Taxes levied on the sale, manufacture or use of specific items such as liquor, cigarettes, and gasoline are known as <u>selective sales taxes</u>, as well as <u>excise taxes.</u>
So, there aren't taxes on a whole bunch of products, but rather on a selected few, which (in the case of alcohol and cigarettes) are considered detrimental to the society and thus people who want to use them have to pay a little bit more in order to have that commodity.
Answer:
C) credit to Note Payable of $1,000,000
Explanation:
The complete journal records for November 1, 2018 are:
- Dr Cash account 100,000
- Cr Notes Payable account 100,000
The company received $100,000 in cash. Since cash is an asset and it increased when the bonds were issued, it should be debited.
The company has to pay a note worth $100,000. Since notes payable is a liability and it increased when the bonds were issued, it should be credited.
She will have to Pay 3650 Dollars for the Spring Semester
-
6000 is Tuition
1500 is Work Grant
1000 is Scholarship
150 is Student Fees
6000 - 1500 = 4500
4500 - 1000 = 3500
3500 + 150 = 3650 For Spring Semester
So you subtract the Work Grant, and Scholarship from her cost. Then you are left with 3500 Dollars. Since the Students Fees are something she has to pay for, you add the amount and it leaves Tara Paying $3650
Answer:
8.33%
Explanation:
A stock is bought for $23.00
The stock is sold for $26 after one year
The dividend paid is $1.50
Therefore, the capital gain rate can be calculated as follows
Capital gain= P1-Po/Po
= 26-24/24
= 2/24
= 0.0833 ×100
= 8.33%
Hence the capital gain rate for this transaction is 8.33%
It is (a) true that data mart is the operational database for the company.
A data mart is a basic data warehouse focused on one topic or area of business. Data mart helps the teams within the company to access the data and achieve insight faster. Company members don’t have to spend excessive time on complex data management systems or manually aggregate data from various sources. Data mart also ensures that there are no human-led errors in data collection within the company, which is common when the data is managed manually. A data mart is accurate, simple, and saves a lot of time for the organization.
Learn more about data mart here:
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