When borrowers fail to pay property taxes, allow their property to go into disrepair or miss scheduled mortgage payments, they could face loan default.
Property tax is a charge made on real estate that is owned by a person, a business, or another type of legal body. Property tax is most frequently a real estate ad-valorem tax, which is regarded as a regressive tax. It is computed by the local government in the area where the property is situated, and the owner is responsible for paying it. Usually, taxes are calculated based on the value of the assets that are possessed, including land. However, a lot of places additionally tax things like vehicles and boats that are tangible personal property. The local governing body will use the assessed taxes to pay for water and sewer improvements as well as for other community-beneficial services including libraries, law enforcement, fire protection, and road and highway building.
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Answer:
Times interest earned ratio = Net operating income/Interest expense
= $551,000/$512,000
= 1.08 times
Explanation:
Times interest earned is the ratio of net operating income to interest income. Net operating income = $551,000 and interest expense = $512,000. The division of net operating income by interest expense gives times interest earned ratio.
<em><u>Market demand is the total quantity demanded across all consumers in a market for a given good. Aggregate demand is the total demand for all goods and services in an economy.</u></em>
Answer:
$3,900
Explanation:
A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its value after 7 years?
Round the answer to nearest dollar.
Amount of depreciation per annum = 13,000 x 10% = $1,300
Amount of depreciation in 7 years = 1,300 x 7 = $9,100
Value of Speed boat after 7 years = 13,000 - 9,100 = $3,900
The right answer for the question that is being asked and shown above is that: "b. assumes that all customers are basically the same" Target marketing, in contrast to mass marketing, <span>b. assumes that all customers are basically the same</span>
