Identify any five different forms of companies which may be formed in the Sultanate of Oman. Explain the role of the Muscat Securities Market in the business sector.

the year. 6. The Nizwa City budget calls for property tax revenues for the fiscal year ending December 31, 2019, of OMR 2,560,000. The records indicate that, on average, 5 percent of taxes levied are not collected. The tax assessor has assessed the value of taxable property located in the City at OMR 135,714,300. Required: a. Calculate to the nearest baiza what tax rate per OMR 100 of assessed valuation is required to generate a tax levy that will produce the required amount of revenue for (1 mark) b. Record the tax levy for 2019 in the General Fund. (Ignore subsidiary detail and entries at the government- wide level.) (1 mark) c. By December 31, 2019, OMR 2,500,000 of the current property tax levy had been collected. Record the amounts collected and reclassify the uncollected amount as delinquent. Interest and penalties of 5 percent were immediately due on the delinquent taxes, but the finance director estimates that 10 percent will not be collectible. Record the interest and penalties receivable. (Round all amounts to the nearest Omani Rial)