The three types of gross private domestic investment include all final purchases of machinery, equipment, and tools; all construction; and changes in business inventories.
Private fixed investment and alternate in private inventories. it's far measured without a deduction for consumption of constant capital (CFC), consists of replacements and additions to the capital inventory, and excludes investment via U.S. citizens in other nations.
Gross private domestic investment includes the development of nonresidential systems, the production of equipment and software, non-public residential construction, and modifications in inventories.
Gross domestic private investment, as described in country-wide income accounts, could encompass the subsequent, except the government construction of recent highways and dams.
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Municipal tax is also known as the property tax or house tax. The state collects taxes from a variety of sources, including inheritance taxes, natural resource forfeiture taxes, and gambling taxes, but the majority of its revenue comes from two sources: income taxes and sales taxes.
A good tax system must meet its five basic requirements: fairness, adequacy, simplicity, transparency, and manageability. Opinions differ on what constitutes a good tax system, but the general consensus is that these five elements should be maximized.
There are two types of taxes direct taxes and indirect taxes. Both tax implementations are different. Some are paid directly, such as damage income tax, corporate tax, and property tax, while others are paid indirectly, such as consumption tax, service tax, and value-added tax.
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Answer:
Mauricio invested $30,000 in Pizza Aroma in exchange for its stock. Pizza Aroma now has <u>$30,000 IN COMMON STOCK</u> under shareholders' equity.
Explanation:
Mauricio invested a certain amount of money in exchange for common stock of a small corporation, Pizza Aroma. Corporations are legal entities that operate separately from its owners or stockholders.
Usually a small business like Pizza Aroma would be a sole proprietorship or a partnership, at least at the beginning when it just started to operate. But the main advantage of a corporation is that it limits owners liability to the amount invested in stocks, therefore if the business fails, the most Mauricio can lose is $30,000. While sole proprietors and partners have unlimited liability, which means that they are legal liable for all the debts and obligations of the business. The main disadvantage of corporations is that they are double taxed, that means that the corporation pays corporate taxes and the owners pay income taxes also.
Answer:
c. $3,750
Explanation:
Green Thumb Company provides two years warranty for any product defect. The provision needs to be made for the warranty expense and it should be reported in the balance sheet as warranty liability. The company budgets the warranty expense to be 2% in year of sales which is $2,400 ($120,000 * 2%) and 3% in the year after sale which is $1,350 ($45,000 * 3%). The total warranty liability for the year 2017 which will be reported at December 31, 2017 is $3,750.
