Australian tax Study guides, Class notes & Summaries

CLEP American Government Glossary Term Questions With Correct Answers 527 Committee - answernamed after code 527 of the Internal Revenue Code, a political organization that promotes certain issues, and, as long as it if not formally affiliated with a political party and does not specifically endorse a candidate, its political advertisements are not taxed. Acting President - answerthe person who assumes the powers and duties of the president if he becomes incapacitated- the vice president ...

Unit 2 Business Management Already Passed accounts receivable acquisition auditing Australian Competition and Consumer Commission (ACCC) Australian Taxation Office (ATO) balance sheet bookkeeping budgeting cash book cash flow code of practice Consumer Affairs Victoria credit terms customer database domain name exporter financial control systems income statement inventory control merger policy procedure procurement progressive tax rate robotics separate entity social me...

Bicameral Legislature two house legislature block grant money granted by the federal government to the states for a broad purpose (transportation) rather than for a narrow purpose (school lunch program) Categorical Grant money granted by the federal government to the states for a narrow purpose (school lunch program) rather than for a broad purpose (transportation) Centralists those who favor greater national authority rather than state authority checks and balanc...

Strategic Role of Financial Management financial management at McDonald's is concerned with how assets are deployed, how these assets are financed (either via debt or equity) and the overall profitability of the company. Objectives of Financial Management: Profitability McDonald's aimed for consistent operating margins in the mid-40% range. (Overall net profit for the company before interest and tax.) Halfway through 2020, this was below 20%. Brainpower Read More Previous ...

CLEP American Government Glossary Term Questions With Correct Answers 527 Committee - answernamed after code 527 of the Internal Revenue Code, a political organization that promotes certain issues, and, as long as it if not formally affiliated with a political party and does not specifically endorse a candidate, its political advertisements are not taxed. Acting President - answerthe person who assumes the powers and duties of the president if he becomes incapacitated- the vice president ...

domain name the address of a website on the internet Australian taxation office (ATO) the government body in charge of administrating and collecting tax for the federal government Australian Competition and Consumer Commission (ACCC) a government body that has the role of enforcing the Competition and Consumer Act 2010 and a range of additional legislation promoting competition and fair trading and regulating national infrastructure Worksafe Victoria a government agency that aims to reduc...

Strategic Role of Financial Management - ANS-financial management at McDonald's is concerned with how assets are deployed, how these assets are financed (either via debt or equity) and the overall profitability of the company. Objectives of Financial Management: Profitability - ANS-McDonald's aimed for consistent operating margins in the mid-40% range. (Overall net profit for the company before interest and tax.) Halfway through 2020, this was below 20%. Objectives of Financial Manag...

527 Committee -->named after code 527 of the Internal Revenue Code, a political organization that promotes certain issues, and, as long as it if not formally affiliated with a political party and does not specifically endorse a candidate, its political advertisements are not taxed. Acting President -->the person who assumes the powers and duties of the president if he becomes incapacitated- the vice president Activist Government -->a government that creates work, employs people, an...

Accounts Receivable The total amount of money owed to a business. acquisition when one business takes over another business Auditing Process of testing and evaluating a business's accounting processes and internal control Australian Competition and Consumer Commission (ACCC) a government body that has the role of enforcing the Competition and Consumer Commission Act 2010 and a range of additional legislation promoting competition and fair trading, and regulating national infrastructure ...

Domain name - ANSWER-a unique name identifying the website in a web address Consumer guarantees - ANSWER-consumers are guaranteed rights to repair, replace or refunds under the Australian consumer law Warranty - ANSWER-a written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time. Business taxation compliance - ANSWER-A business must pay tax. A business carrying out an enterprise in Austra...