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3 years ago

Government payments to suppliers are called excise taxes. True or False

Business

2 answers:

Anna71 [15]3 years ago

3 0

The answer to your question is TRUE

Sunny_sXe [5.5K]3 years ago

3 0

Answer: True

Government payments to suppliers are called excise taxes.

Explanation:

Excise taxes are indirect taxes that apply to certain goods (products), services, and activities. They are referred to as indirect taxes because the manufacturer of the products or services charge the purchaser tax for the product or service and later pass the payment on to the government. The revenue generated from excise taxes is used for specific needs in the society.

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The following information is available for Blue Spruce Corp. for 2021:

Andru [333]

Answer:

Other Comprehensive income = $37,500
Comprehensive income = $154,500

Explanation:

Other comprehensive income:

= Realized gain on sale of available-for-sale debt securities + Unrealized holding gain arising during the period on available-for-sale debt securities - Reclassification adjustment for gains included in net income

= 11,000 + 34,000 - 7,500

= $37,500

Comprehensive income = Net income + Other comprehensive income

= 117,000 + 37,500

= $154,500

6 0

3 years ago

Which is an example of a short-term investment

Alenkasestr [34]

Money market accounts

3 0

3 years ago

You just deposited $6,500 in a bank account that pays a 4.0% nominal interest rate, compounded quarterly. If you also add anothe

yarga [219]

Answer:

The correct answer is $20,543.17.

Explanation:

According to given scenario, the given data are as follows:

1st Payment (Pmt) = $6,500 for 12 Quarters

Interest rate = 4%

2nd payment = $5,000 for 8 Quarters

3rd payment = $7,500 for 4 Quarters

So, future value can be calculated as follows:

FV = 1st PV (1 + r )^n + 2nd PV (1 + r )^n + 3rd PV (1 + r )^n

FV = $6,500 × ( 1 + 4%/4)^12 + $5,000 × (1 + 4%/4)^8 + $7,500 × (1 + 4%/4)^4

= $6500 × (1.01)^12 + $5,000 × (1.01)^8 + $7,500 × (1.01)^4

= $7,324.36 + $5,414.28 + $7,804.53

= $20,543.17

Hence, the correct answer is $20,543.17.

5 0

3 years ago

Tim and Mike work for a broker who tells them to call their clients and inform them whenever their investments gain or lose 3% o

natulia [17]

<span>Obviously, the broker is subtly encouraging their clients to buy more stocks. Particularly, when they call with news of stocks that rose more than 10 percents, this will probably motivate people to think the stock is doing well and they want to "get in on the action" while they still can. Even if their calls when a stock goes below 3 percent might encourage some people to sell, the increase of three percents (combined with the 10 percent calls) would definitely be influence to buy.</span>

4 0

3 years ago

The staff at a small company includes: 4 secretaries, 20 technicians, 4 engineers, 2 executives, and 50 factory workers. if a pe

lawyer [7]

Total staff = 4 + 20 + 4 + 2 + 50 = 80
P(Factory Worker) = 50/80 = 5/8

Answer: 5/8

8 0

3 years ago