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Nimfa-mama [501]
2 years ago
10

First, briefly explain the difference between direct and indirect taxation, and give an example of each. Then, define the three

types of taxation that determine the rate people pay: proportional, progressive, and regressive. (4 points)
Business
2 answers:
Gelneren [198K]2 years ago
4 0

Answer:

it has other price po if u said like 1 pesos for 1 piece

Explanation:

stick o has a true price in the market but u can allow others to buy it for 1 pesos in 1 piece

Aleks04 [339]2 years ago
3 0

Answer:

Direct taxes: These taxes have to be paid directly to the government and cannot be transferred to anyone else. Different acts govern these taxes.

Indirect taxes: These taxes are imposed on all the goods and services, and not on income and profits. It is collected by a retail store or an intermediary from the consumer or one bearing the ultimate burden of the tax.

Explanation: position Imposed on income or profits(direct) Imposed on goods and services

You might be interested in
Victoria’s 2021 tax return was due on April 15, 2022, but she did not file it until June 12, 2022. Victoria did not file an exte
Vesnalui [34]

Based on the information the amount of penalty that Victoria will have to pay is $850.

<h3>Penalty amount:</h3>

Using this formula

Penalty amount=(Tax return×Tax rate)×2

Where:

Tax return=$8,500

Tax rate=5%

Let plug in the formula

Penalty amount=( $8,500 x 5%) x 2

Penalty amount=$425×2

Penalty amount=$850

Inconclusion the amount of penalty that Victoria will have to pay is $850.

Learn more about penalty here:brainly.com/question/1178265

8 0
2 years ago
Mystic Laboratories reported total assets of $11,200,000 and noncurrent assets of $1,480,000. The company also reported a curren
Anastasy [175]

Answer:

$6,480,000

Explanation:

The computation of the amount of the current liabilities is shown below:

Total assets of $11,200,000

Less: Noncurrent assets $1,480,000

Current Assets = $9,720,000

Now as we know that

Current ratio  = Current Assets ÷ Current Liabilities

Current Liabilites is

= $9,720,000 ÷ 1.5

= $6,480,000

hence, the current liabilities is $6,480,000

3 0
4 years ago
Under a just-in-time inventory system, a company can reduce the amount of working capital it needs to finance inventory, freeing
Gennadij [26K]

Answer:

True.

Explanation:

Under a just-in-time inventory system, a company can reduce the amount of working capital it needs to finance inventory, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.

In Business management, Just-in-time (JIT) is an inventory management method used by a company wherein goods, products, components, and labor are made available exactly when needed or just few hours before they are needed in the production process.

Basically, It is an inventory management system that companies use to reduce wastage to the barest minimum, thereby, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.

<em>Hence, just-in-time when used judiciously can help a company reduce the amount of working capital it needs to finance inventory management. </em>

4 0
3 years ago
A parent sold land costing $400,000 to its subsidiary for $450,000 in 2017. The subsidiary still holds the land at the end of 20
nadezda [96]

Answer:

correct option is a. Land

Explanation:

given data          

land costing =  $400,000        

subsidiary 2017 = $450,000      

land credit = $50,000        

                 

solution            

While when we consolidating  land that will  appear in the group asset at the amount of 450,000.  

so here the appreciation in the value of land is not  realized gain .

so that there will be  credit to land with 50,000

so correct option is a. Land

5 0
3 years ago
Aria Acoustics, Inc. (AAI), projects unit sales for a new seven-octave voice emulation implant as follows:
jeka94

Solution:

NPV is calculated as:

NPV = \frac{C1}{1+r} +\frac{C1}{(1+r)^{2} } +\frac{C1}{(1+r)^{3} } + ....... + \frac{C1}{(1+r)^{n} } - A

Initial investment = $16,500,000

Depreciation table:

Recovery Year    7-Year %    Depreciation Booked   Asset Book

                                                                                   Value at the end of Year

1                             14.29            $ 3,029,480               $ 18,170,520

2                            24.49             $ 5,191,880               $ 12,978,640

3                            17.49             $ 3,707,880               $ 9,270,760

4                            12.49             $ 2,647,880               $ 6,622,880

5                             8.93              $ 1,893,160               $ 4,729,720

6                             8.92              $ 1,891,040              $ 2,838,680

7                             8.93               $ 1,893,160                $ 945,520

8                            4.46               $ 945,520                    $ 0

Book value at the end of 5 years  =  $ 4 , 729 , 720

After tax salvage value   =  25 %  ∗  $ 21  , 200 , 000  −  ( 25 %  ∗ $  21,200,000) - $4,729,720 ) * 30%

=  $ 5, 128 ,916

Sales table:

Year           Unit Sales

1                   83,000

2                  96,000

3                 1,10,000

4                  1,05,000

5                   86,000

We calculate the free cash flow of the project : ( Check the attachment )

1)

Using NPV formula

NPV = − $ 7 , 328 , 810.58

2)

IRR is the discount rate (R) when the NPV of the project will be equal to zero.

Solving the equation (1) for R we get:

R = 3.93%

So IRR of the project = 3.93%

4 0
3 years ago
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