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balu736 [363]
3 years ago
8

In a response to public outcry over the Internal Revenue Service’s (IRS) extent and abuse of power, the Federal government has d

ecided to disband the IRS in favor of creating a new administrative agency to oversee taxation. As a business owner, what steps might you be able to take to ensure there are control’s and limits to the agency’s power? How does this compare with the controls available to branches of the government?
Business
1 answer:
Ratling [72]3 years ago
8 0

Answer:

Check the explanation

Explanation:

As business or company owner there’s a good need to have legal and litigation team comprising of solicitors general, Auditors, and forensic risk manager who can help out in any needs relating to IRS notices and undue Harassment by official legally and prive their warrants to be false.

One must invest in strong compliance teams and establish stringent framework to comply with and pursue ethical audit requirements to avoid any ambiguity or IRS agencies investigation.

However various branches of government can raid businesses with strong evidence or information about any unscrupulous activities and can ask for investigation and further joint inquiries.

If business owner doesn't agree to any allegation he may seek help from legal team regarding charge sheet issued and avail various counseling benefits to avoid loss of brand image and punitive damages.

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Explain two benefits to society of business activity<br> PLS HELP<br> ILL GIVE BRAINLIST
Westkost [7]

Answer: Business can positively influence how society operates. It can build and maintain social capital through its core operations; the goods and services it provides; and the activities supported through increasingly global and complex supply chains.

Explanation:

3 0
2 years ago
Read 2 more answers
(Advanced analysis) The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0
ioda

Answer:

Q = 10

Explanation:

Assuming that supply remains the same, the new supply and demand equations are, respectively:

P_S = 2 + 0.2Q\\P_D = 7 - 0.3Q

The equilibrium quantity occurs at the point for which the prices in the supply and demand equations are the same:

2 + 0.2Q = 7 - 0.3Q\\0.5Q=5\\Q=10

The new equilibrium quantity is Q = 10.

5 0
3 years ago
The price-demand and cost functions for the production and sales x BBQ grills are given as p ( x ) = 410 − x / 6 C ( x ) = 5900
snow_tiger [21]

Answer:

(a)   R(x)=410x-\frac{x^{2}}{6}

(b) profit = 95,683.33

Explanation:

Price:p(x)=410-\frac{x}{6}

C(x) = 5900 + 130 x

(a) Revenue, R(x) = Price × Quantity

                    =410-\frac{x}{6}\times x

                    =410x-\frac{x^{2}}{6}

(b) profit = R(x) - C(x)

              =410x-\frac{x^{2}}{6}-5900 - 130x

                       At x = 1150

=410(1150)-\frac{1150^{2} }{6}-5900-130(1150)

= 471,500 - 220,416.67 - 5,900 - 149,500

= 95,683.33

7 0
3 years ago
Setsuko wants to start a business of her own. She does not have enough savings, so she approaches her bank to obtain short-term
Arisa [49]

The type of funding obtained by Setsuko is the line of credit.

The following information should be relevant for the line of credit:

  • It is treated as a flexible loan.
  • It is an amount of money i.e. defined and can be accessed whenever it is needed and after that, it could be repaid instant or over a period of time.
  • It is for a short period of time.

Since in the given situation, it is mentioned that:

  • Setsuko obtained the funds for the short term.
  • Bank lent her $10,000.

Therefore we can conclude that the type of funding obtained by Setsuko is the line of credit.

Learn more about the line of credit here: brainly.com/question/17937007

3 0
3 years ago
_____ percent of adults (age 25 to 65) are providing primary financial support for their grown children.
Ann [662]
. Nearly half (47%) of adults in their 40s and 50s have a parent age 65 or older and are either raising a young child or financially supporting a grown child (age 18 or older). And about one-in-seven middle-aged adults (15%) is providing financial support to both an aging parent and a child.

Not sure if this helps any
6 0
3 years ago
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