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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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An esop: allows an owner to transfer all or part of his company to the employees as gradually or as quickly as he chooses. works

Serggg [28]

All the options given above about ESOP are TRUE. ESOP is an acronym for Employee Stock Ownership Plan. ESOP is an employee benefit plan designed as an investment stock shares in the sponsoring employer's company. In this type of arrangement, the company has the liberty to transfer the company to its employees at its own discretion. ESOP is only practicable in companies whose pre-tax profits is greater than $100,000 and whose employees are at least twenty in number.

3 0

3 years ago

You can buy property today for $3 million and sell it in 5 years for $4 million. (You earn no rental income on the property.) (L

kolbaska11 [484]

Answer:

a) Present Value of sales = $2,722,332.78

b) Property is not attractive. NPV$ (277,667.21)

c) Property is attractive. NPV-$520,874.79

Explanation:

The present value of the property

PV = S× (1+r)^(-n)

S- Sales value

r- interest rate -8%

n- number of years

PV - present value

PV = 4,000,000× 1.08^(-5) = $2,722,332.78

b. Is the property investment attractive to you?

We calculated the PV of the investment as follows

NPV = PV of sales value - initial cost

= 2,722,332.78 - 3,000,000=$ (277,667.21)

The property investment is not attractive because it will produce a loss in capital i.e negative NPV

To determine we will calculate the NPV again with considering the additional rental income

PV of annual rent = 200,000 × (1-1.08^(-5))/0.08= 798,542.00

NPV = 798,542.00 + 277,667.2119 - 3,000,000 =520,874.79

The property is attractive as it produces positive NPV

8 0

4 years ago

The chief executive officer and chief financial officer of the Blue Willow Food Service Corporation must personally certify that

Anna007 [38]

Answer:

a. True

Explanation:

Corporate governance in simple terms refers to a system by which corporate firms are governed and run.

Such a system involves taking care of the interests of all the stakeholders of a company which would include it's shareholders, suppliers, employees, investors or users of financial statements, etc.

Corporate governance is a wide term and encompasses abidance to rules and laws, adoption of fair and sound organization policies, protection to whistle blowers and ensuring compliance with true and fair view and reporting requirements of financial statements.

In the given case, when chief executive officer and chief financial officer both are required to certify financial statements accuracy, it means that such a requirement increases the accountability of those charged with governance and at the same time boosts the reliability of such statements to the end users.

6 0

4 years ago

Martin has 5 tickets to Cartoon Characters on Ice. They cost him $16.50 each, plus $2.50 in handling per ticket, and $12 in ship

Monica [59]

Answer:

$107

Explanation:

Total cost = Fixed cost + variable cost

(16.50 + $2.50 ) × 5= $95

$95 +$12 = $107

I hope my answer helps you

5 0

4 years ago

Making Inferences Why do you think governments want to influence the supply of alcohol and tobacco products by imposing excise t

Alexeev081 [22]

The main reason why governments want to influence the supply of alcohol and tobacco products by imposing excise taxes is because the health issues involved with these products affects entire nations, so they want to dissuade people from using them.

5 0

4 years ago