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Anettt [7]
3 years ago
13

Tim gave his house in another city to his sister. He had to pay taxes to the government on this transfer. What type of tax did t

he government levy?
A. estate tax
B. excise tax
C. gift tax
D. property tax
E. sales tax
Business
2 answers:
Scilla [17]3 years ago
7 0

The answer is<u> "C. gift tax".</u>


A gift tax is a government imposed tax to an individual giving anything of significant worth to someone else. For something to be viewed as a gift, the getting party can't pay the supplier full an incentive for the gift, however may pay a sum not as much as its full esteem. It is the provider of the blessing who is required to settle the blessing government expense. The collector of the gift may pay tax on the gift regulatory expense, or a level of it, on the supplier's benefit, if the provider has surpassed his/her yearly personal gift tax deduction limit.


MrRa [10]3 years ago
6 0

Answer:

Gift tax

Explanation:

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Accumulated depreciation shows a beginning balance of $9,300 and an ending balance of $10,700. How much depreciation expense was
faust18 [17]

Answer:

$1400

Explanation:

Accumulated depreciation is the total depreciation of an asset and is recorded on the balance sheet while the depreciation expense is recorded on the income statement as an expense.

The depreciation expense is the difference between the accumulated depreciation at the end and the accumulated depreciation at the beginning. It is given as:

Depreciation expense = accumulated depreciation at the end - accumulated depreciation at the beginning = $10700 - $9300 = $1400

Depreciation expense = $1400

6 0
3 years ago
Production and sales estimates for June are as follows:
anastassius [24]

Answer:

Production= 13,000

Explanation:

Giving the following information:

Estimated inventory (units), June 1 18,500

Desired inventory (units), June 30 19,000

Expected sales volume (units):

Area X 3,000

Area Y 4,000

Area Z 5,500

Total= 12,500

To calculate the production for the period, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 12,500 + 19,000 - 18,500

Production= 13,000

5 0
3 years ago
Suppose a riskless project requires an initial investment of $10 and will generate a one-time cash inflow of $30 two years later
Evgesh-ka [11]

Answer:

D. The payback period is less than 2 years.

Explanation:

Discount rate                 5%  

                                        0      1          2

intital investment        -10  

cash flow                       0        30

Total cash flow         -10      0        30

NPV                        17.21  

IRR                                 73%  

Therefore, The NPV is 17.21 and is positive, the statement is True.

IRR > 50%, Therefore the statement made is True

Accounting rate of return = {[(30 - 10)/10]^(1/2)} - 1

                                           = 41% > 0

Therefore, The statement made is true.

Payback period = 2 years, Therefore the statement made is NOT true.

7 0
3 years ago
Marketing manager Ricki Stephens reviewed her marketing information system to learn who was buying her company's products and at
Rudik [331]

Answer:

Letter A is correct. <em>Data warehouse.</em>

Explanation:

Data warehouse acts as a digital data warehouse of the company, whose main purpose is to store relevant information about the organization so that through history it can provide reports that help the company in the decision making process according to the facts found.

The biggest benefits found in the database system are greater flexibility and control of information and research, and the creation of standards that correct data and coordinate and optimize system data to ensure greater effectiveness.

7 0
3 years ago
SuperGroup has expressed the intention to begin selling in other countries, including China, while still protecting its Superdry
Paul [167]

Answer:

Marketing and sales segment.

Explanation:

  • A values chain consists of actions that a firm functioning in a public industry that performs in order to deliver a valuable product to the market.
  • The idea value chain is based on the process view of a manufacturing organization as a system of subsystems that transforms and processes money, labor, and materials, etc.
  • The marketing and sales is considered to be a primary function and include the creation of salesforce, advertising campaigns, and giving values to its customers, clients and partners.
5 0
3 years ago
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