has to be made is $975
Therefore,
Months needed to pay off the rate
= [ Net payment amount ] ÷ [ Minimum monthly payment ]
= $975 ÷ $15 per month
= 65 months
I think its 32 because if you add and divide
