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JulijaS [17]
3 years ago
13

An example of an ad valorem tax is

Business
1 answer:
MA_775_DIABLO [31]3 years ago
7 0
Municipal Property Taxes 
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The accounting records of Omar Company contained the following information for last year: Beginning Ending Direct materials inve
Dafna11 [192]

Answer:

$70,000

Explanation:

The amount of direct material purchased during the year will be arrived at by working back from the amount of Direct Materials used within the year, then we <u>less</u> opening stock of Direct Material because obviously that was not purchased within the year but was carried over from previous period; and finally we add closing stock of Direct Material because that was left over from what was bought during the current period.

Direct materials used............................... $72,000

Beginning Direct materials inventory... ($9,000)

Ending Direct materials inventory..........<u> $7,000 </u>

Direct material purchased ........................<u>$70,000</u>

6 0
3 years ago
Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information pertains to last
Taya2010 [7]

Answer:

Explanation:

Adams division:

Net income - 605000

Minimum acceptable income = [Total capital employed*Rate of return] = 4000000*0.08=320000

Residual income= NI-Minimum acceptable income=605000-320000=285000

Jefferson division:

Net income - 315000

Minimum acceptable income = [Total capital employed*Rate of return] = 3250000*0.08=260000

Residual income= NI-Minimum acceptable income= 315000-260000= 55000

4 0
3 years ago
Yesterday, an automobile dealership sold exactly 15 vehicles for a total of $225,000. Did at least one of the vehicles sell for
Lubov Fominskaja [6]

Answer:

Option A is correct

Explanation:

In the question above, we have:

  • 15 vehicles sold for $225,000, therefore, the average price was $225,000/15 = $15,000

A. The median price for the 15 vehicles was $13,000.

If the median price was $13,000, this means that half the cars were at that price or below. For every car that was below $13,000, there has to be a car above $17,000 to balance it out, to make the average stay at $15,000. If half the cars are below $13,000 and the highest cars are not above $16,500, then it would not be possible to have an average of $15,000. This statement implies that at least one car is above $17,000, and therefore has to be above $16,500. This answers to the question. This statement is sufficient.

6 0
3 years ago
the due diligence process a. Uncovers all of the potential risks of an investment b. Underwrites a project’s future cash flows w
ipn [44]

Answer:

The correct answer is letter "A": Uncovers all of the potential risks of an investment.

Explanation:

In the investment world, due diligence refers to a full investigation of the product and its inherent risks before the transaction. This ensures that all details are correct, leaving out non-important information. Only when all the information has been disclosed, the parties of a transaction can continue with setting the monetary terms of the transaction.

8 0
3 years ago
Gustav, an entry-level employee, feels his manager holds him to a much higher standard than others in the department. He sees Gl
Black_prince [1.1K]

Answer:

D. Diagonal is the correct answer.

Explanation:

7 0
3 years ago
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