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3 years ago

What factors might be considered when creating a tax that is considered fair by most people in a society? explain?

1 answer:

4 0

Factors to be considered when creating a tax that is fair to people on society is income, bracket of living (poor, middle class, etc). and financial factors as so. This ensures that everyone gets a fair tax, and will be agreed upon by everybody.

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The motive of an intimate homicide is almost always anger/revenge or profit. True or False?

tester [92]

Answer: True

Explanation: An intimate homicide is a fatally violent attacked caused by someone who is in a deeply personal relationship with the victim. It is important to note that this can be a current relationship or a past one. The main motives of this type of murder are usually because of anger for whatever they feel the victim has done or made them feel, as revenge on the victim because they believe the victim has wronged them, or for some form of profitable gains such as claiming the victim's life insurance.

7 0

3 years ago

You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit

nordsb [41]

Answer:

a.) $217,298.44

b.) $253,514.84.

c.) $239,061.37 .

Explanation:

a. Determine how much you will have saved after 10 years

This is an ordinary annuity question and you are required to find the Future value (FV) at year 10. Using a financial calculator, key in the following inputs;

Total duration of investment; N = 10

Recurring payment; PMT = -15,000

Interest rate ; I/Y = 8%

PV = 0

then compute Future value; CPT FV = 217,298.437

Therefore, in 10 years, you will have saved $217,298.44 which does not meet your goal of half a million dollars.

b. Determine the amount saved if you were able to deposit $17, 500 each year.

With the recurring payment increasing to 17,500 per year and the interest rate remaining at 8%, find the new Future value by keying in the following inputs;

Recurring payment; PMT = - 17,500

Interest rate ; I/Y = 8%

Total duration of investment; N = 10

PV = 0

then compute Future value; CPT FV = 253,514.843

Therefore, in 10 years, you will have saved $253,514.84.

c. Determine the amount saved if you deposit $15,000 each year, but with 10 percent interest.

It is still an ordinary annuity question , however, the recurring payment(PMT) will be 15,000 as before but with an annual interest rate(I/Y) of 10%. Using a financial calculator, key in the following inputs;

Total duration of investment; N = 10

Recurring payment; PMT = -15,000

Interest rate ; I/Y = 10%

PV = 0

then compute Future value; CPT FV = 239,061.369

Therefore, in 10 years, you will have saved $239,061.37 .

7 0

3 years ago

Who were some of the first big business capitalists in America?

irina [24]

Answer:

Railroads were the first "big businesses" in the United States.

Explanation:

8 0

3 years ago

Described below are certain transactions of Pina Corporation. The company uses the periodic inventory system. 1. On February 2,

nadya68 [22]

Answer:

Question: From the details given, make all the journal entries necessary to record the transactions above using appropriate dates.

Pina Corporation

Journal Entries

Date Details Debit Credit

$ $

February 2 Purchases 62,034

Accounts Payable 62,034

Being credit purchase of goods at discount of 2%

February 26 Accounts Payable 62,034

Purchase - Discount 1,266

Cash 63,300

Being payment made for goods purchased

April 1 Vehicle 52,000

Cash 3,000

10% 1-year Note payable 49,000

Being purchase of vehicle by part cash, part note-payable

May 1 Cash 82,900

Note Payable - Discount 9,600

1-year Note payable 92,500

Being borrowing from bank

August 1 Dividend 280,000

Dividend Payable 280,000

Being dividend declared, not yet paid

September 10 Dividend Payable 280,000

Cash 280,000

Being cash payment of dividend

Explanation:

a) 2/10, n/30 means that the buyer is to pay within 30 days but is entitled to 2% discount if the purchase is paid for in 10 days. Since Pina records at net amounts after cash discount

To record this purchase = 63,300 * 0.02 = 1,266

= 63,300 - 1266 = $62,034

b) Since payment was made on 26th, it means the 10 day discount was not utilized hence Pina pays full price for the goods

3 0

3 years ago

7. The fact that Megan Grassell exceeded her funding goals is a good indication that her product will be popular.

xz_007 [3.2K]

Answer: True

Explanation: The funding goal is the least amount you need to start on a project and pay for rewards if you've offered any and the very concept of funding goal should come from the campaign objective. You are expected to decide on whether your campaign should come from a financial standpoint or marketing standpoint. It is true that the fact that Megan Grassell exceeded her funding goals is a good indication that her product will be popular.

5 0

3 years ago