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2 years ago

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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According to liquidity preference theory investment spending would rise if the price level

ANTONII [103]

Answer:

A.rose making the interest rate fall

Explanation:

According to the liquidity preference theory developed by John Keynes, if the money supply rises, price level also rises, interest rate falls. If interest rate falls, the price of bond rises which would increase capital gains. People would prefer to hold bonds instead of money, therefore, investment spending would rise.

The liquidity preference theory states that we hold money for transactive, speculative and precautionary motives.

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3 years ago

What is the main aims of forming a maize milling company

belka [17]

Answer:

to provide I

or produce mealie meal for the country and improve the country's production in food and farming.

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2 years ago

Nike, Inc.reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant a

vodka [1.7K]

Answer:

Explanation:

The total assets comprises of current assets, fixed assets ,and the intangible assets

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Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

The preparation of the classified balance sheet for Nike, Inc on May 31, 2022 is presented in the spreadsheet. Kindly find the attachment below:

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2 years ago

which of the following typically results from the introduction of the assembly line into the production process? A.efficiency is

marta [7]

A. efficiency is increased

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2 years ago

Read 2 more answers

As of December 31, 2018, Moss Company had total cash of $160,000, notes payable of $86,000, and common stock of $52,800. During

tatyana61 [14]

Given:

Total cash = $160,000

Notes payable = $86,000

Common stock = $52,800

Find:

Retained earnings as on December 31, 2018

Computation for retained earning:

According to Accounting Equation:

Assets = Liabilities + Stock holder equity

Total Cash = Notes payable + Common stock + Retained earning

$160,000 = $86,000 + $52,800 + Retained earning

$160,000 = $138,800 + Retained earning

Retained earning = $160,000 - $138,800

Retained earning = $21,200

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2 years ago