The income from property taxes benefits the entire community by funding essential services and public works.
Funding refers back to the money required to start and run a commercial enterprise. it is a financial funding in a agency for product improvement, manufacturing, growth, income and marketing, workplace spaces, and inventory.
Funding is the act of imparting assets to finance a want, application, or challenge. at the same time as that is commonly inside the form of money, it may additionally take the shape of an attempt or time from an enterprise or business enterprise. The main resources of funding are retained profits, debt capital, and fairness capital.
Agencies use retained earnings from business operations to expand or distribute dividends to their shareholders. Companies boost finances by means of borrowing debt privately from a bank or by way of going public (issuing debt securities).
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Answer:
Net income of Y3K, Inc. is $155.83
Explanation:
Debt-to-equity ratio is calculated by using formula:
Debt-to-equity ratio = Total debt (or liabilities)/Total equity
Total debt (or liabilities) = Debt-to-equity ratio x Total equity = 1.1 x Total equity
Basing on accounting equation:
Total assets = Total liabilities + Total equity = 1.1 x Total equity + Total equity = 2.1 x Total equity
Total equity = Total assets/2.1 = $2,975/2.1
Return on equity (ROE) = Net income/Total equity
Net income = Return on equity (ROE) x Total equity = 11% x ($2,975/2.1) = $155.83
Answer: I hate Trump and would make him eat tortilla chip vertically :/
Explanation:
Answer:
a) the maximum amount that Bill and Laura will be able to deduct during the current year is $3,000. Their remaining loss = $19,000 - $3,000 = $16,000. The remaining $16,000 loss must be carried forward and deducted in subsequent years, or year, depending on their future capital gains. Total tax saved during this year = $3,000 x 39.6% = $1,188.
b) additional tax liability = $15,000 x 20% = $3,000
c) if they sell both, then their long term capital gains = $15,000 - $19,000 = -$4,000. They can deduct $3,000 during the current year, and the remaining $1,000 loss can be deducted in subsequent years. Total tax saved during this year = $3,000 x 39.6% = $1,188.
Answer:
Debit: Depreciation Equipment Expense: 4.400
Credit: Accumulated Depreciation Equipent: 4.400
Explanation:
As were never register any entry for Drepreciaton during the year, we must register the total ammount of the year.
The normal balance for the expense account is an expense and for the accumulated depreciation is a credit.
Lets go to see the T accounts:
<u>EQUIPMENT</u>
DEBIT CREDIT
532 900,00
Accumulated Depreciation
DEBIT CREDIT
4.400
Expense Depreciacion
DEBIT CREDIT
4.400
BALANCE SHEET PRESENTATION:
ASSETS
FIXED ASSETS
EQUIPMENT 532.000
Accumulated Depreciation -4.400
NET FIXED ASSETS 528.500