Budget planners for a certain community have determined that $9,235,400 will be required to provide all government services next year. The total assessed property value in the community is $122,500,000. What tax rate is required to meet the budgetary demands? (Express your answer as a tax rate per $100 and round to the nearest hundredth)
A) $7.49
B) $7.54
C) $7.11
D) $7.59
B
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A common measure of long-term solvency is the
a. receivable turnover. b. asset turnover. c. debt to equity ratio. d. current ratio.
With regard to inventory management, EOQ stands for ______.
A. economic order quantity B. easily ordered quantity C. electronic ordering quantity D. everlasting online quantity
How does providing services for cash affect the accounting equation? Is it considered an asset source, asset use, or asset exchange transaction?
What will be an ideal response?
Which of the following was a consequence of passage of the Financial Modernization Act (Gramm-Leach-Bliley)?
A) Formation of insurers was made easier because capital requirements were reduced. B) It became easier for insurers to conduct business as they were no longer required to be licensed in each state where they operate, but only in the state where they are domiciled. C) Insurers were required to prepare financial statements using generally accepted accounting principles (GAAP) instead of using statutory accounting. D) Depression-era barriers between underwriting risk, depository functions, and securities underwriting were eliminated.