Benefit principle - concept of taxation in public finance. It is said that whoever benefits more from public or government expenditure should pay more taxes to support the expenditure.
Ability-to-pay principle - progressive taxation wherein people earning more are subject to bigger taxes because they have the ability to pay more. Taxes should be levied according to the individual's ability to pay.
Answer:
a. Rate of return is 4.81%
b. He will receive the same return of 4.81% percent as the fund manger have.
Explanation:
a.
Start of the year NAV = $22 x 103% = $22.66
End of the year NAV = $23.10 x 0.92 = $21.25
Change in Price = 21.25 - 22.66 = - $1.41
Rate of Return = (( Change in NAV + Distribution received ) / start of the year NAV) x 100
Rate of Return = (( -$1.41 + $2.5 ) / 22.66 ) x 100
Rate of Return = 4.81%
b.
He will receive the same return of 4.81% percent as the fund manger have.
The answer is D hope this helped
<span>Changes in real income per capita</span>
Answer:
Divestment
Explanation:
Divestment is the opposite to investment: consists in selling off, or giving up on some business operations, with the goal of increasing focus on a smaller subset of activities.
Divestment can also occur when a company is going through financial difficulties, and needs to sell off part of its operation in order to pay off debts, or obtain much needed cash.
Bayne Crop likely found out that the pork market was difficult, and decided to abandon it, focusing instead on other divisions in which the firm is likely to be more competitive.