The city of Clement levies a 5 percent tax on the base price of rooms provided by hotels and motels located within the city limits. This year, the aggregate room price subject to tax was $34 million, so current year revenue was $1.70 million. Clement’s city council recently voted to increase the hotel tax rate to 6 percent for the next fiscal year. Compute next year’s hotel tax revenue assuming next year’s tax base equals the current year base. Compute next year’s hotel tax revenue assuming next year’s tax base decreases to $30 million. Compute next year’s hotel tax revenue assuming next year’s tax base decreases to $27 million.

Upper a report about the decline of western investment in third world countries included this: "after years of daily flights comma several european airlines halted passenger service. foreign investment fell 400 percent during the 1990 s." what is wrong with this statement? choose the correct answer below. a. if foreign investment fell by 100 % comma it would be totally eliminated comma so it is not possible for it to fall by more than 100 %. b. the actual amount of the decrease in foreign investment is less than 100%. c. if foreign investment fell by 100%, it would be cut in half. thus, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible. d. the statement does not mention the initial amount of foreign investment.