If the market value of a property is $184,500 and the assessment ratio is 35 percent, what are the monthly taxes if the tax rate is 30 mills?
A) $1,937.25
B) $179.37
C) $161.44
D) $1,614.38
Answer: C) $161.44
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An Auditor's client is a nonprofit organization. U.S. GAAP for this type of non-profit organization have been clearly defined in the client has followed such practices. the preferred method of reporting on the client adherence to such practices is to
a. Use the phrase "In accordance with accounting principles generally accepted in the United States of America" in the opinion paragraph b. Use the phrase "In conformity with generally accepted accounting practices for a nonprofit organization in the... field" in the opinion paragraph c. Describe the accounting practices and a separate paragraph with appropriate reference thereto in the opinion paragraph d. Make no reference because accounting practices different for each nonprofit organization
Multiple regression is used when the forecaster believes that more than one independent variable should be used to predict the variable of interest
Indicate whether the statement is true or false.