Using the appropriate diagrams‚ explain why the relative burden (incidence) of an indirect tax on the producers & on the consumer varies depending on the price elasticity of demand for the good/product. Indirect Tax is a tax placed upon the selling price of a product‚ so it raises the firm’s cost and shifts the supply curve left or vertically upwards depending on the amount of tax. Because of this shift‚ less products will be supplied at every price. The diagram below shows the effect of imposing
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2.4.3 CASH 2.4.3.1 POLICY 1. The amount of cash kept in the office must be kept to a minimum to reduce the risk of fraud or theft. This amount should be determined by the PO or CO Head of Finance on the basis of regular cash requirements. An imprest petty cash system should be implemente (see Annex 2.4.03 Petty Cash Book template‚ and below Guidelines). 2. The maximum imprest for a petty cash fund should not exceed the equivalent of CHF 2‚000. The PO Representative or Country
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1888 The First National Manual Cash Register In 1883 on January the 30th James Ritty receives a Patent for inventing the cash register. Ritty owned a cafe in Dayton in the 1870s it was a popular cafe but somehow always lost money Ritty then blamed the bartenders and other workers for stealing. What Ritty dealt with was very common in the late 1800s. Ritty later went on a vacation on a ship whist on the ship he observed the workings of an automatic device that recorded the revolutions of the ship’s
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Our story began in 1971. Back then we were a roaster and retailer of whole bean and ground coffee‚ tea and spices with a single store in Seattle’s Pike Place Market. Today‚ we are privileged to connect with millions of customers every day with exceptional products and nearly 18‚000 retail stores in 60 countries. Starbucks is named after the first mate in Herman Melville’s Moby Dick. Our logo is also inspired by the sea – featuring a twin‐tailed siren from Greek mythology. Starbuck’s organizational
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Have you ever tried to to understand how someone thinks or acts? That’s an example of indirect characterization. There is also motivation and direct characterization too! The writer uses these methods to analyze how a character acts or reacts. The way an author reveals a character is called characterization. To begin with‚ indirect characterization is your point of view of the character. How they speak‚ look‚ think‚ their effects‚ and actions. For instance‚ the character Mr. Nuttel from “The
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perception‚ thoughts and desires. Direct realism give us direct and immediate contact with the external world. What we perceive as outside of ourselves in the world is really "outthere" . This means that there is anything to believe expect to understand that immaterial minds and ideal are real and they have significant influence on who were are as a human being. The decision that we make and the action we take is one example that illustrates this concept of thinking. Direct realism is not correct; often
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Cash Flows Aleshia Wisch ACC206: Principles of Accounting II Prof. Eric Sumners August 11‚ 2014 ACC 206 Week Assignment 1. Critical Thinking Question: Answer the following questions: Why are noncash transactions‚ such as the exchange of common stock for a building for example‚ included on a statement of cash flows? How are these noncash transactions disclosed? It is important for a company to show what assets they have on hand that can convert to cash. Non cash transactions are disclosed
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Statement of Cash Flows Learning Objectives 1. Identify the purposes of the statement of cash flows 2. Classify activities affecting cash as operating‚ investing‚ or financing activities 3. Compute and interpret cash flows from financing activities 4. Compute and interpret cash flows from investing activities 5. Use the direct method to calculate cash flows from operations 6. Use the indirect method to explain the difference between net income and net cash provided
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Statement of Cash Flows Preview of Chapter Usefulness and Format Usefulness of the Statement of Cash Flows Provides information to help assess: 1. Entity’s ability to generate future cash flows. 2. Entity’s ability to pay dividends and obligations. 3. Reasons for difference between net income and net cash provided (used) by operating activities. 4. Cash investing and financing transactions during the period. SO 1 Indicate the usefulness of the statement of cash flows. Usefulness
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Subject: Cash Pooling Supervisor: Dr. Nasser Abu Mustafa University: NYIT Cash Management: Cash pooling Abstract The role of the corporate cash manager has been continuously revised over the past few years‚ as a result of the demand for more effective and efficient ways to support the core needs of the organization. This has resulted in new responsibilities for the corporate treasurer and cash manager. The cash management function is demanding
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