Answer:
Fraud-Late Filing Penalty
Explanation:
The tax infraction that incurs a penalty calculated as 15% of the amount of tax owed per month with a maximum penalty of 75% is the Fraud-Late Filing Penalty.
Fraud-Late Filing Penalty is the <u>penalty for filing late if a taxpayer did not file on time due to fraud</u>.
<u>The penalty is 15% of the amount of tax that should have been reported on the tax return</u> and an additional 15% for each additional month or part of a month that the taxpayer didn't file a return. <u>The penalty cannot exceed 75% of the unpaid tax.</u>
Answer:
The correct answer is personal consumption plus gross private investment plus government spending plus net exports.
Explanation:
Total spending in an economy is the sum of personal consumption plus gross private investment plus government spending plus net exports.
Personal consumption expenditure is spending by consumers on goods and services. Gross private investment is the expenditure by the businesses.
Government spending is the expenses incurred by the government. Net exports are the amount spend on the purchase of goods and services from abroad.
All these together make total spending in an economy.
Answer: The ability to see risks that are not predicted and accessing funds from financial institutions
Explanation:
Here are some of the benefits of well-prepared risk management policy statement;
1) The ability to see risks that are not expected; a team of experts would be engaged to identify and give an overview of all forms of risk that could be possibly involved.
2) The organization attracts credit easily; Organisations attract credit from financial institutions when they are able to provide assessments that they carried out regarding risks. This gives the client's confidence that they can entrust their finance to the organization due to the firm have considered all forms of pending failures and that which would occur.
Answer:
0.0075 rugs per dollar
Explanation:
(b)
Total labor cost:
= 520 hours × $15 per hour
= $7,800
Total solvent cost:
= 100 gallons × $5 per gallon
= $500
Total machine rental cost:
= 22 days × $75 per day
= $1,650
Multi-factor productivity:
= Number of rugs ÷ (Total labor cost + Total solvent cost + Total machine rental cost)
= 75 ÷ ($7,800 + $500 + $1,650)
= 75 ÷ $9,950
= 0.0075 rugs per dollar
Answer:
Need to come up with a sustainable competitive advantage that draws in customers and produces a competitive edge over rivals.
Explanation:
The main objective of every company is to earn profits and grow in the market. But to attain that objective company needs to formulate and implement some business strategies which shall provide them the edge to success.
The management has the duty to run the company with the resources available and optimise them at their best.
To attain maximum profit the management shall formulate a strategy that shall provide the customers with maximum benefits with the product, and the business an extra edge to market share so that the competitors fall behind and the business gains maximum reach.
