Answer:
New demand = 189 boats
Explanation:
Given:
Total demand = 210 boats
Price = $22 million
Tax increase = 10%
Find:
New demand
Governments tax revenue
Computation:
price increase by 10% so, demand decrease by 10%
New demand = Total demand [100% - 10%]
New demand = 210 [90%]
New demand = 189 boats
Governments tax revenue = 189[($22million + 10%) - $22million]
Governments tax revenue = 189[$24.2 - $22million]
Governments tax revenue = $415.8 million]
Answer:
D. It makes all citizens pay the same percentage of their income in
taxes.
Explanation:
A proportional tax system imposes the same tax rate for all individuals regardless of the level of income. For example, if the tax rate is set at 5%, all taxpayers will be taxed at that rate. A person earning $10,000 will pay $500 (5% of 10,000) while the one earning $100,000 ( 5% of 5000)will pay $5,000.
A proportion tax system is also known as the Flat rate system. It is easy to compute and implement. The propositional tax system may appear to be fair because it treats all taxpayers equally and encourages people to earn more. However, it places a heavy tax burden on low-income earners.
Answer:
job T687 total cost 2,151 dollars
Explanation:
![\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate](https://tex.z-dn.net/?f=%5Cfrac%7BCost%5C%3A%20Of%20%5C%3AManufacturing%20%5C%3AOverhead%7D%7BCost%20%5C%3ADriver%7D%3D%20Overhead%20%5C%3ARate)
425,600 / 30,400 = 14 fixed overhead rate
14 fixed + 5 variable = 19
Job T687
<u>applied overhead:</u>
ovehread 20 machine hours x 19 = 381
now we add the three cost components for the total cost:
direct materials 590
direct Labor 1,180
overhead <u> 381 </u>
total 2,151
Answer:
Amount of Depreciation expense 2250
Explanation:
Situation
Original Value: $45000
Residual Value: $22500
Useful life: 10 years
To get depreciation expense with Straight-line method you have to get the difference between Original Value and Residual Value, then you divide that difference by the useful life
depreciation expense= (45000-22500)/10=2250
Hello There!
<span>During the selling era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising and selling.</span>
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