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Anarel [89]
4 years ago
7

What gives the us government the right to collect taxes?

Business
2 answers:
irakobra [83]4 years ago
8 0
The sixteenth amendment 
Elis [28]4 years ago
4 0

1) c the u.s. constitution

2) b the tax is fairly assessed

3) b An estate is a tax on the money and property of someone who has died: a gift tax is a tax on money or property given from one living person to another.

4) c 47 percent

5) a the higher the income a person has, the highter the percentage that person pays in taxes.


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One-period pricing. Recall that since stocks have really long lives, in the video we first imagined owning a stock for only one
gulaghasi [49]

Answer:

c. $30.50

Explanation:

As rightly said, the current stock price is the present value of a dividend in one year and the expected price at the end of the year discounted at the equity cost of capital which is 12% in this case

current share price=D1+P1/(1+cost of equity)^n

current share price=$30

D1=$3.10(dividend expected in one year)

P1=unknown(price in one year)

cost of equity=12%

n=investmet time horizon=1 year

$30=$3.10+P1/(1+12%)^1

$30*(1+12%)=$3.10+P1

$33.60=$3.10+P1

P1=$33.60-$3.10

P1=$30.50

5 0
3 years ago
For Randolph Company, the following information is available: Capitalized leases $560,000 Copyrights 240,000 Long-term receivabl
Mamont248 [21]

Answer: $240,000

Explanation:

An intangible asset is an asset which lacks physical substance. While physical assets include assets like buildings, machinery and financial assets like government securities, the intangible assets are hard to evaluate and they include copyrights, patents, trademarks, franchises, goodwill, and trade names.

From the information provided in the equation, copyrights is $240,000 which is an intangible asset. Therefore, in Randolph's balance sheet, intangible asset should be written as $240,000.

4 0
3 years ago
By tying the salaries of top corporate managers to the price of the corporation's stock, corporations hope to avoid:
Serjik [45]

Answer:

the principal-agent problem

Explanation:

In the case when there is a tied of the top corporate managers salary with the price of the corporation stock so here the corporation should avoid the principal agent problem as it deals with the conflict with respect to the priorities that lies between the person and the representative.

So the above should be the answer

4 0
3 years ago
Mijka Company was started on January 1, 2018. During 2018, the company experienced the following three accounting events: (1) ea
lara [203]

Answer:

Explanation:

Income Statement

                                                $

Revenue                              32,800

Expenses                           <u> (14,600) </u>  

Profit                                  <u>  18,200  </u>

Statement of changes in stockholders’ equity

Retained Earnings :

Profit for the year                            18,200

Cash dividend paid                        <u>(2,900 )</u>

Retained earnings as at 31/12/18  <u> 15,300 </u>

Balance sheet

Current Asset :

Cash Balance ( 32,800-2900)   29,900

Stockholders' Equity :

Retained earnings                         15,300

               

6 0
4 years ago
McKean Corporation authorized 500,000 shares of common stock in its articles of incorporation. On May 1, 2019, 100,000 shares we
Solnce55 [7]

Answer:

100,000 shares and 80,000 shares

Explanation:

Calculation to determine how many shares were issued and outstanding, respectively

The shares that were issued will be 100,000 shares that were sold to the company's founders while the shares outstanding will be 80,000 shares Calculated as :

Shares outstanding=Shares issued -Shares repurchased

Shares outstanding=100,000 shares-80,000 shares

Shares outstanding =80,000 shares

Therefore the Number of shares that were issued and outstanding, respectively are:100,000 shares and 80,000 shares

6 0
3 years ago
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