Answer:
(B) False.
Explanation:
There are other ways to measure the efficiency of a tax system. It is not to generate enough revenue to pay for the public goods and services provided by the government, but just to meet the primary needs of the society.
An efficient tax system must not be complicated, and easy to pay by all. There must be transparency as how the people pay and the tax money is spent by the government.
Answer: See explanation
Explanation:
The journal entry will be prepared thus:
May 31:
Dr Fees earned $1,150,000
Dr Retained earnings $16,200
Cr Rent Expense $200,000
Cr Supplies expense $19,300
Cr Wages expenses $915,000
Cr Miscellaneous expense $31,900
May 31:
Dr Retained earnings $5000
Cr Dividend $5000
The process should eliminate potential bias from patient psychology regarding benefits of the drug and also eliminate the potential bias from the treatment administrators. The advantage of such a procedure is that neither the patients nor the administrators of the treatments know which patients received which treatments.
For example, a business might be willing to absorb lower profits and even losses in the present to strengthen its position and increase its market share so that it can earn higher profits in the future.
Answer:
The fund balance at the end of the year is $22,075.
Explanation:
Let X denote the end-of-year balance. During the year, the balance grows as follows
1,205 → 1,230+ ($800) = 2,030
The time-weighted yield rate for the one yearperiod is 11.1%
11.1 = 
* 
1230x = 27152265
x = 
x = $22,075
