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3 years ago

Does the reserve banks determine tax rates?

1 answer:

4 0

The most straightforward way to calculate effective tax rate is to divide the income tax expenses by the income earned before taxes. For example, if a company earned $100,000 and paid $25,000 in taxes, the effective tax rate<span> is equal to 25,000 / 100,000 or 0.25.

I hope my answer has come to your help. God bless and have a nice day ahead!

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The following information pertains to Carla Vista Company.

Setler [38]

Answer:

Bank account reconciliation:

Bank account balance $7,738

+ Deposits in transit $3,110

<u>- Outstanding checks $696 </u>

Reconciled bank account $10,152

Cash account reconciliation:

Cash account balance $7,774

+ Note (or account) collected $2,426

Reconciled cash account $10,152

Adjusting journal entries:

July 31, 202x, bank fees expense

Dr Bank fees expense 48

Cr Cash 48

July 31, 202x, bank fees expense

Dr Cash 2,426

Cr Notes (or accounts) receivable 2,426

3 0

3 years ago

Coffee accounts for at least 50 percent of the revenue that Uganda and Burundi earn from their exports. This reliance on one com

Ahat [919]

The reliance on one commodity explains why they are classified as a peripheral economy.

<h3>What is a peripheral economy?</h3>

A peripheral economy is an economy that relies on either one commodity or a few commodities. As a result, these types of economies are extremely vulnerable to fluctuations in price and demand of that commodity.

To learn more about exports, please check: brainly.com/question/14099857

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4 0

2 years ago

Stryder, Inc. has 3 million shares outstanding at a current price of $15 per share. The book value of the shares is $10 per shar

pentagon [3]

Answer:

$75.3 million

Explanation:

Data provided in the question:

Shares outstanding = 3 million

Current price = $15 per share

Value of Bonds = $30 million

Selling price of bonds = 101% of par

Now,

Market Value of the firm = Market Value of shares + Market Value of bonds

Market Value of the firm = ( 3 million × $15 ) + ( $30 million × 101% )

Market Value of the firm = $ 45 million + $30.3 million

Market Value of the firm = $75.3 million

5 0

3 years ago

If businesses follow regulations, financial disasters are far less likely.

lys-0071 [83]

Answer:

True

Explanation:

All businesses, regardless of type or size, must abide by statutes and regulations. Laws comes from all levels of government. Some laws apply to specific sectors, but the majority addresses the entire industry.

Regulations deal with business registration, licensing, and employee compensation. Laws related to professional bodies such as lawyers or doctors must be adhered to by relevant businesses. Governments impose regulations on taxation, statutory deduction, and safety in the workplace.

Following regulations protects the customers, employees, and businesses. An employee who follows the law knows what is expected of them. Following rules will save the company from lawsuits. Employees will feel confident and motivated when they work for a company that follows the law.

Not following the law will cause problems with the tax authorities. It may lead to misrepresentation of financial records or expose employees to hazardous work environments. Such a business will most likely face may lawsuits that come along with huge costs. Not following the law may lead to the collapse of a company.

6 0

4 years ago

Which of the following items is not a part of planning?

Savatey [412]

E. Objectional plan is the answer

4 0

3 years ago

Read 2 more answers