This is called the withholding tax or income tax. Every employee has to pay tax for every income made which is directly credited by the employer for the government. Withheld tax within the year is reflected in the Income tax return alongside with other income and assets where then you can apply for exceptions or discounts. If withheld tax is over the supposed tax then it will be refunded.
Answer:
The assets turnover ratio for 2020 is 1.10 times.
Explanation:
The assets turnover ratio is calculated by dividing the Net sales by the average total net assets. This ratio tells us the efficiency of a company's assets in generating sales. The ratio tells how much $ sales are generated for each $1 of the asset.
The formula for Assets turnover = Net Sales / Average net total assets
The average net total assets = (200000 + 340000) / 2 = $270000
The assets turnover for 2020 = 297000 / 270000 = 1.10 times
Answer:
A. No, this was a unilateral mistake of fact by Sid.
Answer:
High availability.of cheaper labour
Explanation:
An emerging market is defined as one that does not meet the standards of a fully developed market. For example in the area.of labour cost there is no standard set for it.
So companies can get cheap labour from these economies.
Companies like Apple and Nike have used cheap labour from emerging countries to reduce their cost of production.
Manufacturing bases are established in relatively poorer economies where the workers are willing to work for cheap wage
Answer: Local- content laws
Explanation: In simple words, these refers to the rules and regulation made by the government requiring foreign firms to use domestic resources if they want to operate in that economy.
In the given case, Thailand requires foreign companies selling milk products to use domestically produced milk for their production.
Hence from the above we can conclude that the economic risk involved is regarding to local content laws.
