For the quarter ending December 2021, Woolworths Group's tax rate was 27.15%. See other financial metrics below.
<h3>What is the significance of tax rate?</h3>
Taxation not only pays for public goods and services; it also plays an important role in the social compact that exists between citizens (corporate and individual) and the economy.
The manner in which taxes are collected and spent may define a government's very legitimacy.
When very big corporations such as Woolworth are involved, they are also evaluated on their commitment to tax payment.
<h3>What is the Asset Value of Woolworth Holdings as at December 2021?</h3>
The Asset Value of Woolworth Holdings as at December 2021 was valued at about 59 Billion Dollars. In the same year, it's net income was valued at about 4.2 Billion Dollars.
Her EBDITDA - Earnings before interest, taxes, depreciation, and amortization was computed to have grown by 11.59 Billion dollars.
Hence, this tells us that after satisfying it's corporate fiscal responsibility (tax payment), Woolworth remained profitable. To the tune of 4.2 billion dollars.
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Answer:
7,200 units
Explanation:
The computation of the no of units for break even for product A is given below:
But before that the contribution margin for the sales mix is
<u>Particulars product A product Z</u>
Selling price $84 $105
Less:
variable cost -$41 -$45
Contribution margin $43 $60
Sales mix 5 2
CM sales mix $215 $120
Total $335
Now the break even sales in total is
= $482,400 ÷ 335
= 1,440 units
Now for product A, it is
= 1,440 × 5
= 7,200 units
Banker's draft can be used when the person making the payment wants money to be
available in the receiving bank's account.
<h3>What is bank draft?</h3>
Banker's draft is a a form of cheque that is given to a customer at the bank either for a purchase payment.
It can also be brought to another bank for remittance, it serves as evidence for transactions.
Therefore, a banker draft can be used when the person making the payment wants money to be
available in the receiving bank's account.
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Explanation:
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