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2 years ago

What are the features of direct tax

Business

1 answer:

sesenic [268]2 years ago

3 0

Answer:

Advantages of Direct Taxes.....

:) Promotes equality. ...

:) Promotes certainty. ...

:) Promotes elasticity. ...

:) Saves time and money.

Explanation:

hope it was helpful....

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Which two values roll up the hierarchy to the manager for both Customizable and Collaborative Forecasts?

prohojiy [21]

Answer:

The correct answer are Expected revenue and Opportunity amount.

Explanation:

The term "expected revenue" refers to the expected amount of money that the company will obtain from sales, services and additional revenue streams. The term "income" includes all the money earned before dividing it into wages, compensation, marketing expenses and so on. In other words, revenue refers to all funds obtained by a company before deductions.

On the other hand, the amount of opportunity refers to the effective control of an organization that must take corrective action in time if necessary, since they must be applied in time, before a large deviation from the planned objectives with in advance Therefore, the information provided by a Management Information System must be available in time to act on it.

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2 years ago

You just won the lottery and after taxes you have $32,000. You want to have $1,000,000 by the time you are 65, which is 45 years

kogti [31]

Answer:

$20.692.24 must be invested

Explanation:

The amount to be invested today is the present value of $1,000,000 discounted at 9%.

PV = FV× (1+r)^-n

<em>PV - present value , FV- Future value , r- rate of return, n- number of years</em>

FV =1,000,000, r- 9%, n- 45

PV = 1,000,000 × 1.09^(-45)

PV = 20,692.24

Present Value = $20.692.24

$20.692.24 must be invested out of the $32,000

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2 years ago

Marin, Inc. redeemed $159,000 face value, 13.5% bonds on June 30, 2022, at 95. The carrying value of the bonds at the redemption

Vadim26 [7]

Answer:

The journal entry is given below:

Explanation:

According to the scenario, the computation for the given data are as follows:

Bonds payable premium = Carrying value - Face value

= $171720 -$159,000 = $12,720

Cash = Face Value × 95% = $159,000 × 95% = $151,050

So,Redemption gain = Carrying value - Cash

= $171,720 - $151,050 = $20,670

So, the Journal entry for the given data are as follows:

Bonds Payable A/c Dr. $159,000

Bonds Payable premium A/c Dr. $12,720

To Redemption gain A/c $20,670

To Cash A/c $151,050

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2 years ago

Mr. Eli Lilly is very excited because sales for his nursery and Plant Company are expected to double from $600,000 to $1,200,000

liq [111]

Answer:

The correct answer is Cash deficit = ($804,000) and incorrect.

Explanation:

According to the scenario, the calculation can be done as follows:

Cash Flow Statement

Beginning cash = $1,200,000

Now we less the asset buildup, then

Less: Assets buildup (1200000-600000)*50% = -$300,000

Now by adding the profit, then

Add: Profit (1200000*8%) = $96,000

Cash deficit = ($804,000)

As his earning seems unable to cover additional capital expenditure, his optimistic outlook for his cash position appear to be incorrect.

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2 years ago

Even if the use of a forward contract for hedging prevents a loss (or gain) from exchange rate changes on the hedged item, which

Liono4ka [1.6K]

Answer:

a) i only.

Explanation:

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2 years ago

What are the features of direct tax​

What are the features of direct tax