Answer:
everyone is willing to pay the taxes to receive the benefits.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
A Lindahl equilibrium can be defined as an economic state in which there is a production of an optimal quantity of public goods and the cost of these goods is shared in a fair manner among everybody. It was developed by Erik Lindahl.
In a Lindahl equilibrium everyone is willing to pay the taxes to receive the benefits.
Answer:
$4,000 favorable
Explanation:
The computation of the material quantity variance is shown below:
= Standard Price × (Standard Quantity - Actual Quantity)
= $5 × (2 pounds × 6,000 units - 11,200 pounds)
= $5 × (12,000 pounds - 11,200 pounds)
= $5 × 800
= $4,000 favorable
Simply we deduct the actual quantity from the standard quantity and the difference is multiplied with the standard price so that the correct variance can be computed
Answer:
The method the parent use will have no effect on consolidated total because it is only for internal reporting purpose.
Explanation:
Paar's equipment book value—12/31/15 of $294,000
Add Kimmel's equipment book value—12/31/15 of $190,400
Add Original acquisition-date allocation to
Kimmel's equipment of ($400,000 − $272,000) = $128,000
Less Amortization of Allocation
($128,000/10 years * 3 years) = ($38,400)
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Equals Consolidated Equipment of $574,000
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The method the parent use will have no effect on consolidated total because it is only for internal reporting purpose.
