Answer:
A
Explanation:
A tax is a compulsory amount levied on the goods and services by the government or an agency of the government. Taxes increase the cost of a product
A consumption tax is a tax that is levied on those that consume goods and services rather than produce goods and services
Examples of consumption tax :
- excise tax
- sales tax
A sales tax is an example of consumption tax. It is levied on the sales of goods and services. It is usually levied at the point of sale. An example is the value added tax.
An excise tax is a tax levied on certain goods and services at the point of sale e.g. tobacco
Differences between excise tax and sales tax
- An excise tax applies to a select list of products while a sales tax applies o a wide range of products
- Excise tax is levied on a per unit basis while sales tax is levied as a percentage of purchase price
It is called a collateral promise and it must be in writing to be enforceable
The true statement about disruptive technologies is they come to market with a set of performance attributes that existing customers have demanded.
Disruptive technologies are technological advancement that leads to changes in the operations of an industry, market or economy. Examples of disruptive technologies are artificial intelligence, 3d printing, cloud storage and robotics.
The technology industry is a fertile ground for disruptive technologies. This is because most inventions originate from the tech space. Disruptive technologies replace or drive out existing technologies and render them obsolete. The worst hit are underperforming incumbents.
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After each month, adjust the accounts. Cruella's adjusting entry at the end of February should include a debit to rent expense for $100.
<h3>What is an adjusting entry?</h3>
Adjusting entries refer to a set of journal entries recorded at the end of the accounting period to have updated and accurate balances of all the accounts. The main purpose of adjusting entries is to communicate an accurate picture of the company’s finances. The management can have a proper look into the financial statements knowing that Everything that occurred during the month is reported, even if the financial part of the transaction would have been warranted to have occurred at a later stage.
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This is an adaptive change.
Employees are expected to adapt to the new schedules and shifting amounts of work.
