Someone please help me thank u

pickupchik [31]

On what you have to be more espesific

4 0

3 years ago

Public aid is given the water carriers in the form of waterway construction, development and maintenance. How do the water carri

alex41 [277]

Answer:

By paying user charges in the form of lock fees and fuel taxes.

Explanation:

The water carriers in repaying the government for the water way construction aid received do this by paying user charges in the form of lock fees and fuel taxes.

7 0

3 years ago

Mark or Make is a bourbon distillery. Sales have been steady for the past three years, and operating costs have remained unchang

schepotkina [342]

Answer:

a. No allocation

2019 2020 2021

Gross Profit on Sales 350,000 349,000 351,000

Less: Operating Expense 210,000 210,000 210,000

Gross Revenue 140,000 139,000 141,000

Rent (Prepaid) 0 0 0

Revenue after Rent paid 140,000 139,000 141,000

Less: Corporate Taxes at 30% 42,000 41,700 42,300

Net Income $98,000 $97,300 $98,700

Considerations for No Allocation

- Taxes are to be deducted from Gross Profit.

- Rent not to be deducted from Gross Profit.

b. Comprehensive Allocation

2019 2020 2021

Gross Profit on Sales 350,000 349,000 351,000

Less: Operating Expense 210,000 210,000 210,000

Gross Revenue 140,000 139,000 141,000

Rent (Prepaid) 60,000 60,000 60,000

Revenue after Rent paid 80,000 79,000 81,000

Less: Corporate Taxes at 30% 24,000 23,700 24,300

Net Income 56,000 55,300 56,700

Considerations for Comprehensive Allocation

- Taxes are to be deducted from Gross Profit.

- Rent is to be deducted from Gross Profit.

c. No allocation distorts Mark or Make’s Net Income for all three years. This is because if Rent is not allocated taxes will be calculated on Gross Revenue. That is to say, Rent is a Non-Operating Expense and hence is to be deducted from Revenue to Calculate the Taxes. When Revenue is reduced, obviously, the taxes will be reduced. Hence, less income is seen in Comprehensive Income Statement and more Revenue is seen in Simple - Non Comprehensive Statement.

4 0

3 years ago

Taxes levied on the sale, manufacture or use of specific items such as liquor, cigarettes, and gasoline are known as

Tasya [4]

Taxes levied on the sale, manufacture or use of specific items such as liquor, cigarettes, and gasoline are known as selective sales taxes, as well as excise taxes.
So, there aren't taxes on a whole bunch of products, but rather on a selected few, which (in the case of alcohol and cigarettes) are considered detrimental to the society and thus people who want to use them have to pay a little bit more in order to have that commodity.

3 0

3 years ago

What is transactions amount

Alina [70]

Do you got a picture or something

4 0

2 years ago

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