Answer:
D) Both A. and B. are true.
- A) The schedule provides no information as to whether Jurisdiction M's tax is horizontally equitable.
- B) Jurisdiction M's tax is vertically equitable.
Explanation:
When we are talking about horizontal equity of a tax, we are talking about how the tax base is measured and the ability that taxpayers have to pay the tax. There is nothing here about tax base or taxpayers' ability to pay.
On the other hand, vertical equity deals with the tax rate structure. In this case, the tax rate is progressive, meaning that it increases as the taxpayers' income increases. Progressive taxes are vertically equitable.
They study earth and the materials it's made from.
Answer:
The long-run aggregate supply curve will not shift if there is a change in
A change in the price level only results in a movement along the long-run aggregate supply curve, it doesn't cause a shift. Only when the quantity of factors of production changes, will the LRAS curve shift.
All of the following will shift the short-run aggregate supply and the long-run aggregate supply except for
- C. a temporary change in input prices.
Basically the same logic as the previous answer, a change in price level doesn' shift the LRAS curve.
Answer:
A) FIFO costing method
B) LIFO cost method
Explanation:
Pinkie copy center income tax expense ending December 31
Average cost FIFO LIFO
Sales revenue 13860 13860 13860
Cost of goods sold 6300 6246 6363
Gross profit 7560 7614 7497
Operating expense 4000 4000 4000
Net income before tax 3560 3614 3497
Income tax expense 1424 1446 1399
Net income 2136 2168 2098
Answer:
Combine strategic information
Explanation:
A data warehouse can be defined as a large collection of data gathered or collected from various sources within an organization and managed to provide a guide for making decisions by the management.
This ultimately implies that, a data warehouse avails the management of an organization the ability to collect, analyze and manage data in order to gain meaningful insights and aid in the decision-making process.
Hence, the primary purpose of a data warehouse is to help or avail a business firm the ability to combine strategic information with respect to the operations of the business.
