What are Revenues? PURPOSE 1. Pay a tax or not 2. Pay a fee for service 3. Show a credit 4. Occupational Taxes 5. Insure that proper tax will be paid.

Slides:



Advertisements
Similar presentations
Process the sale to complete the exchange.
Advertisements

Process the sale to complete the exchange.
Understanding the Regulatory System for Alcohol Beverages: Three Tier & Tied House Evil Responsible Retailing Forum Las Vegas, March 11, 2004 Mitchell.
International Trade Specialist World Trade center Kentucky
What are Revenues? PURPOSE 1. Pay a tax or not 2. Pay a fee for service 3. Show a credit 4. Occupational Taxes 5. Insure that proper tax will be paid.
Export / Import International Trade Brandon Walcutt.
Texas Package Stores Association 65 th Annual Convention “Facing the Future Together” Sherry Cook, TABC Administrator Dallas, Texas - August 6, 2012.
CHAPTER 9 SHIPMENTS CLEARANCE & FORMALITY IN CAMBODIA I. FORM & FORMALITY OF SHIPMENT. Form of Shipment: -Duty Free shipment -Duty shipment. Formality.
Consumers play an important role in the economic system. Consumer: any person or group that buys or uses goods and services to satisfy personal needs and.
© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin 6-1 Merchandising Activities Chapter 6.
Previous Lecture Operating Cycle of a Merchandising Company Comparing Merchandising Activities with Manufacturing Activities Retailers and Wholesalers.
Sold merchandise to a customer on account, customer is tax exempt.
CALM.  Able to buy needed items now and pay later.  Don’t have to carry cash  Creates a record of purchases  More convenient than writing cheques.
Accounting Week 9.
1 CHAPTER XV DRAWBACK  Types of Drawback  Manufacturing Drawback Direct Identification Drawback Substitution Drawback  Rejected Merchandise Drawback.
International Distribution Direct foreign investment –Perform all distribution functions on your own through ownership of distributors/retailers Foreign.
1 The Exporting Process Check for U.S. export requirements Arrange for payment Exporting Considerations Physical Distribution Considerations Packing &
TYPES AND SOURCES OF CREDIT Money Management II. What We’re Doing Today Closed-End vs. Open-End Credit Loans  Different sources for different uses Credit.
TYPES OF CREDIT Credit Cards and Loans. Types of Credit There are many different sources of credit These sources have loans of varying lengths. Banks.
Chapter 10 Accounting Theory.
§ Wine and beer licenses; advertising. A. The Board may grant the following licenses relating to wine and beer: 1.Retail on-premises wine and.
Native Wine Regulatory Process Presented by Judy K. Seib Iowa Alcoholic Beverages Division
Unit 03: Financial Literacy Vocabulary. Available Balance The amount available in an account for a person, business, or organization to spend. How much.
Chapter 11 E-Commerce.
Chapter 10 Money and Banking Money Money is anything that serves 3 purposes: Money is anything that serves 3 purposes: –Medium of Exchange – used when.
Sales Tax, Tip and Commission
Mr. Belolan.  Journalize and Post transactions to the Cash Receipts Journal  Total, prove and rule the Cash Receipts Journal  Prepare a schedule of.
Safe and Secure Internet Gambling Financial Model.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 18-1 Understanding Cash Flow Analysis.
Costs Associated with Owning and Operating a Small Business.
Reporting & Analyzing Merchandising Operations
LESSON 10-1 Journalizing Sales on Account Using a Sales Journal
Home. Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.Glencoe Accounting A wholesaler sells to retailers, and a retailer sells to the.
Accounting for Merchandising Businesses
4.01 FORMS OF COMPENSATION / PAY. MONETARY COMPENSATION Wage - The amount of money paid for a specified quantity of labor. Salary - A set amount of money.
Initiative 1100: Summary & Impact 1 Rick Garza Deputy Administrative Director.
Section 16.1 Sales Transactions Chapter 16 using math in sales Section 16.2 Cash Registers Section 16.3 Purchasing, Invoicing, and Shipping.
Samples, Giveaways, Tasting and Homebrew – Clearing Up the Confusion Presenter: Jack Chism, Agent in Charge.
Suppliers Overview Presented by: Jack Chism, Agent in Charge of Enforcement.
FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc General Accounting Procedures, 7181 Collecting and Reporting Sales Tax A. The Purpose of This.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 10-1 Journalizing Sales on Account Using a Sales Journal Original created by M.C. McLaughlin, Thomson/South-Western.
Costas Katsigris and Chris Thomas T HE B AR AND B EVERAGE B OOK Fifth Edition © 2011 John Wiley and Sons, Inc. All Rights Reserved.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 10-3 Recording Transactions Using a General Journal.
SAVE WITH SAFETY STANDARD Chapter 8, 8.3.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 18-1 Understanding Cash Flow Analysis.
Source: Obtaining a Business License or Permit by Erica Diamond.
Chapter 1-5 Review Quiz. Question # 1 David listed his son and daughter’s tuition as an expense for his personal business? What GAAP does this situation.
Pre-test.  A. Your age  B. The length of time you have had the card  C. The amount of money you owe on your credit card  D. The terms and conditions.
Chapter 14.   Retailer – a business that sells to the final user (consumer).  Wholesaler – a business that sells to retailers. The Operating Cycle.
Copyright © 2006 by John Wiley & Sons, Inc. All rights reserved Ch. 8: International Vendors The proliferation & importance of imported products Gray markets.
Gross Pay pay before deductions; may include insurance, taxes, etc pay before deductions; may include insurance, taxes, etc.
Jeopardy Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200.
COLA’s: Who Needs Them Gary Horton Senior Project Manager, Regulatory Affairs & Compliance E. & J. Gallo Winery.
Using VAT and Social Security Data in Compiling Economic Statistics in Ghana By Magnus Ebo Duncan.
Chapter 11 - Introduction n Objectives –Define accounting terms related to sales and cash receipts for a merchandising business. –Identify accounting concepts.
(All Wholesalers are Independent Operators)  There are over 200 cities with approximately 240 off-sale or on-sale /off-sale combination municipal.
C. Financing a Small Business 4.00 Explain the fundamentals of financing a small business Identify the start-up costs associated with owning and.
Kelly Routt, Wholesale and Manufacturer Specialist Oregon Liquor Control Commission.
High Interest Loans Types of Loans that Carry High Interest Rates.
© National Core Accounting Publications
© National Core Accounting Publications
Chapter 16 Special Journals: Sales and Cash Receipts
4.00 Explain the fundamentals of financing a small business.
© 2011 John Wiley and Sons, Inc.
Stock Handling /Inventory Control
The Purchasing Process
ENTREPRENEURSHIP Lecture No: 38 BY CH. SHAHZAD ANSAR
Banking Services & Savings
Chapter How the U.S. government helps exporters
Presentation transcript:

What are Revenues? PURPOSE 1. Pay a tax or not 2. Pay a fee for service 3. Show a credit 4. Occupational Taxes 5. Insure that proper tax will be paid

Fee For Service New York Customs House Paying the 30¢ fee for an Export entry from a manufacturing warehouse to be shipped to Vera Cruz

Fee for Service – Consular Service Multiples of consular fee stamps are scarce and desirable Stamps were issued in denominations of fees for all common consular services

Fee for Service – Consular Service Certification of Purchased Merchandise Fee was $2.50, paid by bisected $5.00 stamp

Fee for Service Veterinarians were often hired as meat inspectors Carcass tag Inspection stamp for carton of meat shipped in interstate commerce

Shows a Credit With the Government Savings account with the U.S. Post Office Card is imprinted with one stamp Remaining stamps are adhesives added to the card

Annual Fee on a Yacht Yachts have been a favorite object to tax, although the periods when effective have usually been brief 187 foot length x $4.00 per foot = $748.00

Annual Tax on Manufacturer of Oleomargarine Part of the law to prevent fraud Amount of annual tax never changed from 1886 until 1950, when all taxes on oleomargarine were terminated

Annual Tax on Wagering Annual registration and payment of fee Probably initiated to determine who was gambling.

Annual Tax on Retail Dealer in Wines and Malt Liquors Did not permit sale of distilled spirits Most states in 1940 permitted sale of all alcoholic beverages or only malt liquor (beer)

Insuring the Tax Will Be Paid: Lock Seal Required to be used in Slaight locks to lock bonded storerooms and warehouses Used by the Bureau of Prohibition

Insuring the Tax Will Be Paid: Lock Seal In use from For a new lock that superceded the Slaight lock which had been in use since 1873

Insuring the Tax Will Be Paid: Hydrometer Label Hydrometer had been certified for use First used in 1866

Insuring the Tax Will Be Paid: Hydrometer Label Portrait of Alfred Pleasonton, the Commissioner of Internal Revenue

Sugar License – A Negative Tax