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3 years ago

The reason of taxation?

Business

2 answers:

elena-14-01-66 [18.8K]3 years ago

6 0

Answer:

The money you pay in taxes goes to many places. In addition to paying the salaries of government workers, your tax dollars also help to support common resources, such as police and firefighters. Tax money helps to ensure the roads you travel on are safe and well-maintained. Taxes fund public libraries and parks.

Karo-lina-s [1.5K]3 years ago

4 0

The reason for taxes is to help pay for free services that are funded by the government. The taxes we pay goes to public services such as: schools, government employees, police stations, fire stations, roads, etc.. Without taxes we wouldn't have the services that help us with everyday life or emergencies.

Hope this helps

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Bellue Incorporated manufactures a single product. Variable costing net operating income was $92,400 last year and its inventory

s2008m [1.1K]

Answer:

6,000

Explanation:

Bellue incorporated manufactures a single product

The variable costing net operating income is $92,400

The inventory is 3100 units

The fixed manufacturing overhead cost is $1

Therefore the absorption cost can be calculated as follows

= 9200-1 x3200

= 9200- 3200

= 6000

Hence the absorption cos is $6,000

7 0

3 years ago

When we are doing the double entry for the closing inventory, why do we credit the inventory? I understand why we debit the clos

anastassius [24]

Answer:

Debiting in this case means to add to the inventory. Therefore, crediting means that inventory was used up when closing inventory.

Explanation:

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. ... A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

3 0

2 years ago

Aylward, Inc. currently has $2,141,000 in current assets and $842,000 in current liabilities. The company’s managers want to in

makvit [3.9K]

Answer:

$240,500

Explanation:

We know that

Current ratio = Total Current assets ÷ total current liabilities

= $2,141,000 ÷ $842,000

= 2.5 times

For current ratio falling below 2.2, we have to assume the borrowed amount be X

So, the equation would be

$2,141,000+ X ÷ $842,000 + X = 2.2

$2,141,000+ X = 2.2 × ($842,000 + X)

$2,141,000+ X = $1,852,400 + 2.2X

$2,141,000 - $1,852,400 = 2.2X - X

$288,600 = 1.2X

So X would be $240,500

4 0

3 years ago

Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $47,7

LenaWriter [7]

Answer:

$41,650

Explanation:

Contribution margin is the net of sales and variable costs.

Contribution Margin:

Division A = $47,700

Division B = $231,000 x 35% = $80,850

Company calculates the Net Income after deducting The traceable and common fixed costs from the total contribution margin.

Total contribution margin = $47,700 + $80,850 = $128,550

Net Income = Total contribution margin - Traceable Fixed Expense - Common Fixed expenses

$27,200 = $128,550 - $59,700 - Common Fixed expenses

$27,200 = $68,850 - Common Fixed expenses

Common Fixed expenses = $68,850 - $27,200 = $41,650

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3 years ago

What type of information system would a chain of theaters use to sell<br><br> tickets?

FinnZ [79.3K]

Answer:

transaction processing system

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3 years ago

The reason of taxation? ​

The reason of taxation?