Answer:
The sales tax is regressive with respect to income
Explanation:
sales tax by Jennifer = 0.1*30000
= 3000
tax/income = 3000/50000
= 6%
sales tax by steve = 0.1*27000
= 2700
tax/income = 2700/30000
= 9%
The tax increases with decrease in income, it indeed is regressive on the whole.
Therefore, The sales tax is regressive with respect to income
Based on the fact that the subscription is non refundable, it is important that you calmly reassert the position of the company and commiserate with them.
<h3>What is Customer Care?</h3>
This refers to a group of people who are in charge of listening to customer complaints about a particular brand of goods or services.
WIth this in mind, we can see that the best thing to do with this person in this case is to calmly reassert the situation and if the customer is adamant, escalate the issue to the appropriate authorities.
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Jenna puts $100 in a savings account in 2016 and sees a 3% increase in her account without depositing additional money is an example of earning interest.
The interest rate that investment is earning for you is known as earned interest. For instance, if you invest $1,000 in an investment that yields 10% annually, your interest earnings for that year will be 10%, or $100.
A sum that a business receives from interest-bearing bank accounts or other investments. In the accounting period in which the interest is earned, the sum should be recorded as Interest Revenues, Interest Income, or Investment Revenues.
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The appropriate journal entry to record the transactions is: Debit Cash $7,840; Debit Sales discount $160; Credit Account receivable $8,000.
<h3 /><h3>Journal entry</h3>
The correct entry to record the transaction is:
November 17
Debit Cash $7,840
(98%×$8000)
Debit Sales discount $160
(2%×$8000)
Credit Account receivable $8,000
Therefore the appropriate journal entry to record the transactions is: Debit Cash $7,840; Debit Sales discount $160; Credit Account receivable $8,000.
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Answer:
B. The Organization will attempt to divest the weak line
Explanation:
First premise is to understand that there are two activities to consider for such companies. First is the Core business of the organisation and the second is the particular business line. A weak fit between the two means, resources are being wasted as they are not being maximized .
The organisation therefore will usually attempt to divest (sell off their interest or investment) in the business line and then focus all resources and attention on the core business. Doing this will therefore, strengthen the core business and cut off the waste in resources.
