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3 years ago

British explicitly inhibited the development of what industry

1 answer:

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British explicitly inhibited the development the coal industry.

England sparked the industrial revolution which changed the way things are made such as machinery(Engines) which was powered by coal.

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Identify the uses of generally accepted accounting principles (GAAP). A. Independent accountants use GAAP to determine the amoun

lora16 [44]

Answer:

The correct option is;

B. Companies use GAAP when preparing financial statements

Explanation:

Generally Accepted Accounting Principles (GAAP) are the guidelines with regards to the standards, principles, practices and procedures of financial statement compilation by accountants issued by the Financial Accounting Standards Board (FASB). It is a requirement that all publicly quoted companies make use of GAAP for their financial compilation.

GAAP comprises of the generally accepted accounting records reporting and recording methods as well as policy board standards of accounting procedures.

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3 years ago

Which of the following is LEAST likely to be a reason for firms to form a cartel?

GalinKa [24]

Answer:

The correct answer is letter "C": to raise competition among firms in the cartel.

Explanation:

A cartel is a group of companies or countries working together to regulate the price of a single product they produce in common. The cartel makes it impossible for a foreign business to enter the market and demand lower prices. Cartels are, in most cases, not helpful to customers. They generate high prices that remain unchanged until consumers find alternative ways to purchase the same items.

Under such a scenario,<em> cartels are unlikely to be formed to generate more competition among the companies that compose them.</em>

4 0

3 years ago

Suppose you sell a fixed asset for $99,000 when its book value is $75,000. if your company's marginal tax rate is 39 percent, wh

strojnjashka [21]

Determining Depreciation Recapture.

Sale Value = $99,000

Less: Adjusted basis(book value) = ($75,000)

Depreciation recapture = $24,000

So Depreciation recapture = $24,000

The marginal tax rate is the amount of additional tax paid for each additional dollar earned in income. The average tax rate is the total tax paid divided by total income. A marginal tax rate of 10% means that 10 cents from the next dollar you earn will be tax deductible.

In taxation, a tax rate is a rate at which a company or individual is taxed. There are several ways to express tax rates, including statutory, average, marginal, and effective. These tax rates can also be presented using different definitions (inclusive and exclusive) that apply to the tax base.

Learn more about marginal tax here

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3 0

2 years ago

3. Which of the following occupations relate to a skill category of mathematics and data? Select

AURORKA [14]

did you ever get the right answers if not

2 is D

3, is engineer and financial analyst

4 is educator nd lawyer

7 0

3 years ago

Chang industries has bonds outstanding with a par value of $200,000 and a carrying value of $203,000. If the company calls these

Fynjy0 [20]

If the company calls these bonds at a price of $201,000, the gain or loss on the retirement would be $2,000.

Here, $203,000 is the net carrying value of the liability - $201,000 is the price the bonds were called at and the price that Chang industries paid to retire the bonds and the associated liability.

Therefore, $203,000 - $201,000 = $2,000

The gain or loss on the retirement would be $2,000.

A bond retirement occurs when an organization repurchases bonds that it had previously issued to investors. Thus, the issuer retires the bonds at the scheduled maturity date of the instruments.

Hence, bond retirement involves the cashing out of a bond that has been invested in.

To learn more about bond retirement here:

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4 0

1 year ago