Answer:
Answer:
I realized that sports is my thing, although I'm not that athletic. I always have a blast whenever I'm engaging in sports. I also like watching it on television.
I fell in love with sports because exercise is good for our health. Engaging in sports also help improve my mood and boost my energy.
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Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the same rate regardless of income, this might be so because low-income individuals are more prone than high-income individuals to purchase alcohol, tobacco, and gasoline.
<h3>What are Excise taxes?</h3>
- Any duty on produced items that are assessed at the time of manufacture rather than the time of sale is known as an excise or excise tax.
- Excises and customs duties are frequently used interchangeably, although customs taxes are imposed on already-existing products when they cross a defined border in one direction, whereas excise is imposed on goods that were created inland.
- State sales taxes and excise taxes on alcohol and cigarettes are frequently criticized for being regressive.
- Despite the fact that everyone pays the same rate regardless of income, this may be the case because people with low incomes are more likely than those with higher incomes to buy alcohol, cigarettes, and fuel.
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I believe the answer is: A. Cars typically lose the most value in the first year after purchase
As the miles usage in cars increase, the quality of the machine tend to deteriorate, which would lead to the decrease in the cars' value. On top of that, the new model that given by car companies tend to possess better technology/design. On average, cars tend to lose 15 - 25 % in value during the first year.
An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement
<h3>What is common-size statement?</h3>
An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement. Typically, this refers to overall earnings or total sales. Financial ratio analysis's objective is comparable to that of a common-size income statement. Items are shown as a percentage of a common base amount, such as total sales revenue, in a financial statement of common size. This kind of financial statement makes it simple to compare one company to another or different time periods within the same company.
The common-size statement refers to expressing each value as a percent of sales:
Sales 3,340 100.000%
income 274 8.234% (274 divided by 3340 times 100)
fixed assets 2,699 80.809%
current assets 836 25.030%
Inventory 417 0.12485 (417/3,340)
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The covenant is against encumbrances.
<h3><u>
what is an encumbrance?</u></h3>
A claim made against a piece of property by someone who isn't the owner is called an encumbrance.
- Encumbrance may affect the property's ability to be transferred and limit its free use until the encumbrance is removed.
- Real estate is subject to the most prevalent kinds of encumbrances, such as mortgages, easements, and property tax liens.
The previous property owner failed to disclose to Li Meng that there was an easement across the property.
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