1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lara [203]
3 years ago
13

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.

You might be interested in
When the allowance method is used to account for uncollectible accounts, Bad Debts Expense is debited when A. a customer’s accou
MaRussiya [10]

Answer:

Option D. management estimates the amount of uncollectibles

Explanation:

When the company estimates the bad debts, reflects it in the balance sheet through a Debit entry in the Bad Debt Expenses againts the asset account Allowance for Doubtful Accounts as a Credit.

When the bad debt are confirm as uncollectible the loss is reflected in the Account Receivable as a Credit with the correspondent debit entry in the Allowance for Doubtful Accounts.    

7 0
3 years ago
3. Bob, a minor, contracted with Pioneer Temporary Staffing Agency, LLC, an employment agency, for the agency to find a job for
svp [43]

The agency's position is that Bob had already signed a contract, and that the contract included a placement fee due to the fact that Bob was able to find this job through the agency. On the other hand, the position that Bob would most likely argue is that he is a minor. As a minor, Bob is allowed to disaffirm his contract. Therefore, Bob is likely to win in this dispute.

3 0
3 years ago
1. Assume that the money demand function is (M / P)d = 2,200 – 200r, where r is the interest rate in percent. The money supply M
Wittaler [7]

Answer:

r= 3

Explanation:

Due that the level price does not changed, the first thing that you have to do to find the equilibrium is put the two equations with an equal

Money demand =Supply of money

2,200 – 200 r= 2,000

Now you have to find the value of r and you have to clear the formula and first you have to:

2,800- 2,200 = 200r

Now that you have the number together you have to apply the operation

600 = 200r

As the 200 is multiplying the r you have to pass the 200 to divided the 600

r= (600/200)

r= 3%

The interest rate is 3%

3 0
3 years ago
Kristi's Pottery sold 200 tiles at $25.00 each to a charge customer, terms 1/10, n/30. Which entry is required to record this tr
loris [4]
Debit Accounts Receivable $5,000; credit Tile Sales $5,000
4 0
3 years ago
Read 2 more answers
Ivanhoe provides environmentally friendly lawn services for homeowners. Its operating costs are as follows. Depreciation $1,500
Sonbull [250]

Answer:

Explanation:

To start with, we need to get the value for total fixed cost and total variable cost

Total fixed costs = Depreciation + Advertising + Insurance

= $1,500 + $350 + $2,770

= $4,620

Total variable costs per unit = Weed and feed materials + Direct labor + Lawn Fuel

= $17 + $9 + $2

= $28 per lawn

We also need to compute the contribution margin ratio

= Sales per unit - Variable cost per unit / Sales per unit

= (70 - 28) / 70

= 0.6

= 60%

Therefore;

1. Break even sales

5 0
3 years ago
Other questions:
  • The clarity and tone of a message are improved when you use positive and courteous language.
    15·2 answers
  • It's important to note that sometimes private solutions to externalities do not work. For example, this occurs when an excessive
    5·1 answer
  • A local man saved someone from drowning in a lake. Which career professional would travel onsite to get the facts of the story?
    13·2 answers
  • The Zoom Slingshot Company’s marketing department conducts a customer satisfaction survey. It discovers that one of its slingsho
    6·1 answer
  • If everyone using the same equipment performs poorly, the tendency is to attribute any one person’s poor performance to ________
    15·1 answer
  • 1-year Treasury bill yield is 3.5%. 10-year Treasury bond yield is 4.5%. Expected rate of inflation embedded in both the Treasur
    14·1 answer
  • Generally, parties of 8 or more require many restaurants to include gratuity of 18% on the check before presenting to the guest.
    12·1 answer
  • The worst possible consequence of conflict is ______. A. Stress b. Hurtful words c. Damaged relationships d. Violence.
    13·1 answer
  • a firm installs 1500 air conditioners which need to be serviced every six months. the firm can hire a team from its logistics de
    5·1 answer
  • The controlled breeding of domestic plants and animals by humans to produce certain physical traits in those organisms is called
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!