which system tax collection system supports the idea that some states are more valuable than others is the Articles of Confederation says that its value will be estimated based on land, people, and improvements
Taxes can be defined as mandatory levies from the people for the state. Every penny of tax money paid by the people will be included in the post of state income from the tax sector. Its use is to finance central and local government spending for the welfare of the community.
Taxes are very beneficial for the state. In full, taxes are widely used for:
- Financing state expenditures, such as: self-liquidating expenditures, for example: expenditures for productive projects for export goods.
- Financing reproductive expenditures, such as: expenditures that provide economic benefits for the community, for example: expenditures for irrigation and agriculture.
- Financing expenses that are not self-liquidating and non-reproductive, for example: expenses for the construction of monuments and recreational objects.
- Financing unproductive expenses, for example: expenditures to finance national defense or war and expenditures for future savings, namely expenditures for orphans.
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Answer:
$863,689.50
Explanation:
The computation of the present value of the terminal value is shown below:
The terminal value at the end of the third year is
= Third year Cash flows × (1 + growth rate) ÷ (required rate of return - growth rate)
= $64,000 × (1 + 2%) ÷ (8% - 2%)
= $1,088,000
Now its present value is
= terminal value at the end of the third year ÷ (1 + rate of interest)^number of years
= $1,088,000 ÷ (1 + 8%)^3
= $863,689.50
This is the answer but the same is not provided in the given options
Answer:
B. shifts rightward, and the point at which the PPF touches the good-X axis has to be something more than 40 units of good X and the point at which the PPF touches the good-Y axis has to be something more than 60 units
Explanation:
PPF is the graphical representation of two goods combinations which an economy can produce given resources & technology.
It is downward sloping because of two goods inverse relation given same resources & technology.
The points at which PPF touches both axis represents maximum amount of that axis good which can be produced by given resources & technology , Points on PPF reflect full efficient utilisation of resources. Points inside PPF reflect underutilisation of resources. Points outside PPF reflect unattainable combinations outside economy's productive capacity, given resources & technology unless either of them grow.
Resource increase usable for production of both goods: shifts the PPF outwards/ rightwards & the maximum potential production of both goods increases. PPF touching axis points increases from pervious at each axis - more than 40 at good X axis, more than 60 at Y axis.
Answer:
$52,000
Explanation:
Bonus is 20% on annual net income, after deducting the bonus.
Let the annual income after deducting bonus be g
Then,
Bonus = 20% of g
= 0.2g
Annual income before bonus = annual income after bonus + bonus
312,000 = g + 0.2g
g = 312000/1.2
g = $260,000
Bonus = 0.2g
= 0.2 × 260,000
= $52,000
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Not necessarily. Sure, there are some things where it is very clear what is right and wrong but there are so many situations where it is hard to differentiate between what is right and what isn't.
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