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3 years ago

What is the incidence of a tax?

Business

2 answers:

omeli [17]3 years ago

4 0

The final burden of tax is said to be incidence of tax.

Answer: Option B

<u>Explanation: </u>

The incidence of tax is a monetary term of division of the taxation rate between the purchaser and merchants. It is identified with the value flexibility of the interest and supply. It is a circulation of assessment and commitments, which must be secured by the purchasers and dealers.

For example when the inventory is more than request, the taxation rate falls on the purchaser and when the interest is more than supply, the taxation rate falls on the merchant.

Stella [2.4K]3 years ago

3 0

Answer:

The correct answer is option The final burden of a tax .

Explanation:

The incidence of a tax studies to whom and how the final burden of a tax will be applied.

Most people pay some form of initial tax, but that does not mean they will be affected by the final burden of a tax.

Sometimes taxes can be transferred, ranging from a small taxpayer to large companies. The incidence is who is responsible for understanding the division of taxes between each of these parties.

Given this information the correct answer is option B.

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You are a real estate owner in Bloomington Indiana and you have rented a house to students. You expect to make 6% per year on th

Lyrx [107]

Answer:

The present value of the contract is 0.5% higher if the rent is paid at the beginning of the month. That is equal to $11.28 for every $100 of rent.

Explanation:

if the rent is paid at the beginning of the month, the present value of the lease contract will be:

PV = monthly rent x PV annuity due factor

we are not given the monthly rent, but we know the PV annuity due factor for 0.5% and 24 periods = 22.67568

if the rent is paid at the end of the month, the PV = monthly rent x PV ordinary annuity factor

the PV ordinary annuity factor, 0.5%, 24 periods = 22.56287

assuming that the rent is $100 (just to calculate a %), the PV of an annuity due = $2,267.57

the PV of an ordinary annuity = $2,256.29

the difference between them = [($2,267.57 / $2,256.29) - 1] x 100 = 0.5%

7 0

3 years ago

Rust Pipe Co. was established in 1994. Four years later the company went public. At that time, Robert Rust, the original owner,

irina1246 [14]

Answer:

Rust Pipe Co.

The Percentage of the Founder's Family Votes to Class B Votes:

= Founder's Family Votes / Class B Votes x 100 = 577,775/1,747,475 x 100 = 33.-6%

Explanation:

Total votes for the Founder's Family = 52,525 x 11 = 577,775

Class B votes = 1,747,475 (1,800,000 - 52,525) x 1 vote = 1,747,475

Founders of companies who want to go public but still retain control of the entity may decide to issue two or more classes of shares in order to allocate more voting rights to some classes than the others.

In this case, while the founder's family currently held 52,525 shares representing 29.2% of the total outstanding shares, in voting rights, the founder's family has 33.6% control.

4 0

3 years ago

7. All of which are types of organizational chart except? 0 Line organizational chart Staff organizational chart O Students orga

Irina18 [472]

Answer:

WILL YOU PAY ME IF I TELL YOU THE ANSWER

Explanation:

5 0

3 years ago

A simple scoring model is used to decide among three projects that we'll call A, B, and C. The total score for project A is 30,

Flauer [41]

Answer: D) Project A is better than project B for this company at this point in time.

Explanation:

Option D is the best option because we do not know that the basis for the scoring model directly translates to earnings. The scoring of Project A at 30 does not necessarily mean that it's expected to earn those amounts of revenue and therefore triple that of Project C. We do not know because the information is not complete.

What we do know is that A has the highest score out of all projects and this is why it is better to do Project A as opposed to Project B.

4 0

3 years ago

The following changes took place last year in Pavolik Companyâ€™s balance sheet accounts:

irinina [24]

Answer:

1. $260

2. $103

Explanation:

1. Calculation to determine the net cash provided by operating activities for the year

PAVOLIK COMPANY

STATEMENT OF CASH FLOWS PARTIAL (USING INDIRECT METHOD)

FOR THE YEAR ENDED

Particulars Amount

Cash flow from operating activities

Net Income $100

Adjustments to reconcile net income to net cash provided by operating activities

Adjustment for non cash effects

Depreciation $82

Loss on sale of land $21

Gain on sale of investments -$25

Change in operating assets & liabilities

Increase in accounts receivable -$24

Decrease in inventory $58

Increase in prepaid expenses -$19

Increase in accounts payable $62

Decrease in accrued liabilities -$24

Increase in income taxes payable $29

Net cash flow from operating activities (a) $260

Therefore Using the indirect method the net cash provided by operating activities for the year is $260

2. Preparation of a statement of cash flows for the year

PAVOLIK COMPANY

STATEMENT OF CASH FLOWS (USING INDIRECT METHOD)

FOR THE YEAR ENDED

Particulars Amount

Cash flow from operating activities (a) $260

Cash Flow from Investing activities

Property,plant and equipment purchased -$395

Long term investment sold $46

Land sold $24

Net cash Flow from Investing activities (b) -$325

(-$395+$46+$24)

Cash Flow from Financing activities

Cash dividends paid -$18

Common stock purchased -$96

Bonds issued $204

Net cash Flow from Financing activities (c) $90

(+$204-$18-$96)

Net Change in cash c=a+b+c -$25

Beginning cash balance $128

Closing cash balance $103

($128-$25)

Therefore the statement of cash flows for the year is $103

4 0

3 years ago