answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kryger [21]
2 years ago
14

Monroe county levies a tax on the value of real property located within the county. The tax equals 3 percent of the property's a

ssessed value up to $2 million plus 1 percent of the value in excess of $2 million.a. Compute the tax on real property valued at $1.3 million.b. Compute the tax on real property valued at $4.5 million.
Business
1 answer:
Vikentia [17]2 years ago
8 0

Answer:

a. $39,000

b. $85,000

Explanation:

The computations are shown below:

a. Tax on real property would be

= Valued of real property × tax rate

= $1,300,000 × 3%

= $39,000

b. Tax on real property would be

= Property's assessed value up  × tax rate + difference of property value  × increased tax rate

= $2,000,000 × 3% + $2,500,000 × 1%

= $60,000 + $25,000

= $85,000

You might be interested in
The demand for gasoline is likely to be more inelastic than the demand for domino's pizza ​because:
maksim [4K]
<span>Demand for gasoline is not affected by price increments as compared to Domino's Pizza. Gasoline is an essential product whose price variation does not minimize demand. The quantity demanded will also not be affected because of the nature of need and requirements.</span>
3 0
2 years ago
Wise Guys Consulting issues an invoice for $9,000 to one of their clients for services provided. The terms of the invoice call f
Colt1911 [192]

Answer:

<em>The impact on the date the services are completed and invoiced is just that the payment of $9,000.00 has been processed and received on the 30th day of the month.</em>

Explanation:

While entering an <em>Advance Payment (AP) </em>invoice, there is the option to enter an invoice and posting date: Invoice Date – refers to <em>the date of the actual invoice</em>, This is used to determine the <em>due date</em>. The payment terms use this date to determine the due date and discount period. Post Date is used for<em> releasing to General Ledger.</em>

<em></em>

<em>A transaction date in the date upon which a trade takes place for a security or other financial instrument. The transaction date represents the time at which ownership officially transfers</em>

8 0
3 years ago
Identify the correct sentence. a) Large corporations and small businesses today believe that "going green" is of paramount impor
Rama09 [41]

Answer:

A is the correct option.

Explanation:

Green living means the way of life which contributes to maintaining the natural ecological balance in the environment. It is also related to preserving the planet, its natural systems and resources.

The various things one can do for living a given life includes reducing pollution, conservation of natural resources, recycling the non-biodegradable products, planting more trees on vacant and wastelands and contributing in maintaining the ecological balance on earth.

For organizations, going green helps them to cut costs by conserving energy and resources, saving water and electricity, sending unwanted items for recycling, purchasing recycled products

3 0
2 years ago
A company has a $20 million portfolio with a beta of 1.2. It would like to use futures contracts on a stock index to hedge its r
11111nata11111 [884]

Answer: 88.89 or 89

Explanation: Futures contract refers to a legal binding which obligates a buyer and seller to transact about a commodity, good, security or services at a predetermined price but goods are delivered or paid for in the future.

Given the following ;

Portfolio value(p) = $20million

Portfolio Beta (b) = 1.2

Index price (i) = 1080

Multiplier = 250

Future value(A) = index price × multiplier

Future value(A) = 1080 × 250 = 270000

Number of contracts (N) = (portfolio value × portfolio Beta) ÷ future value

N = ($20,000,000×1.2)÷270000

N = 24000000 ÷×270000

N = 88.8888=88.89

N = 89 (NEAREST whole number)

7 0
2 years ago
Ted is installing lighting in a new block of 12 apartments. He will need 60 metres of cable for each apartment. Each new spool h
lina2011 [118]
The total length of cable that is needed for the installation of the lighting in the new apartments is calculated by multiplying the number of apartments and the length of cable needed for each apartment. The calculation is shown below.
    L = (12 apartments)(60 m/apartment) = 720 meters of cable

As given in the problem, each spool holds 100 meters of cable. The number of spools needed is therefore calculated by dividing the total length by the length of cable per spool as shown below.
    S = (720 meters of cable) / (100 meters/spool)
     S = 7.20 spools

Hence, the smallest number of new spools that Ted will need for this job is equal to 8 spools. 
7 0
2 years ago
Other questions:
  • Cadion co. owned a controlling interest in knieval inc. cadion reported sales of $420,000 during 2011 while knieval reported $28
    10·1 answer
  • On April 1, 2021, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules,
    10·1 answer
  • Caren's Canoes is considering relaxing its credit standards to encourage more sales. As a result, sales are expected to increase
    7·1 answer
  • A borrower has a 30-year, $500,000 loan with an interest rate of 6.25%. His monthly principal and interest payment is $3,078.59.
    8·2 answers
  • The management team has asked you to reschedule the project so it finishes two weeks earlier without spending more money. They h
    8·1 answer
  • Miller Brothers Hardware paid an annual dividend of $1.15 per share last month. Today, the company announced that future dividen
    10·1 answer
  • To confirm available insurance discounts, call and ask them about
    5·2 answers
  • Type the correct answer in the box. Spell all words correctly.
    7·1 answer
  • Windswept, Inc. 2011 Income Statement ($ in milions)
    15·1 answer
  • National Bank offers a loan at 13.5% per year, compounded weekly (Assuming there are 52 weeks per year). United Bank offers a lo
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!