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1 year ago

Question 7 (Multiple Choice Worth 4 points)

Business

2 answers:

NikAS [45]1 year ago

7 0

Answer:

CEO earning 2.5 million

Explanation:

I got it right

Stolb23 [73]1 year ago

4 0

In a situation wherein Country Y has a progressive tax system for income, with no credits or deductions, a CEO earning $2.5 million per year would pay the most as a percentage of income in the country Y. Therefore, the option D holds true.

<h3>What is the significance of a progressive tax system?</h3>

A progressive tax system can be referred to or considered as a system wherein the percentage of tax to be levied increases with an increase in the total taxable income for an individual. The rates of taxation under this system are defined under percentage.

In the situation given above, when a CEO in country Y earns $2.5 million, i.e., more than any other person mentioned above, he will be the one who will have to pay the most taxes as a part of percentage of his income.

Therefore, the option D holds true and states regarding the significance of the progressive tax system.

Learn more about progressive tax system here:

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Go Blue Retail Store collected $12,000 of its accounts receivable. The expanded accounting equation changes include which of the

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The expanded accounting equation would include the following.

C.) Cash Increase and Accounts Receivable decrease of 12,000.

Initial journal entry would be:

debit: Accounts Receivable 12,000
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Collection of 12,000

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3 years ago

The value of Terrah's personal residence has declined significantly because of a recent forest fire in the area where she lives.

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Answer:

No because the decline in value of her residence does not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.

Explanation:

Terrah's house suffered no actual damage because of a recent forest fire in the area where she lives. Terrah cannot take a casualty loss for the decline in value of her residence caused by the fire as the decline in value of her residence dose not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.

Final answer:

No because the decline in value of her residence does not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.

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3 years ago

Two roadway design are under consideration. Design 1A will cost $3 million to build and $100,000 per year to maintain. Design 1B

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Answer:

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3 years ago

Price discrimination is a rational strategy for a profit-maximizing monopolist when A. consumers are unable to be segmented into

creativ13 [48]

Price discrimination is a rational strategy for a profit-maximizing monopolist when there is no opportunity for arbitrage across market segments.

Option: C

Explanation:

Price disparity is a pricing strategy in which businesses charge different rates to each consumer for the same goods or services depending on how much the consumer is actually willing to pay. The consumer usually doesn't know that such actions are taking place. Thus this help monopolies to earn more profit which is drived during market arbitrage, which is basically to reap the benefits of a price gap as it is a simultaneous bartering of the same commodity in various markets. It comes about because of asymmetric knowledge among sellers and buyers.

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3 years ago

What types of businesses are needed to make the product and deliver it to the final consumer.

Gnesinka [82]

Answer:

Manufacturing and Merchandising businesses

Explanation:

The type of Business needed to make the product is known as MANUFACTURING business. This business buys raw materials and refined them into products that later sell in bulk to wholesalers.

On the other hand, Merchandising business is a form of business that involves buying refined products at wholesale price and then sell to the final consumers.

Hence, in this case, then Greece answer is MANUFACTURING and MERCHANDIZING Business.

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3 years ago