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3 years ago

Can someone help me with my recent question please

Business

1 answer:

Arisa [49]3 years ago

6 0

THE QUESTION:

You have been put in charge of the taxation of the Mars colony. You need to decide how to tax the citizens of the colony.Will you institute a progressive, regressive, or a flat tax on income? Will you institute excise taxes? If yes, what goods and services will you tax and why? Will you institute sales taxes, property taxes, or VAT on goods?

Explanation:

I am not good at these terms, but

I would not use a flat tax, as I know that it would make lot's of people's life harder, from the middle class, to lower class, that might put people in financial struggles. Instead, I would charge different taxes on people, judged on their income. That would help lot's, and would be a good deed. Also, I will also use property taxes, because most of the time, if you didn't have money to spare, you wouldn't spend it on a house, right? I might have sale taxes, which I would say depends on how much I need as a government on MaRs! :|)

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A company has the following activities and costs: machine setup of $500,000; machine repair of $100,000; and heating and lightin

Arada [10]

Answer:

250,000

Explanation:

The cost of consumption in a period is defined as utility cost.

Machine setup cost is actually a capital expense and Machine repair cost is needed to maintain the operations/working of the machine.

The only consumption in this example is Heating and lighting cost. The electricity / Gas is used for this purpose.

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4 years ago

What types of planning do you do in your personal life? Describe these

asambeis [7]

Answer:

Every day we perform series of activities in which few are very important while other may not be. But to perform every activity, we need to design the things systematically. We prioritize our activities as per their importance and then we take the action to make it fruitful. As per their value and importance we may develop following types of plan in our daily life;

Strategic or operational plan: Strategic or Operational Plan means an arsenal plan which tells how we can achieve the ultimate goal of our given task by creating clear and defined steps. As an operational plan, if we have an important task in our hand then we have to create step by step action which is oriented towards achievement of overall objective. Eg: If Periodical exams are due for...

4 0

3 years ago

diversification reduces the risk of a portfolio because the prices of different securities do not move exactly together. a.true

Elis [28]

False. Diversification cannot reduce the risk of a portfolio because the prices of different securities do not move exactly together.

A diversified portfolio is a collection of various investments that work together to lower the overall risk profile of the investor. Owning stocks from a variety of various sectors, nations, and risk profiles as well as other investments like bonds, commodities, and real estate are examples of diversification.

Although it can help you control risk by distributing your investment funds among several asset classes and types of securities, diversification cannot completely remove risk or ensure a profit. The chance of losing money still exists.

For more questions like Diversification click the link below:

brainly.com/question/14091176

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5 0

1 year ago

When $2,500 of accounts receivable are determined to be uncollectible, which of the following should the company record to write

never [62]

Answer:

d. A debit to Allowance for Uncollectible accounts and a credit to accounts receivable

Explanation:

In an entity using the allowance method all write offs of receivables are routed through the allowance account.

The allowance account is credited with the estimated amount of uncollectible accounts and the bad debts expense account is debited.

When an account receivable is written off it is debited to the allowance for uncollectible accounts is debited and receivable accounts is credited.

5 0

3 years ago

The following information pertains to Flaxman Manufacturing Company for March 2018. Assume actual overhead equaled applied overh

Brilliant_brown [7]

Answer:

Gross Margin 84,000

Explanation:

<em><u>Flaxman Manufacturing Company </u></em>

Income Statement for March 2018

Sales revenues 380,000

March 1 Inventory balance Raw materials $ 100,000

Add Raw Materials Purchased $ 120,000

Less March 31 Inventory balance Raw materials $ 60,000

Raw Materials Used 160,000

Costs of direct labor 100,000

Costs of manufacturing overhead 63,000

Total Manufacturing Costs 323,000

Add Work in process 120,000

Cost Of Goods Available for Manufacturing 443,000

Less Ending Work in process 145,000

Cost of Goods Manufactured 298,000

Add Finished goods 78,000

Cost of Goods Available for Sale 376,000

Less Ending Finished goods 80,000

Cost of Goods Sold 296,000

Gross Margin 84,000

By subtracting Cost of Good Sold from Sales Revenue we get Gross Margin.

The cost of goods sold is calculated as shown above.

4 0

4 years ago