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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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In January 2020, Livingston Publishing sells three-year subscriptions to its annual publication to 500 customers for $30 each. U

Ray Of Light [21]

Answer:

A credit to Deferred subscription revenue for $15,000

Explanation:

6 0

2 years ago

When comparing general partnerships to sole proprietorships, an advantage of partnerships is that they?

Lerok [7]

When comparing general partnerships to sole proprietorships, an advantage of partnerships is that they option(d)i.e, Give the firm a stronger financial foundation.

A general partnership, which is the fundamental type of partnership under common law, is, in the majority of nations, a grouping of people or an unincorporated business having the main characteristics listed below: Estoppel, proof of existence, and agreement are all necessary for creation.

A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship. A sole proprietor may hire staff members and does not always work alone.

In a sole proprietorship, the business's owner is personally liable for all debts and obligations. In a partnership, two or more individuals pool their resources for the company and split earnings and losses.

The complete question is:

When comparing general partnerships to sole proprietorships, an advantage of partnerships is that they:

a) Are less risky because each partner is responsible for only a specified fraction of the firm's debts.

b) Are easier to terminate.To know more about refer to:

c) Cost less to organize.

d) Give the firm a stronger financial foundation.

To know more about general partnership refer to: brainly.com/question/17369246

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5 0

1 year ago

Last year Hamdi Corp. had sales of $500,000, operating costs of $450,000, and year-end assets (which is equal to its total inves

adelina 88 [10]

Answer:

1.74%

Explanation:

17% Debt 50% Debt

Sales $500,000 $500,000

Less: Cost $450,000 $450,000

Less: Interest $5,546 $17,400

Profit before tax $44,454 $32,600

Less: Tax at 35% $15,559 $11,410

Net Income $28,895 $21,190

Equity $361,050 $217,500

Return on Equity 8.00% 9.74%

Change in ROE = 9.74% - 8.00% = 1.74%

Workings

Interest (17% Debt) = 43,500*17%*7.5% = $5,546

Interest (50% Debt) = 43,500*50%*8% = $17,400

Tax (17% Debt) = $44,454 * 0.35 = 15,559

Tax (50% Debt) = $32,600 * 0.35 = 11,410

Equity (17% Debt) =435,000*83% = 361,050

Equity (50% Debt) = 435,000*50% = $217,500

Return on Equity = $28,895/$361,050 = 8.00%

Return on Equity = $21,190/$217,500 = 9.74%

7 0

3 years ago

What is inflation?

timurjin [86]

I think it’s A sorry if wrong

6 0

3 years ago

1. Hiram and Adasha both make meatloaf and bake bread. It takes Hiram three hours to bake six loaves of bread and two hours to m

mote1985 [20]

Explanation:

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8 0

2 years ago