A progressive tax takes a larger percentage of income from high income groups than from low income groups and is based on the concept of ability to pay.
Answer: :a. Retrospectively
Explanation:
A change in depreciation method is a change in accounting policy and as such it would need to be accounted for retrospectively.
This means that it must be accounted for by going back to all periods where the change affects an entry and adjusting that entry for the change so that the accounting can be more accurate.
Answer:
C) 15 months
Explanation:
As per the law, a company with two or more shareholders must hold an Annual AGM every year. The AGM for a new company must be held within the first nines months after the financial year.
The AGM for an existing company must be held not later than six months after the end of a financial year. However, the law has set 15 months as the maximum gap of time allowed between two general meetings.
Answer: True
Explanation:
To understand organizational markets, one must first realize that there are three main types of them: Industrial, reseller and government.
Industrial markets enable businesses to transact with each other. They trade raw materials and other goods to each other and process them to finished goods.
The reseller market does not involve any processing but rather firms buying from one and selling to another as middlemen.
The last market is the Government market. Any arm of government that purchases goods and services fall here including at local, state or federal level.
Answer:
D. Time-management.
Explanation:
Time management is the process of planning and exercising conscious control of time spent on specific activities, especially to increase effectiveness, efficiency, and productivity.
