Based on accounting principles, a $1 per unit tax levied on consumers of a good is equivalent to "a $1 per unit tax levied on producers of the good."
This is based on the idea that the market reaches the exact equilibrium price irrespective of who is accountable for paying the money to the government.
In other words, when the government levies a tax on a good, producers are not exempted from the tax levy because that money will be recouped from the producers' sales or revenue.
Hence, in this case, it is concluded that tax on goods is inevitable to consumers and producers.
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Answer:
11%
Explanation:
Compounding is the method used to determine the future worth of an amount today while discounting is the method used to determine the present value of a future amount.
Both are related by
Fv = Pv(1 + r)^n
where Fv is the future amount
Pv is the present value
r = rate
n = time
As such,
18.5 = 15 (1 + r)^2
1.2333 = (1 + r)^2
1 + r = 1.11
r = 0.11
the annual percent on returns is 11%
Answer:
$60
Explanation:
An individual buys stock at $40 per share. Many years later, the individual dies when the market value is $60. The estate distributes the shares to a beneficiary when the stock is worth $70. Therefore the cost basis to the beneficiary is
The cost basis by definition is usually equal to the fair market value of the property or asset at the time of the decedent's death or when the actual transfer of assets was made.
However for the purpose to be served to reduce the tax due on the inheritance, we have chosen to opt for the fair market value of the property or asset at the time of the decedent's death which is $60
Structure is concerned with how a process's inputs, actions, and outputs are arranged.
<h3>What do a process' outputs entail?</h3>
- The outcomes of group work are known as outputs, and the group or organization values these results.
- In order to maximize a team's performance, it "provides a mechanism to analyze how teams perform."
- The tangible results of a process, such as reports, meetings, and flyers, are what we refer to as outputs.
- While these items are helpful in and of themselves, they typically fall short of fulfilling the overall intent of the process.
- Some examples of results are Information (for instance, fresh information developed as a workshop contribution and/or information from meetings).
- Data sent by a computer is known as output. Computers can only process digital data.
To learn more about outputs, refer to:
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It's called a <u>holographic will</u>.
