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2 years ago

Which of the following statements about taxes is FALSE?

Business

2 answers:

enot [183]2 years ago

5 0

States dont collect income tax the government does so B

rewona [7]2 years ago

4 0

Answer: The answer is B: Some states don't collect tax.

Explanation:

Taxes are compulsory levies imposed on individuals by the government. It also refers to the money an individual pay to the government in order to provide public services. Taxes are levied to raise revenue for government expenditures. Taxes are used to construct and maintain good roads, build school, provide good sewage system, provide defence, electricity and so on.

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Marvin Gaye's song "Gotta Give It Up" was protected by ___________ .

monitta

Answer:

d. not selected option d copyright

6 0

3 years ago

Read 2 more answers

Rebel Sound Inc. produced 30,000 audio devices last month. Rebel started the month with $10,000 worth of inventory in Finished G

Arada [10]

Answer:

$120,000

Explanation:

Step 1 Prepare a Cost of Manufacturing Schedule

Materials ($50000-$6,000) $44,000

Various utility and rent charges on factory $15,000

Salaries and Wages $60,000

Other Costs(Balancing figure) $35,000

Less Work in Process ($24,000)

Cost of Goods Manufactured $120,000

Step 2 Prepare a cost of Goods Sold Schedule

Opening inventory in Finished Goods $10,000

Add Cost of Goods Manufactured $120,000

Less Closing inventory in Finished Goods ($5,000)

Cost of Goods Sold $125,000

7 0

3 years ago

Suppose that an increase in production costs decreases the supply of wheat, such that less wheat is supplied at each price level

a_sh-v [17]

Suppose that an increase in production costs decreases the supply of wheat, such that less wheat is supplied at each price level. After the decrease in supply, the equilibrium price will increase. This is to maintain equilibrium between the supply and demand. When there is a decrease of supply with a constant demand, then the equilibrium price will increase in order to maintain the cycle of money of the economy.

3 0

3 years ago

Between April 2011 and April 2016, the price of a U.S. postage stamp increased from $0.41 to $0.46. The price of a U.S. postage

koban [17]

Answer:

The price of a U.S. postage stamp has increased approximately 63% in terms of Indian rupees and 10% in terms of Chinese yuan.

Explanation:

the exchange rate between the US dollar and the Indian rupee:

April 2011 = 45.54 Indian rupees per dollar x $0.41 = 18.67 Indian rupees

April 2016 = 66.16 Indian rupees per dollar x $0.46 = 30.43 Indian rupees

change in Indian rupees = (30.43 - 18.67) / 18.67 = 63%

the exchange rate between the US dollar and the Chinese yuan:

April 2011 = 6.61 Chinese yuan per dollar x $0.41 = 2.71 Chinese yuan

April 2016 = 6.48 Chinese yuan per dollar x $0.46 = 2.98 Chinese yuan

change in Chinese yuan = (2.98 - 2.71) / 2.71 = 10%

8 0

3 years ago

Below are amounts (in millions) from three companies' annual reports. beginning accounts receivable ending accounts receivable n

marishachu [46]

Answer: Figures are not in millions ('000)

Explanation:

Formula

Receivable turnover ratio(RTR)= Net credit sales/Average account receivable

Where average account receivable((AAR)

AAR=opening receivable+closing receivable/2

Average collection period=365/Receivable turnover ratio

WALCO

Average receivable=1785+2732/2

AAR=4517/2

AAR=$2258.5

Turnover ratio=319427/2258.5

Receivable turnover ratio=141.43 times

ACP=365/141.43

Average collection period=2.58 days

TARMART

Average receivable=6016+6544/2

AAR=12560/2

AAR=$6280

Turnover ratio=64878/6280

Receivable turnover ratio=10.33 times

ACP=365/10.33

Average collection period=35.34 days

COSTGET

Average receivable=599+635/2

AAR=1234/2

AAR=617

Turnover ratio=65963/617

Receivable turnover ratio=106.87 times

ACP=365/106.87

Average collection period=3.42 days

Average collection period is the number of days it takes for credit sales to be paid.

5 0

2 years ago