As the tax assessor for Indian Creek County, you have been informed that due to budgetary demands, a tax increase will be necessary next year. The total market value of the property in the county is $400,000,000. Currently, the assessment rate is 35% and the tax rate is 30 mills. The county commission increases the assessment rate to 55% and the tax rate to 35 mills.
(a)
How much property tax (in $) was collected under the old rates?
$

(b)
How much more tax (in $) revenue will be collected under the new rates?
$

Answers

Answer 1

The amount of property tax that was collected under old rates is $4,200,000 and new rates is $5,400,000.

(a) Take a look at the information provided.

$400,000,000 is the fair market value, and the assessment rate is 35%.

Thus, 35% = 35/100 = 0.35

Since fair market value x assessment rate equals assessment value

400,000,000 x 0.3 = 140,000,000

30-mill old property tax rate

To convert the tax rate from mills to decimal, multiply it by 0.001.

30x 0.001 = 0.03

Then, multiply the old tax rate by the previous assessment value of the property to determine the amount of property tax owed: 140,000,000 x 0.03 = 4,200,000.

Therefore, the amount of property tax that was collected at the previous rates was $4,200,000.

(b) The price at fair market is $400,000,000.

The evaluation rate is 45%.

45% = 45/100 = 0.45

As, or in other words,

assessment value = fair market value multiplied by the assessment rate.

As a result,

400000000 x 0.45 = 180000000

30 mills is the old property tax rate.

To compute the tax rate in decimal notation, multiply the millage rate by 0.001.

30 x 0.001 = 0.03

Calculate the property tax owing by multiplying the old tax rate by the previous assessment of the property: 180000000 x 0.03 = 5400000.

Therefore, the amount of property tax that was gathered at the new rates is 5,400,000.

Hence, the amount of property tax that was collected under old rates is $4,200,000 and new rates is $5,400,000.

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Related Questions

Colton bought some strings of beads. The number of strings was 10 more than the number of beads on each string. There were 119 beads in all. How many strings of beads did Colton buy?

Answers

Answer: 17 strings

Step-by-step explanation:

let the number of strings be a

let the number of beads on each string be b

a
b = 10 (first equation)
a × b = 119 (second equation)

From the first equation:

a = 10 + b

substitute first equation into second equation
b × (10 + b) = 119
10b + − 119 = 0
b = 7 or b = -17     reject -17

a − 7 = 10
a = 17


The sidewalk around a lake is 9/10 mile long. You walk 3 laps Around the lake in the morning and 2 laps in the evening. Your friend walks the same total distance as you on a 1 1/2 mile track. How many laps does your friend walks?

Answers

The total laps your friend runs is 3.

How many laps does your friend run?

A fraction is a non-integer that is made up of a numerator and a denominator. The numerator is the number above and the denominator is the number below.

A proper fraction is a fraction where the numerator is less than the denominator. A mixed fraction is a fraction that is made up of a whole number and a proper fraction.

The first step is to determine the total miles you run

Total miles run  = length of the side walk x total number of laps

9/10 x (3 + 2)

9/10 x 5 = 45 / 10 = 4.5 miles

The second step is to determine the total number of laps she runs:

4.5 miles / 1 1/2 miles

4.5 / 1.5 = 3 laps

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(x-5)/3=21 What is equal to x

Answers

Answer: x=68

Step-by-step explanation:

(x-5)/3=21

(x-5)*3/3=21*3     ==> Multiply both sides by 3 to remove fractions

x-5=21*3

x-5=63

x+5-5=63+5     ==> Add 5 on both sides to isolate the x variable

x=63+5

x=68

Let's solve the problem,

→ (x - 5)/3 = 21

→ x - 5 = 21 × 3

→ x = 63 + 5

→ [ x = 68 ]

Hence, the value is 68.

A company spends $20 million dollars for an office building. Over what period should
the cost be written off?

Answers

Answer:The cost should be 300,000 dollars

Step-by-step explanation:

PLS ANSWER 50 POINTS Simplify 6-3/6-4

Answers

The expression 6-3/6-4 after simplification will look like 1.5.

Given that the expression is 6-3/6-4.

We are required to find the value after simplification.

Simplification or simplify fractions basically means to simplify a complicated mathematical expression to get a single or direct answer.

We have to use BODMAS rule for the simplification. The full form of BODMAS is Brackets, Open, Division, Multiplication,Addition and Subtraction. Simplication is nothing but to reduce the expression.

The expression is  6-3/6-4.

We have to do division first.

6-3/6-4 =6-0.5-4

Now we have to do subtraction now.

6-0.5-4=5.5-4=1.5

Hence the expression 6-3/6-4 after simplification will look like 1.5.

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Given the equation y = 3x + 7, which word(s) best describes the 3? Select all that apply.
*
A. slope
B. y-intercept
C. x-intercept
D. coefficient
E. constant

Answers

The slope ( option A) best describes the number 3.

Linear Function

An equation can be represented by a linear function. The standard form for the linear equation is: y= ax+b , for example, y=7x+2. Where:

a= the slope. It can be calculated for  [tex]\frac{\Delta y}{\Delta x}[/tex].

b= the constant term that represents the y-intercept.

For the given example: a=7 and b=2.

The equation of the question is y=3x+7, when you compare this equation with the  standard form for the linear equation is: y= ax+b. You find that a=3, where a represents the slope.

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Given g(x)=-4x-4g(x)=−4x−4, find g(-2)g(−2)

Answers

Answer:g(x) = -4x - 4g(-2) = -4(-2) - 48 - 4g(-2) = 4 Ans.

what is the parent function f(x)=2x^2+3x-4

Answers

Answer:

x^2

Step-by-step explanation:

it's a quadratic equation so the parent function is x^2.

A small plant is 212 inches tall. How tall will it be in 3 weeks if it grows 34 inch each week? Which method will NOT give the correct number of inches?

Answers

The small will grow 19/4 inch in 3 weeks and the method which will not give the correct inches will be the first option which is

                       multiply [tex]2\frac{1}{2} * 3[/tex] and then add 3/4.

According to the question we have been given that

The height of the small plant = [tex]2\frac{1}{2}[/tex] inch

In  1 week the plant grows = [tex]\frac{3}{4}[/tex] inch

We need to find the height of the small plant after 3 weeks.

For that we will first find how much tall it will be in 3 weeks using unitary method that is,

                              1 week = [tex]\frac{3}{4}[/tex] inch

                               3 week = [tex]\frac{3}{4}[/tex]  * 3 inch

                                          = 9/4 inch

Therefore the height of the small plant after 3 weeks will be

                         [tex]=2\frac{1}{2} + \frac{9}{4} \\= \frac{5}{2} + \frac{9}{4}\\= \frac{10+9}{4} \\= \frac{19}{4}[/tex]

hence the height is 19/4 inch

And the method which will not give the correct number of inches is the first option which is

               multiply [tex]2\frac{1}{2} * 3[/tex] and then add 3/4.

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What is the justification for each step in the solution of the equation?

23x−13=2(x+2)


23x−13=2(x+2) Given
2x−1=6(x+2)
2x−1=6x+12
2x=6x+13
−4x=13
x=−134

Answers

The justification for each step in the solution of the equation are as follows:

2/3x − 1/3 = 2(x + 2) -- GivenBy the multiplication property of an equation: 2x − 1 = 6(x + 2)By the distributive property of an equation: 2x − 1 = 6x + 12Collect and evaluate the like terms: 2x = 6x + 13By the subtraction property of an equation: −4x = 13By the division property of an equation: x =−13/4

How to determine the justification for each step in the solution of the equation?

The equation is given as

23x − 13 = 2(x + 2)

Based on the solutions, we can rewrite the given equation as follows

So, we have

2/3x − 1/3 = 2(x + 2)

So, the justification for each step in the solution of the equation are as follows:

2/3x − 1/3 = 2(x + 2) -- Given

By the multiplication property of an equation, we have

2x − 1 = 6(x + 2)

By the distributive property of an equation, we have

2x − 1 = 6x + 12

Next, we collect and evaluate the like terms

2x = 6x + 13

By the subtraction property of an equation, we have

−4x = 13

By the division property of an equation, we have

x =−13/4

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please help

please hurry

Answers

The turning point of the equation of the graph f(x) = |x - 4| is (4, 0)

How to determine the turning point of the graph?

The equation of the graph is given as

f(x) = |x - 4|

The above equation is an absolute value function

An absolute value function is represented as

f(x) = a|x - h| + k

Where the vertex is

Vertex = (h, k)

The vertex also represents the turning point of the absolute value function

From the given equation, we have

(h, k) = (4, 0)

Hence, the turning point of the graph is (4, 0)

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Mrs. Thomas needs
to set up 5 rows of 3
marsh mellows. She
has 12 marsh C EX
mellows. Does she
have enough marsh
mellows?
A. No, she needs 20 marsh mellows
B. No, she needs 15 marsh mellows
C. Yes, she needs 10 marsh mellows
D. Yes, she needs 8 marsh mellows

Answers

no because 5 row of 3 is 15 and she only has 12 so she needs 15 and the answer is B

Last year, Suzie's salary was $76,000. This year, she is getting a 8% raise. What will her new salary be?

Answers

[tex]76000\times1.08=\boxed{82,080}[/tex]

Answer:

82,080

Step-by-step explanation:

To increase a number by it's percentage, you must first extract what 8% of 76,000 is (6080). Then, you must add the original number to what is 8% of it, to get 82,080, and that, is the final answer.

Adventure Travel has an Adjusted Trial Balance for Year Ended December 31, 20XX with the following account balances:

DEBITS: Cash: 25,000; Accounts Receivable: 15,000; Office Supplies: 4,300; Office Equipment: 29,600

CREDITS: Accumulated depreciation - office equipment: 5,000; Salaries Payable: 2,800; Long-term notes payable: 22,200; Common Stock: 20,000; Retained Earnings: 10,260

DEBIT: Cash Dividends: 1,000

CREDITS: Fees Earned: 75,000

DEBITS: Salaries Expense: 32,800; Rent Expense: 16,800; Depreciation expense - office equipment: 3,960; Advertising expense: 4,000; Office supplies expense: 2,800.

Total Debits = 135,260; Total Credits = 135,260

You have prepared the Income Statement and the Statement of Retained Earnings, now it is time to prepare the Classified Balance Sheet.

What amount do you report for Plant Assets? Specify as a whole number.

Answers

The amount to  report for Plant Assets in the Classified Balance Sheet of the company is $24,600

What are plant assets?

Plant assets are long-term fixed assets used to manufacture or sell products and services for Adventure Travel. These assets are of tangible nature and of monetarily benefits to the company for more than one accounting year.

The only plant assets in this case is the office equipment bearing in mind that it has a contra entry, in other words, the $29,600 is the cost of the office equipment , we need to deduct the accumulated depreciation on it so as to determine its current book value

plant assets=$29,600-$5,000

plant assets=$24,600

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HELP

The scatterplot for age in months and number of diaper changes per day is shown.

Part A: Estimate and interpret the correlation coefficient. (5 points)

Part B: Create an influential point for this graph that would cause the correlation to decrease. Explain your reasoning.

Answers

Answer:

Here's an answer to part of your question.

Step-by-step explanation:

The older the kids get, the less you have to change their diapers. Therefore, that is why the graph is going down

Evaluate the problem

Answers

Answer:

400

Step-by-step explanation:

Change the 16 and the 64 in the numerator to exponents

2^4 x 10^2 x 4^3/2^4 x 4^2

Simplify

10^2 x 4

100 x 4

During a person's commute to school, she spends 12 minutes driving 35 mph and 3 minutes stopped at red lights. What is the person's average
speed during her commute?
Step 1 of 2: First, find the distance of her commute.

Answers

The average speed of person during her commute is 28 miles/ hour.

What do you mean by average speed ?

The entire distance that an object travels in a given amount of time is defined as the average speed for that object.

Total time of driving is 12 minutes.

This can be written as hours which will be :

= 12 / 60

= 1/5 hour

Time of stopping at red lights is 3 minutes and speed is 35 miles per hour.

So , the total distance using the formula will be :

Total distance = Speed × time

Here , the time taken will be equal to :

= [(12 + 3) / 60]

= 15 / 60

= 1/4 hour

So ;

Total distance = 35 × (1/4 hour)

Total distance = 7 miles

And the average speed will be ;

Average speed = Distance / Time

or

Average speed = 7 miles / (1/4) hour

Average speed = 7 × 4 miles/hour

Average speed = 28 miles / hour

Therefore , the average speed of person during her commute is 28 miles/ hour.

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9. The graph represents the path of a football kicked by a player, where x is the horizontal
distance (in yards) and y is the height (in yards). The player kicks the ball a second time
so that it travels the same horizontal distance, but reaches a maximum height that is 6
yards greater than the maximum height of the first kick. Write a function that models
the path of the second kick.
y=-0.02(x - 30)2 + 18

Answers

The function that models the path of the second kick is y = -0.02(x - 0.30)^2 + 24

What are quadratic equations?

Quadratic equations are second-order polynomial equations and they have the form y = ax^2 + bx + c or y = a(x - h)^2 + k

How to write a function that models the path of the second kick?

The function that models the path of the first kick is given as

y = -0.02(x - 0.30)^2 + 18

A quadratic function is represented as

y = a(x - h)^2 + k

Where

Vertex = (h, k)

In this case, the interpretation of the vertex is

Vertex = (Horizontal distance, Maximum height)

Using the above as a guide, we have

Vertex = (30, 18)

This means that

Horizontal distance = 30

Maximum height = 18

For the second ball, we have

Same horizontal distanceMaximum height is 6 yards greater than the maximum height of the first kick

This means that

Horizontal distance = 30

Maximum height = 18 + 6

Evaluate

Horizontal distance = 30

Maximum height = 24

So, the function that models the path of the second kick is y = -0.02(x - 0.30)^2 + 24

Hence, the function that models the path of the second kick is y = -0.02(x - 0.30)^2 + 24

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There are 6 black marbles and 4 red marbles in a jar. If you add 4 red marbles to the jar, how many black marbles do you need to add to keep the ratio of black marbles to red marbles the same?

Answers

You need to add 6 red marbles for the ratio to stay the same

How many black marbles do you need to add?

The given parameters are:

Black = 6

Red = 4

Represent as ratio

Ratio = Red : Black

This gives

Red : Black = 4 : 6

When you add 4 red marbles, we have:

4 + 4 : 6 + x = 4 : 6

Where x represents the additional number of black marbles

This gives

8 : 6 + x = 4 : 6

Multiply 4 : 6 by 2

So, we have:

8 : 6 + x = 8 : 12

By comparing both sides, we have

6 + x = 12

This gives

x = 6

Hence, you need to add 6 red marbles for the ratio to stay the same

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The coldest temperature ever recorded in Mathville was -19°F. This happened on January 30th, 1955. The normal low for that day is 10°F.

How much colder was the record temperature than the normal low temperature?

Answers

Answer:

-29⁰F

Step-by-step explanation:

Because -19-10=-29.

The temperature was 29 degrees colder then normal

Can someone please help me :(?

Simplify and combine like
terms:
-2 x+14-20-8x

Answers

Answer:

-10x-6

Step-by-step explanation:

and simplify and add

How much money do you save by purchasing the vanilla cupcakes in a dozen Pak versus buying 12 individual cupcakes? $11.53 for dozen pack and twelve individual cupcakes is $2.15

Answers

Answer:

You save $ 14.27

Step-by-step explanation:

12 dozen = 11.53

2.15 x 12 = 25.80

25.80 - 11.53 = 14.27

A manufacturer of household items has total revenue given by the function R=16.5x and has total cost given by C=14x+400, where
x is the number of items produced and sold. Use graphical methods to find the number of units at which the manufacturer will break
even for the product.
The number of units that gives break even for the product is
(Simplify your answer.)

Answers

If total revenue given by the function R=16.5x and has total cost given by C=14x+400, where x is the number of items produced and sold then the number of units that gives break even for the product is 160.

What is function?

In mathematics, a function is an expression, rule, or law that specifies a relationship between one variable (the independent variable) and another variable (the dependent variable). Functions are commonplace in mathematics and are required for expressing physical relationships in the sciences. The present concept of function was proposed by German mathematician Peter Dirichlet in 1837.

If a variable y is so tied to a variable x that there is a rule that determines a unique value of y whenever a numerical value is assigned to x, then y is referred to as a function of the independent variable x.

If the manufacturer will break even for the products then

Revenue = Cost

F(R) = F(C)

14x+400 = 16.5x

On solving the equation

16.5x - 14x = 400

2.5x = 400

x = 400/2.5

x = 160

In the graph the value of x is 160 as well

Thus, to break the product even the number of units =

160

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this question has 2 parts:
Part A
Callie kicks a soccer ball from the ground. The height of the ball, in feet, above the ground t seconds after the ball is kicked can be represented by the expression 38t- 16t². Write the expression in factored form.


Part B
What is the height of the soccer ball 1.25 seconds after Callie kicks it?
______ feet​

Answers

Part A  The quadratic expression in factored form is 2t(19 - 8t)

Part B The height of the soccer ball 1.25 seconds after Callie kicks it is 22.5 ft

Part A  Write the expression in factored form.

Since Callie kicks a soccer ball from the ground. The height of the ball, in feet, above the ground t seconds after the ball is kicked can be represented by the expression 38t- 16t².

So, the expression is a quadratic expression, we have that h(t) = 38t- 16t².

To write the expression in factored form, we find the common factors of both terms and factor them out.

So,  h(t) = 38t- 16t²

= 2 × 19 × t - 2 × 8 × t × t

Factoring out 2 and t, we have

= 2 × t × (19 - 8 × t)

= 2t(19 - 8t)

So, the quadratic expression in factored form is 2t(19 - 8t)

Part B What is the height of the soccer ball 1.25 seconds after Callie kicks it?

Since the quadratic expression h(t) = 38t- 16t² represents the height of the ball above the ground in feet, to find the height of the ball after 1.25 second,we substitute t = 1.25 s into the expression.

So, h(t) = 38t- 16t²

h(1.25) = 38(1.25) - 16(1.25)²

h(1.25) = 47.5 - 16(1.5625)

h(1.25) = 47.5 - 25

h(1.25) = 22.5 ft

So, the height of the soccer ball 1.25 seconds after Callie kicks it is 22.5 ft

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Which of the following represents an INEFFICIENT point of production?
a. Point A
b. Point B
c. Point D
d. None
e. Point C

Answers

The INEFFICIENT point of production in the given graph is represented by Point A , the correct option is option (a).

The given graph is for skateboards vs Bikes .

We need to find the point representing the Inefficient Point of Production.

The Production Possibility Curve points are said to be Inefficient when the resources are not utilized to the fullest.

In the given Production Possibility Curve between Skateboards and Bikers the point A is the inefficient point of production .

Therefore , the Inefficient point of production in the given curve is represented by Point A , the correct option is option (a)

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The difference between the square of c and the total of c and 14

Answers

The given statement written as a mathematical expression is c² - c + 14

Writing an expression

From the question, we are to write the given statement as a mathematical expression

The given statement is

"The difference between the square of c and the total of c and 14"

The square of c is

and

The total of c and 14 is
c + 14

Thus,

The statement becomes

c² - c + 14

Hence, the given statement written as a mathematical expression is c² - c + 14

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Evaluate (a - 4b)2 + 2a if a = 15 and b = 3.

Answers

Answer:

9

Step-by-step explanation:

(a-b)^2=a^2-2ab+b^2

(15-12)^2=9

Answer: 96

Step-by-step explanation:

Plug in a and b. so, (15-4(3))2+2(15). so (15-12)2+30. (3)32. Answer is 96.

Please help what is 8.9 divided
by 0.4

Answers

Answer:

8.9 ÷ 0.4 = 22.25

so the answer is 22.25

hope this helps

Answer:

22.25 is your answer

Step-by-st

The sum of two consecutive even integers is 46. Find the integers.

Answers

Let the first integer be x

x + x + 2 = 46
2x + 2 = 46
2x = 44
x = 44/2
x = 22

The even integers are 22 and 24

Answer:

22, 24

Step-by-step explanation:

Hello!

Consecutive integers are integers that come after each other. We want to find two consecutive even integers that when added give us 46.

Let the first consecutive even integer be x. Since even integers come every 2 integers (even, odd, even), the second even integer should be x + 2.

Solve for xx + x + 2 = 462x + 2 = 462x = 44x = 22

That means x + 2 should be 24.

The two numbers are 22 and 24.

Computing a percent mixture
A chemist mixes 225 milliliters of a solution that is 39% acid with 25 milliliters of a solution that is 19% acid.
Answer the questions below. Do not do any rounding.
(a) How many milliliters of acid are in the resulting mixture?
milliliters
(b) What percentage of the resulting mixture is acid?
0%

Answers

Part a: Resulting mixture: 92.2 milliliters.

Part b: Percentage of acid in the resulting mixture = 36.88%.

What is defined as the percentage?A percentage is a segment of a whole represented as a number between 0 or even 100 instead of as a fraction. Nothing is zero percent, everything is 100 percent, half of everything is fifty percent, and nothing is zero percent. To calculate a percentage, divide the fraction of the total by the total and multiply by 100.

Part a: Find the both values from the given percentage;

225 millilitres of a solution contains is 39% acid.

39% of 225 = (39×225)/100 = 87.75 millilitres.

Now, 25 milliliters of a solution contains is 19% acid.

19% of 25 = (19×25)/100 = 4.75 millilitres.

Mixture solution = 87.75 + 4.75

Mixture solution = 92.2 milliliters of acid.

Part b: percentage of the resulting mixture is acid.

92.2 milliliters of the total 250 milliliters is acid.

= 92.2/250 × 100

= 36.88 %

Thus, 36.88% of the the resulting mixture contains acid.

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factor x^4+2x^2-10x^2=0 FILL IN THE BLANK HELP!! 15 POINTS!Density is a physical property that measures the _________ per given ________of a solid liquid or gas.Density is most commonly used for determining how different ________ interact with one another.Objects will _______ densities will generally float above objects with ________ densities. Are you a Cyrina Fan?Comment yes if you are solve the equation: 6(3x - 4) + 54 = -3(x + 11) Chicken prices have not decreased, but consumers buy chicken in increased quantities because prices for beef and pork have risen. How does this affect the demand curve for chicken? f(0) = -5; f(n) = f(n - 1) + 8 Find the coordinates of the orthocenter of each triangle with the given vertices. J(3,-2), K(5,6), L(9,-2) b. Find the common ratio for a geometric sequence that includes the terms from part (a) as its first three terms. Which algebraic expression models the word phrase two times the sum of a and b ? (f) a+b (g) 2 a+b (h) 2(a+b) (i) a+2 b Emily began rebuilding the doll house her brother had demolished.O adjectiveO verb If+a+firm+borrows+$50+million+for+one+year+at+an+interest+rate+of+9%,+what+is+the+present+value+of+the+interest+tax+shield?+assume+a+21%+marginal+corporate+tax+rate. factorise x*x+5x+6............ given the rule what is the new coordinate? Show all of your work. rule: (x, y) -> (x-7.5, y+6.8) original coordinate: (5, 3) The velocity, V, of a specific object being dropped from a particular height, h, can be found by the radical function V equals the square root of the quantity 2 times h times a end quantity where a represents the acceleration in ft/sec2. If the acceleration due to gravity is 32.2 ft/sec2, at what height should you drop an object in order for it to have a velocity of 80 ft/sec? 5,152 feet 99.4 feet 71.8 feet 1.5 feet A group of SHEEP is called a FLOCK.What is a group of COWS called? what is (8+(-3))(-5 )= If you answer this right then you are smert What is 9+10? Decide if the noun-adjective agreement is CORRECT or INCORRECT in the following sentence.Las chicas son altas. A random survey was conducted to determine where families vacationed. The results indicated that P(B)=0.6, P(B ^M)=0.2 , and the probability that a family did not vacation at either destination is 0.1 .a. What is the probability that a family vacations in the mountains? Find x and z the graph is right below