Current ad valorem property taxes owed by the seller that have NOT yet been billed at the time of closing are an example of (D) accrued items.
The portion of the budgeted expenses of a taxing body that must be funded by real property taxes. Taxing entities occasionally use an equalization technique as part of the assessment process to reduce significant differences in assessed values within a district.The taxation authorities in Texas will only accept payment from one entity when it comes time to pay the property taxes at the end of the fiscal year. The property taxes will therefore be prorated at closing when you sell or buy a home so that each party pays their fair share of the year's taxes.How does property tax work in Texas?
Texas levies property taxes as a percentage of each home's appraised value. So, for example, if your total tax rate is 1.5%, and your home value is $100,000, you will owe $1,500 in annual property taxes.Learn more about ad valorem property taxes brainly.com/question/13226646
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Holding other factors constant, legislation to cut taxes in an open economy will: a. increase national saving and lead to a trade surplus. b. increase national saving and lead to a trade deficit. c. reduce national saving and lead to a trade surplus. d. reduce national saving and lead to a trade deficit.
The correct option is (d); reduce national saving and lead to a trade deficit.
What is trade deficit?When a nation purchases more than it exports, a trade deficit results. Although very big deficits can hurt the economy, a trade deficit is neither fundamentally fully positive nor harmful.
Some key features of trade deficit are-
When a nation purchases more than it exports, a trade deficit results. A nation with a trade deficit, also referred to as a negative trade balance, has spent more money than it has made in its foreign trade with other nations.The amount of imports and exports a nation makes can affect that nation's GDP, currency value, rate of inflation, and interest rates. The amount of imports and the size of the trade deficit can both hurt a nation's currency.A trade imbalance results when domestic consumers purchase more foreign goods than domestic manufacturers sell to overseas consumers, which lowers GDP.The trade deficit can be improved by consume less and save more.To know more about the causes of the trade deficit, here
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Education for girls is a good investment in low-income countries because __________________.
Education for girls is a good investment in low-income countries because better educated women are more likely to have healthier and better-educated children and this will promote economic growth.
Investing in girls education is a good investment in low-income countries because it will provide a boost to a country's economic growth and progress, and will act as a catalyst for gender equality on multiple levels.
Provided with an education, girls are more likely to earn a higher income later in life, increasing their family's overall quality of life.
Hence, girls education also increases the income of girls and leads to growth in GDP.
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Need help ASAP please answer this
The sum of the bank's total amount of liabilities and net worth is $5002 million.
How to calculate the values?The sum of the bank's total amount of liabilities and net worth will be:
= Total reserves + Loans + Securities + Other assets.
= 268 + 3653 + 949 + 132
= $5002 million
The additional amount of loans that the bank can make to household and firm is $8 million. This is simply the value of the excess reserve.
The current quantity of transaction deposits at the bank will be:
(Total reserve - Excess reserve) = Transactions deposit × Reserved ratio
(268 - 8) = Transaction deposit × 10%
260 = Transaction deposit × 10%
Transactions deposit = 260/10%
Transaction deposit = $2600 million = $2.6 billion
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Bo Riley pays his rent and utility bills each month by writing checks. Riley is using a _____ account. Group of answer choices demand deposit federal deposit currency time deposit certificate of deposit
Bo Riley pays his rent and utility bills each month by writing checks. Riley is using a demand deposit account.
What is a demand deposit account?This is the term that is used to refer to the deposit account that allows a person to withdraw money without having to give any prior notice.
Thins type of account is one that are checking accounts. As checking accounts, they may give a person the opportunity that they need to earn money from the deposits that they have made.
Hence the demand deposit account is one allows Riley to pays his rent and utility bills each month by writing checks.
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A product whose revenues do not cover the sum of its variable costs, its traceable fixed costs, and its allocated share of general corporate administrative expenses should usually be dropped. Group startsTrue or FalseTrue, unselectedFalse, unselected
The statement is false.
What is the cost?
Any expense a company faces when producing its products or performing its services is referred to as a cost.
What do you understand by variable and fixed costs?
Any expenses that vary according to how much a business produces and sells are considered variable costs. As a result, variable costs grow with rising production and diminish with falling production.Contrarily, fixed costs are those outlays that don't change regardless of how much a business produces.What is the Revenue?
The total income derived from the sale of products or services about a business's core operations is referred to as revenue.
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Lin is an artist and is seeking financial backing for a series of culturally relevant murals in chicago. what would be his logical choice of a crowdfunding source model?
Lin is an artist and is seeking financial backing for a series of culturally relevant murals in Chicago. What would be his logical choice of a crowdfunding source model is Option A. a patronage model
What is a patronage model?Patronage is the aid, assistance, support, privilege, or financial aid that an organization or individual bestows on another. In the history of art, arts patronage refers to the support that kings, popes, and the wealthy have provided to artists such as musicians, painters, and sculptors.
Therefore, the correct answer is option A. a patronage model
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The complete question goes thus:
Lin is an artist and is seeking financial backing for a series of culturally relevant murals in chicago. what would be his logical choice of a crowdfunding source model?
A. a patronage model
B. a lending model
C. an investor model
D. a rewarding model
Historically, there was ________ a central bank in the u.s.
Answer: Resistance to
Explanation:
The money supply term that refers to money that can be accessed quickly and easily is?
M-1 is the money supply term that refers to money that can be accessed quickly and easily.
What is M-1 in money supply?This refer to the most liquid money that comprised of the currency, traveler’s check, and checking account deposits.
The M1 money supply composed of currency, demand deposits and other liquid deposits such as savings deposits
The formula for getting the M1 is Currency + traveler check + checking account deposits.
Therefore, the M-1 is the money supply term that refers to money that can be accessed quickly and easily.
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Which audience analysis anticipates resistance if something is going to cost money?
The audience analysis that anticipates resistance if something is going to cost money is a situational analysis. This is further explained below.
What is situational analysis?
Generally, An organizational situation may be better understood by doing a situational analysis, which is a set of techniques for evaluating both the internal and external variables of a company.
In conclusion, A situational analysis is the kind of audience analysis that determines whether or not there will be opposition to anything if it will cost money.
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Does the way to amortize the loan seem correct? what alternatives could be considered?
A few amortizing loans will permit early compensation, thereby erasing any additional hobby you'd in any other case have to pay. With an easy hobby loan, you're much more likely to incur a prepayment penalty, as you are paying an equal amount to hobby on every scheduled fee and the lender is relying on that money.
An amortized loan is a form of mortgage that requires the borrower to make scheduled, periodic bills which might be implemented to both the major and hobby. An amortized loan price first can pay off the hobby expense for the duration; any final amount is positioned toward decreasing the most important quantity.
In its middle, mortgage amortization facilitates your price range for massive debts like mortgages or vehicle loans. it's also a beneficial device to demonstrate how borrowing works. by way of know-how of your fee system up the front, you can see that on occasion decreasing month-to-month installments can bring about larger interest bills over the years, for an instance.
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Which two business and technical challenges does implementing virtualization within a data center help businesses to overcome?
Two technical and business challenges include physical footprint as well as the power and air conditioning at the data center.
Initially, only one server was built within one machine with one operating system only . The server also required power and a cool environment, also a method of backup is required.
Virtualized servers always require more compatible and robust hardware than a standard machine because a computer or server which has been installed in a virtual machine commonly shares hardware with more than one servers and operating systems.
By placing more than one servers within the same physical case, more space is saved.
The proper licenses for operating virtual systems or applications or both is always required and also need the proper security applications and settings applied on them.
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Suppose you have a collision involving another car with a single occupant, the driver. It is your fault. No one is seriously hurt, but the other driver chooses to go to the emergency room to be checked out. The medical cost is $1,500. The damage to your car is $3,000, And the damage to the other car is $6,000. You have the following minimum coverage:
Bodily injury liability coverage: $15,000 per person, $30,000 per accident
Property damage liability coverage: $5,000
No collision.
1. How much would your insurance pay and how much would you pay? Explain why.
Answer:
that would be crease
Explanation:
dsa
What can occur as a result of not having an innovation and planning iteration?
There will be no time to plan, demo, and improve together if there is no invention and planned iteration.
The Innovation and Planning (IP) Iteration happens at the end of each Program Increment (PI) and fulfils several functions. It serves as a buffer for fulfilling PI Objectives and allocates time for innovation, continuous education, PI Planning, and Inspect and Adapt (I&A) activities. Every iteration is important, and the teams are largely focused on producing short-term benefit. The Solution gets closer to market with each iteration. The focus on solution delivery is high and unwavering.
Iteration Planning is a meeting when all team members decide how much of the Team Backlog they will deliver during the upcoming Iteration. The effort is summarized by team as a set of committed Iteration Goals.
As a result, if there is no innovation and planned iteration, there will be no time to plan, showcase, and improve together.
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barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. This rider is called
Barbara's policy includes a rider that allows her to purchase additional insurance at specific dates or events without evidence of insurability.
The Guaranteed Insurance (GI) tab is available on certain life insurance policies to provide supplemental insurance at a specified date in the future (subject to minimum and maximum limits) without taking any exams or answering health questions. can be purchased.
Dividends are not normally taxed as income. Instead, premium reimbursement, whether received in cash, used to purchase additional coverage, used to reduce future premiums, or remain invested in the insurance company.
Life insurance dividends are generally not taxed as they are considered premium refunds. Dividends paid are added to the base when used to purchase additional insurance.
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The keynesian model:_____.
a. takes into account individual business decisions.
b. is a dynamic model.
c. is a pedagogical model.
d. begins with individual decisions.
The keynesian model is vtakes into account individual business decisions.
Keynesians consider that, because fees are truly rigid, fluctuations in any aspect of spending intake, funding, or government fees purpose output to trade. If authorities spending increases, for example, and all other spending components continue to be constant, then output will boom.
Keynes proposed that the authorities spend more money and reduce taxes to turn a price range deficit, which might increase client demand in the economy. this will, in flip, lead to an growth in average economic pastime and a discount in unemployment.
keynesian economics a form of call for-aspect economics that encourages authorities action to growth and decrease demand and output. demand side economics. the idea that authorities spending and tax cuts help an financial system through raising call for.
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Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week. The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Kzinski that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination). Assume that Natalie has decided to use a periodic inventory system and now must choose a cost flow assumption for her mixer inventory. Inventory as on January 31, 2022 represents three deluxe mixer purchased at a unit cost of $595.
The following transactions occur in February to May 2022.
Feb. 2 Natalie buys two deluxe mixers on account from Kzinski Supply Co. for $1,200 ($600 each), FOB destination, terms n/30.
16 She sells one deluxe mixer for $1,150 cash.
25 She pays the amount owed to Kzinski.
Mar. 2 She buys one deluxe mixer on account from Kzinski Supply Co. for $618, FOB destination, terms n/30.
30 Natalie sells two deluxe mixers for a total of $2,300 cash.
31 She pays the amount owed to Kzinski.
Apr. 1 She buys two deluxe mixers on account from Kzinski Supply Co. for $1,224 ($612 each), FOB destination, terms n/30.
13 She sells three deluxe mixers for a total of $3,450 cash.
30 Natalie pays the amounts owed to Kzinski.
May 4 She buys three deluxe mixers on account from Kzinski Supply Co. for $1,875 ($625 each), FOB destination, terms n/30.
27 She sells one deluxe mixer for $1,150 cash.
Determine the cost of goods available for sale. Cost of goods available for sale.
Answer:
LIFO:
Under LIFO method units purchased last are sold first.
Sold units included all units purchased on May 4, Apr. 1 and Mar. 2 and 1 unit purchased on Feb. 2
Cost of goods sold = 3*625+2*612+1*618+1*600 = $4,317
Ending inventory = Inventory as on January 31, 2014 and 1 unit purchased on Feb. 2 = 1785+600 = $2,385
Gross profit = sales-Cost of goods sold = 8050-4317 = $3,733
Gross profit rate = 3,733/8050 = 46.37%
FIFO:
Under FIFO method units purchased first are sold first.
Sold units included all units of beginning inventory, purchased on Feb 2, Mar 2 and 1 unit from Apr. 1 purchase
Cost of goods sold = 3*595+2*600+1*618+1*612 = $4,215
Ending inventory = 1 unit purchased on Apr 1 and all units of May 4 purchase = 612+1875 = $2,487
Gross profit = sales-Cost of goods sold = 8050-4,215= $3,835
Gross profit rate = 3,835/8050 = 47.64%
Average cost
Average cost per unit = 6702/11 = $609.273
Cost of goods sold = 7*609.273 = $4,264.91
Ending inventory = 4*609.273 = $2,437.09
Gross profit = sales-Cost of goods sold = 8050-4,264.91= $3785.09
Gross profit rate = 3785.09/8050 = 47.02%
Explanation:
When considering the benefit of free trade in neighboring countries, one government might favor lowering trade barriers but won't do it because of a lack of Blank______ in the other nation.Multiple choice question.powertrustvaluerights
When considering the benefit of free trade in neighboring countries, one government might favor lowering trade barriers but won't do it because of a lack of B)trust in the other nation.
Alternate boundaries raise the price of products in blanketed industries. If one's products are inputs in other industries, it increases their production charges and then costs, so sales fall in those other industries. Decrease sales result in decreased employment.
Possibly the most not unusual political argument for government intervention is that it's miles essential to protect jobs and industries from unfair overseas opposition. Opposition is most customarily regarded as unfair whilst manufacturers in the exporting USA are sponsored in some way by using their authorities.
Import tariffs lessen the general performance of the arena economy. They lessen performance due to the fact a protective tariff encourages home firms to supply products at domestic that, in idea, may be produced extra correctly abroad.
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True or false: Many investors believe that by choosing to put their money into companies whose goods and services benefit society, they can improve society's financial health as well as their own.
Answer: True
Explanation:
Using simplified percentage complete amounts for a one-year project with weekly reporting and an average task or work packet size of one week, you can expect about a(n) ____ percent error rate.
Using simplified percentage complete amounts for a one-year project with weekly reporting and an average task or work packet size of one week, you can expect about a(n) 1 percent error rate.
What is a Simple Percent?Simple percentages are percentages of amounts that can be found with a simple division or multiplication.
What is Percent Error ?Percent errors indicate how big our errors are when we measure something in an analysis process. Smaller percent errors indicate that we are close to the accepted or original value.
For example, a 1% error indicates that we got very close to the accepted value, while 48% means that we were quite a long way off from the true value.
Percent error is the difference between estimated value and the actual value in comparison to the actual value and is expressed as a percentage. In other words, the percent error is the relative error multiplied by 100.
Percent Error Formula
The formula for percent error is:
PE = (|Estimated value-Actual value|/ Actual value) × 100
Your question is incomplete, but most probably your full question was:
Using simplified percentage complete amounts for a one-year project with weekly reporting and an average task or work packet size of one week, you can expect about a(n) ____ percent error rate.
a.1
b.5
c.11
d.15
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When selecting an investment, which criterion relates to the expected rate of return on an investment, usually over a period of one year?
The measure of liquidity determines how fast you can withdraw the money you invested if you need it or desire it.
Liquidity and Return on investment
In the event of an emergency or other financial setback, you can access liquidity in the form of your emergency savings account or the cash you have on hand. Additionally, liquidity is crucial since it enables you to take advantage of chances. A common profitability statistic used to assess how well an investment has done is the Return on Investment (ROI). ROI aims to quantify the amount of return on a specific investment in relation to the cost of the investment.
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A vacant lot that measures 100 feet wide by 125 feet deep is listed at a price of $250 per front foot. The broker will collect an 8% commission on the sale. If the lot sells for the full asking price, how much is the broker's fee
The broker's fee if the full asking price of $250 per front foot is received will be $2,000.
What is the broker's fee?
A broker's fee is an amount that the broker charges as a fee for facilitating the sale of a property.
First find the asking price:
= 250 x 100 feet
= $25,000
The broker's fee is:
= 8% x 25,000
= $2,000
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On the statement of cash flows, the cash flows from operating activities section would include:.
One thing that would be included in the cash flows from operating activities section is (d) cash receipts from sales activities.
What goes into operating activities?This includes all cash transactions that relate to the day to day running of the business as it works to earn revenue.
The receipts that are received from cash sales would therefore go into this section as it relates to revenue.
Options for this question include:
(a) receipts from the issuance of common stock
(b) receipts from the sale of investments
(c) payments for the acquisition of investments
(d) cash receipts from sales activities.
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The accounting treatment for a lawsuit depends on: _________
a. the ability to estimate the amount of payment
b. the amount of time until the lawsuit is settled
c. the likelihood of payment
d. the type of contingency
Answer:
it depends on the ability to estimate the amount of payment
Gordon Jones is considering purchasing a computer from Best Buy. He has created a scale for rating eight different computers on three different characteristics. He plans to make a short list of only those computers that score at least a 7 on his scale on all three characteristics. Which of the following choice heuristics has he chosen?
The heuristic that Gordon Jones would be said to be using is what is called the conjunctive heuristic.
What is the conjunctive heuristic?This is the type of heuristic that exists where a person would be said to set a minimum acceptable level on the attribute that they want. Then they pick the first alternative as their choice. The one that they choose is that first alternative that is able to meet the minimum standard of all of the attributes.
In simple terms the consumer in this type of heuristic is going to set what is a cut of on minimum attribute then he would go ahead to choose the first option that meets his need.
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A hiring authority is not utilizing contractors or temporary workers. What is the most likely explanation?
The most likely explanation why the hiring authority is not using contractors or temporary instructors is a, The hiring authority thinks that full-time hires are more productive.
Why might hiring authorities prefer full time workers?If a hiring authority feels that full time hires are better at their jobs and more productive, they will hire more of them.
This would lead to temporary workers and contractors being used for projects less.
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When a person accepts unquestioningly what his or her own personal judgment tells about the world, he or she is relying on _____.
When a person accepts unquestioningly what his or her own personal judgment tells about the world, he or she is relying on Intuition.
A judgment rendered towards a character (or company) for the fee of cash damages. synonyms: judgment in personam, judgment in personam, personal judgment.
Two phrases regularly used to describe personal judgments are responsibility and responsibility. folks that display an exquisite deal of private judgment have a foundation of ethical character and personal judgment is a basis for powerful hassle solving.
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Gary and Anita wish to protest their property tax assessment by petitioning the Value Adjustment Board (VAB). What is the time frame in which they must do this
The time frame in which they must protest their property tax assessment by petitioning the Value Adjustment Board (VAB) is within 25 days of the date the TRIM notice was mailed.
The official Notice of Proposed Property Taxes is represented by the abbreviation TRIM, which stands for TRUTH IN MILLAGE.
The Property Appraiser mails this notice to the owner of the record for each property in Saint Lucie County every year in the middle of August as required by Florida law.
Although not a bill, this notice is nonetheless quite significant. Based on the planned millage (tax) rates, your property value as of January 1 of that year, and any relevant exemptions for which you are eligible, it is an estimate of your property taxes.
Additionally, it includes the dates and hours of the public meetings the taxing authorities will hold to discuss draft budgets. The Value Adjustment Board's formal appeal deadline is also specified in the TRIM notice (VAB).
Hence, the time frame in which they must do this is within 25 days of the date the TRIM notice was mailed.
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If a legal monopoly owns the exclusive rights to a good for 20 years, it has a ________ for that good.
If a legal monopoly owns the exclusive rights to a good for 20 years, it has a patent for that good.
What do you mean by monopoly?
Monopoly translates to "alone to sell." When there is only one vendor of a given commodity, there is little to no intense rivalry from other sellers. We'll examine the characteristics of a monopoly market in this post.
What do u understand by patent?
An innovator receives a property right known as a patent from a government body. In exchange for full disclosure of the innovation and for a set amount of time, a patent grants the creator exclusive rights to the patented process, design, or invention.
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Assume that initially there is free trade. if the united states then imposes a $25 tariff per barrel of imported oil, the tariff revenue generated will equal?
Tarrif revenue generated is equal to the increase in the imports enlarging the tax base using import demand elasticilty.
A tarrif is a as tax on imported goods with reference to domestic products.
The production that has been imported ,government may choose to restrict competititon by applying tarrif which helps to create an equilibrium price.
Imposing of tarrif worth $25 on imports would help to reduce domestic producer's pressure upon industry generating an income .
Consumers will face higher price whereas the producers would be able to sell more in the trade creating a balance.
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You make $10.25 per hour. You have 7.5% of your total pay taken out of your check for your 401K retirement plan. How much will be taken out for your 401K if you work 47 hours this week
The amount that will be taken off the pay check for the 401k retirements plan given all the criteria indicated above is $38.82 (Option D)
What is the computation justifying the above?Given:
Pay Per Hour: $10.25
Bonus: $15.375 for every hour worked over forty hours.
Total Hour worked: 47 Hours
Percentage deductible: 7.5%
Total Pay thus =
(40 *10.25) + (7 *15.375)
= $517.625
Total 401 K deduction thus, =
7.5% * 517.625
401K Deduction total = $38.82
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Full Question:
You make $10.25 per hour. You have 71/2% of your total pay taken out of your check for your 401K retirement plan. How much will be taken out for your 401K if you work 47 hours this week? You get paid time-and-a-half for all hours over 40.
Select one:
A. $36.13
B. $69.02
C. $54.20
D. $38.82
E. $14.35