1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DIA [1.3K]
4 years ago
14

This year, State A raised revenues by increasing its general sales tax rate from 5 percent to 6 percent. Because of the increase

, the volume of taxable sales declined from $890 million to $759 million. In contrast, State Z raised revenues from its 5 percent sales tax by expanding the tax base to include certain retail services. The volume of services subject to tax was $145 million. Compute the additional revenue raised by State A. Compute the additional revenue raised by State Z.
Business
1 answer:
mihalych1998 [28]4 years ago
4 0

Answer: (a) $1.04 million

(b) $7.25 million

Explanation:

Additional revenue raised by State A :

Initial revenue = $(5% x 890) million

                         = $ 44.5 million

Revenue from increased tax rate = $(6% x 759) million

                                                       = $45.54 million

Additional Revenue raised by State A = $ (45.54 - 44.5)million

                                                               = $1.04 million

Additional revenue raised by State Z :

Revenue from increased tax base = $(5% x 145) million

                                                         = $7.25 million

You might be interested in
Which of the following is an example of representative money?
Leto [7]
"Representative money<span> is an item such as a token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value, such as gold, silver, copper, and even tobacco" Google.

</span>C) A check. 

5 0
3 years ago
Read 2 more answers
Some club members want to increase membership dues by $7.00.Other club members want to increase them by $3.00.They have reached
Kipish [7]

Answer:

Option E (Compromising) would be the correct choice.

Explanation:

  • A conflict mediation method of consensus attempts to discover a reason to reasonably pleasing parties and from both sides of the debate.
  • When it becomes more necessary to optimize a compromise than for the conclusion to always be perfect, a deadline is fast approaching, even at such an ongoing crisis, because you need a workable measure only for the moment, such style might be suitable to be using.

The other choices aren't relevant to the situation presented. Because otherwise, that is the right answer.

5 0
3 years ago
A five-year project has a projected net cash flow of $15,000, $25,000, $30,000, $20,000, and $15,000 in the next five years. It
riadik2000 [5.3K]

The value of Net present value is $12,895.45.

Given that

initial investment = $50,000

1st-year cash flow = $15,000

2nd-year cash flow =$ 25,000

3rd-year cash flow =$ 30,000

4th-year cash flow = $20,000

5th-year cash flow = $15,000

rate = 20%

using formula

NPV = \frac{R}{({1+i})^t}

NPV = \frac{15000}{({1+0.20})^5}\\NPV = 12895.45

<h3>What is Net Present value?</h3>
  • The current value of a future stream of payments from a business, project, or investment is determined using net present value, or NPV.
  • You must predict the timing and size of future cash flows in order to determine NPV, and you must choose a discount rate that is equal to the least allowable rate of return.
  • Your cost of capital or the rewards offered by substitute investments with comparable risk may be reflected in the discount rate.
  • Positive NPV indicates that the rate of return on a project or investment will be higher than the discount rate.
  • to learn more about Net present value with the given link

brainly.com/question/14293955

#SPJ4

4 0
2 years ago
ANSWER ALL MULTIPLE CHOICE QUESTIONS 1. The index used to measure inflation is the a. consumer price index. b. producer price in
9966 [12]

Answer:

15

Explanation:

15151515151515152515255151251512512

5 0
3 years ago
1. If the price of the share grows as the company grows, how does buying 25 points
Simora [160]

Answer: b. An investor will be able to sell these shares for a higher price and make a profit.

Explanation:

Capital gains are a way to earn a return from owning stock in a company. They involve buying stock at a certain price and then selling the stock when the price increases. The difference between the selling and the buying prices is your capital gain.

This is the benefit to the investor here. If they buy a stock that grows with the company. They will be able to sell at a higher price eventually such that they will make a capital gain.

6 0
3 years ago
Other questions:
  • Rodriguez Company pays $375,000 for real estate plus $19,875 in closing costs. The real estate consists of land appraised at $18
    13·2 answers
  • An algebra class has 20 students and 20 desks. for the sake of variety, students change the seating arrangement each day. how ma
    5·1 answer
  • Jordan loaned taylor $1,200 on march 15, 2009. taylor returned $1,260 on march 14, 2010. inflation was 2% over the 1-year period
    11·1 answer
  • The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statemen
    9·1 answer
  • Even though federal law mandates that workers and firms each pay half of the total fica tax, the tax burden may not fall equally
    12·1 answer
  • Which scenario BEST represents monopolistic competition?
    5·2 answers
  • A circular flow model shows the interrelationship between the​ ____ markets and the​ ____ markets. A. ​goods; factor B. ​expendi
    14·1 answer
  • When a location includes both quantitative and qualitative inputs, a technique that can be used is: Group of answer choices Line
    12·1 answer
  • Bretts Construction Company had a contract starting April 2017, to construct a $6,000,000 building that is expected to be comple
    10·1 answer
  • For several years, Mountain Home University had used IBM computers. Recently, Apple Computers offered them a better machine at l
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!