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marshall27
3 months ago
8

The owner of an interior lot has received notice that the city intends to place a sidewalk across his property. The lot measures

100' x 500'. The cost of the sidewalk is $40 per linear foot and the city will pick up 50% of the cost, with each homeowner picking up the difference. How much will this homeowner be charged in a special assessment tax to cover his cost of the sidewalk?
Business
1 answer:
marusya05 [3.7K]3 months ago
7 0

Answer:

He will incur a charge of $2000 due to a special assessment tax for the sidewalk.

Explanation:

The information provided indicates that the lot in question is an interior one, suggesting we should assess only one dimension of the property since the sidewalk is constructed at either the front or the rear.

The lot size is 100 feet in width and 500 feet in length.

The cost for constructing the sidewalk is $40 per linear foot.

The city will pay half of the total expense.

<p.to calculate="" the="" cost="" for="" width="" of="" lot:="">

100 feet multiplied by $40 equals $4000.

The city contributes 50% of the expense, meaning the homeowner is responsible for the remaining 50%.

Thus, the homeowner's share will be 50% of $4000, which is calculated as 0.5 times $4000, yielding $2000.

He will incur a charge of $2000 due to a special assessment tax for the sidewalk.

</p.to>
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soldi70 [3635]

Answer:

C. Cost-volume-profit analysis

Explanation:

Cost-volume-profit analysis (CVP analysis) plays a crucial role in cost management, focusing on the relationship between an organization's financial performance, production volume, and sales of products or services. This analytical approach is also applicable for setting prices.

The assumptions underlying CVP analysis include:

1) Production levels match sales levels, being the sole factor influencing cost and revenue changes for the business. Inventory levels of finished goods remain unchanged.

2) Other factors (like product selling prices, prices of materials and services utilized in production, variable costs per output unit, and labor efficiency) are constant within an acceptable production volume range.

3) The focus of the analysis is limited to a single product or a stable range of products. The sales mix in a multi-product company is steady.

4) Both total costs and revenue exhibit linear characteristics relative to production levels.

The analysis is performed within a reasonable production volume range.

5) All expenses are categorized as either fixed or variable costs.

6) The evaluation is intended for the short term.

7) Fixed costs remain unchanged as production volume varies within an acceptable range, with no structural adjustments occurring.

In summary, we can highlight that this method is the Cost Volume Profit analysis, which evaluates how changes in volume impact profits by examining the varying degrees of costs.

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1 month ago
You buy 50 stocks of Company A, 30 of Company B, and 20 of Company C. The annual returns of these companies are 8%, 12%, and 10%
stepan [3596]

Response:

The yearly average return stands at 9.6 %

Clarification:

Calculating the average return

Assuming the price per share is 100

                                                       Initial    Growth             Final

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Company A  50 % at 100                5,000              8 %                 5,400

Company B 30 % at 100                 3,000              12 %                3,360    

Company C 20 % at 100                  2,000             10 %                2,200

Total amounts                             10,000                                     10,960

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10,960 -  10,000  =  960/ 10000  = 9.6 % average return

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A. Report if you’ve been placed on any state or federal exclusion list

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