Answer:
The correct option is A
Explanation:
Regressive tax is the kind of tax which is imposed or held in such a way or method, that the rate of tax decreases or falls as the amount subject to the taxation rises.
It describe the effect of distribution on the expenditure or on the income of the person, as the rate progresses or increases from high to low, so that it could make average tax rate increases or exceeds the marginal tax rate.
So, in this case, when both of went to purchase the oven, they have to pay extra 7%, in sales tax, which is a regressive tax.
Answer: (D)
Explanation: Reports and financial statements prepared by accountants are useful tools to evaluate an organisation's liquidity,solvency and stability. It helps the general public and other stakeholders to get the required data and information needed for decision making.
The inflationary trends shows the relationship between demand and supply in an economy which will help management to implement the necessary steps that will enhance it's operations.
The balance of trade between 2 countries provides necessary details for decision makers on when and how to improve or manage exports and imports.
Answer:
(B) False
Explanation:
In fact, if assets have a fixed monetary value, increasing the overall price level (inflation) will reduce the real value of these assets. Thus, the purchasing power of the holders of these assets will decrease. However, it is not correct to say that the holders of these titles have reduced their spending, since what determines spending is individual perceptions and needs. Some of the holders may decrease their spending in the face of an inflationary process, but others may maintain or even increase their spending.
Answer:
The answer is in the image attached
Explanation:
We will ultiply the output per worker by the amount of workers to get the output for each country
<u>United States:</u>
20 workers x 10 output each = 200 computers
20 workers x 80 output each = 1,600 tons of rice
<u>Thailand:</u>
10 x 4 = 40 computer
10 x 60 = 600 tons of rice
Answer:
D. transferred out during the process plus the units in the ending inventory.
Explanation:
Using the Weighted - Average process costing the equivalent units of production always equals the units completed and transferred plus equivalent units remaining in work in process.
Remember that to calculate the equivalent units remaining must multiplicate the units per the percentage of completion. In this case, the percentage is 100% of materials for the units remaining because were added at the beginning of the process.
