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In 2015 the property tax rate in the city of Bloomington, IN was 2.0858%, while the median in Indiana was 1.89%. a. What is the likely effect on property values in Bloomington? b. What would the likely effect be of reducing the property tax rate in Bloomington to 1.3%?
Assume that, because the building sees a constant flux of people throughout the day, Super Rise is allowed to access the elevators and related mechanical equipment only between 3am and 5am on any given day, which is insufficient to perform some of th..
A company had 130,000 shares of common stock outstanding on January 1 and then sold 30,000 additional shares on March 30. Net income for the year was $495,625. What are earnings per share? Extraordinary items are found on the income statement: what a..
Firm E has net income of $150,000, sales of $2,500,000, and ROI of 15%. Calculate the firm's turnover and average total assets. (Omit the "tiny_mce_markerquot; sign in your response.) Turnover $ Average total assets.
Use the information provided about the 2014 operations of Roxie Company to calculate the cash paid for merchandise.
ABC Company employs a periodic inventory system and sells its inventory to customers for $20 per unit. ABC Company had the following inventory information available for the month of May: Calculate the dollar amount of ending inventory shown on ABC's ..
In variance analysis it is possible for the volume variance to be negative and the management variance to be positive. Providers accepting capitates contracts need to receive a PMPM premium sufficient to cover medical costs, administrative cost and a..
Brown Company's bank statement for September 30 showed a cash balance of $1,350. The company's Cash account in its general ledger showed a $995 debit balance. The following information was also available as of September 30.
Various accounting assumptions, principles, constraints, and characteristics are listed below. Select those which best justify the following accounting procedures and indicate the corresponding letter(s) in the space(s) provided.
On December 28, 2012 Piedmont Supply Co. ships $155,000 of merchandise by common carrier to the Maxwell Company. The terms of the sale are 3/15, n/45, FOB destination. It takes 5 days for the merchandise to arrive at Maxwell Company. Both Piedmont Su..
Yumi's grandparents presented her with a gift of $20,000 when she was 12 years old to be used for her college education. Over the next 5 years, until she turned 17, Yumi's parents had invested her money in a tax-free account that had yielded interest..
1. one month before the end of the financial year christine paid pound12000 for the annual rent for her office. however
A Company leases demolition equipment to credit worthy adults who wish to destroy the homes a competitor. A Company has agreed to lease a crane with a wrecking ball to Barbara. Ms. Bush has formed a limited liability corporation, BB, Inc., to lease t..
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