The two functions of financial accounting are to measure business activities and prepare tax returns. FALSE
<h3>
What is a Tax return?</h3>
- A tax return is a document submitted to a taxing body that lists earnings, outlays, and other pertinent financial data.
- Taxpayers compute their tax liabilities, set up tax payments, and request refunds for overpaid taxes on their tax returns.
- Tax returns must typically be filed yearly.
- In the United States, tax returns including data necessary to compute taxes are filed with the Internal Revenue Service (IRS) or with the state or local tax collecting agency (Massachusetts Department of Revenue, for instance).
- The IRS or another applicable authority's forms are often used to complete tax returns.
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Answer:
Remain constant.
Explanation:
As Spain produces more digital cameras and fewer camcorders, the opportunity cost of producing each additional digital camera <u>remain constant. </u>
Production possibility frontier is a curve that show how different combination of product are produced using limited resources. It demonstrate that how production of one goods need to be decreased to produce higher number of other goods.
Opportunity cost is constant, as tradeoffs are the same regardless of where you are on the line, same slope at any point.
The typical average amount purchased by those on the mailing list. On a catalog source mailing list, this could be the average order size. I’m magazine sourced mailing list, this could be of average subscription price on a nonprofit source the mailing list this could be the average donation.
Answer:
d.) discretionary expenses
Explanation:
We can explain going further into what is each item.
<u>A and B are your income </u>(for this question don’t sweat about the difference between gross and realized). They will constitute all the money you have in that period (the period will depend on the regularity of your income, it could be weekly, monthly, etc.).
Your fixed expenses are the things you will expend money on which, no matter what happens, will not change (it could be your rent, tax, health insurance, etc.).
Discretionary expenses, however, are costs that are things that you WANT, not NEED. It could go anywhere from a new shoe to a new boat (if you´re feeling rich, that is lol). That kind of expense will impact your available money (hey, nothing is free) but is not part of your budget as it is not a planned cost.
However, is important to note that if you wanna be super Monica Geller with your money you should forecast your discretionary expenses. Using your history as a base for calculating will eliminate most of the margin error.
To solve this question, we need to do a substitution formula on both equations
Burger + Fries = $ 2.20
Burger - Fries = $ 2.00
________________________ -
2 Fries = $ 0.20
Fries = $ 0.1
