Answer:
The correct answer is letter "B": can be viewed as negative tax payments, T.
Explanation:
In the U.S., government transfer payments or simply called transfer payments are local, state and federal payments the government sends to individuals enrolled in social programs such as the Social Security, Medicaid or unemployment welfare.
<em>They are considered negative tax payments since the funds used comes from taxpayers but it is not redistributed to investments of public interest. </em>However, income received by individuals in need from the government is taxed, too.
Answer:
$38,000
Explanation:
The accounting equation shows the relationship between the various elements of the balance sheet which are assets, liabilities and equity. The equation is as shown below;
Assets = Liabilities + Equity
At the beginning of 20x6
$25,000 = liabilities + $16,000
Liabilities = $25,000 - $16,000
= $9,000
If liabilities increases by $8,000
At the end of 20x6,
Liabilities = $9,000 + $8,000
= $17,000
Total Assets = $17,000 + $21,000
= $38,000
Answer:
Option D. Has the effect of increasing net income by the same amount of the capitalized costs.
Explanation:
The reason is that the capitalized costs are the invesments in any assets whose useful life is more than one year and must be depreciated over useful life of the assets. If a expense nature cost is capitalized which must not be capitalized according to IAS 16 Porperty, Plant & Equipment then the expenses are understated which means that the profits are overstated. This means that presenting expenses as assets will increase the profits as costs will be fewer in amount presented in the financial statements.
Answer:
<u>4375</u> pizzas have to sell to breakeven.
Explanation:
Given:
If we sell pizzas for $11.99 and our business' variable costs are 60% of the selling price, and we have fixed costs of $21,000 each month.
Now, to find pizzas to sell to breakeven.
Fixed costs = $21,000.
Sale price = $11.99.
Variable costs:
60% of the selling price.
Now, to get the number of pizzas to sell to breakeven we put formula:
<u><em>Breakeven = Fixed Costs ÷ (Sale price – Variable costs ) </em></u>
Therefore, 4375 pizzas have to sell to breakeven.
Answer: Public tort
Explanation: In simple words, public tort refers to the minor breach of contract by an individual. It is considered as a civil offense but still the acts under this act carries a criminal punishment.
In the given case, Hal did not make the elevator inspected in the seventh story for two years, however all other were inspected as per the rules. Thus, we can conclude that he breached the rule on a small level.
Hence from the above we can conclude that his offense would be classified as public tort.
