Main purpose or taxes is to

1 answer:

4 0

The primary purpose of taxation is to raise revenue to meet huge public expenditure. Most governmental activities must be financed by taxation. But it is not the only goal. In other words, taxation policy has some non-revenue objectives. so the answer is A.

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Assume you receive a 3.5% raise in your 2014 salary for 2015. In addition, suppose the CPI was 238 in 2014 and 240 in 2015. Your

GalinKa [24]

Answer: a. increased

Explanation:

Inflation rate = (CPI of second year - CPI of the first year ) / CPI of the first year

= (240 - 238) / 238

= 0.84%

Your wage increased by 3.5% which is more than inflation so your real wage increased by;

= 3.5 - 0.84

= 2.66%

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2 years ago

Select the incorrect statement regarding costs and expenses.

egoroff_w [7]

Answer: Option C

Explanation: In simple words, expenses refers to outflow of money from the pockets or account of any individual or an entity with the objective of acquiring or producing something.

Manufacturing cost refers to the amount of resources that were out flowed the organisation while producing a good or service. Since the resources are getting out flowed, these costs are always recorded as expense over the operational life of the entity.

Labor cost, electricity bill of machines and purchase cost of raw materials etc are some of many examples of manufacturing cost.

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2 years ago

Suppose HP’s minorities work at a multicultural plant, which provides a comfortable learning environment before they are assigne

artcher [175]

Answer:b. Resource acquisition

Explanation:Resource Acquisition focuses on defining the needs for the project, and obtaining the right resources for the team and other resources and tools available to manage the effort.

Acquiring resources is the process of securing team members, equipment, materials or other resources required to deliver the project. The key input to acquiring resources is the project plan. The Acquire Resources process is repeated at several stages throughout the project as the need arises.

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2 years ago

On June 1, $50,000 of treasury bonds were purchased between interest dates. The broker commission was $500. The bonds pay intere

timurjin [86]

Answer:

$50,500

Explanation:

The investment treasury bonds account must be debited by $50,500 which includes the face value of the bonds ($50,000) and the broker's commission ($500). Investment accounts only record the purchase price of the bonds, they do not record any accrued interests.

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2 years ago

If nominal gdp is $12 trillion and real gdp is $10 trillion, then the gdp deflator is

Juli2301 [7.4K]

If nominal gdp is $12 trillion and real gdp is $10 trillion, then the gdp deflator is: 120, and this indicates that the price level has increased by 20 percent since the base year.

GDP deflator reflect the effects of new prices to the product that produced domestically.
It calculated with this equation:

GDP Deflator = GDP Nominal/Real GDP x 100

= 12 Trllion /10 Trillion x 100
= 120

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2 years ago