Kathy's house is assessed at $113,000. This year, she owes $6,780 in property taxes. What is her tax rate?
A) 5.50%
B) 5.75%
C) 6.0%
D) 6.5%
C
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Retained earnings measures the cumulative excess of net income over dividends for the life of a firm. Cumulative means that retained earnings aggregates all undistributed earnings
Indicate whether the statement is true or false
In a sale on approval, there is no sale unless and until the buyer accepts the goods
Indicate whether the statement is true or false
If a company sells equipment at a loss, the loss from selling the equipment is reported in the investing activities section of the statement of cash flows.
Answer the following statement true (T) or false (F)
When environmentalists recognized that politicians were not going to pass stricter legislation and regulations, they changed their tactics to force change. According to the Layzer article in the chapter, these new tactics included: I. Eco-terrorism – bombing pipelines and factories. II. Collaboration with businesses – create partnerships to improve environmental impacts. III. Public relations
campaigns – go public with their accusations and encourage consumers to demand change. IV. Work internally through shareholders to try to change corporate disclosures a. I and II b. II and III c. III and IV d. II, III and IV.