answersLogoWhite

0

What else can I help you with?

Continue Learning about Accounting

What taxes can be shifted from one individual to another through the process of increasing the price of the goods sold?

Indirect Taxes.


What taxes cannot be shifted from one individual to another?

Direct taxes cannot be shifted from one individual to another. These are taxes that are imposed on an individual person like the income tax. Such taxes cannot be passed on.


How fixed manufacturing overhead costs shifted from one period to another under absorption costing.?

What arguments are there in favor of treating fixed manufacturing overhead costs as product costs? As period costs?


How fixed manufacturing overhead costs are shifted from one period to another under absorption costing?

Fixed manufacturing overhead costs are shifted from one period to another due to changes in inventories under absorption costing. Every unit that is produced is assigned some fixed manufacturing overhead costs. Assuming that the said unit is not sold during that period, the fixed manufacturing cost assigned to that unit will then become part of the inventory and reported on the balance sheet and not the cost of good sold.


What is considered a direct tax?

A direct tax is a type of tax that is imposed directly on an individual's or entity's income or wealth, and the burden of the tax cannot be shifted to another party. Examples of direct taxes include income tax, corporate tax, and property tax. These taxes are typically levied based on the taxpayer's ability to pay, reflecting their financial status. Unlike indirect taxes, which are included in the price of goods and services, direct taxes are paid directly to the government by the taxpayer.

Related Questions

What taxes can be shifted from one individual to another through the process of increasing the price of the goods sold?

Indirect Taxes.


Which of the following taxes can be shifted from one individual to another through the process of increasing the price of the goods sold?

Indirect Taxes


Which type of tax can be shifted from one individual to another through the process of increasing the price of the goods sold?

indirect tax


What taxes cannot be shifted from one individual to another?

Direct taxes cannot be shifted from one individual to another. These are taxes that are imposed on an individual person like the income tax. Such taxes cannot be passed on.


Main impact of the constitution?

It shifted the balance of power from the individual states to the federal government.


What system shifted people from one part of India to another?

The Varna System


What is a shifted frequency?

A shifted frequency refers to a change in the frequency of a signal, either increasing or decreasing its value. This change can result from modulation, mixing, or other signal processing techniques, leading to a new frequency offset from the original one. Shifted frequencies are commonly used in communication systems to carry information or for frequency translation purposes.


When the substances in the equation above are at equilibrium the equilibrium can be shifted to favor the products by?

When the substances in the equation are at equilibrium, the equilibrium can be shifted to favor the products by changing the conditions of the reaction. This can be achieved by increasing the concentration of reactants, increasing the temperature (if the reaction is endothermic), or decreasing the pressure (for gaseous reactions with fewer moles of gas on the product side). Additionally, removing products as they are formed can also drive the equilibrium toward the products.


What is the opposite of shifted?

Not shifted.


What common principle do red and blue shifts share?

Both the Red and Blue shifts are qualities of the doppler effect. Using the example of a speed of light (SOL) traveler speeding along at 186,000 miles in one second, to or from Earth, the SOL traveler would be perceived by an individual on Earth as being in motion via a shift in light's radiated wavelength toward the blue of red spectrum respectively. Another way of thinking about this is that the wavelength of light, to or from Earth, would be compressed (blue shifted) or dilated (red shifted). Alternatively the SOL traveler should observe an individual on Earth as being at rest (blue or red shifted) relative to their own SOL motion to or from Earth.


How do you write shifted in a sentence?

The sands have shifted, somewhat. As we passed the roadster, I shifted into second gear.


How do red and blue shift show movement of objects in space?

If the distance between us and a object emitting a wave (sound or light) is increasing, then the wavelength of the wave it emits will be red-shifted. If the distance is decreasing, it will be blue-shifted. This is true for a car driving towards us with its horn blaring, or a distant galaxy emitting hydrogen lines.