Government Interest – NBC Institute

BMF – Nov 2019 – L1 – SA – Q4 – The Business Environment

Identifying a reason why government may not have an interest in business organizations

Question

Which of the following is NOT a reason government has interest in all business organizations?
A. To ensure compliance with legal regulations
B. To collect taxes from profits
C. To reduce monopolistic practices
D. To maximize its own profits
E. To protect consumer rights

Answer

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Tags: Business Organizations, Government Interest, Government Regulations
Level: Level 1

Topic: The Business Environment
Series: NOV 2019

TX – May 2019 – L3 – Q5b – Petroleum Operations

Compute the royalty payable by a petroleum company and discuss the tax implications of production costs and the relevance of government interest in upstream operations.

Question

b) The following relates to Ablorh Ltd from petroleum operations relating to 2017 year of assessment:

Production (in barrels): 100,000,000
Selling Price per barrel ($): 100
Production cost per barrel ($): 50
Capital allowance agreed ($): 800,000
Required: i) Compute the royalty payable to the Government of Ghana by Ablorh Ltd and state the tax implication of production cost on Royalty. (5 marks)

ii) Explain THREE (3) relevance of initial interest of Government in the Upstream Petroleum Operations. (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Government Interest, Petroleum Operations, Production Cost, Royalty, Tax implications, Upstream Petroleum Operations
Level: Level 3

Topic: Petroleum operations
Series: MAY 2019

BMF – Nov 2019 – L1 – SA – Q4 – The Business Environment

Identifying a reason why government may not have an interest in business organizations

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Organizations, Government Interest, Government Regulations
Level: Level 1

Topic: The Business Environment
Series: NOV 2019

TX – May 2019 – L3 – Q5b – Petroleum Operations

Compute the royalty payable by a petroleum company and discuss the tax implications of production costs and the relevance of government interest in upstream operations.

Question

b) The following relates to Ablorh Ltd from petroleum operations relating to 2017 year of assessment:

ii) Explain THREE (3) relevance of initial interest of Government in the Upstream Petroleum Operations. (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Government Interest, Petroleum Operations, Production Cost, Royalty, Tax implications, Upstream Petroleum Operations
Level: Level 3

Topic: Petroleum operations
Series: MAY 2019

Question Tag: Government Interest

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BMF – Nov 2019 – L1 – SA – Q4 – The Business Environment

Identifying a reason why government may not have an interest in business organizations

TX – May 2019 – L3 – Q5b – Petroleum Operations

Compute the royalty payable by a petroleum company and discuss the tax implications of production costs and the relevance of government interest in upstream operations.

BMF – Nov 2019 – L1 – SA – Q4 – The Business Environment

Identifying a reason why government may not have an interest in business organizations

TX – May 2019 – L3 – Q5b – Petroleum Operations

Compute the royalty payable by a petroleum company and discuss the tax implications of production costs and the relevance of government interest in upstream operations.

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Question Tag: Government Interest

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BMF – Nov 2019 – L1 – SA – Q4 – The Business Environment

Identifying a reason why government may not have an interest in business organizations

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TX – May 2019 – L3 – Q5b – Petroleum Operations

Compute the royalty payable by a petroleum company and discuss the tax implications of production costs and the relevance of government interest in upstream operations.

You're reporting an error for "TX – May 2019 – L3 – Q5b – Petroleum Operations"

BMF – Nov 2019 – L1 – SA – Q4 – The Business Environment

Identifying a reason why government may not have an interest in business organizations

You're reporting an error for "BMF – Nov 2019 – L1 – SA – Q4 – The Business Environment"

TX – May 2019 – L3 – Q5b – Petroleum Operations

Compute the royalty payable by a petroleum company and discuss the tax implications of production costs and the relevance of government interest in upstream operations.

You're reporting an error for "TX – May 2019 – L3 – Q5b – Petroleum Operations"

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