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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%

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Take It All Away has a cost of equity of 10.96 percent, a pretax cost of debt of 5.46 percent, and a tax rate of 40 percent. The
Zinaida [17]

Answer:

8.04%

Explanation:

The formula to compute WACC is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate)  + (Weightage of  common equity × (cost of common equity)

= (0.38 × 5.46%) × ( 1 - 40%)  +  (0.62 × 10.96%)

= 1.24488% + 6.7952%

= 8.04%

The weightage of common equity would be

= 100% - 38%

= 62%

This is the answer and the same is not provided in the given options

7 0
3 years ago
Madeline runs a lawn cutting service. She anticipates some increased expenses in her personal life in the next six months, and w
Leya [2.2K]

Answer:

The correct option is A. Need or Deficiency.

Explanation: A need is something that is necessary for an individual to function and live properly, while deficiency can be used to denote a state of lack. Our needs are often the motivating factor behind us working to earn a living, however, different people work for different reasons.

In the scenario presented above, we can see that Madeline is motivated to take on more clients due to the fact that she perceives that her needs will increase.

Therefore, the correct option to this question is that Madeline's motivation is due to need or deficiency.

8 0
4 years ago
Which loan type allows you borrow up to the cost of attendance, minus other aid you have received?.
nikdorinn [45]

A subsidized loan is such a loan where the borrower is allowed to borrow up to the cost of attendance less any other aids received.

<h3>What is a subsidized loan?</h3>

A type of education or student loan where the amount to be borrowed is determined as per the cost of the student's attendance, which is subtracted from other financial benefits received in this regard, is known as a subsidized loan.

Hence, subsidized loan is explained as above.

Learn more about subsidized loans here:

brainly.com/question/2256061

#SPJ1

4 0
2 years ago
An investmetn adviser will always be considered to have taken custody if an adviser: is the trustee for the cleint in a trust ac
Talja [164]

Answer:

true (A.  is the trustee for the client in a trust account)

Explanation:

Based on the information provided within the question it can be said that this statement is completely true. This is mainly due to the fact that a trustee can directly deduct management fees from the customer funds. Therefore if the investment adviser is the trustee for the client he is able to have custody over the account and make these deductions.

3 0
3 years ago
Michelle always drives down Hampton Avenue to go to work. One morning, Michelle discovers that Hampton Avenue is closed at Wood
Soloha48 [4]

Answer:

she has formed a cognitive map of the area

Explanation:

A cognitive map is basically a mental map or representation of the physical surrounding area. If you have ever seen a lab rat trying to go through a maze, that is exactly what this is about. The ability to mentally represent of physical surroundings is very important, and not just to avoid traffic jams, but for our normal daily activities. We all know where the bathroom is, or the kitchen, and our rooms, etc., that is basically a cognitive map of our house.

7 0
3 years ago
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