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masya89 [10]
3 years ago
14

The United States has a regressive tax system. True False

Business
2 answers:
defon3 years ago
8 0

The Correct answer is False

LenKa [72]3 years ago
5 0

Answer: False

Explanation:

 The given statement is false as, the united state basically has the progressive tax system rather than regressive tex system. The regressive tax is the type of system in which the average rate of the tax are get decreases with the amount of the tax.

The progressive tex system is used in the united state as compared to the regressive tax as the progressive tax has the large percentage of the income tax.

Therefore, the regressive tax system is not used in the united state.

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A job was timed for 60 cycles and had an average of 1.2 minutes per piece. The performance rating was 95 percent, and workday al
Igoryamba

Answer and Explanation:

The computation is given below:

a) Observation time is

= Average time

= 1.2 minutes

b) Normal time is

= Observation time × performance rating

= 1.2 minutes × 0.95

= 1.14 minutes

c. The standard time is  

= Normal time × allowance factor

= 1.14 × 1.11

= 1.265 minutes.

The allowance factor is  

= 1 ÷ (1 -  Allowances)

= 1 ÷ (1 - 0.1)

= 1.11

8 0
3 years ago
On April​ 1, 2017, Planet Services received​ $8,000 in advance of performing the services from a customer for three months of se
mestny [16]

Answer:

The correct answer is B

Explanation:

The journal entry which is to be recorded for the service revenue at the end of May is as follows:

Unearned Revenue A/c..............Dr    $5,333​

             Service RevenueA/c...........Cr    $5,333.

Working Note:

Revenue = Total amount × Number of months / Total months

where

Amount is $8,000

Number of months means at the end of May which is a 2nd month

Total months is 3 months (April, May and June)

= $8,000 × 2 / 3

= $5,333

6 0
3 years ago
Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the b
Anna71 [15]

Answer:

The following statements are true about the chart of accounts:

a. Different companies use different charts of accounts based on individual company need.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

a. Different companies use different charts of accounts based on individual company need.

b. The chart of accounts contains the balance of all of the accounts in a ledger.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

d. The chart of accounts can be ordered in any sequence because they are not formal financial systems.

The explanation of the answer is now provided as follows:

A chart of accounts can be described as a list of financial accounts that an accountant sets up for an organization and makes available to the bookkeeper for inputting transactions into the general ledger.

Therefore, the chart of accounts for each account type should be organized in a logical sequence. Depending on the needs of the business, different organizations employ different charts of accounts.

Based on the explanation above, the following statements are true about the chart of accounts:

a. Different companies use different charts of accounts based on individual company need.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

8 0
3 years ago
Nike allows customers to design their own sneakers, which improves the value customers see in the brand. this is an example of?
Stels [109]

This is an example of <u>value co-creation.</u>

<u></u>

<u></u>

<u></u>

What is value co-creation?

  • Value co-creation is the joint creation of value by the company and the customers, allowing the customers to co-construct the service experience to suit their context.
  • Subsequently, given that the co-creation of value not only affects the bilateral relationship between the consumer and the company, the definition has been transformed to incorporate the multiple agents involved in the process.
  • Value co-creation describes the way actors behave, interact, interpret, experience, use, and evaluate propositions based on the social construction of which they are a part.
  • The first studies on co-creation assimilated this concept to that of co-production, defined as the participation of the consumer in some of the phases of the development of new products, mainly applied in leading brands.

To know more about value co-creation, refer:

brainly.com/question/14970562

#SPJ4

8 0
1 year ago
accounting Which organization has the authority over the accounting and financial disclosures for companies whose shares of owne
Ivan

Answer:

Securities Exchange Commission (SEC)

Explanation:

Securities Exchange Commission (SEC) have a mission of protecting investors, ensuring a fair and efficient market, and encourage capital formation.

They monitor participants in the securities markets by ensuring there is disclosure of important information regarding the market, maintain fair dealing, and protect participants against fraud.

Therefore SEC has the authority over the accounting and financial disclosures for companies whose shares of ownership (stock) are traded and sold to the public.

These measures are in place to protect investors.

6 0
3 years ago
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