Discuss the meaning of taxation​

Answers

Answer 1

Answer:

the meaning of taxation is the levying of tax.


Related Questions

Ortega Industries manufactures 15,000 components per year. The manufacturing cost of the components was determined to be as follows: Direct materials $ 150,000 Direct labor 240,000 Variable manufacturing overhead 90,000 Fixed manufacturing overhead 120,000 Total $ 600,000 Assume Ortega Industries could avoid $40,000 of fixed manufacturing overhead if it purchases the component from an outside supplier. An outside supplier has offered to sell the component for $34. If Ortega purchases the component from the supplier instead of manufacturing it, the effect on income would be a:

Answers

Answer:

Decrease by $30,000

Explanation:

Cost to buy = 15,000 * $34

Cost to buy = $510,000

Note: Since Ortega is buying 15000 units at $34, the $40,000 avoidable cost on fixed manufacturing overhead is non-applicable.

Cost of making = $150,000 + $240,000 + $90,000

Cost of making = $480,000

So, if Ortega purchases the component from the supplier instead of manufacturing it, the effect on income would be decrease by $30,000 ($510,000-$480,000).

Which of the factors of industrialization does Baines cite in the reading? Check all that apply water power to run machines rivers for transportation of goods a growing population to work in factories natural resources for production natural resources for production wealthy people to invest in manufacturing

Answers

Answer: • Water power to run machines

• rivers for transportation of goods

• natural resources for production

Explanation:

Industrialization is when am economy moves from the agricultural sector to the industrial sector.

The factors of industrialization does Baines cite in the reading include:

• Water power to run machines

• rivers for transportation of goods

• natural resources for production

The factors affecting industrialization are water power to run machines, rivers for transportation of goods, and natural resources for production.

The industrialization process promotes the expansion of industries, businesses, and corporations in the economy. Here, water energies are utilized by industries for facilitating production activities, operating machinery, and cleaning purposes.

Similarly, rivers are also a major transportation mode for the transition of goods and raw materials that gives a boost to the production facilities of the business.

Finally, natural resources are the basis for raw materials for the industries depending on which further production processes are performed.

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how do human traffickers violate the roghts of migrants?​

Answers

Answer:

Human trafficking is a crime against the person because of the violation of the victim's rights of movement through coercion and because of their commercial exploitation. ... Trafficked people are held against their will through acts of coercion, and forced to work for or provide services to the trafficker or others.Explanation:

Suppose Paris Household Sales (PHS), headquartered in California, acquires fine furniture from several high-quality manufacturers in France and enjoys exclusive distribution rights from them to sell to furniture stores throughout California. In this context, PHS is most likely classified as
A. a service provider.
B. an industrial firm.
C. a reseller.
D. a government agency.
E. a producer.

Answers

Answer:

Option C

Explanation:

In simple words, A reseller can be defined as the business or individuals (merchant) that buys products or activities with the aim of reselling them instead of utilizing or consuming them. Inside the communications business for example, corporations purchase surplus transmission bandwidth or call times from larger providers and resale it to smaller providers.

A restaurant food chain has over 680 restaurants. All food orders for each restaurant are required to be input into an electronic device which records all food orders by food servers and transmits the order to the kitchen for preparation. All food servers are responsible for collecting cash for all their orders and must turn in cash at the end of their shift equal to the sales value of food ordered for their I.D. number. The manager then reconciles the cash received for the day with the computerized record of food orders generated. All differences are investigated immediately by the restaurant. Corporate headquarters has established monitoring controls to determine when an individual restaurant might not be recording all its revenue and transmitting the applicable cash to the corporate headquarters. Which one of the following would be the best example of a monitoring control?
A. All food orders must be entered on the computer, and segregation of duties is maintained between the food servers and the cooks.
B. Management prepares a detailed analysis of gross margin per store and investigates any store that shows a significantly lower gross margin.
C. Cash is transmitted to corporate headquarters on a daily basis.
D. The restaurant manager reconciles the cash received with the food orders recorded on the computer.

Answers

Answer: Management prepares a detailed analysis of gross margin per store and investigates any store that shows a significantly lower gross margin.

Explanation:

The best example of a monitoring control will be that the management prepares a detailed analysis of gross margin per store and investigates any store that shows a significantly lower gross margin.

The gross margin is regarded as the net sales revenue after the cost of goods sold has been deducted. In a situation where there's variation between the value, then it calls for check to ascertain if any fraudulent activity took place.

. Use the following information to calculate the dollar cost of using a money market hedge for a 200,000 pounds of payables due in 180 days. Assume the firm has no excess cash. Assume the spot rate of the pound is $2.02, the 180-day forward rate is $2.00, the British borrowing/deposit interest rate is 5%, and the U.S. borrowing/deposit rate is 4% over the 180-day period. a. $391,210. b. $396,190. c. $388,210. d. $384,761. e. None of the above.

Answers

Answer:

$400,152.38

Explanation:

Number of days taken in a year = 360

Amount payable = Pounds 200,000

Funds required today = 200,000/(1+0.05*180/360)

Funds required today = 200,000/0.525

Funds required today = 380,952.38 Pounds

Cost of Dollar = 380,952.38*$2.02

Cost of Dollar = $769,523.81

So, the amount of dollar borrowed today is $769,523.81.

Payment of loan after 180 days = $769,523.81*(1+0.04*180/360)

Payment of loan after 180 days = $769,523.81*0.52

Payment of loan after 180 days = 400152.3812

Payment of loan after 180 days = $400,152.38

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States . . .; To borrow Money on the credit of the United States; To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes. —Constitution of the United States, Article I, Section 8 Which of these are expressed powers granted by this part of Article I, Section 8? Check all that apply.

Answers

Answer:

To lay and collect Taxes, Duties, Imposts and ExcisesTo pay the Debts and provide for the common Defense and general Welfare of the United States. To borrow Money on the credit of the United States.To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.

Explanation:

Congress as a Federal governmental branch, has the power to undertake certain things for the United States as a whole instead of for individual states. Article 1, Section 8 of the Constitution shows these powers which include: Congress will be able to collect taxes on from all states as well as duties, imposts and excises for the entire country.

Congress shall also be able to pay off debt and pass budgets for the defense of the nations. They will be able to borrow for the entire nation on the credit of the U.S. as a whole.

And finally, they can regulate commerce with foreign states and among the various states themselves but not within and as Indian tribes are seen as partly sovereign, only Congress can make deals with them as well.

Answer:

1. lay and collect taxes and duties

2. pay debts

5. borrow money

6. regulate commerce with foreign nations

write the different profession and human resources related to engineering and explain any two of them

Answers

Answer:

The professions related to engineering includes

Mechanical engineering

Biomedical engineering

Electronics engineering

Chemical (process) engineering

Petroleum engineering

Materials engineering

Human resources related to engineering includes

Welders

Mechanics

Plumbers

Electricians

Fitters

Carpenters

Brick layers

Operators

Machinist

Explanation:

Mechanical engineering profession

Mechanical engineering profession focuses on the branch of engineering that is related to designing, construction, and implementation of machine that provides energy, force or motion, in industry, homes, school, or office to meet the needs of the society

Welder

A welder is a person that regularly makes use of equipment meant for welding to create acceptable quality welds

(a)
What is the meaning of subsidiary company (2)

Answers

Answer:

A subsidiary company is a business that is owned, either partially or completely, by another company. This company is referred to as a parent company.

Explanation:

During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $290,000. The company produced 29,000 units, and sold 19,500 units, leaving 9,500 units in inventory at year-end. Income calculated under variable costing is determined to be $365,000. How much income is reported under absorption costing

Answers

Answer:

$460,000

Explanation:

The computation of the income reported under absorption costing is shown below:

Fixed overhead under absorption costing is

= ($290,000 ÷ 29000 units)

= $10  per unit

Units in ending Inventory is

= 29,000 units - 19,500 units

= 9,500 units

Now the cost of ending units is

= 9,500 units × $10 per unit

= $95,000

And, finally Income under absorption costing

= Income under variable costing + ending inventory

= $365,000 + $95,000

= $460,000

what is one major advantage of creating a division of labor?

Answers

Division of Labor's Benefits Many of the benefits of dividing labor in the workplace are self-evident. Saving time is one of them. Assigning tasks to each employee that are best suited to her abilities. Productivity is rising. For the tasks at hand, you only need one set of tools rather than many.

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Which of the following reflects Revenue after Deductions?

Answers

Answer:

Net income reflects the total residual income that remains after accounting for all cash flows, both positive and negative. In other words, from revenue, which is called the top-line number, all income, expenses, and costs are deducted to arrive at net income

NET INCOME

Explanation:

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What economic event began in 2007?
the Great Recession
O the Reconstruction
the Progressive Era
the Great Depression

Answers

Answer:

The Great Recession

Explanation:

The Great Recession began in December 2007 and ended in June 2009, which makes it the longest recession since World War II. Beyond its duration, the Great Recession was notably severe in several respects. Real gross domestic product (GDP) fell 4.3 percent from its peak in 2007Q4 to its trough in 2009Q2, the largest decline in the postwar era (based on data as of October 2013). The unemployment rate, which was 5 percent in December 2007, rose to 9.5 percent in June 2009, and peaked at 10 percent in October 2009. (Robert Rich, federalreservehistory.org)

distinguish between supermarket and hypermarket (five points each)​

Answers

Answer:

A Supermarket is a large store, but a Hypermarket is much bigger than a Supermarket. Hypermarkets store a higher number of FMCG products than a Supermarket.

Individuals produced their own goods. They then decided to specialise. They formed a group and offered their skills to each other but without the use of money. What is not likely to be the result for the group? A. It will enjoy a rise in its material standard of living. B. It will have a wider choice of goods and services. C. It will need to use a system of barter. D. It will save time in obtaining goods and services.

Answers

Answer:

It will save time in obtaining goods and services.

Explanation:

When using supply and demand to analyze trade, one can assume that the domestic market being small relative to the world market leads to: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices an upward-sloping domestic supply curve. a horizontal world supply curve. a vertical domestic demand curve. a downward-sloping domestic demand curve.

Answers

Answer:

a horizontal world supply curve.

Explanation:

When the supply curve is horizontal, it means that supply is perfectly elastic.

Supply is perfectly elastic, if a small change in price leads to supply falling to zero.

Which of the following is an example of strategic human resource management?

1. Meeting with members of a particular department to find out why employee turnover is so high

2. All of the answers are examples of strategic human resource management.

3. Hiring replacements for employees who have left a department with high turnover as soon as possible

4. Taking as much time as necessary to hire replacements for employees who have left a department with high turnover

Answers

Answer:

1

Explanation:

Meeting with members of a particular department to find out why employee turnover is so high is an example of strategic human resource management. Thus, the correct answer is option 1.

What is strategic human resource management?

Strategic human resource management (HRM) is a framework that connects people management and development practices to long-term company goals and outcomes.

It is concerned with longer-term resource concerns in the context of an organization's goals and the changing nature of work. It also influences other HR strategies, such as reward and performance, by establishing how they fit into the larger corporate plan. It contributes to ensuring that the many parts of people management collaborate to drive the behavior and climate required to create value and reach performance goals.

Therefore, option 1 is the appropriate example of strategic human resource management.

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Advertisers in our economy target society's _____ to make people believe they can't live without a product.

Answers

Rudbwnsfhsnajx sanders

Advances in technology has increased the number of people needed to

A. Develop computer software
B. Teach children in schools
C. Work on assembly lines
D. Serve in the military

Answers

Answer:

A. develop computer software

Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 190,000 shares of $4 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity: Issued 19,000 shares of common stock at $6 per share. Issued 38,000 shares of common stock at $7 per share. Reported a net income of $190,000. Paid dividends of $95,000. Purchased 2,000 shares of treasury stock at $9 (part of the 38,000 shares issued at $7). What is total stockholders' equity at the end of 2021

Answers

Answer:

Total Stock holder equity $457,000

Explanation:

The computation of the total stockholder equity is shown below:

Common stock issued (19,000 × $6) $114,000

Another common stock issue (38,000 ×  $7) $266,000

Net income $190,000

Less: Dividends - $95,000

Less: Treasury stock purchase -$18,000 (2,000 × $9)  

Total Stock holder equity $457,000

The same should be relevant

Solve, using a proportion. If Joe travels 434 miles in 7 hours, how far will he travel in 10 hours at the same speed?

Answers

Find his speed by dividing distance by time:

Speed = 434 miles / 7 hours = 62 miles per hour

Multiply speed by time:

62 miles per hour x 10 hours = 620 miles

He will travel 620 miles.

Explanation:

620 miles is your answer

possible reasons for the poor performance of the monopolies​

Answers

Answer:

Supply can be restricted to keep prices high. This leads to underprovision, or scarcity. Thus, according to general equilibrium economics, a monopoly can cause deadweight loss, or a lack of equilibrium between supply and demand.

Explanation:


Select the correct answer.
Angela meets with a new couple to determine their needs for a new home and how large a home they can afford

Answers

Answer:

c is the answer to the question

Explanation:

If my answer is incorrect, pls correct me!

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Actividad
Clasificar las siguientes palabras entre PRODUCTOS Y SERVICIOS.
Electricidad Leche entera Manzana Dentista Gym Peluquería

Veterinaria Cuadernos y lápices Restaurant
Chocolate Caramelos Remis Supermercado Gaseosas

Answers

Answer:

Productos:

-Leche entera

-Manzana

-Cuadernos y lápices

-Chocolate

-Caramelos

-Gaseosas

Servicios:

-Electricidad

-Dentista

-Gym

-Peluquería

-Veterinaria

-Restaurant

-Remis

-Supermercado

Explanation:

Un bien es un producto tangible que es comercializado en el mercado, generalmente consumible o utilizable, y que es utilizado o consumido en forma directa por quien lo adquiere.

Un servicio, en cambio, es una prestación efectuada por un trabajador en favor de terceros, quienes son los que pagan por el servicio. Así, las prestaciones médicas o de transporte son considerados servicios.

How would you ensure products being put out onto the shop floor are of good quality?

Answers

Answer:

1.Train Employees

2.Let technology help the process to shop more efficient and better at quality control

3.Upgrade Equipment

4...Keep Your Shop Floor Clean

Explanation:

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AJ's Markets is being liquidated. The mortgage holder is owed $830,000, the other secured creditors are owed $128,000, and the unsecured creditors are owed $329,000. Administrative costs of liquidation, wage and benefit payments, and consumer claims amount to $330,000. The firm owes no taxes. The building, which is mortgaged, just netted $794,000 after sale costs. The remaining assets have yielded $467,000 in net proceeds. How much will the unsecured creditors receive per each dollar they are owed?
A. $.027
B. $.025
C. $.333
D. $1.00
E. $.533

Answers

Answer:

B. $.025

Explanation:

Calculation to determine How much will the unsecured creditors receive per each dollar they are owed

First step is to determine the Mortgage unsecured

Mortgage unsecured = $830,000 -$794,000

Mortgage unsecured= $36,000

Second step is to calculate the Funds available after expenses

Funds available after expenses = $467,000 - $330,000

Funds available after expenses = $137,000

Third step is to calculate the Funds available after secured claims

Funds available after secured claims = $137,000 - $128,000

Funds available after secured claims= $9,000

Fourth step is to calculate the Total unsecured claims

Total unsecured claims = $36,000 + $329,000 Total unsecured claims = $365,000

Now let determine Percent unsecured claims paid

Percent unsecured claims paid = $9,000 / $365,000

Percent unsecured claims paid= .025*100

Percent unsecured claims paid=2.5%

Therefore the amount of that the unsecured creditors receive per each dollar they are owed will be $.025

The company paid dividends of $80,000 and issued a long-term note payable for $95,000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $15,000. The financing section of the statement of cash flows will report net cash inflows of a. $291.000. b. $481,000 c. $305.000 d. $371.000

Answers

Answer:

a. $291.000

Explanation:

Calculation to determine what The financing section of the statement of cash flows will report as net cash inflows

Common stock $386,000

Less Dividends ($80,000)

Less Purchased treasury stock ($15,000)

Net cash inflows $291.000

($386,000-$80,000-$15,000)

Therefore The financing section of the statement of cash flows will report net cash inflows of $291,000

Question 5
A company that sells ownership shares to many investors is a

Answers

Answer:

Corporation.

Explanation:

A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.

This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries.

Generally, a corporation is considered to be perpetual in nature and it is a body that comprises of a group of people such as directors, shareholders etc., who act as a single entity.

Corporations can be sold to investors through stocks or shares, as a public entity. Thus, a company that engages in the sales of ownership shares to many investors is referred to as a corporation.

Additionally, a corporation that its stock is being traded in a public market is required to report earnings per share on their income statement.

The manager of the production department in a graphics company is in conflict with the manager of the sales department over production goals, and the problem is affecting the company. A general manager learns that the conflict has been going on for some time and was never fully addressed by the previous administration. Why was this issue avoided by previous administrators, according to Liddle

Answers

Answer: b. Lack of courage

Explanation:

I am unsure of the source of this question but the above should be the correct answer.

Option A is incorrect because one can clearly see that an issue between two managers is no small issue if it is affecting the company.

Option C is also incorrect because an administration is in charge of the entire company and is capable of making these important decisions. The mere fact that the question asks why the previous administration did nothing points to the authority it had.

Option D is most likely incorrect because had there been a lot of issues, the question would have mentioned it.

This leaves option B which makes sense because regardless of the authority the administration had or the level by which the issue affected the company, if the admin had no courage, they would have done nothing.

An agency problem can occur when A. it is difficult or expensive for the owners to verify what the agent is actually doing. B. the owners and agents have different attitudes toward risk. C. the desires and objectives of the owners and agents conflict. D. executives do not select risky strategies because they fear losing their jobs if the strategy fails. E. all of the above.

Answers

Answer:

The answer is E.

Explanation:

In a public company, the directors are the agents of the company while the shareholders are the principals(owners) of the company. Because most times, shareholders doesn't have the needed skills and experience to run businesses, they employ director/management (agent) to run their businesses. Most times there is conflict of interest, for example, the managers might prefer a risky business while the shareholders might prefer less risky, this type of scenario creates agency problem.

Agency problem (principal-agent problem) is a conflict of interest that happens when the directors (agent) don't fully represent the best interest of the shareholders (principal)

So all the options in the question represents agency problem.

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