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4 years ago

Was the tea act a direct or indirect tax

1 answer:

Crank4 years ago

5 0

The tea act is an indirect tax
Tea act put an amount of tax for every goods and products that being sold by the American colonist, which displayed every characteristic of an indirect tax.
If the tax is categorized as a direct tax, the tax is based on percentage of profit, not the product itself.

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Terrace Corporation makes an industrial cleaner in two sequential departments, Compounding and Drying. All material is added at

77julia77 [94]

Answer:

Terrace Corporation

Equivalent Unit

% D.Material % Conversion

Completed transferred 57,600 100% 57,600 100% 57,600

to drying

Ending Inventory of WIP 7,200 100% 7,200 60% 4,320

Total 64,800 64,800 61,920

Note:

Ending Inventory of Wip = Opening WIP Inventory + Added(Started) - Transferred out = 3,600 + 61,200 - 57,600 = 7,200 pounds

4 0

3 years ago

If someone introduces himself using a formal introduction, you should _____.

stich3 [128]

Answer:

Follow his lead and address him formally

Explanation:

If someone addresses you formally, that is because that person expects the conversation to be formal, or because you both are in a formal enviroment, for example, a work meeting. For this reason, the best to do in such situation is to address the other person formally as well.

6 0

3 years ago

You would like to combine a risky stock with a beta of 1.5 with U.S. Treasury bills in such a way that the risk level of the por

Deffense [45]

Answer:

33.33%

Explanation:

Let weight of T-bill be x, therefore weight of stock will be 1-x

Portfolio = Weight of stock*Beta of stock + Weight of T-bills*Beta of T-bills

1 = (1-x)*1.5 + x*0

1 = 1.5 - 1.5x

x = 0.5/1.5

x = 0.3333

x = 33.33%

Therefore, the percentage of the portfolio invested in treasury bills is 33.33%.

5 0

3 years ago

Companies. John, Lesa, and Tabir form a limited liability company. John contributes 60 percent of the capital, and Lesa and Tabi

noname [10]

Answer: The profits would be shared equally

Explanation: This is because

Since there was no agreement stating how profits would be divided,then the applicable state Limited Liability Company statute will rule. Most LLC statutes states that if members do not specify how profits are to be divided, they will be divided equally. As long as no operating agreement or LLC statute addressed the particular issue, the partnership law applys which also indicates that profits should be divided equally among the owners of a firm unless it was specified otherwise.

3 0

3 years ago

Direct financing works in multiple ways. Put the following events in order to show how direct financing can strengthen an econom

bazaltina [42]

Answer: E,C,D,B.

Direct financing strengthen an economy's GDP because they come without any interest cost or rate and are directly invested to increase the level of production or output of a business .

Explanation:

Direct financing occurs when money is borrowed from the financial market without using a third party or an intermediary, this is done in other to avoid indirect financing and it's high borrowing cost effect where the overall cost of the loan can be increased through interest rate.

Direct financing is when shares or securities are sold by a borrower in order to raise money and avoid interest rates that comes with using intermediaries or third party services.

Note: Those intermediaries are banks.

6 0

4 years ago