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2 years ago

The most important tax rate for determining an individual's incentive to work is the _____ tax rate.

Business

1 answer:

zheka24 [161]2 years ago

6 0

The most important tax rate for determining an individual's incentive to work is the margnal tax rate.

Tax refers to the compulsory financial charge or levies on an individual or entities by governments in almost every country of the world.

Tax is a tariff or duty that is the revenue of the government which is levied by it on the income of the workers, business profits, and also added to goods and sevices.

A tax rate is the rate or a percentage at which an individual or corporation is taxed. Basically, there are two types direct taxes and indirect taxes.

Learn more about tax here:-

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Financial statement data at December 31 for Ecco Company are as follows: Cost of goods sold $552,500 Inventories: Beginning of y

Marrrta [24]

Answer:

The answer is D.

Explanation:

Number of days' sales in inventory is the average number of days that a company will take to sell of its inventory within the year. It tells us the number of days funds are tied up in inventory.

The formula is (average inventory/cost of sales) x 365days.

Average inventory =

($200,000 + $140,000) ÷ 2

$170,000

Therefore, Number of days' sales in inventory is

($170,000/$552,500) x 365days

=112.3 days

7 0

3 years ago

Presented below are incomplete manufacturing cost data.

Usimov [2.4K]

Answer and Explanation:

The computation of the missing amount is as follows

As we know that

Total manufacturing costs is

= Direct materials cost + Direct labor cost + Factory overhead cost

And,

Cost of goods manufactured is

= Total manufacturing costs + Beginning work in process - ending work in process

Based on this, the calculation is as follows

<u> Direct materials Direct labor Factory Total</u>

<u> overhead manufacturing costs </u>

1. $44,000 $62,200 $51,100 $157,300

2. $78,500 $77,500 $144,000 $300,000

3. $58,600 $138,400 $114,000 $311,000

Now

<u> Total Manufacturing Costs Beg. Work End. Work Cost of Goods </u>

<u> in Process in Process Manufactured </u>

1. $157,300 $122,000 $85,200 $194,100

2. $300,000 $123,400 $99,800 $323,600

3. $311,000 $465,000 $57,000 $719,000

4 0

3 years ago

According to the Smith, Ricardo, and Heckscher-Ohlin theories, a country's economy may gain if its citizens buy some products fr

vredina [299]

Answer: b. International trade allows a country to specialize in items that can be produced most efficiently in that country.

Explanation:

Adam Smith with his Absolute Advantage theory, David Ricardo and his Comparative Advantage theory and the Heckscher-Ohlin theories believed that goods should be purchased from Countries that are more efficient in producing said goods so that the resources in the buying country can be channelled towards producing the good that the country can produce efficiently as well.

They believe this to be the foundation of global trade and that each country stands to gain if they buy the goods they are less efficient at producing and sell the goods that they are more efficient at producing. This way resources are properly channelled in an Economy and both countries involved in the trade can achieve high Economic growth as they are utilising their resources efficiently.

6 0

3 years ago

On January 1, Borge Inc. issued $3,000,000, 8% bonds for $2,817,000. The market rate of interest for these bonds is 9%. Interest

sveta [45]

Answer:

At the end of the first year, Borge should report unamortized bond discount of a. $169,470.

Explanation:

Solution:

Interest amount =

($2,817,000 * 0.09) - ($3,000,000 * 0.08)

=$13,530

Bond Disc. Amount; ($3,000,000 - $2,817,000) - $13,530

= $183,000 - $13,530

= $169,470

4 0

3 years ago

Read 2 more answers

Occasionally it is said that issuing convertible bonds is better than issuing stock when the firm's shares are undervalued. Supp

Debora [2.8K]

Answer:

Generally convertible bonds are cheaper than normal corporate bonds since the warrants that allow bondholders to convert them to stocks carry a price. If the stock price is undervalued, so will the warrants. This means that yes, the company will also lose money if they issue convertible bonds.

But what is really important here is what action results in the lowest loss. Issuing common stock will probably result in higher losses than issuing convertible bonds.

4 0

3 years ago