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Andrej [43]
2 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]2 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%

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Based on this income statement for Company ZYX for the year ending December 31, 2014, what adjustment would need to be made to N
tresset_1 [31]

Answer:

a) Adjustment of (16,000) in the Operating Section

Explanation:

The adjustment required in the operating activities section of the cash flow statement is shown below:

Loss of sale of equipment  $30,000

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The net deduction is $16,000

Since there is a loss on sale of an equipment so the same is to be added back and there is a gain on sale of investment with respect to debt so the same is to be deducted

hence, the correct option is a.

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2 years ago
What area of expense is best to target when looking for possible ways to cut back on spending
jarptica [38.1K]

Answer:

If we are talking about corporate spending, then it's best to cut overhead costs, because direct labor or direct materials are harder to cut since a cut in these areas would cause a reduction in output production.

If we are talking about personal spending, then, it's best to cut sumptuary expenses like eating out, or taking expensive vacations. Utilities, rent, and debt are harder to cut.

3 0
2 years ago
Reporting an Income Statement, Reporting a Statement of Retained Earnings, Reporting a Balance Sheet and Recording Closing Journ
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Answer and Explanation:

The Journal entry is shown below:-

1. Sales Revenue Dr, $42,030

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4 0
2 years ago
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The accuracy of the newly developed product can be checked with the help of prototype. Prototype is the replica of the real product. It helps in correcting design error before its production. Consumer gets easily attracted by seeing the prototype before the release of the original product.

6 0
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tigry1 [53]

Answer: The answer is True.

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