Indirect taxes - Study guides, Class notes & Summaries

Macro economics The study of the performance and behaviour of an economy as a whole. mixed economy An economic system that allows both the government and the private sector to allocate resources, e.g. the UK has a mixed economy. Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More Business Cycle A measure of the regular fluctuations in the level of economic activity. It is made up of the following elements...

AACE CCT Primer Questions with Verified Answers The sum of the practices and processes that an enterprise uses to manage the total life cycle cost investment in its portfolio of strategic assets is called _________ Total Cost Management ______ is the application of scientific principles and techniques to problems of : - estimation - cost control - business planning & management science - profitability analysis - project management - planning & scheduling Cost Engineering _____...

FBLA Economics Exam Questions with All Correct Answers Entrepreneurship - Answer- The ability and willingness to undertake the organization and management of production As well as making the usual business decisions, entrepreneurship is often associated with the functions of innovating and bearing risks Equity - Answer- May be used in either of two unrelated senses. In the context of income distribution theory, refers to an objective, goal or principle implying "fairness." In a fina...

3 Types of Customer Payments: - Answer EFT (electronic funds transfer), Paypal on web store, Credit Card processing ACH (what is it, and it is the only way to do what?) - Answer Automated Clearing House (process transactions through ACH network for EFT) The only way to pay vendors in NS. EFT - Answer Electronic Funds Transfer (transfer directly from bank account) Nexus - Answer how to collect and pay taxes in different areas of the world (defines jurisdiction in which collect an...

Construction Documents Exam Set Test Questions And Revised Correct Answers | Already Passed What is a construction estimate? - ANSWER : A construction estimate is a summary of probable quantities and costs of materials, labor, equipment, and subcontracts to complete a project, including taxes, overhead, and profit, based on the best available information at the time. Name the four primary categories of costs in the construction estimate. - ANSWER : The four primary categories of ...

Which of the following is not taken into account in computing trust accounting income? A. Distributions made to a beneficiary B. Expenses attributable to earnings tax exempt income C. Trustee fees paid from income D. Tax preparation fees paid from income - Answer-Distributions made to a beneficiary In securities lending, the securities should be market to market: - Answer-daily In security lending, the investment of cash collateral is the responsibility of the: a. Borrower. b. Lender. c...

normative statement an opinion that cannot be confirmed by referencing facts positive statement a statement that can be proved by referencing facts why are economic models used? theories cannot be tested in a controlled environment the basic economic problem scarcity - consumer wants are always greater than available resources opportunity cost the next best alternative foregone factors of production resources used by a firm in production list and define the factors of production lab...

ELI ACC 212 Exam 1 Study Guide (Chapters 14 thru 16) Exam 1 (150 points) covers Chapters 14 through 16 and will have 16 multiple-choice questions and 3 essay questions or problems. Make up your own study guide from the tips provided. Students must earn 60% (90 points) or more on two of the first three Exams (Exams 1, 2 or 3) to pass this course. Be serious about your preparation. ESSAY/PROBLEM QUESTIONS: It is important that you do well on the essay/problem questions. Each essay question/p...

Essentials of Corporate Finance, 10e (Ross) Chapter 2 Financial Statements, Taxes, and Cash Flow 1) Net working capital is defined as: A) the depreciated book value of a firm's fixed assets. B) the value of a firm's current assets. C) available cash minus current liabilities. D) total assets minus total liabilities. E) current assets minus current liabilities. Answer: E Difficulty: 1 Easy Section: 2.1 The Balance Sheet Topic: Net working capital Learning Objective: 02-01 Differenti...

COST APPROACH EXAM QUESTIONS WITH ANSWERS Three Economic Principles Substitution Contribution Balance Substitution Appraisal principle that states that when several similar or commensurate commodities, goods, or services are available, the one with the lowest price will attract the greatest demand and widest distribution *primary principle of cost and sales approach Contribution Relates to the concept that the value of a particular component is measures in terms of its contribut...