Answer:
Indirect taxes
Explanation:
Indirect taxes are the taxes levied on transactions as opposed to direct taxes that are imposed on incomes. An indirect tax is added to the prices of goods and services and collected by the seller or retailer. The retailer acts as the tax intermediary and submits the taxes collected to the government.
Examples of Indirect taxes include excise duty tax, value-added tax, and sales tax. Gas attracts sales tax and road maintenance tax. These taxes increase the price of gas, making them indirect taxes.
Answer:
$20,000
Explanation:
For computing the depreciation expense, first we have to determine the first and second year depreciation which are shown below:
First we have to find the depreciation rate which is shown below:
= One ÷ useful life
= 1 ÷ 4
= 25%
Now the rate is double So, 50%
In year 1, the original cost is $160,000, so the depreciation is $80,000 after applying the 50% depreciation rate
And, in year 2, the $80,000 × 50% = $40,000
The 80,000 is come from = $160,000 - $80,000
And, in year 3, the $40,000 × 50% = $20,000
The 40,000 is come from = $80,000 - $40,000
Answer: 1 widget per dollar
Explanation:
The weekly productivity level for this operation will be calculated thus:
Output = 8000 widgets per week.
Input = Labor Cost + Material Cost
= (5 × 40 × $15) + (100 × $50)
= $3000 + $5000
= $8000
Productivity = Output / Input
= $8000 / $8000
= 1 widget per dollar
Answer:
The correct answer is 26.05%.
Explanation:
According to the scenario, the given data are as follows:
Beginning Assets = 12,888 ( million)
Ending Assets = 13,099 (million)
Operating profit = 3,385 (million)
So, Average Assets for the year = (12,888 + 13,099) ÷ 2 = 12,993.5 (million)
So, we can calculate the return on investment by using following formula:
Return on investment = Operating profit ÷ Average assets for the year
By putting the value, we get
Return on investment = 3,385 ÷ 12,993.5 (million)
= 0.2605 or 26.05%
Answer: b. pays cash before the expense has been incurred.checked
d. receives cash before the revenue has been generated
Explanation:
Here is the complete question:
Deferral adjustments are needed when the business:
a. pays cash after the expense has been incurred.unchecked
b. pays cash before the expense has been incurred.checked
c. receives cash after the revenue has been generated.unchecked
d. receives cash before the revenue has been generated.
Adjustments are made during the end of every accounting period in order to report the revenues and the expenses in proper period at which they occur and also in order to report the assets and the liabilities at their appropriate amounts.
Deferral adjustment is when the revenue or the expense has been deferred or postponed and will therefore be reported on the income statement at a later period.
Previously deferred amounts will show on the balance sheet when a company pays cash before having to incur the expense or in a case whereby the company gets and collects cash before earning the revenue.
When revenues are made or when expenses are incurred, the previously deferred amounts will have to be adjusted and then, the amounts will be transferred to income statement through the use of the deferral adjustment.
