According to the Census Bureau, in October 2019, the average house price in the United States was $368,600. In October 2000, the average price was $197,700. What was the annual increase in the price of the average house sold? (Do not round intermediate calculations and enter your answer as a percent rounded answer to 2 decimal places, e.g., 32.16.) Annual increase in selling price

Q: Assume that in 2018, a copper penny struck at the Philadelphia mint in 1794 was sold for $330,000.…

A: Rate of return is an expected profit on an investment by an investor. It is a rate at which investor…

Q: In April 2018, the China-US exchange rate was 6.37 C/Y.  In October, it was 6.93 C/Y. What is the…

A: In April, $1 = 6.37 CNY (Spot Rate) In Oct $1 = 6.93 CNY (Forward Rate) Therefore, change in percent…

Q: Use the 2016 marginal tax rates to compute the income tax owed by the following person. Unmarried…

A: Itemized deduction includes state taxes of $ 3480 and $ 1000 theft losses. However the standard…

Q: According to the Census Bureau, in October 2016, the average house price in the United States was…

A: fv=  $27,058 pv=$22,008 n=7

Q: An importer-trader had the following data in month. VAT not included: Landed cost on an importation…

A: Vat is the value added tax which is payable on those goods also which has been imported by the…

Q: How much is the business tax payable for the October?

A: Vat payable is the amount of tax which a business have to pay to the government which has been…

Q: In 2,009, the average price of a certain industrial material was SR 15.29 per liter. Suppose the…

A: Solution:- Inflation means the increase in prices of a commodity over a period of time.

Q: Use the 2016 marginal tax rates to compute the income tax owed by the following person. Single male,…

A: Income tax owed is the value which is computed after applying the tax rate on the taxable income.…

Q: Vat Payable in January is? * Given the following date during the 1st quarter of 2022: Output Tax…

A: Vat payable is the amount of output tax collected payable to the taxation authority after setting…

Q: A small business receives an invoice for $1675 on January 5, 2022 and the payment terms are 5/14,…

A: Payment terms 5/14, 2/21, n/60 means that 5% discount will be allowed if payment is being made in 14…

Q: Calculate Net Income Before Taxes and then record income taxes as 35% of this number (use the…

A: Formula: Net income = Total Revenues - Total Expenses.

Q: The inflation rates in the U.S. economy for 2012 through 2015 are 1.7%, 1.5%, 0.7%, and 0.8%,…

A: Inflation refers to persistent rise in general price level in economy. Due to inflation, value of…

Q: Compute the effective income tax rate for 2020. (Round answer to 2 decimal places, eg 25.51%.)…

A: Effective Tax Rate  = Tax liability / Financial Income Tax Liability  = Taxabe Income * Tax rate

Q: The first U.S. congress in 1789 set the president’s salary at $25,000 per year. In 2014, the…

A: Formula: i=FP1N-1

Q: Use the following information for Problems 30 and 31. On March 15, Calloway, Inc., paid property…

A: Journal: Recording of a business transactions in a chronological order.

Q: Assume that in 2018, a copper penny struck at the Philadelphia mint in 1795 was sold for $435,000.…

A: Rate Of Return  Selling Price in 2018 = 435,000 Penny's Value in 1795 = 0.01 Time Period = 223 years…

Q: The Omani trade company manager put a plan to increase the days' sales outstanding in (2021) by…

A: Days sales outstanding = (Accounts Receivable / Sales) *365

Q: How much is the VAT Payable in June? Given the following data during the 2nd quarter of 2022 Month…

A: VAT means the value added tax which is levied on sale and purchase . Vat paid on purchases is booked…

Q: A state decided to increase its sales tax from 6.25% in 2010 to 6.5% in 2011. If the total value of…

A: 2010: Sale tax = Revenue * Sale tax rate Sale tax = $4,000,000 * 6.25% Sale tax = $250,000

Q: If Cleveland Motors Had an EBIT of $22,858,800, Interest of $7,394,600 and is taxed at an average…

A: Given: EBIT is $22, 858,800 Interest is $7, 394,600 Tax 32%

Q: he following is the 2021 January income statement that Jason prepares for his fashion retail shop…

A: The following calculations are done for Jason’s fashion retail store.

Q: es to private 1,680,000 90,00 tities

A: VAT is Value Added Tax charged in the Phillipines @ 12% rate on…

Q: In December 2018 the government of Pakistan officially changed the value of the Pakistan Rupee from…

A: Depreciation- It refers to the decrease in the value of domestic currency in relation to a foreign…

Q: What is National Co.'s net operating profit after taxes (NOPAT) for 2022?

A: EBIT in 2022 = Php 450 million Tax rate (T) = 40%

Q: Thomas Company had the following information related to September 2020: 1) Depreciation on the…

A: Calculation for item 3      Payroll covering wages earned during the last week of September and…

Q: ross income from the practice of profession, P1,590,000 Gross income from business, P3,500,000…

A: The gross income is the amount of income from all possible sources of income after deduction of…

Q: Assume that in 2018, a copper penny struck at the Philadelphia mint in 1796 was sold for $495,000.…

A: Yield to maturity can be calculated by following function in excel =RATE (nper, pmt, pv, [fv],…

Q: The following table shows the UK consumer prices index for the years 2013-16 based on 2014=100. Year…

A: CPI in 2014 = 100.00 CPI in 2013 = 87.50

Q: In 2019, Americans spent on average $166 on Valentine's Day which is an increase of 18% from the…

A: To find out expenditure on valentine day in prior period, we need the following equation Expenditure…

Q: Suppose the U.S. foreign assets are 73 percent of the U.S. GDP, and the U.S. foreign liabilities are…

A: Foreign Assets = 73% of US GDP Foreign Liabilities = 95% of US GDP Foreign Assets Denominated in…

Q: What is the average tax rate paid by a single person with a$60,000 adjusted gross income for 2015?

A: Adjusted Gross Income is the term used in the calculation of gross income for all taxable sources…

Q: Thomas Company had the following information related to September 2020: 1) Depreciation on the…

A: 1. Wages for September month Net Payroll  = 144,000 Salary related to september month only = 144,000…

Q: In 2015, president Donald Trump made the statement "it has not been easy for me. I started off in…

A: Consumer price index (CPI) provides relative numbers that are used to assess the purchasing power of…

Q: New Hampshire ranks as the #1 most expensive state for property taxes. The median 2017 property tax…

A: Tax is a liability of every individual to pay tax to the government on the basis of their taxable…

Q: Which of the following would not count as part of US GDP in 2019         A. Paul paid rent of…

A: The GDP stands for the Gross Domestic Product. The Us GDP means the value of the goods and the…

Q: Ignoring income taxes, what is the total effect of the errors on 2022 net income? ( Leave the…

A: Net Income- Net income is the balance left over after subtracting a company's cost of goods sold and…

Q: Thomas Company had the following information related to September 2020: 1) Depreciation on the…

A: Operating income represents the income earned by the company from the operations of the company.

Q: In October 2014, the Malaysian Ringgit (MYR) was trading at MYR3.30 per US Dollar (USD). If the…

A: Given information : Exchange rate in 2014 = MYR 3.30 Per USD Current exchange rate = MYR 4.20 Per…

Q: The Korean manufacturing output per hour index is given for years 2014–2018 as follows: a. For each…

A: Inflation is the decrease in a given currency's buying power over time. Quantitative estimation of…

Q: How much is the VAT Payable in May? Given the following data during the 2nd quarter of 2022 Month…

A: VAT or Value added tax is an Indirect tax which is imposed on Goods and Services. Net VAT payable is…

Q: From the data: May 2 - On sale to the public               Purchase price, VAT not included…

A: Value Added Tax: It is a type of sales tax that is charged by  Government on the sale of services…

Q: Use the 2016 marginal tax rates to compute the income tax owed by the following person. Single male,…

A: Computation:

Q: Suppose it is January 1, 1994, and the Deutsche mark revalues from $0.31 at the beginning of the…

A: Nominal = % real + ( Foreign inflation rate - Domestic inflation rate )

Q: New Hampshire ranks as the #1 most expensive state for property taxes. The median 2017 property tax…

A: Property tax per $100 is $5.74. Now, compute the property tax per $1 assessed value: Property tax…

Q: Assume that in 2018, a copper penny struck at the Philadelphia mint in 1796 was sold for $495,000.…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

Q: In decimal notation, the average amount of taxes paid is % of the total amount of money taken in. In…

A: The taxes are collected by the government for the multiple services provided by it to the public…

Q: From 1992 to​ 1995, a certain country experienced a yearly inflation rate of 293​%. Determine the…

A: Inflation rate = 293% = 2.93 Price of meal = $2.81 time period = 7 years

Factors Affecting Housing Decision