Corporate tax is a direct tax charged by the government on the profits made by companies or firms operating in the country.
The taxation of a company's income is regulated by national tax laws.
Corporate tax is frequently used as a means of raising income for government programs and services, including infrastructure, healthcare, and education.
A flat tax rate is a tax system in which everyone pays the same percentage of their income.
For example, if the flat tax rate is 21%, someone who makes $50,000 per year would pay $10,000 in taxes, while someone who makes $100,000 would pay $20,000 in taxes.
This differs from a progressive tax rate schedule, in which those who earn more pay a higher percentage of their income in taxes.
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he just finalized an arrangement where he will operate one of his stores next to the floral department of a local grocery store. he will pay rent for the space and will be responsible for all aspects of his business. what is this type of arrangement called?
he just finalized an arrangement where he will operate one of his stores next to the floral department of a local grocery store. he will pay rent for the space and will be responsible for all aspects of his business. This type of arrangement is called a leased department.
commercial enterprise refers to an enterprising entity or agency that carries out professional activities. They may be business, commercial, or others. For-income enterprise entities do enterprise to earn an income, whilst non-earnings ones do it for a charitable mission. Many agencies are operated through a separate entity such as an employer or a partnership (both formed without or with limited liability). maximum prison jurisdictions permit people to arrange such an entity by submitting certain constitution files with the applicable Secretary of state or equivalent and complying with positive other ongoing duties.
The relationships and felony rights of shareholders, restrained companions, or members are ruled partly with the aid of the constitutional documents and partly by means of the law of the jurisdiction where the entity is prepared. If the business acquires debts, the lenders can pass after the owner's non-public possessions. A business shape does not allow for corporate tax quotes. The proprietor is personally taxed on all profits from the enterprise.
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Explain the main Features of AS-20 ?
Answer:
As per AS 20, when bonus shares are issued during the year, it should be calculated in the weighted average from the beginning of reporting period irrespective of the issue date. Therefore, the bonus issue is treated as if it had occurred prior to the beginning of the year 2010, the earliest period reported
Explanation:
hope this helps
Assessment
71
Companies already on the stock market get to choose the price of their stocks.
True
False
Answer:
false cause people they alr on the stock market
4. For what purposes might a worker need to fill out a Form 4070A?
Answer:
Employees use Form 4070A to keep track of the tips they receive from customers and report the total to their employer each month. Workers should also record the total amount of tips they paid to other employees and the names of employees to whom the tips were paid.
On January 2, 2015, Riverbed Corporation issued $1,050,000 of 10% bonds at 97 due December 31, 2024. Interest on the bonds is payable annually each December 31. The discount on the bonds is also being amortized on a straight-line basis over the 10 years. (Straight-line is not materially different in effect from the preferable "interest method.")
The bonds are callable at 102 (i.e., at 102% of face amount), and on January 2, 2020, Riverbed called $630,000 face amount of the bonds and redeemed them.
Ignoring income taxes, compute the amount of loss, if any, to be recognized by Riverbed as a result of retiring the $630,000 of bonds in 2020
The amount of loss to be recognized by Riverbed Corporation as a result of retiring the $630,000 of bonds in 2020 is $118,260.
Given: On January 2, 2015, Riverbed Corporation issued $1,050,000 of 10% bonds at 97 due December 31, 2024. Interest on the bonds is payable annually each December 31. The discount on the bonds is also being amortized on a straight-line basis over the 10 years. The bonds are callable at 102 (i.e., at 102% of face amount), and on January 2, 2020, Riverbed called $630,000 face amount of the bonds and redeemed them.Redeeming Bonds: When a bond is redeemed before its maturity, there could be a loss or a gain recognized by the issuer. The difference between the carrying value of the bond and the amount paid to redeem the bond is recognized as a loss or a gain in the income statement of the issuer.The amount to be paid for the redemption of bonds = $630,000 x 102% = $643,260When the bonds are redeemed before maturity, the issuer will realize a loss when the amount paid to retire the bonds is greater than the carrying value of the bonds to be retired.The carrying value of the bonds to be retired on January 2, 2020 = Face value - Amortization of discount on bonds = $630,000 - ($105,000 / 10) x 5 = $525,000 ($105,000 is the total amount of discount on bonds to be amortized over 10 years).
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based on behavioral characteristics 80% of sales come from 20% of customers.
True
False
Answer:
true
Explanation:
Which of the following is a section found in most business plans?
A. Crowdfunding
B. Bank account information
C. Legal requirements
D. Target market
Answer:
D. Target market
Explanation:
Enjoy the response
Out of the choices provided above, the legal requirements and target market are the sections generally found in most of the business plans. Therefore, the options C and D hold true.
What is the significance of a business plan?A business plan can be referred to or considered as a plan that is a part of the functions of management of the business process throughout their entirety of operations. Planning is the first and foremost step in business operation.
A business plan includes the key elements that revolve around the operations to be carried out by a business organization. The legal requirements and target market are taken into consideration while making a business plan.
Therefore, the options C and D hold true and state regarding the significance of business plan.
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Explain south africa's reaction to the recommendations given by the who
Answer:
WHO guidelines
The development of global guidelines ensuring the appropriate use of evidence represents one of the core functions of WHO.
A WHO guideline is defined broadly as any information product developed by WHO that contains recommendations for clinical practice or public health policy. Recommendations are statements designed to help end-users make informed decisions on whether, when and how to undertake specific actions such as clinical interventions, diagnostic tests or public health measures, with the aim of achieving the best possible individual or collective health outcomes.
The Guidelines Review Committee ensure that WHO guidelines are of a high methodological quality and are developed through a transparent, evidence-based decision-making process. Guidelines are subject to a rigorous quality assurance process that helps to ensure that each and every published guideline is trustworthy, impactful and meets the highest international standards.
Explanation:
WHO guidelines
The development of global guidelines ensuring the appropriate use of evidence represents one of the core functions of WHO.
A WHO guideline is defined broadly as any information product developed by WHO that contains recommendations for clinical practice or public health policy. Recommendations are statements designed to help end-users make informed decisions on whether, when and how to undertake specific actions such as clinical interventions, diagnostic tests or public health measures, with the aim of achieving the best possible individual or collective health outcomes.
The Guidelines Review Committee ensure that WHO guidelines are of a high methodological quality and are developed through a transparent, evidence-based decision-making process. Guidelines are subject to a rigorous quality assurance process that helps to ensure that each and every published guideline is trustworthy, impactful and meets the highest international standards.
A cash flow statement can help you develop and determine budget categories.
a. True
O b. False
2. What size of businesses (Small, Medium, Large Enterprises) usually uses Manual Systems, Computer Transaction Systems or, Database systems? Explain their reasons
Due to limited financial resources, a small staff, and a lack of technical expertise, small enterprises frequently use manual systems, such as paper-based record keeping and manual data entry.
For specialized tasks like sales, inventory management, and financial reporting, medium-sized enterprises may employ computerized transaction systems, such as point-of-sale (POS) systems.
Database systems, which are computerized systems made to manage and store massive volumes of data, are typically used by major businesses. Multiple users and applications can be supported by these systems, which also offer better data access and analysis capabilities as well as cutting-edge security and backup features.
In conclusion, the size, complexity, and resources of the firm will determine whether manual, computerized transaction, or database solutions are best.
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Structures the internal acStructures the internal accounting operations of an organisation within Controlling.Counting operations of an organisation within Controlling.
Answer:
Controlling area.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Typically, it's a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.
In Accounting, Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
Sap FICO is a finance and cost controlling module that avails a business firm or organization the ability to store all of their external and internal financial transaction data at the end of the trading period.
Controlling area structures the internal accounting operations of an organisation within "Controlling." Thus, it manages profits and costs of an organization which are necessary to provide informations to the management for proper decision-making and effective control of its resources.
assume that households have positive wealth. which of the following explains how the income effect of an interest rate increase affects consumption?
The income effect of an interest rate increase affects consumption: As the interest rate increases, nonlabour income increases and current consumption increases.
What is interest rate?Interest rate is the cost of borrowing money or the rate of return earned by an investor. It is typically expressed as a percentage of the principal amount borrowed or invested over a certain period of time. Interest rates are determined by a variety of factors, such as the risk associated with the loan, the borrower's credit rating, the type of loan and the amount of money being borrowed. Generally, the higher the risk associated with lending the money, the higher the interest rate. Interest rates can vary from one lender to another, so it is important to shop around to find the best deal.
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Complete Question:
Assume that households have positive wealth.
Which of the following explains how the income effect of an interest rate increase affects consumption?
As the interest rate increases, nonlabour income increases and current consumption increases.
As the interest rate increases, the opportunity cost of current consumption falls, and therefore current consumption increases.
As the interest rate increases, permanent income increases and future consumption increases.
As the interest rate increases, expected future income increases and future consumption increases.
HELP PLEASE
Companies create a division of labor among employees in order to:
O A. reduce the opportunity cost for hiring new employees.
O B. make it easier to shift employees between different jobs.
O C. allow each employee to perform one task at a high level.
O D. gain access to more human and physical capital.
Answer:
D
Explanation:
companies do this so everyone is more proficient with their bodies and their work
capital tends to flow from high-growth to low-growth economies. true false b. government budget deficits can lead to greater capital outflows. true false c. the loanable funds model helps us understand net capital flows. true false d. differences in interest rates are the only reason for two-way capital flows. true false e. capital flows can occur because people are looking to spread their exposure to risk. true false f. capital flows can occur as part of a company business strategy. true false g. a country facing net capital inflows will run an equivalent current account surplus. true false h. capital flows tend to cause a divergence of interest rates across countries.
It is FALSE to claim that capital "tends to move from high-growth to low-growth economies."
What is capital?Liquid assets are regularly mentioned by capitalists. In other words, it's cash that you actually have in your possession and may spend on either immediate or long-term goals. In the field of finance, "economic capital" refers to the amount of risk capital that a business requires to cover the risks it is assuming or accumulating as a going concern, such as market risk, credit risk, legal risk, and operational risk.This definition focuses on financial services companies.The phrase "unexpected loss at the confidence level" is occasionally used to describe it.From high-growth to low-growth economies, capital rarely moves.As a result, it is FALSE to say that "money tends to move from high-growth to low-growth economies."
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Correct question:
Capital tends to flow from high-growth to low-growth economies.
true / false
5. A number with the addition of itself becomes 38. What
is the number?
Answer:
19+19=38
...........................
What two things should be included when summarizing?
1.Numbers
2.Main idea
3.Key points
4.Names
Personal Finance: what are some consumer protections available? how can individuals protect themselves?
There are several consumer protections available to individuals when it comes to personal finance.
What is the most popular act?The most notable of these protections is the Truth in Lending Act, which requires lenders to disclose the terms of a loan, including the interest rate, fees, and payment schedule.
Additionally, the Fair Credit Reporting Act ensures that credit bureaus maintain accurate information and allows individuals to dispute any errors on their credit report.
To protect themselves, individuals should regularly monitor their credit report, review all loan and credit card agreements carefully, and be cautious when providing personal and financial information online or over the phone. It is also important to only work with reputable lenders and financial institutions.
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do you have resources that will help you meet your needs
Answer:
yes
Explanation:
yes
Friday night is a good time to bring in the comments about me being tested for you and your team to make me want you and your team
How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
Answer:
7 years (to the nearest year)
Explanation:
Given that;
A = amount
P= principal
t = time
r = rate
A =3P(given in the question)
Formula for compound interest;
A = P(1 + r)^t
Substituting values;
3P = P(1 + 18/100)^t
3P/P= (1.18)^t
3 = (1.18)^t
log 3 = t log 1.18
t = log 3/log 1.18
t = 0.4771/0.0719
t = 6.6 years
t = 7 years (to the nearest year)
1. The earnings per share is (A) $3.00 (B) $14.70 (C) $6.80 (D) 8.1%
2. The debt ratio is (A) 26.3% (B) 14.3% (C) 7.00 (D) 17.0%
3. The current ratio is (A) $70,000.00 (B) 0.74 (C) 54.3% (D) 3.80
4. The dividend yield is (A) 5.00% (B) 0.03% (C) 20.00% (D) 10.00%
5. The gross margin is (A) 42.9% (B) 9.5% (C) 52.4% (D) 54.3%
6. The price-earnings ratio is (A) 8.8 (B) 17.6 (C) 5.0% (D) 11.3%
7. The operating margin is (A) 19.0% (B) 42.9% (C) 54.3% (D) 9.5%
8. The working capital is (A) $95,000.00 (B) $70,000.00 (C) $120,000.00 (D) 26.3%
9. The operating expense ratio is (A) 54.3% (B) 47.6% (C) 42.9% (D) 9.5%
10. The gross profit margin is (A) 52.4% (B) 54.3% (C) 47.6% (D) 42.9%
11. The quick ratio is (A) 0.4 (B) 1.5 (C) 0.2 (D) 2.5
The earnings per share is (C) $6.80
2. The debt ratio is (B) 14.3%
3. The current ratio is (D) 3.80
How to explain the shares4. The dividend yield is (A) 5.00%
5. The gross margin is (C) 52.4%
6. The price-earnings ratio is (A) 8.8
7. The operating margin is (D) 9.5%
8. The working capital is (B) $70,000.00
9. The operating expense ratio is C 42.9%
10. The gross profit margin is (A) 52.4%
11. The quick ratio is (B) 1.5
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Business Plan Development
How can we properly engage an Indigenous worldview that assesses
wealth differently?
Properly engaging an Indigenous worldview that assesses wealth differently can be achieved by:
In many Indigenous cultures, wealth is not measured solely by material possessions, but also by the health and harmony of the community. To properly engage an Indigenous worldview, it is important to prioritize community well-being over individual profit.
This can be done by incorporating traditional knowledge and values into business practices, such as considering the impact on the environment, fostering sustainable relationships, and promoting social responsibility. Additionally, involving Indigenous community members in decision-making processes and creating opportunities for economic self-sufficiency can empower them and align business goals with their values.
Indigenous worldviews often emphasize reciprocity, interconnectedness, and the long-term sustainability of resources. Taking these perspectives into account can lead to more holistic and inclusive business practices. For example, instead of focusing solely on financial gain, businesses can consider how their operations impact the natural environment, cultural heritage, and the well-being of future generations. This may involve collaborating with Indigenous communities to develop environmentally-friendly practices, supporting traditional livelihoods, and ensuring that benefits from economic activities are shared equitably.
By engaging an Indigenous worldview that assesses wealth differently, businesses can contribute to the preservation of cultural heritage, the well-being of Indigenous communities, and the sustainable management of resources. This approach not only aligns with ethical considerations but also has the potential to foster long-term partnerships, enhance social impact, and promote economic resilience.
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2. Ownership of the resources used to create wealth is in the hands of the individuals is known as what?
a. private property right
b freedom of choice
c. profits
d. competition
the concurrency control protocol in which transactions hold their exclusive locks until commit is called
The concurrency control protocol in which transactions hold their exclusive locks until commit is called "Lock-Based Concurrency Control." In this protocol, when a transaction accesses a data item.
The transaction retains its locks until it completes and commits or aborts. Holding the locks until commit ensures that the transaction maintains exclusive access to the data, preventing conflicts and ensuring data integrity. However, this approach can lead to lock contention and potential delays if multiple transactions are waiting for the same data item. In this protocol, when a transaction accesses a data item, it acquires an exclusive lock on that item, preventing other transactions from accessing or modifying it until the lock is released.
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Using a credit card is the same as what?
A. Paying with money from your checking account.
B. Taking out a loan each time you charge.
C. Paying with money from your savings account.
D. Paying with cash.
A $5,000,000 issue of construction bonds were sold at par by he capital projects fund, Debt issuance costs included administrative fees of $45,000 and prepaidinsurance costs of $5,000.
Prepare in general journal form the necessaary entries in the governmental activities and approppriate fund journals for each transaction. Expanations may be omitted, For each entry you prepare, name the fund on which the entry should be made.
Answer and Explanation:
The journal entries are shown below:
Cash Dr $5,000,000
To Bond proceeds $5,000,000
(Being issuance of the constructions bonds are recorded)
Debt issuance cost $50,000
To Cash $50,000
(Being debt issuance cost is recorded)
Cash $4,950,000
Debt issuance cost $50,000
To Bond Proceeds $5,000,000
(being issuance of the construction bond is recorded)
Ace electronics had sales of $1,000,000 in 2021 and sales of $1,040,000 in 2022. the percentage increase in sales was:_________
Ace electronics had sales of $1,000,000 in 2021 and sales of $1,040,000 in 2022. the percentage increase in sales was: 4%
Percentage increase =
($1,040,000 - 1,000,000)/$1,000,000) x 100 = 4%
How is sales growth determined?
To start, subtract the net sales of the prior period from those of the current period. Next, divide the outcome by the prior period's net sales. To get the % sales growth, multiply the figure by 100.
(Net sales this period – net sales prior period) / net sales prior period * 100
It is important to calculate sales growth
This formula can produce either a positive or a negative integer as the outcome. If the figure is positive, your sales revenue is increasing. For obvious reasons, this is ideal, but it's also crucial to consider the percentage itself; the greater the number, the better your organization is performing.
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The first institution to contact if you know you have been an identity theft victim is
The first institution that should be contacted in the case of identity theft is the Federal Trade Commission (FTC).
Why should you contact the Federal Trade Commission (FTC)?If you have fallen victim to identity fraud, you should call the Federal Trade Commission immediately.
They will then help you report to the relevant law enforcement agencies such as the FBI and local police.
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If you are selling a shirt for $20 and your total costs were $10, your markup in dollars is $10. What is the markup percentage ?
help me please
You are putting on a theater production. Which of the following should be a consideration when you get ready to choose the script?
The size of the theater/stage
The demographics of the audience
The topic/popularity of the script
All of the above
Answer:
The topic/popularity of the script
Explanation:
When you are writing a script, you WILL NEED TO consider the topic/popularity of the script.
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The adjusted trial balance of corporation at december 31 shows that sales revenue for the year was and other revenue was. Cost of goods sold for that same period was , while other expenses totaled. The corporation declared and paid dividends of during the year. The balance of retained earnings before closing entries was
The record of the entry to close out the revenue accounts will be as debit sales revenue (525,000), debit other revenue (57,000), and Credit Retained (582,000).
Revenue accounts' debit entries cover sales-related allowances, discounts, and refunds. Credits boost the balance while debits lower the net revenue in revenue-type accounts via the returns, discounts, and allowance accounts. ADVANCE KNOWLEDGE.
Debit entries indicate a decline in the revenue accounts in the income statement, whereas credits indicate an increase in the account. The foundation of double-entry accounting is the idea of debits and offsetting credits.
Retention Credit is the sum indicated in the applicable Participant's Retention Agreement that will be credited to the Participant's Retention Account as a "Deferred Compensation Account" (as that term is defined in the applicable Retention Agreement).
Businesses that kept paying staff while closed due to the COVID-19 epidemic or saw severe drops in gross receipts from March 13, 2020, to December 31, 2021, are eligible for the Employee Retention Credit (ERC), a refundable tax credit.
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NOTE: The question given on the portal is incomplete. Here's the complete question:
QUESTION: The adjusted trial balance of Arctic Corporation at December 31 shows that sales revenue for the year was $ 525,000 and other revenue was $ 57,000. Cost of goods sold for that same period was $ 265,000, while other expenses totaled $ 195,000. The corporation declared and paid dividends of $ 10,000 during the year. The balance of retained earnings before closing entries was $ 490,000. Record the entry to close out the revenue accounts.