Roads, schools, and
emergency services are funded by the government through the taxes.
Explanation:
Government collects taxes for the functioning of the government machineries. The reasons the taxes to be collected from the citizens of US are listed in the Article I, Section 8 of constitution of US. The three main types of taxation are as follows namely,
1. Progressive tax
2. Regressive tax
3. Proportional and flat tax.
Taxes are levied on the property, sales, income, dividends, imports, capital gains, payroll, gifts or estates. Eritrea and USA are the only countries that taxes non-residents on worldwide income as much as they tax the residents.
Answer:
Yearly rate of return=25%
Monthly rate of return=0.0187%
Explanation:
Given present amount=$12
Given Future amount=$15
Using equation

Where F is the future amount,P is the present amount and is the interest rate.
As n=12 since there are 12 months in the year and if calculate yearly n=1
15=12(1+i)^12
i=0.0187% monthly
Answer:
Gain of $1000
Explanation:
Looking at the question, it is evident that the company is using the accrual basis of accounting, hence the reporting should be done simply by showing a revenue of $5000(Proceeds) minus the carrying value given i.e. $4000.
Hence a gain of $1000.
Hope this helps you. Good Luck.
Answer:
If Jack bought 21 DVDs last year when his income was $30,000 and he buys 23 DVDs this year when his income is $35,000, then his income elasticity of demand is <u>0.571</u> which means that DVDs are a(n) <u>normal </u>good for Jack.
Explanation:
Ei = ⌂Q/Q /⌂I/I
⌂Q = 23-21 = 2
⌂I = 35000-30000 =5000
I = 30000
Q=21
Ei=⌂Q/⌂I * I/Q = 2/5000 * 30000/21 = 2*6/21 =12/21 = 0.571
The income elasticity of demand is 0.571
Answer:
Forecast Free Cashflow: $
Forecast earnings 1,031,000
Add: Depreciation 175,000
Add: Decrease in working capital <u>108,000</u>
Forecast free cashflow <u> 1,314,000</u>
Explanation:
Free cashflow is the aggregate of forecast earning, depreciation and decrease in working capital. Depreciation is added back to the forecast earnings because it does not involve movement of cash. Decrease in working capital is also added to the forecast earnings because it is an inflow of cash.