Proportional tax is what we call the tax that is set
to be fixed, regardless of what an individual’s taxable base amount is. An example
of such a tax is sales tax, which remains the same for all income levels.
Answer: $2,940,000
Explanation: Weighted Average Accumulated Expenditure is the product of the amount incurred multiplied by the no of months its being capitalised.
on March 1st $ 2,520,000 was incurred = 10/12*2,520,000=2,100,000
on 1st June $1,680,000 was incurred = 6/12*1,680,000= 840,000
on 31st December $4,200,000 was incurred = 0/12*4,200,000=0
Total Weighted Average Accumulated Expenditures = 2,100,000+840,000
= $2,940,000
Answer:
b. Useful to capital providers.
Explanation:
Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.
The objective of financial reporting include all of the following to provide information that:
1. Is useful to those making investment decisions. This information would help creditors to determine whether they should lend to a client or not; or assist investors in deciding whether they should invest in a business or not.
2. Is useful to those lending out money to business entities. When investors and creditors are well furnished with financial information about an organization, they would be able to assess the amounts of cash, timing, and uncertainty of cash flows from dividends or interest.
3. Is useful to creditors in making decisions about providing resources to business entities.
<em>Hence, the primary objective of financial reporting is to provide information useful to capital providers.</em>
Additionally, financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining financial accounting and reporting standards for general guidance of individuals or capital providers such as investors, issuers and auditors.
Answer:
A
Explanation:
Envelopement in business is defined as the entrance of the producer of a particular line of product into another market , incorporating the features of the new product into its already existing line to achieve a multi-platform.
This is especially common to the producer of mobile phones as they can now have features of music and video players incorporated into mobile phones.
In these scenario, the smartphone and music players manufacturer began to offer video recording features , taking over the benefit provided by Pure gear's offering.
In this situation , it will be cheaper and even more portable to use a video recorder and a smart phone . This apparently was the threat to the survival of the Flip video recorder in the market
According to my conclusion, Ling's can be blamed for carelessness. By definition, a tort of carelessness happens when somebody endures damage on account of another's inability to surrender over to a required obligation of care. In our case, by owning an open space, the administration is at risk to ensure that clients and workers have a protected domain. The supervisor realized that the water on the floor may be a potential safety risk and did not take any measures to caution the client. So, this way, the chief broke the obligation of care. Kim endured legitimately unmistakable damage (in the event that she got a specialist's note) caused by the director's carelessness.
