mr. lecourt sells short one contract for september delivery of 125,000 euro for $134,375. mr. lecourt covers his short when the exchange rate is $1.15 per euro. mr lecourt
Answers
Mr. Lecourt's profit or loss is -$9,375.
Mr. Lecourt sold short one contract for September delivery of 125,000 euros for $134,375. He covered his short position when the exchange rate was $1.15 per euro.
To calculate Mr. Lecourt's profit or loss, we need to find the difference between the selling price and the covering price.
Selling price: $134,375
Covering price: $1.15 per euro
To find the covering price in dollars, we need to multiply the number of euros (125,000) by the covering price ($1.15):
Covering price in dollars = 125,000 euros * $1.15 per euro
Now, we can calculate the covering price in dollars:
Covering price in dollars = $143,750
To find the profit or loss, we subtract the covering price from the selling price:
Profit or loss = Selling price - Covering price
Profit or loss = $134,375 - $143,750
Calculating this, we find that Mr. Lecourt's profit or loss is -$9,375.
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Related Questions
outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
would anyone like to ............ watch anime
Answers
Answer:
aot
Explanation:
last episode soon
Assume that the interest rate on borrowings in Japan is 3 percent while the interest rate on bank deposits in a U.S. bank is 5 percent. Laura, an active currency trader, borrows in Japanese yen, converts the money into U.S. dollars and deposits it in a U.S. bank. Laura is engaging in
Answers
Answer:
"Carry Trade", is the right answer.
Explanation:
Laura is engaged in "Carry Trade" because the carry trade refers to the process to borrow from the country where the interest rate is lower and deposit the borrowed money in other countries in which the person earns more interest. Therefore, the process for borrowings and deposits from low and high-interest rates respectively is called the carry trade.
If your lifestyle budget is fifty thousand dollars a year, selecting a career earning seventy-five thousand dollars a year will most likely allow you to meet your lifestyle budget
Answers
Answer:
True
Explanation:
If one budgets to spend 50 thousand per year for the kind of lifestyle he wishes for then estimating a higher amount than the projected amount or budget for his lifestyle would enable him comfortably live this lifestyle. This is because his budgeted amount-50k might not be exactly the amount or may increase as a result of inflation and so making provisions for any errors by looking for pay which adds 20k to his annual earnings would be very much needed to reach his lifestyle expenses
separating the responsibilities for purchasing, receiving, and paying for equipment is an example of the control procedure: separating operations, custody of assets, and accounting.
Answers
Separating the responsibilities for purchasing, receiving, and paying for equipment is an example of the control procedure: separating operations, custody of assets, and accounting. This statement is false.
The division of duties idea forbids assigning ownership of asset acquisition, asset custody, and associated record-keeping to a single person. One person could, for instance, make an order to purchase an asset, but another person would have to register the transaction in the accounting records.
Since at least two persons must cooperate in order to conduct fraud, which is considerably less likely than if one person is in charge of every aspect of an accounting transaction, it is much more difficult when duties are separated.
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The question was incomplete. Check below the full question.
Separating the responsibilities for purchasing, receiving, and paying for equipment is an example of the control procedure: separating operations, custody of assets, and accounting.
A. True
B. False
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Which of these is considered the highest level of management?
A. Supervisor
B. Team member
C. Executive
D. Middle manager
Answers
C. The Executive. Hope that helps...
The Executive is considered the highest level of management. Option C is correct.
What is the management?Management may be described as the process of completing the job or activity necessary to achieve an organization's goals in an efficient and effective manner.
The process implies the management functions. This includes organizing, planning, staffing, directing, and controlling. A manager's responsibility is to offer common guidance and direction to individual efforts to achieve organizational goals.
Management contributes to increased corporate efficiency by increasing productivity via effective planning, organizing, controlling, and directing.
Therefore, option A is correct that The Executive is the most senior level of management.
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if lana fodor paid $825.80 on a $3,169.78 credit balance. what is the new balance
Answers
Explanation:
the balance is $2343.98
when firms have an incentive to exit a competitive price-taker market, their exit will
a. lower market price.
b. reduce demand for the product.
c. necessarily raise the costs of firms that remain in the market.
d. raise profits for firms that remain in the market.
Answers
when firms have an incentive to exit a competitive price-taker market, their exit will necessarily raise the costs of firms that remain in the market.
competitive companies go out the market while there's poor income. exit of some firms raises profit for the last firms within the marketplace. while a few companies go out a competitive marketplace, the supply curve would shift to the left. due to this shift within the supply curve, the equilibrium rate inside the marketplace will growth.exit of many corporations causes the marketplace supply curve to shift to the left. as the supply curve shifts to the left, the market charge starts growing, and monetary losses start to be lower.
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You are told that if you invest $11,000 per year for 23 years( all payments made at the end of each year) you will have accumulated $366,000 at the end of the period What annual rate of return is the investment offering.
Answers
Answer:
3.2%
Explanation:
this is an ordinary annuity:
future value of an ordinary annuity = annual payment x future value annuity factor
$366,000 = $11,000 x future value annuity factor
future value annuity factor = $366,000 / $11,000 = 33.2727
you can solve this in two ways:
the first is with a lot of math work in order to solve the following equation
33.2727 = [(1 + i)²³ - 1] / i
or
you can use an annuity calculator (available online) which will yield 3.2%
which among the forces in the macroeconomics has the most impact on a company? why?
Answers
Answer:
Gross Domestic Product
Explanation:
Gross Domestic Product or GDP is the most important macroeconomic variable because it measures the amount of goods and services that are produced within an economy in a given year. In other words, GDP is one of the most accurate measures of economic activity that economists have found so far.
GDP impacts companies because they depend on external market forces to stay afloat. If GDP falls one year, this means that economic activity declined, and companies are likely to feel the effects of it in the form of lower sales, lower revenues, less profits, less hiring, more firing, etc.
Chiko bought 75 shares of stock at $19.58 per share. She recelved total dividends of $73.42 during the year. At the end of the year, her stock was valued at $22.14 per share. What was her ROI? (Round percentages to one decimal place.)
Answers
Answer:
Return on investment = 18.07% (Approx.)
Explanation:
Given:
NUmber of share = 75 shares at $19.58 per share
Amount of dividend received = $73.42
Stock value at end = $22.14 per share
Find:
Return on investment
Computation:
Purchase price = 75 x 19.58
Purchase price = $1,468.5
Final value + Dividend = 75(22.14) + 73.42
Final value + Dividend = $1,733.92
Profit = $1,733.92 - $1,468.5
Profit = $265.42
Return on investment = [Profit / Initial value]100
Return on investment = [265.42 / 1,468.5]100
Return on investment = 18.07% (Approx.)
Ahmad has some saving where do you suggest him to keep and why
Answers
Answer:
It depends on how much money Ahmad has saved.
Explanation:
If he has a small amount of money, the best he can do is to put his savings on a safe investment, like treasury bonds, an ETF, or a safe and low risk bond of a trustworthy company.
If Ahmad has a larger amount of money, he can put his savings in riskier assets like stock, which could give him a higher return. He could also create a more diverse investment portfolio, with some of his savings going to safer, lower yield investment instruments, and the rest going to riskier, higher yield investment instruments.
Many of you have probably heard of Banana Republic retail stores and perhaps have shopped there. Many of you may not know that the store used to look much different than it does today. It used to be more like an adventure, and the merchandise assortment was more appropriate for a safari. If you've ever seen an Indiana Jones movie, you can get a pretty good idea of what Banana Republic used to look like. The stores would have a jeep in the store, camouflage netting, and music from the 1940s playing. The inside had wooden beams and maps hung on the wall that looked like treasure maps. Much of the merchandise was accompanied by a sign that had a tale of some adventure associated with it. These physical features of the retail environment are referred to as the\
Answers
Answer: Store atmosphere
Explanation:
The physical features of the retail environment are referred to as the store atmosphere.
A store atmosphere are the physical characteristics of a store which is used in the creation of an image which is used to attract customers. This is used by Banana Republic retail stores to attract customers.
a scrum team consists of the following a. project manager b. program manager c. product owner d. product manager
Answers
The following individuals make up a Scrum Team: developers, product owners, and scrum masters.
Who makes up the scrum team?The Scrum master, the product owner, and members of the development team make up a Scrum team. Many people like the Scrum project management process. A Scrum Team is a group of people who collaborate to deliver the committed and desired product increments. All work that is completed for the customer inside the Scrum Framework is done by dedicated Scrum A Scrum Team needs everyone on the team for it to function successfully. Actually, a rugby scrum served as its inspiration. In order to work together to advance the ball, the rugby team forms what is known as a scrum.
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Match each of the following principles of internal control with the appropriate description below.
A. Establishment of responsibility
B. Segregation of duties
C. Documentation procedures
D. Physical controls
E. Independent internal verification
F. Human resource controls
_____ 1. Involves the review, comparison, and reconciliation of data prepared by other employees.
_____ 2. Provide evidence that transactions and events have occurred.
_____ 3. Includes the authorization and approval of transactions.
_____ 4. Rotating employees' duties and requiring employees to take vacations.
_____ 5. Related activities should be assigned to different individuals.
_____ 6. Using garment sensors to deter theft.
_____ 7. The same person opens incoming mail and posts the accounts receivable subsidiary ledger.
_____ 8. Three people handle cash sales from the same cash register drawer.
_____ 9. A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise.
_____ 10. The person who is authorized to sign checks approves purchase orders for payment.
_____ 11. Some cash payments are not recorded because checks are not prenumbered.
_____ 12. Cash shortages are not discovered because there are no daily cash counts by supervisors.
_____ 13. The treasurer of the company has not taken a vacation for over 20 years
Answers
The correct matches of principles of internal control with their appropriate descriptions:
E. Independent internal verification - 1. Involves the review, comparison, and reconciliation of data prepared by other employees.C. Documentation procedures - 2. Provide evidence that transactions and events have occurred.A. Establishment of responsibility - 3. Includes the authorization and approval of transactions.F. Human resource controls - 4. Rotating employees' duties and requiring employees to take vacations.B. Segregation of duties - 5. Related activities should be assigned to different individuals.D. Physical controls - 6. Using garment sensors to deter theft.B. Segregation of duties - 7. The same person opens incoming mail and posts the accounts receivable subsidiary ledger.B. Segregation of duties - 8. Three people handle cash sales from the same cash register drawer.D. Physical controls - 9. A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise.B. Segregation of duties - 10. The person who is authorized to sign checks approves purchase orders for payment.C. Documentation procedures - 11. Some cash payments are not recorded because checks are not prenumbered.E. Independent internal verification - 12. Cash shortages are not discovered because there are no daily cash counts by supervisors.F. Human resource controls - 13. The treasurer of the company has not taken a vacation for over 20 years.Internal control principles are used to minimize errors and prevent fraud in a company's financial reporting. Segregation of duties, establishment of responsibility, documentation procedures, physical controls, independent internal verification, and human resource controls are the six fundamental principles of internal control.
The clothing store's inventory shortages are due to a lack of physical controls. Using garment sensors to deter theft can help solve the problem. The treasurer not taking a vacation for over 20 years violates the human resource control principle. It can result in a lack of independent internal verification and a breakdown in other internal control procedures.
The absence of daily cash counts by supervisors violates the independent internal verification principle. It can result in unrecorded cash shortages. Checks not being prenumbered violate the documentation procedures principle, which can result in some cash payments not being recorded.
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Cam some plz make the journal of it?
I will mark it as a brainliest
Answers
Answer:
Hey will you marry me? serious question
pls help!!!!
answer the following questions using complete sentences. Each answer should contain 3–5 sentences.
What do you think is the most important event in the history of the internet? What event has had the biggest impact on your daily life?
What is your prediction for the future of the internet in the next 20 years?
Answers
1. one of the most important even i think would be in 2007 when apple created the very first mobile internet (this could also apply to you too)
2. what u think will happen in the next 20 years is that we are going to move away from mobile devices and towards maybe a chip in your head or a sort of device something similar to VR
Lightfooted purchases a machine for client Multiproductions and undertakes the installation and modifications at the premises of Multiproductions. The machine cost £63,000 and shipping and installation cost another £3,384 for a total cost of £66,384. The machine is expected to be scrapped at the end of the five-year lease and hence the residual value is expected to be zero. Lightfooted sets the interest rate at 6% per annum and receives payments at the end of the year for five years. Required:
(a) Show all entries for the first two years in the books of Lightfooted. (Hint: first calculate the annual lease payment.)
(b) Multiproductions does not know the implicit interest rate in the lease but believes alternative sources of finance would cost 6.2% per annum. Show all the entries related to the lease in the books of Multiproductions in the first two years.
Answers
(a) Entries in the books of Lightfooted for the first two years:
Year 1:
1. To record the purchase and installation of the machine:
Date Account Debit Credit
--------------------------------------------------------------
Year 1 Machine Cost £63,000
Shipping and Installation £3,384
---------------------
Total £66,384
2. To record the lease income from Multiproductions:
Date Account Debit Credit
--------------------------------------------------------------
Year 1 Lease Receivable £13,837 (1)
Sales £12,000 (2)
Unearned Interest Income £1,837 (3)
---------------------
Total £13,837
3. To record the recognition of interest income:
Date Account Debit Credit
--------------------------------------------------------------
Year 1 Unearned Interest Income £1,837
Interest Income £837 (4)
Lease Receivable £1,000 (5)
---------------------
Total £1,837
Year 2:
4. To record the lease income from Multiproductions:
Date Account Debit Credit
--------------------------------------------------------------
Year 2 Lease Receivable £13,837 (1)
Sales £12,000 (2)
Unearned Interest Income £1,837 (3)
---------------------
Total £13,837
5. To record the recognition of interest income:
Date Account Debit Credit
--------------------------------------------------------------
Year 2 Unearned Interest Income £1,837
Interest Income £883 (4)
Lease Receivable £1,000 (5)
---------------------
Total £1,837
Explanation:
(1) Lease Receivable: Represents the annual lease payment due from Multiproductions (£13,837 each year).
(2) Sales: Recognizes the revenue from the lease agreement (£12,000 each year).
(3) Unearned Interest Income: Represents the unearned portion of interest income to be recognized over the lease term.
(4) Interest Income: Recognizes the interest income earned on the lease receivable using the effective interest rate of 6%.
(5) Lease Receivable: The principal portion of the lease payment received from Multiproductions.
(b) Entries in the books of Multiproductions for the first two years:
Year 1:
1. To record the lease expense:
Date Account Debit Credit
--------------------------------------------------------------
Year 1 Lease Expense £12,000
Cash (Lease Payment) £12,000
2. To record the interest expense:
Date Account Debit Credit
--------------------------------------------------------------
Year 1 Interest Expense £1,837
Lease Payable £1,837
Year 2:
3. To record the lease expense:
Date Account Debit Credit
--------------------------------------------------------------
Year 2 Lease Expense £12,000
Cash (Lease Payment) £12,000
4. To record the interest expense:
Date Account Debit Credit
--------------------------------------------------------------
Year 2 Interest Expense £1,837
Lease Payable £1,837
Multiproductions records the lease expense each year, which is equal to the annual lease payment of £12,000. The interest expense is calculated using the alternative interest rate of 6.2% and the remaining lease liability (£1,837 each year). The lease liability is reduced with the lease payment.
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A US based company is attempting to merge with a French National conglomerate. With IFRS and GAAP being so different, what would be some of the challenges the two sides may face with the merger from an accounting standpoint?
Answers
The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:
Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.
Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.
Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.
Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.
Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.
Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.
These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.
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a sport fan who is enticed into buying a ticket to a game by a promotion had her consumer behavior affected by
Answers
The concept is Consumer behavior, the actions that people make when they are purchasing products. The answer is option C, the Commercial behavior of the sports company.
Consumer behavior is the study of individuals, groups, or organizations and all activities related to the purchase, use, and disposal of goods and services. Consumer behavior describes how a consumer's emotions, attitudes, and preferences influence purchasing behavior.
Consumer behavior studies how people buy and use products, services, experiences, and ideas. This is important as it helps companies to understand customers' needs, wants, and desires and develop products accordingly.
Four factors determine the characteristics of consumer behavior: personal, psychological, social, and cultural. All factors have a major impact on consumer behavior and the traits that define a customer change as their lives change.
Question:
A sports fan who was enticed to buy a playing card by an advertisement for a game influenced his consumption behavior
a) Other
b) Essential cultural norms
c) Commercial behavior of the sports company
d) Structure of the sports facilities
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3. Equivalent cash price is the present value that is equal to a payment.
O True
O false
Answers
Answer:
Pretty sure its true
Explanation:
Hope this helps you!
On a personal level, as you begin looking for a job after you graduate, it will be critical for you to know how to
A) market value
B) communicate value.
C) deliver value
D) forecast value
E) explain value
Answers
Answer:
B) communicate value.
Explanation:
Employees are a cost to employers. An employer will consider hiring a new employee if they are convinced that the benefits from the employee outweigh the costs.
A fresh graduate will have to convince a potential employer that they are worth being hired. The graduates need to communicate the value they shall add to the business. The ability to communicate one's value is critical for a successful job hunting mission.
explain advertisement
Answers
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
Which one of the following would not shift the demand curve for US domestic airline travel in January? O a. An increase in the cost of jet fuel. O b. An earthquake in California which leaves many tourist attractions closed. Oc. A cold spell in Florida. Note: Florida is typically warm in January and so attracts tourists for that reason. O d. An increase in the cost of automobile gas which consequently makes driving long distances more expensive than before. O e. A mild winter in the northeastern US so there is less desire to escape south.
Answers
Option D, an increase in the cost of automobile gas which consequently makes driving long distances more expensive than before, would not shift the demand curve for US domestic airline travel in January.
This is because the demand for domestic airline travel is not directly related to the cost of automobile gas. However, options A, B, C, and E would all potentially shift the demand curve. An increase in the cost of jet fuel (option A) could lead to higher ticket prices and decrease demand. An earthquake in California which leaves many tourist attractions closed (option B) could decrease demand for flights to that region. A cold spell in Florida (option C) could decrease demand for flights to Florida, as tourists may not want to visit during colder weather. A mild winter in the northeastern US so there is less desire to escape south (option E) could decrease demand for flights to warm destinations.
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Identify another error in the PowerPoint slide above. - Points are not punctuated.
- Too many font styles are used. - Capitalization is inconsistent.
Answers
Another error in the PowerPoint slide is the inconsistent capitalization. This can make the presentation look unprofessional and difficult to follow.
Additionally, the points are not punctuated, and too many font styles are used, which can be distracting and visually unappealing.
This can make the presentation look unprofessional and difficult to follow. Inconsistent capitalization means that some words are capitalized while others are not.
It is important to maintain a consistent capitalization style throughout the presentation to make it look more polished and professional. Additionally, the points are not punctuated, which can make it difficult for the audience to understand where each point ends and the next one begins.
Punctuating the points helps to make the presentation more clear and concise. Finally, too many font styles are used, which can be distracting and visually unappealing. It is best to stick to one or two font styles throughout the presentation to maintain a consistent and professional appearance.
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if moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have established for job 400? (round your intermediate calculations to the nearest whole number and final answer to 2 decimal places.)
Answers
For Job 400, a Selling price has been calculated. is $42.00.
Price of materials per unit = $20
Markup Percentage = 110%
Markup Amount = 110% of $20 = $22
Price per unit of sale = Cost of manufacturing + Rate of markup
= $20 + $22
= $42
Therefore, Selling Price per unit for Job 400 = $42.00.
The selling price is determined using the selling price formula and is used to sell the item for a specific cost. The selling price is the price the customer pays to purchase the good.
The cost a buyer incurs to purchase a good or service is the real selling price. This pricing includes a profit margin and is higher than the cost of the items.
If the buyer does not want to make a profit, the seller may choose to maintain the selling price close to the cost price.
Thus, the selling price per unit formula divides sales by the number of units or amount sold to determine the price per unit from the income statement.
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Explain the differences between a partnership and a corporation
Answers
If the price of chicks. Is R40 per kg and beef is R80 per kg, this means that the relative price of beef is double that of chicken.Draw the graphs to illustrate that
Answers
The graph will demonstrate that the line illustrating the ratio of beef to chicken prices is constantly beyond 1, signifying that beef is more expensive than chicken.
How to explain the graphMoreover, it will present that the ratio is consistently near 2, displaying that the comparative cost of beef is twice that of chicken.
In order to illustrate this, we can form two lines, one for the price of beef and one for the price of chicken, with the y-axis indicating the price per kilogram. On the other hand, since we are interested in the relative price, it is essential to normalize the prices to a mutual unit, such as the expense of chicken. This can be achieved by sharing the price of beef among the cost of chicken and plotting this ratio through time.
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List three reasons that people should pay their taxes.
Answers
Improved Healthcare and Education
A significant chunk of the collected taxes is spent on improving healthcare in the country. There are government hospitals that offer medical services without any cost or at minimum cost. Over the years, the quality of service provided by government hospitals has improved by leaps and bounds, and it has only happened because of taxpayers paying tax.
Helps Build the Nation
The cost of running an entire country, especially one that is as large and populated as ours, is humongous. It is through the taxes we pay that the government can perform civil operations. In other words, without taxes, it would be impossible for the government to run the country.
Avoid Tax Back
When being confronted with back taxes we owe the government, we often think of ways to cut back on it. Well, most tax laws understand the hardships of every taxpayer. Though, tax services are available for those who are delinquent in paying their taxes, which is a helpful opportunity to people who don’t have available money or funds.
Answer:
3 reasons why ppl should pay their darn taxes is because:
Explanation:
Social Welfare Pack. Social welfare and social security are one of the greatest benefits the less privilege, homeless and those in need enjoy without having to pay back. ...
Sustain Government. A tax irrespective of its name is another life source of government sustenance. ...
Avoid Tax Back.