Sea Company was expanding its production facilities and purchased large quantitiesof land in Montreal for $7,340,000. If the municipality assessed the value of theindustrial land at 80% of its purchase price, and the tax rate is 0.9% per annum onthe assessed value, calculate how much Sea Company would have to pay in propertytax this year?

Answered: Image /qna-images/answer/53445405-3eee-427b-9f60-58ad7db95948.jpg

Answered: Sea Company was expanding its…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Bose International Inc. had total revenue of $92,150 last year. Its total variable costs and fixed costs for the period were $22,850 and $22,700, respectively. Compute the break-even point in sales dollars. Sales at Break-even: $ (Round off to the nearest cent)
A contractor has $650 worth of electrical material on the shelf in stock for 3 consecutive years. If the money is borrowed at 12% interest rate per annum, what does it cost to carry this stock?
A clothing merchant purchases a shipment of clothes for $36,000.00 with discounts of 8% and 4%. He sells it to a customer at a price which includes 21% profit on selling price and overhead expenses of 24% on selling price. a. How much did it cost him to purchase the container of clothes? b. What was the selling price of the container of clothes? c. Calculate the break-even selling price.
The debtor wants to pay off a debt due from three amounts: 1000 riyals, 1500 riyals and 2000 riyals, on dates separated from today by 30, 35 and 40 days, in one batch after 38 days. What is the basic value of the payment, given that the rate used is 10%?
If I purchased an appliance for $2500 , paid $800 as a down payment and financed the remainder over 3 years, at 11% interest (with add-on), What is the total amount paid for the appliance
Thompson Laser Company had ending inventory of $163,600 this year, ending inventory of $134,000 last year, and $262,000 as cost of goods sold. Compute the inventory turnover rate.
You are currently making $70,000 a year after taxes and are interested in maintaining your current income. If you are expecting $2,500 a month from Social Security, how much will you need to withdraw from you retirement accounts monthly?
What would Jeremy's taxable income be if he were to choose a standard deduction of $5700 instead of itemizing his deductions? Would it be higher or lower?
2. Jack sold a t-shirt for $100, he made a profit percentage of 25%. Calculate: a. The cost price of the t-shirt b. The amount of profit Jack made. 3. James is a friend of the grocery store owner, the owner allocates to James' name, a special discount of 2% whenever he shops at the store. If James' total $156.20 calculate whether or not James' total would be under $150.00 after the discount. 4. Jake buys a shirt marked at $80. He receives a 10 per cent discount. How much does he pay for the shirt? Section 4 (Measurement) 1. Calculate the are and perimeter of a square with sides 8 cm. 2. Calculate volume of a cube with side 15 m.

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