Annual tax return is a document which states the income and expenses of a certain firm or individual and it is given to the tax department for further checking.
Depreciation expenses is the decrease in the cost of an asset that has appeared over a period of time because of its use. Any expense that is related to a certain asset is included to calculate the depreciation expense.
Depreciation expense: Cost of the asset - residual value/ total units expected to be produced * actual units produced
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Answer:
asset distribution preference
Explanation:
In such a situation the preference or privilege that would be best for you is known as asset distribution preference or liquidation preference. This is a clause that dictates that the payout in case of a corporate liquidation (such as when they are about to go bankrupt) must first go to the preferred stockholders in order for them to get their money back first. Therefore, since you are a preferred stockholder this would be the biggest privilege for you, allowing you to recover your money quickly and move on to something else.
Answer:
c)Company is not performing well as we can observe that % change in sales and gross profit are increasing year by year. Return on equity is almost same year by year
There is no much risk associated with company
Explanation:
1)Current Ratio = current assets/current liability
2)return on equity= net profit/equity
3)Net Income(%)=net income/sales
4)Fixed Asset Turnover= Sales/Fixed asset
5)Debt ratio=debt/assets
Tax on consumption is a tax on the using of goods or services. Sales tax is an example of tax on consumption. If you go to the store and buy clothes, the tax calculated from that is because you bought the items. If you went and got a haircut and they charge tax, you are paying the tax on consumption of the haircut service you received.
Answer:
Compound interest pays interest on the principal and the interest
Explanation:
Compound interest is preferred because it calculates interest on the principal amount and the accrued interest. In compounding interest, the interest earned in the period is added to the principal to become the new principal amount. Interest earned at the end of every year will higher than the previous period as the principal amount increases at the beginning of a period.
Interest earned by the compound interest method grows much faster compared to the fixed-rate interest method. Investors wishing to have better returns from their savings will prefer the compound interest method.
