A town has a total residential property assessment of $975

A town has a total residential property assessment of $975 500 000. It is originally estimated that $15 567 000 must be raised through residential taxation to meet expenditures.

(a) What tax rate per $1000 must be set to raise $45 567 000 in property taxes?

(b) What is the property tax on a property assessed at $235 000?

(c) The town later finds that it underestimated building costs. An additional $2 000 000 in taxes must be raised. Calculate the increase in the tax rate required to meet these additional costs.

(d) How much more will the property taxes be on the property assessed at $235 000?

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Answer each of the following questions.(a) What is the percentage

Answer each of the following questions. (a) What is the percentage rate if the base is 88 and the percentage is 55? (b) 63 is what percent of 36? (c) What is 3/4% of $64? (d) 450% of $5 is what amount? (e) $245 is 87 1/2 % of what amount? (f) 2 1/4% of […]

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1. Calculate total contribution margin and contribution rate for the

1. Calculate total contribution margin and contribution rate for the company’s third quarter of 2019 operations. 2. Calculate the company’s fixed cost. 3. What is the selling price of one gram of cannabis in this operation? 4. How many kilograms and kilogram equivalent of cannabis the company must sell to break even? After a lengthy […]

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1. What portion of her eligible home expenses may Camille

1. What portion of her eligible home expenses may Camille claim as tax-deductible expenses if the expenses are allocated on the basis of (a) area? 2. What is her net business income if Camille allocates home expenses on the basis of area? 3. For most individuals, basic federal income tax equals the federal tax calculated […]

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In the hotel industry, three important metrics that hotel managers

In the hotel industry, three important metrics that hotel managers consider to improve their hotel performance are Occupancy Rate, Average Daily Rate (ADR), and Revenue per Available Room (REVPAR), with the last metric being the most important one among all. Occupancy rate is the ratio of rooms sold in a given day divided by the […]

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1. How many shares of each stock would he get

1. How many shares of each stock would he get if he used the $28 500 and invested equally in all four companies? 2. Suppose Amarjit decided to buy shares in only TELUS and Goldcorp. How many shares of each would he get if he used the $28 500 and bought three times as many […]

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1. lululemon athletica inc. reported that its net revenue for

1. lululemon athletica inc. reported that its net revenue for the third quarter of 2018 was $747.7 million, an increase of 21% compared to the third quarter of fiscal 2017. Calculate the net revenue for the third quarter of 2017 (rounded to the nearest hundred thousand dollars). 2. Calculate e-commerce revenue as a percentage of […]

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To earn some money, John is thinking of starting up

To earn some money, John is thinking of starting up a “Back-Yard BBQ” stand at his university campus this summer. The basic “BBQ” equipment will cost $2690 and the variable cost (VC) for each “BBQ Meal” is estimated to be $6.75. He thinks he will be able to sell each “BBQ Meal” for $10.00. (a) […]

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Grant bought a new lawn tractor on his credit card

Grant bought a new lawn tractor on his credit card for $1998. He pays his credit card off in full each month so that he does not incur huge credit card interest on his purchases. This month he was a little short on cash so he paid off the credit card balance using his secured […]

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1. Suppose Shannon and Duncan pay off their credit cards

1. Suppose Shannon and Duncan pay off their credit cards with their line of credit on April 20. They will make their monthly payments on the 20th of each month, beginning in May. Create a schedule showing their monthly payments for the next ten months. How much interest will they pay using this repayment plan? […]

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