Answer:
Net Revenue=$120,000
Explanation:
Given Data:
Tax abated=4%
Assessed property tax value of the facility=$20,000,000
New assessed property tax value of the facility=$23,000,000
Required:
Net effect on County G’s current year tax revenue from the abatement=?
Solution:
Decrease in revenue=(0.04*$20,000,000)
Decrease in revenue=$800,000
Decrease in Revenue due to economic boom=0.04*$23,000,000
Decrease Revenue due to economic boom=$920,000
Net Revenue= Decrease Revenue due to economic boom-Decrease in revenue
Net Revenue=$920,000-$800,000
Net tax Revenue=$120,000
Complete question:
Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Lately, he has been having a hard time paying more than the minimum payment of 3 percent of his balance.
What is Bradley's minimum payment?
A) $158
B) $189
C) $270
D) $1,890
Answer:
Bradley's minimum payment is (C) $270.
<h3>What is the percentage?</h3>
- A percentage is a fraction of a whole expressed as a number between 0 and 100.
- Nothing is zero percent, everything is 100 percent, half of everything is fifty percent, and nothing is zero percent.
- To calculate a percentage, divide the share of the total by the total and multiply by 100.
<h3>Solution -</h3>
Given - 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Her minimum payment is 3 percent of the balance.
So, to find the minimum payment find 3% of $9000.
3% of $9,000 = $270.
Therefore, Bradley's minimum payment is (C) $270.
Know more about percentages here:
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Answer:
ok I can help but will is the question.◉‿◉
Explanation:
c. a downward sloping demand curve.
Answer:
$81,500
Explanation:
As per the data given in the question,
The computation of the cost of goods manufactured is shown below:
Before that first we need to do following calculations
Direct material = $12,000 + $23,000
= $35,000
Direct labor = $11,000 + $20,000
= $31,000
Overhead applied = 50% of direct labor
= 50%×$31,000
= $15,500
Cost of goods manufactured = Direct material + Direct labor + Overhead applied
= $35,000 +$31,000 + $15,500
= $81,500
