After you are done taking notes from a speaker, you should ____

Tax laws permit installment sales, which are recognized in the year of sale for financial reporting purposes, to be reported in

Lera25 [3.4K]

Answer:

lower; higher.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

Generally, installment sales are permitted or allowed by the tax laws in a country. Typically, they are recognized in the year of sale for the purpose of financial reporting. Also, installment sales for any goods or services are to be reported in the tax return, at a later time when cash is received from the customer (buyer).

This results in a deferred tax liability because taxable income is lower than financial income in the year of sale, and higher than financial income in later years when collected.

7 0

2 years ago

A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is a:

Salsk061 [2.6K]

A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is known as a:

Cartel

According to the given question, we are asked to show the term which can be best used to describe a group of sellers who make an agreement to reduce their collective output so that price of goods would increase above their marginal costs.

As a result of this, we can see that this group of people in the business world are known as cartel because they behave unethically so that they could have increased profit on sales.

Read more here:

brainly.com/question/15294015

3 0

2 years ago

Wyatt Oil is contemplating issuing a 20-year bond with semiannual coupons, a coupon rate of 7%, and a face value of $1000. Wyatt

enyata [817]

Complete question:

Security Term (years) Yield (%)

Treasury 2 0 5.5%

AAA Corporate 2 0 7.0%

BBB Corporate 20 8.0%

B Corporate 2 0 9.6%

Wyatt Oil is contemplating issuing a 20-year bond with semiannual coupons, a coupon rate of 7%, and a face value of $1000. Wyatt Oil believes it can get a BBB rating from Standard and Poor's for this bond issue. If Wyatt Oil is successful in getting a BBB rating, then the issue price for these bonds would be closest to:

A) $891 B) $901 C) $1,000 D) $800

Answer:

If Wyatt Oil is successful in getting a BBB rating, then the issue price for these bonds would be closest to: $901

Solution:

Given,

FV = 1000,

N = 40,

I = 4,

PMT = 35

Compute PV ,

PV = $FV \frac{1}{( 1+r)^{n} }$

PV = 901.04

If Wyatt Oil is successful in getting a BBB rating, then the issue price for these bonds would be closest to: $901

5 0

3 years ago

The managers of pork farm inc., a meat-packing company, want to create more consumer demand for the company's products that are

Olegator [25]

They are developing a marketing strategy to build their advertising message, position and brand recognition upon.

4 0

3 years ago

Faiz would like to illustrate the commission savings delivered by a payment app compared with a credit card. He decides to use a

yulyashka [42]

Full question(find attached) :

Faiz would like to illustrate the commission savings delivered by a payment app compared with a credit card. He decides to use a company that has a monthly sales volume of $50,000 delivered over 100 equal transactions.

From the information available, what is the difference between the payment app with the lowest charge, compared with a credit card charge?

A) $575

B) $1200

C) $1050

D) $480

E) $1237

Answer and Explanation:

Credit card processing firms charge an average of 3.5% and a flat fee of about 20 cents so we would make our comparison on this basis:

Since Faiz decides to use a company that has a monthly sales volume of $50,000 delivered over 100 equal transactions

The customer would pay $50000/100= $500 per instalment

Given the information I'm the table from question Instant wallet charges 3.5% +$0.20 for transactions lower than $1500

= 0.035*$500+$0.20=17.5+0.20=$17.7

An average credit card processing firms would charge :

0.035*500+$0.35=17.5+0.35= $17.85

Therefore instant wallet is cheaper and would save a customer =$17.85-17.7= $0.15

8 0

3 years ago

After you are done taking notes from a speaker, you should _____.