Fresh Powder, Inc., manufactures snowboards. Based on past experience, Fresh Powder has found that its total annual overhead costs can be represented by the following formula: Overhead cost = $614,100 + $1.26X, where X equals number of snowboards. Last year, Fresh Powder produced 23,000 snowboards. Actual overhead costs for the year were as expected.

Required:

1. What is the driver for the overhead activity?


For questions 2-4, Enter the final answers rounded to the nearest dollar.

2. What is the total overhead cost incurred by Fresh Powder last year?

$fill in the blank 2
3. What is the total fixed overhead cost incurred by Fresh Powder last year?

$fill in the blank 3
4. What is the total variable overhead cost incurred by Fresh Powder last year?

$fill in the blank 4
For questions 5-7, round your answers to the nearest cent. Use those rounded figures in subsequent computations, if necessary.

5. What is the overhead cost per unit produced?

$fill in the blank 5
per unit

6. What is the fixed overhead cost per unit?

$fill in the blank 6
per unit

7. What is the variable overhead cost per unit?

$fill in the blank 7
per unit

8. Recalculate Requirements 5, 6, and 7 for the following levels of production: (a) 22,300 units and (b) 24,400 units. Round your answers to the nearest cent.

22,300 Units 24,400 Units
Unit cost $fill in the blank 8
$fill in the blank 9
Unit fixed cost fill in the blank 10
fill in the blank 11
Unit variable cost fill in the blank 12
fill in the blank 13
The reason the unit costs changed in the way they did is because:

Answers

Answer 1

1) The driver for the overhead activity is the number of snowboards produced.

2) The total overhead cost incurred by Fresh Powder last year is $643,080.

3) The total fixed overhead cost incurred by Fresh Powder last year is $614,100.

4) The total variable overhead cost incurred by Fresh Powder last year is $28,980.

5) The overhead cost per unit produced is $27.96.

6) The fixed overhead cost per unit is $26.70.

7) The variable overhead cost per unit is $1.26.

Unit Costs Recalculated:

                                               22,300 Units    24,400 Units

8 and 9) Total unit cost              $28.80             $27.58

10 and 11) Unit fixed cost            $27.54              $25.17

12 and 13) Unit variable cost         $1.26               $1.26

14) The reason the unit costs changed in the manner they did is because the total overhead and fixed cost per unit increase as production units reduce and decrease with increased production.

On the other hand, the variable cost per unit remains fixed with its total increasing or decreasing with production levels.

Total annual overhead costs formula:

Overhead cost = $614,100 + $1.26X, where X equals number of snowboards

The number of snowboards produced last year = 23,000 units

At 23,000 Production Units:

Total overhead cost = $643,080 ($614,100 + $1.26(23,000)

Overhead cost per unit = $27.96 ($643,080/23,000)

Variable costs = $28,980 ($1.26 x 23,000)

Variable cost per unit = $1.26 ($28,980/23,000)

Fixed overhead cost per unit = $26.70 ($614,100/23,000)

At 22,300 Production Units:

Total overhead cost = $642,190 ($614,100 + $1.26(22,300)

Overhead cost per unit = $28.80 ($642,190/22,300)

Variable costs = $28,098 ($1.26 x 22,300)

Variable cost per unit = $1.26 ($28,098/22,300)

Fixed overhead cost per unit = $27.54 ($614,100/22,300)

At 24,400 Production Units:

Total overhead cost = $672,934 ($614,100 + $1.26(24,400)

Overhead cost per unit = $27.58 ($672,934/24,400)

Variable costs = $30,744 ($1.26 x 24,400)

Variable cost per unit = $1.26 ($30,744/24,400)

Fixed overhead cost per unit = $25.17 ($614,100/24,400)

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Related Questions

A simple interest calculation provides a useful estimate of what compound interest will be if ___________. a. the dollar amount is small, b. the dollar amount is large, c. the term is long, d. the term is short
The answer: c. the term is long is the wrong answer

Answers

D is your answer

Hope this helps have an excellent day!

Mr X offers Mango for sale to Y at a price of Tk8500 per ton. Initially, Mr. Y accepts X’s offer. But with certain changes in the market situation Mr.Y wants to revocation of the offer and acceptance. Explain how Mr. Y revoked this offer

Answers

Answer:

To revoke an offer, Mr. Y can communicate to Mr. X that he no longer wishes to proceed with the sale of mangoes at the agreed upon price of Tk8500 per ton. This can be done through various means of communication, such as in person, over the phone, or in writing.

It is important to note that an offer can only be revoked before it has been accepted. Once an acceptance has been communicated, the offer is considered to be binding and cannot be revoked. Therefore, it is essential that Mr. Y communicates his revocation of the offer before Mr. X has accepted it.

It is also worth noting that an offer can be terminated or become void in certain circumstances, even if it has not yet been accepted. For example, if the offer specifies a time limit for acceptance and that time limit expires, the offer is no longer valid. Similarly, if the subject matter of the offer is destroyed or becomes unavailable, the offer may also be terminated.

Explanation:

What forces in the external environment have created opportunities or challenges for Michelle Phan? Explain.

Answers

Answer :

1. Social Media Platforms:

2. Beauty Industry Trends:

3. Economic Conditions:

4. Competition:

8. We asked our writer to write a short essay on "The benefits of eating fats"
This is what the writer wrote:
With all the different dietary advice flying around these days, how can you even begin to
know what food choices to make? Take fat for example. For years it has been painted
as an evil monster and the root cause of high cholesterol, heart disease and obesity.
Fat gets a bad rap even though it is a nutrient that we need in our diet, just not too
much.
There are different types of fats, with some fats being healthier than others. To help
make sure you stay healthy, it is important to eat unsaturated fats in small amounts as
part of a balanced diet. When buying products check the labels and choose the varieties
that are lower in saturated and trans fats and higher in poly and monounsaturated fats.
A diet that is low in saturated fats and trans fats, but that also includes moderate
amounts of unsaturated fats will help you stay healthy.
When comparing the advantages and disadvantages of eating fat, consider your weight,
caloric intake and health goals and concerns. Eating the recommended amount of fat
from a variety of healthy sources will meet your body's need for the essential nutrient.
Consuming too much of the wrong type of fat can lead to weight gain or heart disease.
Learn all about dietary fats and how getting too much or too little affects our health.
On a scale of 1 to 5, 1 being very bad and 5 being very good, what rating would
you give? Why?
Answer:
What are the strengths of this writer? What are the weaknesses?

Answers

Answer: I would like to rate it 4 because the writer has explained very nicely the right amount pf consumption of fat in the daily diet of a person

His strengths are that he is very clear with his points and has explained briefly and clearly the disadvantages of consuming too much fat.

One weakness that came to my consideration is that he has not mentioned the data in the form of figures like how much percentage and quantity is recommended and how excess fats can cause fluctuation in our blood pressure and heart activity because I believe figures are very important while writing about such issues.

Explanation:

4. What was the strengths and weakness of each contributors/authors theory/principles?​

Answers

Answer:In the modern world, every firm needs to create a successful management strategy. This procedure combines planning, organisation, incentive, and control to create a productive business function that will aid in the accomplishment of goals and objectives. Scientific management, which can be observed in the operational strategies of Toyota and Apple enterprises, is one of the practical and tested methods of controlling the work of the organisation. To sustain a competitive position, it is beneficial to design a specific strategy while adhering to individual values, viewpoints, and activity techniques.

Explanation:



If a firm is operating at a point on its long-run average total cost curve where the slope is negative, it
is
O experiencing increasing returns to scale
O experiencing constant returns to scale
O experiencing decreasing returns to scale
O achieving efficient scale
O
making progressively less as it increases its inputs

Answers

A company is enjoying growing returns to scale if it is performing at a position on its long-run total cost average curve at which slope is negative.

What in business is the firm?

A partnership is a for-profit enterprise that often takes the form of a partnership and offers professional services like accountancy or legal counsel. According to the philosophy of the firm, places operate to maximize profits.

Why does "firm" signify "company"?

The phrase "business house" first appeared there in English language in 1744, according to an International Etymology Dictionary. It is said to have originated from the German term Firma, which meant "a firm, name of either a firm" and was derived as from Italian words Firma, which meant "signature," and Firmare, which meant "to sign."

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Unsecured personal loans are based on ________., a. property values, b. collateral, c. private lending, d. creditworthiness

Answers

Answer:

creditworthliness

Explanation:

unsecured personal loans is a loan that does not require any type of collateral.

Select each of the phases in the project-management lifecycle.


project definition

project initiation

project closure

project monitoring

project execution

project planning

Answers

Answer:

PROJECT PLANNING IS YOUR ANSWER

HOPE IT HELPS

MARK AS BRAINLIEST

Which entities offer certifications and qualifications in accounting that will help increase your future earning potential, deepen your knowledge, and enhance your credibility in the field?

Answers

Answer:

Entities that offer certifications and qualifications in accounting that will help increase your future earning potential, deepen your knowledge, and enhance your credibility in the field include:

Explanation:

Certified Public Accountant (CPA), Certified Financial Analyst (CFA), Certified Fraud Examiner (CFE), and Certified Internal Auditor (CIA). Additionally, organizations such as the American Institute of Certified Public Accountants, the Institute of Management Accountants, and the International Ethics Standards Board for Accountants (IESBA) offer certifications and qualifications that are beneficial for those in the accounting field.

Cultural differences that might influence the guest service experience include all of the following except

diet
greetings
humor
marriage

Answers

Answer: marriage

Explanation: You are correct! Diet, greetings, humor, and marriage are all cultural differences that can influence the guest service experience. However, marriage is not a cultural difference and therefore would not be included in this list.

Which of the following statements about effective global leadership are NOT true?

A. In collectivist cultures, employees typically value their autonomy, and are unlikely to be motivated by fringe benefits and training provided by the employer.

B. High power distance implies that people would be more motivated by teamwork and relations with peers.

C. High masculinity suggests that most people would be more comfortable with the traditional division of work and roles; in a more feminine culture, the boundaries could be looser, motivating people through more flexible roles and work networks.

D. The higher the level of "masculinity" (such as in Japan and Mexico), the more motivated employees were by being given opportunities for high pay, personal accomplishment, and job advancement.

E. Traditional Chinese management style focuses on human-centredness, family-centredness, and centralisation of power.

Answers

High power distance suggests that individuals would be more motivated by group dynamics and peer relationships. As a result, choice (B) is appropriate.

What is global leadership?

Global leadership is the interdisciplinary study of the critical skills that future leaders in all spheres of the personal experience should master in order to effectively become familiar with the psychological, physiological, geographical, geopolitical, anthropological, and sociological effects of globalization.

When a person or people use a global mentality to lead collaborative efforts between various stakeholders through an environmental complexity toward a vision, this is known as global leadership. To enable today's complicated processes of information sharing around the world, global leaders must be able to connect people from different nations and engage them in global team collaboration.

Hence option (B) is accurate.

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How can the member countries of wto appreciate the fta

Answers

Free trade agreements (FTAs) are agreements between two or more countries to reduce or eliminate tariffs and other trade barriers on a wide range of goods and services. The World Trade Organization (WTO) is an international organization that promotes trade and helps to resolve disputes between countries.

There are several ways in which member countries of the WTO can appreciate the benefits of FTAs:

1- Increased trade: FTAs can help to increase trade between member countries by reducing or eliminating tariffs and other trade barriers. This can lead to increased exports and imports, which can benefit businesses and consumers in both countries.
2- Economic growth: FTAs can help to stimulate economic growth by increasing the flow of goods and services between countries. This can lead to increased production, employment, and income in member countries.
3-Improved competitiveness: FTAs can help member countries to become more competitive in global markets by reducing the costs of importing and exporting goods and services. This can make it easier for businesses in member countries to enter new markets and expand their operations.
4-Consumer benefits: FTAs can benefit consumers in member countries by providing them with a wider range of goods and services at lower prices. This can be especially beneficial for consumers in developing countries, who may have limited access to certain products due to high tariffs.
5-Political benefits: FTAs can also have political benefits, as they can help to strengthen relationships between member countries and promote cooperation and stability in the region.

Considering current world economic climate, the future exchange rates are uncertain. How would you analyse/anticipate the change in exchange rates? Write a brief proposal to mitigate impact of possible exchange rate fluctuations

Answers

Answer:

In order to analyse and anticipate the change in exchange rates, I would use a combination of technical and fundamental analysis. Technical analysis involves studying charts and trends to identify patterns that can be used to predict future price movements. Fundamental analysis involves looking at economic indicators such as GDP growth, inflation, unemployment, and interest rates to gain an understanding of the underlying economic conditions that can affect exchange rates.

In order to mitigate the impact of possible exchange rate fluctuations, I would suggest implementing a strategy of hedging. Hedging involves taking out a position in a currency or financial instrument that is opposite to the current position in order to reduce the risk of losses due to exchange rate fluctuations. This can be done through the use of forward contracts, options, and futures. Additionally, I would suggest diversifying investments across multiple currencies to reduce the risk of losses due to exchange rate fluctuations.

Finally, I would suggest monitoring exchange rate movements closely and adjusting the hedging strategy accordingly in order to ensure that the hedging strategy is effective in mitigating the impact of exchange rate fluctuations.

Explanation:

2. What was the reasons/motives of each contributors/authors behind developing such management theory​

Answers

Explanation:

[tex]Cosθ[/tex]

Cos(θ)

The graph represents the market for artichokes (in pounds per week) at a Midwest farmers' market. Suppose the equilibrium price of
artichokes is $3 per pound and the equilibrium quantity is 100 pounds of artichokes per week.
Using the graph determine how much economic surplus is generated in the market each week.
4
Economic surplus: $

Answers

The producer surplus created for suppliers of artichokes each week are $100.

What is surplus?

When you have more of something that you need or expect to utilize, you have a surplus. When there is extra stockpile is, when the quantity given exceeds the quantity requested—a market surplus occurs. Surplus is an economic phrase that refers to the amount of advantage or sources to support by consumers and manufacturers when they exchange goods and services.

Equilibrium price = $3 per pound

Equilibrium quantity = 100 pounds

Y-intercept of supply curve = $1 per pound

Determine the Producer Surplus -

producer surplus  = 1/2 × [Equilibrium price - Y-intercept of supply curve] × Equilibrium quantity

producer surplus = 1/2 × [$3 - $1] × 100

producer surplus = 1/2 × [$2] × 100

producer surplus = 1/2 × 200

PS = $100

Thus, the producer surplus created for suppliers of artichokes each week are $100.

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Your question is incomplete, but most probably the full question was.

The graph represents the market for artichokes (in pounds per week) at a Midwest farmers' market. If the equilibrium price is $3 per pound and the equilibrium quantity is 100 pounds per week, what is the producer surplus created for suppliers of artichokes each week?

what is business and what are the four resources a business needs in order to be successful ​

Answers

Answer: Business is an organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. The four resources are Human resources, material resources, informational resources, and financial resources.

Explanation: Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit

Hope this was helpful

Suppose you have a credit card bill of $1,275 for the month of October. If you pay the full balance before your bill is due, how much will you pay in interest?

Answers

Note that according to the above prompt, no interest will be paid on the credit card bill.

What is the rationale for the above response?

You will not be charged interest if you pay the entire balance before the payment is due.

Because interest is usually imposed on outstanding balances, if the entire debt is paid before the due date, there will be no unpaid balance and hence no interest to pay. Pay the balance before the due date to prevent interest charges and late penalties. If the balance is not paid in full, interest will be levied on the unpaid balance, which may rapidly pile up and make the credit card debt more expensive.

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What are the specific characteristics that define the private enterprise system? How does this type of system encourage innovation? Provide an example that helps to illustrate this and explain.

Answers

private enterprise is characterized by competition, open markets, private ownership, and private initiative. Producers take production initiative on the basis of price and profit-and-loss signals essentially given by consumers.

A flexible expense and a periodic expense are basically the same thing.

Answers

Answer:

A flexible expense is a type of business expense that can vary in amount from one period to the next.on the other hand Periodic expenses, on the other hand, are expenses that occur on a regular basis

Explanation:

A flexible expense is a type of business expense that can vary in amount from one period to the next. These expenses are typically not fixed and can be adjusted based on the needs of the business.

Periodic expenses, on the other hand, are expenses that occur on a regular basis, but not necessarily at the same intervals. These expenses may be fixed or variable in amount, and they may be related to the operation of the business or to the personal needs of the owner.

While both flexible expenses and periodic expenses can vary in amount, they are not necessarily the same thing. Flexible expenses are typically discretionary expenses that can be adjusted based on the needs of the business, while periodic expenses are more predictable and may be necessary for the operation of the business.

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Which of these is NOT considered an "out-of-pocket" expense?
O Your monthly premium
O A copay of $15 to fill a prescription
O A $1000 deductible if you're in an auto accident
O Excess bills from a car accident once you've gone over your maximum coverage limit

Answers

Answer:

c

Explanation:

a $1000 deduct because your insurance covers it.

Communication which occurs with
people of similar positions would fall
under which category?
A. synchronous
C. vertical
B. a synchronous
D. horizontal

Answers

Communication which occurs with people of similar positions is called horizontal.

What is communication?

Giving, receiving, and exchanging information are all parts of communication, which might take the form of talking, writing, listening, or reading. Effective communicators pay close attention to others' perspectives, talk or write effectively, and respect them. Kids that have good communication skills may communicate both in person and online. Understanding how words and visuals influence other people is essential for texting, talking, and publishing safely. By modeling effective communication, training kids to use social media responsibly, and exposing them to material that values healthy communication, you may aid in their development as communicators. Depending on whether information is exchanged between people, members of other species, or non-living objects like computers, different types of communication can be classified. The contrast between verbal and non-verbal communication is significant for human communication. Language-based communications are exchanged during spoken conversation. Esperanto is an example of an artificial language, although it may also occur through natural languages like English or Japanese.

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Suppose an economy is producing gasoline. Which of the
following will be true?

a. The marginal benefit of the 100th gallon is bigger than the marginal
benefit of the 5th gallon

b. The marginal benefit of the 100th gallon is smaller than the marginal
benefit of the 5th gallon

c. The opportunity cost of producing the 100th gallon is smaller than the
opportunity cost of the 5th gallon

Answers

The answer depends on the specific context of the economy and how the production of gasoline is being allocated.

a. The marginal benefit of the 100th gallon is bigger than the marginal benefit of the 5th gallon is not always true. The marginal benefit of a good is the additional benefit that a consumer receives from consuming one more unit of the good. As such, the marginal benefit of gasoline can vary depending on a consumer's needs and preferences. For example, if a consumer is stranded on a highway with no gas, the marginal benefit of the 5th gallon may be much higher than the marginal benefit of the 100th gallon.

b. The marginal benefit of the 100th gallon is smaller than the marginal benefit of the 5th gallon is not always true. This is similar to the point I made above. The marginal benefit of a good can depend on a consumer's needs and preferences, so it is not possible to say that the marginal benefit of the 100th gallon will always be smaller than the marginal benefit of the 5th gallon without more information about the specific context.

c. The opportunity cost of producing the 100th gallon is smaller than the opportunity cost of the 5th gallon is also not always true. Opportunity cost is the cost of foregone opportunities, i.e., the next best alternative that must be given up in order to pursue a certain action. The opportunity cost of producing gasoline can depend on various factors such as the availability of resources, the cost of production, and the demand for other goods. So, its not possible to say that the opportunity cost of producing the 100th gallon is always smaller than the opportunity cost of the 5th gallon without more information about the specific context.

Do you think ethics is become more or less important in business? Explain it. What is the difference between Ethical Relativism and Ethical absolutism. Explain it by your own words with example

Answers

hics has always been an important aspect of business, but in recent years, its significance has been further highlighted by a growing number of high-profile corporate scandals and increased public scrutiny of corporate behavior. As such, many businesses and organizations are placing a greater emphasis on ethical practices and decision-making.

One of the key reasons for this increased emphasis on ethics is the recognition that ethical behavior is not only the right thing to do, but it also has a positive impact on a company's bottom line. Ethical practices can lead to improved employee morale and productivity, increased customer loyalty, and a better reputation in the community. Additionally, businesses that prioritize ethics are less likely to face legal or financial penalties for unethical behavior.

On the other hand, ethical absolutism and ethical relativism are two theories that help to explain the perspective of ethics.

Ethical absolutism is the belief that there are certain moral rules that are universally and always right or wrong, regardless of the situation or the person's culture. For example, an ethical absolutist would say that it is always wrong to lie, cheat, or steal. This theory holds that there is an objective, universal standard of morality that applies to everyone.

On the other hand, Ethical relativism holds that morality is relative to the individual or the culture, and what is considered right or wrong can vary from person to person or culture to culture. The ethical relativist would argue that lying, cheating, or stealing could be morally acceptable in certain situations or cultures. For example, a relativist would say that something that is considered right in one culture may not be right in another culture.

In conclusion, businesses and organizations are increasingly recognizing the importance of ethics, both from a moral and a business perspective. Ethical absolutism and ethical relativism are theories that help to explain different perspectives on ethics, with the former holding that there are objective moral standards that apply to everyone and the latter believing that morality is relative to individual or culture.

After each of the following statements, circle T for a true statement or F for a false statement.

1. Financial institutions usually do not charge a fee for checking
account services.

2. Most financial institutions offer online and telephone banking services.
3. Electronic funds transfer (EFT) often involves the use of ATM machines.
4. It is important to reconcile your checkbook immediately when you
receive the bank statement.

5. When a check you have issued has been lost or stolen, you should
request a stop payment order.

6. To open an account, either checking or savings, you first must fill
out and sign a signature form.

7. When a minimum balance is not maintained in a checking account,
the bank will usually waive a service charge.
8. A debit card is the same as a credit card.

9. A money market account is an interest-bearing checking account that
pays a higher rate of interest.

10. With online banking, you can make deposits and withdrawals.

Answers

Personal finance is indeed the financial planning that a person or a family unit uses to set a budget, save money, and spend it.

What is a Personal Finance?

The answers for the given questions are:

False: The majority of the time, financial institutions don't charge for checking account services.True: The majority of financial organisations provide telephone and internet banking services.True: A common method of electronic money transfer (EFT) is to utilise an ATM.True: When you get your bank statement, it's crucial to promptly reconcile your chequebook.True: You must ask for a stop demand draft if a check you wrote has been misplaced or stolen.True: You must first complete and sign a signing form in order to create an account, either a checking or a savings one.False: The bank will often not impose a service fee if a checking account's budget range is not met.False: A debit card functions exactly like a credit card.True: An attention checking account that pays a greater rate of interest is known as a money market account.True: You may make withdrawals and deposits using internet banking.

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what is federal housing administration?

Answers

The Federal Housing Administration (FHA) is a U.S. government agency that provides mortgage insurance on mortgages made by FHA-approved lenders. The FHA was created in 1934 as part of the National Housing Act, and its purpose is to provide mortgage insurance on loans made by private lenders for the purchase of homes. This insurance helps to protect the lender against loss if the borrower defaults on the loan, and it allows borrowers who might not otherwise qualify for a conventional mortgage to purchase a home. The FHA does not actually make loans, but instead it insures mortgages made by private lenders, meaning that if the borrower defaults on the loan, the FHA will pay the lender.

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Which of the following products is most likely to create a negative externality when you use it?

Answers

The products that  is most likely to create a negative externality when you use it is: (D) A person travelling using a commercial airline.

What is  negative externality?

Negative externality can be defined as the way in which engaging  in a transaction tend to have negative effect  or cause harm to a third party

A person travelling using a commercial airline is considered a negative externality  due to the negative impact the consumption of the goods have on the third party.

Therefore we can conclude that the correct option is D.

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The complete question is:

Which of the following is most likely to create a negative externality?

(A) A person subscribing to cable television service.

(B) UPS switching to electric delivery trucks.

(C) You attending Western Washington University.

(D) A person travelling using a commercial airline.

(E) A person eating pizza.


What is the term for selling related products?

Answers

Answer:

cross-sell..........

Completing market research and determining a target market is part of this section of the marketing plan.
O market analysis
O competitive analysis
O marketing strategies
Ostatement of objectives

Answers

Option A is correct regarding marketing plan.

What is market analysis?

An in-depth analysis of the target market and competitive environment for your company within a given sector is known as a "market." The success you can anticipate when you launch your brand and its products to customers in the market can be projected using this study. Market analysis takes into account both qualitative and quantitative information, such as consumer values, wishes, and purchasing motivations. Quantitative information includes the size of the market you want to target as well as the pricing and revenue estimates that consumers are ready to pay.

What is market research?

In order to effectively advertise products to a specific market, market research is the process of acquiring knowledge about that market, including its customers' wants and behaviors.

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What is the Average property taxes in Elmont, NY? Thoughts on this amount? Do you think it is worth that amount? Why or why not?

Answers

The Average property taxes rate in Elmont, New York is 2.420% which amount to about average property taxes of $12,100 annually. The amount is worth it because it is most likely a uniform rate across the state..

What are property taxes in U.S.?

Millions of homeowners pay property taxes each year. Property taxes are levied by cities, counties, and school districts on properties within their jurisdictions and used to fund services.

Property taxes are calculated based on the property's value. This includes the land as well as the structures on it. Typically, tax assessors will value the property every one to five years and charge the owner of record the appropriate rate based on the taxing authority's standards.

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A simple interest calculation provides a useful estimate of what compound interest will be if________. a. the dollar amount is small, b. the dollar amount is large, c. the term is long, d. the term is short
Answer c. the term is long is the wrong answer

Answers

A simple interest calculation provides a useful estimate of what compound interest will be if the term is short (option d).

What is simple interest and compound interest?

Simple interest is when the amount invested grows at a linear rate. When an amount earns a compound interest, the amount invested grows at an exponential rate. Thus, an account that earns a compound interest grows at a faster rate than an account that earns a simple interest.

The formula that can be used to determine the future value of an account when there is a simple interest is:

Future value = amount invested + interest earned

Interest earned = amount invested x time x interest rate

The formula that can be used to determine the future value of an account when there is a compound interest is:

FV = P(1 + r)^n

Where:

P = amount invested r = interest rate n = number of years

It is only in the first year that an account that earns a simple interest and an account that earns a compound interest would have the same value.

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Other Questions
The volume of a sphere is given by the equation V = 1/6(square root of 3.14) x 60^3/2where S is the surface area of the sphere. Find the volume of a water walking ball, to the nearest cubic meter OA. It confirms the idea that American Indians wanted to remain onthe land their ancestors owned.OB. It shows how conflicting religious beliefs lead to friction betweencultures.OC. It gives readers a personal glimpse at what can go wrong whenanimals are hunted to the point of extinction.D. It supports the American Indian perspective that land was to beused but not owned.SUBMITK 2x-(x+5)=-1Solve for x. Bakit gusto mo maging isang artist? 10 sentence po hehe thanks Color blindness is a recessive X-linked trait in humans. In a family where the mother is color-blind and the father is normal, the probability of their having a color-blind son is How can perfection be attained on sync? A function multiplies its input by 3/4 then adds 7 to get its output. Use function notation to represent this function. f(x)=_____ A cylinder shaped dispenser holds 5,652 cubic centimeters of liquid soap and is now full. The radius of the dispenser is 7.5 centimeters. What is the difference between the height of the soap in the full dispenser and the height when 4,239 cubic centimeters of soap remains in the dispenser If 3x+14=26, which of these equations is true? where were the first ancient settlement in India located What i the cartoonit' purpoe in thi cartoon?to convince people that fungal band are dangerou for beetleto convince people that beetle are damaging to treeto make people laugh at a play on wordto make people believe that longhorn beetle hate fungi A band wants to enter a contest that requires traveling expenses. They need at least $1,150 to cover all of the expenses. They have already saved $700. They are selling shirts with a profit of $7. 00 per shirt to earn the remaining money Part Which inequality represents the minimum number of shirts, n, the band must sell to earn the remaining money 1, 150 What should be the value of a if the value of 2x^2 XA equals to 5 when? What was the meaning behind the nickname "The Powder Keg of Europe"?It was where Europeans stored their gunpowder barrels/kegs.It was the largest producer of gunpowder in Europe.It was a volatile area of Europe because of ethnic tensions.Due to a volcano, it was capable of exploding. What is special about thangka painting? Mr and Mrs Sen answer Eliot's mother's questions, explaining and telling her stories. Rather than engage, his mother writes notes on a pad. Why do you think this is What is the relationship of brown girl dreaming and her older sister Is .com a reliable source? I need some help again:(. My question says "complete the statement with the correct exponent" it shows 5 (blank) = 125 I know that whenever I have a two it's 5 squared but I don't know how to actually find the exponent without it showing 5 x 5 x 5 ( and so on,not what it actually showed just an example ) Neville buys a triangular box with three chocolate cauldrons. The box is an equilateral triangle with three circles with a radius of 6 inches inscribed inside it. What is the perimeter of the triangle?