What property tax rate should Freetown have if it has a homestead exemption of $20,000.
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P 13
Freetown has an annual budget of $110 million. The town council expects revenue from sales taxes, speeding tickets, and license fees to be $60 million. The town has the following property (with aggregate values in parentheses): religious buildings ($20 million) apartment complexes ($65 million), shopping centers ($85 million), industrial warehouses ($50 million), public schools ($15 million), and office buildings ($195 million). In addition, the town has 1,500 homes valued at $100,000 each. What property tax rate should Freetown have if it has a homestead exemption of $20,000.
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- Problem #2. The budget planners for Mountain View have determined that $3,224,000 will be needed to provide government services for next year. The total assessed property value in Mountain View is $74,200,000. As the tax assessor, you have been asked by the city council to determine what tax rate will need to be imposed to meet these budgetary demands. Express your answer in each of the four ways: (a) percent; (b) tax rate per $100; (c) tax rate per $1,000; (d) mills.Budget planners for a certain community have determined that $6,391,000 will be required to provide all government services next year. The total assessed property value in the community is $110,000,000. What tax rate is required to meet the budgetary demands? (Express your answer as a tax rate per $100 to two decimal places rounded up.) ______Budget planners for a certain community have determined that $9,235,400 will be required to provide all government services next year. The total assessed property value in the community is $122,500,000. What tax rate is required to meet the budgetary demands? (Express your answer as a tax rate per $100 and round to the nearest hundredth)
- An investment center in Shellforth Corporation was asked to identify three proposals for its capital budget. Details of those proposals are as follows. Capital Budget Proposals Capital required Annual operating return $ 96,000 $ 60,000 20,400 $ 180,000 16,200 24,960 Shellforth uses residual income to evaluate all capital budgeting projects. Its minimum required return is 10 percent. a-1. Assume you are the investment center manager. Calculate the residual income for each project? a-2. Which project do you prefer? b-1. Assume your investment center's current ROI is 18 percent and that the president of Shellforth is thinking about using ROI for the investment center's evaluation. Calculate the ROI for each project? b-2. Would your preferences for the projects listed change? Complete this question by entering your answers in the tabs below. Reg A1 Req A2 Req B1 Req B2 Assume you are the investment center manager. Calculate the residual income for each project? Project A Project B Project…Star City is considering an investment in the community center that is expected to return the following cash flows: Use Exhibit A.8. Year Net Cash Flow 1234in 5 $ 28,000 58,000 88,000 88,000 108,000 This schedule includes all cash inflows from the project, which will also require an immediate $208,000 cash outlay. The city is tax-exempt; therefore, taxes need not be considered. Required: a. What is the net present value of the project if the appropriate discount rate is 22 percent? (Round PV factor to 3 decimal places. Negative amount should be indicated by a minus sign.) Net present valuePlease show the solution on excel spreadsheet and please indicate the formulas used. Thank you.
- The university system in the State of Florida consists of the 10 universities listed in the table. In a recent year, the general budget allocation for the system amounted to more than 2 billion dollars: $2,001,102,854. University Headcount FTE University of Florida 41,387 29,673 Florida State University 30,999 21,263 Florida A&M University 11,519 8,049 University of South Florida 31,127 18,477 Florida Atlantic University 19,552 10,769 University of West Florida 7845 4758 University of Central Florida 30,002 18,489 Florida International University 30,092 17,179 University of North Florida 11,220 6562 Florida Gulf Coast University 2558 1914 Subtotal E & G 216,301 137,133 (a) If the state decides to apportion the money equally among the 10 universities, how much will each university get? Answer to the nearest dollar.$ (b) How much money will each student be allocated if the money is apportioned equally among all the students? Answer to the…Problems. Problem 1. A division in a large company has been allocated $160 million for capital projects this year. Managers have proposed five projects for the budgeting committee to consider. The committee would like to maximize the total NPV. What projects should be selected? • There is one project of each type, each project has an estimated NPV (net present value, a measurement of profit) and each requires a capital expenditure (this comes out of the budget above). • At least 2 projects must be done. • If Project 5 is chosen, Project 1 must be done as well. Project 1 Project 2 Project 3 Project 4 Project 5 NPV (in millions of $) 10 17 16 8 14 Expenditure (millions of $) 48 96 80 32 64 a. What are your decision variables (x)? State the units for each. b. Write down your objective function (include min/max with the equation) and constraints below, include descriptions/explanations/calculations on the right. Delete/add rows as needed. (objective function above, constraints below)"Management Decision Analysis" 1. Discounted cash flow and budget cut analysis for a long lasting institute. A famous university was planning to prepare a ten-year continuous expenditure as a necessary investment for the renovation of the faculty buildings, i.e., 800 million Yuan per year in the next ten years are required for an extra expenditure beside all other needs of operations of the university. The project committee were considering a budget cut from the "current" annual budget of 7 billion per year. What could be an adequate rate of budget cut that you should want to suggest? Discuss about the influence of the interest rate used in the computation. Requirement: Write a VBA function "AnnuityFactor" to compute annuity factor to be used in the analysis, for skill enhancement
- evis Group, a consumer electronics conglomerate, is reviewing its annual budget in wireless technology. It is considering investments in three different technologies to develop wireless communication devices. Consider the following cash flows of the three independent projects. Assume the discount rate is 10 percent. Further, the company has only $18 million to invest in new projects this year. Cash Flows (in millions) Year L6 G5 Wi-Fi 0 −$ 6.0 −$ 12 −$ 18 1 9.0 10 16 2 5.5 25 30 3 3.5 18 18 Calculate the profitability index for each investment. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Calculate the NPV for each investment. Note: Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.2. Hanmi Group, a consumer electronics conglomerate, is reviewing its annual budget in wireless technology. It is considering Investments in three different technologies to develop wireless communication devices. Consider the following cash flows of the three Independent projects available to the company. Assume the discount rate for all projects is 10 percent. Further, the company has only $22 million to invest in new projects this year, Cash Flows (in $ millions) Year CDMA G4 Wi-Fi 0 7 15 $ $15 1 2 3 a. CDMA G4 Wi-Fi b. CDMA a. Calculate the profitability Index for each Investment. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the NPV for each investment. (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89) G4 Wi-Fi Year 0 1 2 3 12 9.5 4.5 12 26 22 Project Alpha -$6,300 $22 19 Show Transcribed Text 3,200 3.100 1,900 35 22 Project Alpha…I need help with parts a-d
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