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3 years ago

The main purpose of taxes is to:

1 answer:

8 0

The main purpose of taxes is used to help support and continue government programs that help provide stable housing and food for the poor. :D

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Real Gear Corporation enters into a contract to sell ski equipment to Sno-Sports Inc., which sells a pair of the skis to Tyra, a

exis [7]

Answer:

c (:

Explanation:

4 0

4 years ago

Backford Company just paid a dividend yesterday of $2.25 per share. The company's stock is currently selling for $60 per sha

saveliy_v [14]

Answer:

option c i.e. g=11.81%

Explanation:

growth can be obtained by using given relation:

$rate\ of\ return = \frac{D(1+g)}{current\ price} +g$

where

D IS DIVIDEND = 2.25

current price = $60

rate of return = 16%

$16= \frac{2.25(1+g)}{60} +g$

0.16= 0.0375(1+g)+ g

g=11.81%

3 0

3 years ago

Fitzgerald Oil and Gas incurred costs of $8.25 million for the acquisition and development of a natural gas deposit. The company

fiasKO [112]

Answer:

Depletion for Year 1: $1,925,000;

Depletion for Year 2: $2,200,000.

Explanation:

Please find the below for detailed explanation and calculation:

- First, calculate the depletion rate per cubic feet of natural gas extracted from the gas deposit:

+Depletion rate = Total cost of acquisition and development of the gas deposit/ total expected gas extraction from the deposit = 8,250,000/3,000,000 = $2.75 per cubic feet.

- Then, find the depletion for the year 1 and yer 2 given the actual extracted gas are given:

Depletion for year one = Depletion rate x actual gas extraction in year 1 = 2.75 x 700,000 = $1,925,000;

Depletion for year two = Depletion rate x actual gas extraction in year 2 = 2.75 x 800,000 = $2,200,000..

Hope you find the explanation helpful.

6 0

3 years ago

When preparing the operating budgets for a manufacturing company, the manufacturing overhead budget ________. only includes vari

Stells [14]

When preparing the operating budgets for a manufacturing company, the manufacturing overhead budget includes costs that are projected by the cost accountant and the production manager. It contains the all <span>manufacturing costs and expenses, except the direct materials (raw materials) and direct labor. </span>

4 0

3 years ago

a newspaper reports that in urban area the average price of new homes had decreased, but the number sold had increased. The sita

mr Goodwill [35]

Answer:

B. Increase in supply

Explanation:

These are the options for the question below;

A. Increase in demand B. Increase in supply C. Decrease in demand D. Decrease in supply.

Whenever there is increase in supply, then the price has reduced, then people Brenda to buy the products because of the reduce price.and that is what happen in this case.

3 0

3 years ago