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Hubbard,Rice and Galvin Suggest That a Model for Change Needs

question 29

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Hubbard,Rice and Galvin suggest that a model for change needs to consider four variables:


Definitions:

Effective Tax Rate

The percentage of their income that individuals or corporations pay in taxes, taking into account all deductions and credits.

Unrealized Pre-Tax Profits

Profits that have been recorded in financial statements but have not yet been subjected to taxation due to non-realization through sales.

Intercompany Sale

A transaction of goods or services that occurs between two entities within the same parent company.

Mark-Up

The amount added to the cost price of goods to cover overhead and profit; a percentage over cost.

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