ANSWER: Indirect and Regressive
EXPLANATION: The Sales Tax is a tax which is imposed by the government on the sale of products and services. This tax is both Indirect and Regressive in nature.
Sales Tax is indirect because it is imposed by the government but are collected by the seller or the manufacturers (also known as Intermediary) on behalf of the government from the consumers. The intermediary then passes on the tax to the government.
Sales Tax is also regressive in nature as it imposed uniformly on the consumers regardless of the economic condition of the buyer. The term 'Regressive' means that the tax distribution pressure decreases as the buyer's income goes higher. The tax burden will be higher for low income group people and will be lower for high income group people.
Answer:
Prepare the year-end closing entries.
Explanation:
d Sales revenue 841310
d Interest revenue 14260
c Cost of goods 531407
c administrative expense 181980
c Income tax expense 37617
c Retaining earnings 104566
Retaining earnings 18198
Dividens payable 18198
Answer:
b. Allowed if the rest of the shoe was of a contrasting color
Explanation:
We have to go through the options
Like in first option it says that it could not allowed plus it cant be trademarked as the color should be trademarked plus it is a brand and it also protected
The third option is incorrect as it is not relevant for the red sole case
Therefore option b is correct as it shows the contrasting color
Answer: The answer is given below
Explanation:
The cash flow statement is a vital aspect of the financial statement that is provided by every organization as it is useful in knowing helps the cash flows from investing, operating, and the financing activities. The cash flow statement is useful in understanding the movement of cash for the year, vital when making business decisions and also helps to measure liquidity of a company.
During the current pandemic that has stalled productive activities at most organizations, maintaining liquidity is very vital. One way of maintaining liquidity during this period is for a firm to have enough cash that will be necessary to maintain and keep the business running. Thia can be done by reviewing the current assets of the firm and looking at those that can be converted to cash and used on immediate basis. Also, in case the firm has marketable securities, such firm can sell the securities on order to maintain liquidity.
Answer:
The correct answer is: the acquisition of the products.
Explanation:
To begin with, in the USA and in other countries as well, the laws that prevent the damage of the consumer by taking care about the competition, avoiding monopolies and regulating as well those two main factors, encourage the fact that most of the people could afford most of the goods that in the past may have been privileges. Moreover, by protecting the competition the governments ensure the fact that substitutes are developed for every product possible and therefore if more goods are available in the market then the most of the people would have access to them.
