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Crank
3 years ago
6

What are two ways that a person's wealth may be taxed? Describe these taxes.

Business
1 answer:
Arturiano [62]3 years ago
4 0
Here are the answers to the question above. The two ways that a person's wealth may be taxed according to the following: 
Estate taxes are taxes levied on a person’s estate when that person dies. Inheritance tax is a tax on the property or assets that someone has passed on to <span>another. Hope this answers your question.</span>
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At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. The effect of this
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Answer:

B)owners' equity and decrease assets.

Explanation:

From the question, we are informed about Ringgold Co. Whereby At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. In this case, The effect of this entry on the company's balance sheet is to decrease owners' equity and decrease assets. Depreciation can be regarded as type of expense that brings reduction in value of an asset. It can be regarded as scheduled and not estimated expense . Depreciation can be recorded on balance sheet, as well as cash flow statement.

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2. Setting a goal, reaching it, and then setting a bigger goal is a characteristic trait of a _______ entrepreneur. A. forthrigh
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3 years ago
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In the context of managing inventories in supply chains,__________is the time between placement of an order and its receipt.
Ivan

Answer:

a. The lead time

Explanation:

The lead time is the time that shows the difference between the time at which the process gets started and the time at which the process get  finished. This can be reviewed in the manufacturing, supply chain management at the time when there is a prior processing, within processing and after processing

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3 years ago
One important benefit of a multiparty system over a two-party system is that ____________.
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4 years ago
Fred is willing to pay $5 for his first slice of pizza and $4 for his second slice of pizza. If the price is $3, and Joe buys tw
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Answer:

D) $3

Explanation:

Consumer Surplus refers to the difference between the actual price paid by a consumer and the price the consumer was willing to pay. Surplus arises in cases wherein the price consumer was willing to pay exceeds the price he actually paid.

In the given case, the consumer was willing to pay a total of $9 i.e ($5 + $4) for 2 units of pizza. He actually ended up paying $6 i.e ($3 × 2 slices).

Thus, his total consumer surplus can be calculated as $9 - $6 = $3  

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3 years ago
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