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KengaRu [80]
3 years ago
9

with reference to relevant legislation , case law, and secondary sources briefly explain different functions of taxation

Business
1 answer:
svetlana [45]3 years ago
8 0

Answer:

Tax is a statutory obligation to pay an amount to the state or other public body, which is imposed on a person or company on the basis of their activities, without a direct connection to consideration from the payee. The main purpose is usually to finance the public sector. The tax can also have other purposes, such as equalizing income or influencing people's actions with the help of financial incentives.

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Kenner company produces two products: SR200 and TX500. Budged sales for four months are as follows;
NARA [144]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Budgeted production TX500

May 20,000

June 32,000

July 39,000

August 46,000

TX500 should have 40% of next months sales in ending Inventory. On May 1, there were 9,000 units of TX500.

Production for June:

Sales= 32,000 units

Ending inventory= (39,000*0.40)= 15,600

Beginning inventory= (32,000*0.4)= 12,800 (-)

Total= 34,800 units

8 0
3 years ago
Zach is very concerned about how others view him. he spends a great deal of time strategically choosing clothing and other produ
allochka39001 [22]
Impression management is the process he is involving in.
8 0
4 years ago
What term defines the prescribed forms and practices of appropriate behavior?.
Anastaziya [24]

The term that defines the prescribed forms and practices of appropriate behavior is called etiquette.

<h3>What is etiquette?</h3>

Etiquette are behavior expected to be complied with people. It means acceptable standard of behavior in the society.

Hence, the term that defines the prescribed forms and practices of appropriate behavior is called etiquette.

Learn more about etiquette here : brainly.com/question/5718637

#SPJ1

4 0
2 years ago
Garcia Company issues 11.5%, 15-year bonds with a par value of $450,000 and semiannual interest payments. On the issue date, the
noname [10]

Answer:

                                  Journal Entry

Date   Account Titles and Explanation         Debit          Credit

Jan 1   Cash                                                    $511,875

                Bond payable                                                  $450,000

                Premium on bond payable                             $61,875

                ($450,000*13.75%)

           (To record issue of bonds at premium)

4 0
3 years ago
Cost is most plainly visible when spending more money on one thing means that less money can be spent on another thing. True or
SSSSS [86.1K]

The given statement about cost is a true statement as cost becomes most obvious when more money must be spent on one thing, leaving less available for another.

<h3>What is the cost?</h3>

A cost is often the value of the money that was expended during the production or delivery of something or service and is now unavailable for use.

Manufacturing, research, retail, and accountancy all make use of this idea. In business transactions, the cost may be an acquisition cost, in which case the amount of money spent to acquire it is considered to be part of the cost.

Finally, cost becomes most apparent when more money spent on one thing leaves less money for another. This corresponds to a true statement.

As a result, opportunity cost describes a decision we must make in order to make another one.

You have $50, for instance, which you may spend on a date with your partner or on your preferred game. The inability to purchase the game is your opportunity cost if you decide to utilize that money to take your partner out on a date.

Check out the link below to learn more about costs;

brainly.com/question/28343978

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6 0
1 year ago
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