3 years ago

The main purpose of taxes is to:

Business

1 answer:

Mandarinka [93]3 years ago

3 0

<span>Major health programs, such as Medicare and Medicaid and also Social security.</span>

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Problems and Applications Q2 Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per

kari74 [83]

Answer:

$550,000

Explanation:

Based on the information given the OPPORTUNITY COST OF RUNNING THE HARDWARE STORE will be $550,000 ($500,000+$50,000), which include the amount of $500,000 which is the cost of renting the store as well as to the cost to buy the stock while the $50,000 is her salary as an Accountant, reason been that she would QUIT HER JOB as an accountant in order for her to run the store.

Therefore the OPPORTUNITY COST will be $550,000

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3 years ago

You go to the electronics store to buy 3 CDs. Each CD’s original cost is $9.99. You have a coupon for 10% off and the sales tax

g100num [7]

$28.59 is your answer happy to help (:

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3 years ago

Why is the control function vital to an organization's success? How can organization's use technology to facilitate the control

dedylja [7]

Answer:

Controls help to better define an organization's objectives so that employees and resources are focused on them. They safeguard against misuse of resources and facilitate corrective measures. Having good records means management will better understand what happened in the past and where change can be effective.

Explanation:

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3 years ago

Why are job referrals valuable to both job seekers and employers?

Leto [7]

A successful referral makes an employee feel better about the company they work for

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3 years ago

Pharoah Incorporated factored $154,700 of accounts receivable with Engram Factors Inc. on a with recourse basis. Engram assesses

VashaNatasha [74]

Answer:

Cash 135,604 debit

Due from factor account: 7,735 debit

Loss on Factoring 18,081 debit

Recourse Liability 6,720 credit

Accounts Receivable 154,700 credit

--to record sales of account receivables--

Explanation:

fee: 154,700 x 3% = 4,641

retention: 154,700 x 5% = 7,735

recourse: 6,720

The company will receive cash for the difference between his account receivable and the discount above:

154,700 - 4,641 - 7,735 - 6,720 = 135.604‬

We post the retention as an assets as latter we will recove this amount.

Then, the recourse as a liaiblity. Write-off the receivables and later, the cash receipts.

The difference will be considered a loss.

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3 years ago