1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrej [43]
3 years ago
12

A town has a tax base of $411,000,000 and a budget of $850,000. What is the tax rate in terms of mills

Business
1 answer:
s344n2d4d5 [400]3 years ago
3 0

Answer:

0.21%

Explanation:

The tax rate which would be needed to balance the budget can be calculated by using the formulas below:

Tax rate (in %) = (budget amount)/(tax base)*100

Tax rate = $850,000/$411,000,000*100

Tax rate = 0.0020681265206813 * 100

Tax rate = 0.20681265206813 %

Tax rate = 0.21%

You might be interested in
Justice Enterprises is evaluating the purchase of a new computer net system would cost $24,000 and have a useful life of Syears.
Sergeeva-Olga [200]

Answer:

closest to: B) $7777

Explanation:

NPV ( net presetn value) cashflow - investment

<u>cost savings present value (ordinary annuity):</u>

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\  

C   $8,500

time         5 years

rate  0.12

8500 \times \frac{1-(1+0.12)^{-5} }{0.12} = PV\\  

PV $30,640.5977  

salvage value present value:

\frac{salvage}{(1 + rate)^{time} } = PV  

Salvage  $2,000  

time   5

rate  0.12

\frac{2000}{(1 + 0.12)^{5} } = PV  

PV   1,134.85  

NPV: 30,640.60 + 1,134.85  - 24,000 = 7,775.45

4 0
3 years ago
Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fix
Ilia_Sergeevich [38]

Answer:

See the excel spreadsheet attached.

Anticipated profit/(loss) is ($20,000).

Explanation:

The net profit/(loss) is the difference between the total sales and total cost. The total sales is computed as the product of the sale of each book and the number of books sold. The total cost is the sum of the variable and fixed costs.

The total variable cost is the product of the variable cost per book and the total number of books sold.

Alternatively, sales less variable cost gives contribution margin. Contribution margin less fixed cost gives the net profit. As shown in the spreadsheet attached.

Download xlsx
3 0
4 years ago
A homeowner decides to rent a spare bedroom in her single-family house to a tenant for $500 per month. When a 24-year-old man as
brilliants [131]

Answer:

Should not be concerned

Explanation:

In the scenario being described, it can be said that the homeowner should not be concerned. That is because even though she did discriminate against the individual, Single-family homes rented without the use of a real estate agent or advertising are exempt from the federal Fair Housing Act. This holds true as long as the owner of the property does not own more than three homes at any given time. Therefore since there was no real estate agent, the man can't sue.

4 0
3 years ago
. What happens if you don't pay your insurance premium for your car?
Andru [333]
Your insurance will be cancelled
5 0
3 years ago
Garrett makes and distributes copies of here we go again, a movie copyrighted by indie motion pictures, inc. Garrett does this w
hjlf

He may be liable for<u>  "damages, fines, or imprisonment."</u>


Copyright law does not contain any proviso that enables unapproved gatherings to make individual duplicates of copyrighted items. Be that as it may, under the teaching of "reasonable utilize," people might be allowed to make reinforcement duplicates or authentic duplicates of a few materials as long as specific conditions are met. Making a duplicate of a copyrighted work for your very own usability is probably going to be considered copyright encroachment. Be that as it may, on the off chance that you are making a duplicate so you may utilize a copyrighted item on the off chance that the first is stolen, harmed or devastated, your direct may fall inside the teaching of reasonable utilize.

3 0
3 years ago
Other questions:
  • Explain, in your own words and step-by-step, what happens to wastewater once it reaches the treatment plant. (6 steps)
    12·1 answer
  • A company manufactures mountain bikes. The research department produced the marginal cost function C'(x)=700-(x/3) where 0 is le
    13·1 answer
  • The cost of direct materials transferred into the Bottling Department of Mountain Springs Water Company is $538,900. The convers
    12·1 answer
  • Bramble Company must decide whether to make or buy some of its components. The costs of producing 69,800 switches for its genera
    5·1 answer
  • Economic forecasters predict a long period of job growth and consumer spending. The Federal Reserve is most likely to do which o
    5·2 answers
  • While training for her new job as a pharmaceutical sales representative, Valerie spent several days shadowing an experienced com
    10·1 answer
  • The Pizza Company is considering a new three-year expansion project. The key data are shown below:
    13·2 answers
  • The following data relate to product no. 33 of La Quinta Corporation: Direct labor standard: 5 hours at $14 per hour Direct labo
    12·1 answer
  • Traditional management thinking treated human resource management primarily as a means to support a company's strategy. Traditio
    15·1 answer
  • In the outpsider case, if cade tells the buyer, pat bennett, he has another offer of $550k, what should pat say?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!