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3 years ago

What is the main purpose of taxation?

2 answers:

7 0

The main purpose of taxation is for the government to build new things for the community. For example, if I have to pay $700 each month for my car, that $700 is going to the government to maybe pay for a new road, or stop sign, or stoplight. Hope I helped! :)

Romashka-Z-Leto [24]3 years ago

4 0

The main purpose of taxation is to build a budget for the respective country. this budget is to be used for : health, children care (free school, kindergarten), army (defense of the country), transportation (roads, rails), etc

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What is the correct order that the four parts of a cover letter should appear in? a. Introduction, Heading, Argument, Closing b.

NemiM [27]

I’m thinking (a., because im pretty sure you need to have the heading before make an argument.

6 0

2 years ago

Monetary policy and the most important instrument

tiny-mole [99]

Answer:

Explained below.

Explanation:

Monetary policy is the realm of a nation’s primary bank. The Federal Reserve System (commonly termed as Fed) within the US furthermore in the Bank of UK are a couple of the most comprehensive such “banks” within the world. Although there are remarkable variations within them, the fundamentals of their performances are essentially indistinguishable and are beneficial for highlighting the several dimensions that can legislate monetary policy.

The Fed uses 3 central instruments in monitoring capital accumulation the discount rate, open-market operations, as well as reserve obligations. The prime is by far the most prominent. By purchasing either marketing government protection (habitually bonds), the Fed or a central bank influences the financier's supply including interest valuations.

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3 years ago

ease answer the question below based on the closing spot and the July futures contract prices for euros for four consecutive day

kherson [118]

Answer:

If a person sold euro futures on 3/01 then he/she will post a profit on 3/02 :

Explanation:

Date 3/01 3/02 3/03 3/04

Euro Spot Price $1.1585 $1.1589 $1.1584 $1.1593

July euro Futures Contract Price $1.1850 $1.1812 $1.1823 $1.1820

On March 1, the price of the euro futures contract was $1.1850 per euro, which means that a €1,000 contract is worth $1,185.50. On March 2, the euro futures contract was worth less, only $1.1812 per euro, that means that a €1,000 contract is worth $1,181.20. So you could have earned $1,185.50 - $1,181.20 = $4.30 per contract. It doesn't seem much, but it represents a 0.36% gain in one day.

5 0

3 years ago

The following information is available for Pyle Garage for March 2018

enot [183]

Answer:

Pyle Garage

Bank Reconciliation

March 31, 2018

Unadjusted Bank Balance, $14,125

March 31, 2018

Add: Deposit in Transit $3,593

Less: Outstanding Checks #1469 $1,546

Outstanding Checks 1470 $793 ($2,339)

True Cash Balance, March 31, 2018 $15,379

Unadjusted Book Balance, March 31, 2018 $13,060

Add: Credit Memo for Collection of $3,098

Accounts Receivable

Less: Error in Recording Check #1468 $710

Debit Memo for Service Charges $69 ($779.00)

True Cash Balance, March 31, 2018 $15,379

b. Account Titles Debit Credit

Cash $3,098

Accounts Receivable $3,098

Equipment $710

Cash $710

Bank Service Charge Expense $69

Cash $69

6 0

3 years ago

Variable Costing Income Statement On April 30, the end of the first month of operations, Joplin Company prepared the following i

Nezavi [6.7K]

Answer:

JOPLIN COMPANY

VARIABLE COSTING INCOME STATEMENT

Unit sold 275,000

Sales $4,950,000

Variable cost :

Cost of Goods sold( $4,050,000-337,500 - 450,000) (3,262,500)

Selling and Administrative expense ( 275,000 - 165,000) (110,000)

Contribution 1,577,500

Fixed Cost:

manufactured cost 450,000

Selling and administrative expenses 165,000 615,000

Net Income  962,500

Explanation:

3 0

4 years ago

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