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3 years ago

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1 answer:

8 0

Some tax is paid only by people who benefit from a government program or service, such as a toll road. This approach to determining who should pay taxes follows the benefits-received principle.

<h3>Explanation:</h3>

The principle called Benefits-Received states that the amount of tax that is to be payed by an individual is directly proportional to the amount of benefits that is being received by the individual from the government. Those people who receives services from the government resources pay tax to the government for those benefits.

The main objective of this type of principle is to bring fairness among the public in paying taxes based on the benefits that receive from the services and the resources of the government. This is different from the ability to pay principle. In this principle, those people who can afford to pay more will be paying more taxes to the government.

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ABC Inc. hires you as its Ethics Officer, and the CEO of ABC Inc wants you to help ABC Inc become ESG compliant. She asks you to

ASHA 777 [7]

Answer:

The definition of the problem is listed throughout the section below on explanations.

Explanation:

ABC Inc employs ABC Inc as an internal auditor as well as CEO into becoming compliant with ESG. She requests you should consider 2 recommendations each for ABC Inc's ESG research on Climate, Economic, and Governance. Why your advice will ensure ABC Inc operates differently against Enron.

Environment:

Through its operational activities, ABC should incorporate renewable energy. Solar panels could be used for generating power in organizations where appropriate.
ABC will devote 5% of all its sales to research for environmentally friendly energy resources to significantly reduce its reliance on coal.

Social:

ABC could perhaps recognize the perspective including its investors and therefore should share the required info.
When the CEO is unaware of the corporation's misconduct as well as some informant points something out to herself, therefore that individual or organization must be tended to or respected.

Governance:

ABC ought to be more open concerning its activities. If it's the founder or the worker. Stockholders ought to learn what the internal operations of their business are.
Boards must be supervised closely and they should include separate, representative members. Their pay should not have been so strong that incongruity is prevented in conferences.

As contrasted with Enron's. Enron did not follow up on such above compliance issues.

We were vague when it came to disclosing their liabilities off the income statement. Shareholders were unfamiliar with the firm's operations.
Whistle-blower or anybody who referred out such a program flaw was embarrassed and disciplined.

ABC Inc may obey these guidelines above to have been consistent with ESG.

4 0

4 years ago

Bradley's Miniature Golf and Driving Range Inc. was opened on March 1 by Bob Dean. These selected events and transactions occurr

leva [86]

Answer:

Mar. 1

Cash $59,000 (debit)

Common Stock $59,000 (credit)

Mar. 3

Land $22,900 (debit)

Building $8,310 (debit)

Equipment $9,990 (debit)

Cash $41,200 (credit)

Mar. 5

Advertising expenses $1,560 (debit)

Cash $1,560 (credit)

Mar. 6

Prepaid Insurance $3,500 (debit)

Cash $3,500 (credit)

Mar. 10

Equipment $4,800 (debit)

Account Payable : Tahoe Company $4,800 (credit)

Mar. 18

Cash $1,550 (debit)

Sales Revenue $1,550 (credit)

Mar. 19

Cash $1,050 (debit)

Unearned Revenue $1,050 (credit)

Mar. 25

Dividend $420 (debit)

Cash $420 (credit)

Mar. 30

Salaries Expenses $810 (debit)

Cash $810 (debit)

Mar. 30

Account Payable : Tahoe Company $4,800 (debit)

Cash $4,800 (credit)

Mar. 31

Cash $800 (debit)

Service Revenue $800 (credit)

Explanation:

Note the following :

1.The cash earned from coupon books is posted to a Liability account : Unearned Revenue instead of Sales Revenue Account. This is because revenue is recognized until customers use the coupons.

2. Repayment of an Account Payable decreases both the Assets of Cash and the Liability of Accounts Payables.

4 0

3 years ago

Warrants exercisable at $20 each to obtain 79000 shares of common stock were outstanding during a period when the average market

Natalija [7]

Answer:

$15,800

Explanation:

Calculation to compute diluted earnings per share

Using this formula

Diluted earnings per share=Shares of common stock- (Shares of common stock×Warrants exercisable ÷Average market price of the common stock )

Let plug in the formula

Diluted earnings per share=79,000-(79,000×$20÷$25)

Diluted earnings per share=79,000-$63,200

Diluted earnings per share=$15,800

Therefore $15,800 diluted earnings per share will increase the weighted average number of outstanding shares.

6 0

3 years ago

suppose the game is infinitely repeated, and the interest rate is 5 percent. both firms agree to charge a high price, provided n

Roman55 [17]

The present interest value of firm b's payoffs is 60%.

Present value of infinite period profit of 20 = current profit + periodic profit / rate of interest = 20 + 20/10% = 220. Select 220

2) Current profit will be 50 but lifetime periodic profit will be 0. Hence present value is 50. Select 50

3) Maximum interest rate is found at

20 > or = 50(1 – d) + 0

20 > or = 50 – 50d

-30 > or = -50d

d is > OR = 30/50 = 60%.

In finance and economics, interest is the price from a borrower or deposit-taking economic institution to a lender or depositor of a quantity above repayment of the most important sum, at a particular rate. it's far distinct from a fee that the borrower may pay the lender or some 1/3 party.

Learn more about interest here: brainly.com/question/24924853

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6 0

2 years ago

Shelton, Inc., has sales of $18 million, total assets of $16.5 million, and total debt of $9.4 million. Assume the profit margin

juin [17]

Answer:

Net Income = $1,440,000 or $1.44 million

ROA = 0.0873 or 8.73%

ROE = 0.2028 or 20.28%

Explanation:

The net income of the company can be calculated by multiplying the profit margin by the value of total sales.

Net Income = 18,000,000 * 0.08

Net Income = $1,440,000 or $1.44 million

The return of assets or ROA is the value of Net Income expressed as a percentage of Total Assets. Thus, the formula for ROA is,

ROA = Net Income / Total Assets

ROA = 1.44 / 16.5

ROA = 0.08727272 rounded off to 0.0873 or 8.73%

The ROE or return on equity is the profit or net income expressed as a percentage of total equity.

ROE = Net Income / Shareholders' Equity

First we need to calculate the value of total equity using the basic accounting equation.

Total Assets = Total Liabilities + Total Equity

16.5 = 9.4 + Total Equity

16.5 - 9.4 = Total Equity

Total Equity = $7.1 million

ROE = 1.44 / 7.1

ROE = 0.20281 or 20.281% rounded off to 0.2028 or 20.28%

4 0

4 years ago