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sergij07 [2.7K]

3 years ago

13

If government tax policy requires Bill to pay $20,000 in taxes on annual income of $200,000 and Paul to pay $10,000 in tax on an

nual income of $100,000, then the tax policy is:

1 answer:

Eddi Din [679]3 years ago

3 0

The answer to this question is regressive

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Altoon Manufacturing's records were partially destroyed in a flood. The company does not know what sales have been for the year,

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Answer:

a. $164,000

Explanation:

The computation of the Altoon Manufacturing's sales for the year until the flood is given below:

= Cash collections + ending receivables - opening receivables

= $158,000 + $25,000 - $19,000

= $164,000

hence, the Altoon Manufacturing's sales for the year until the flood is $164,000

Therefore the first option is correct

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On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June

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Answer:

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First quarter Second quarter Total

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Planned ending 1,675 1,750 1,750

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Total production 6,875 8,450 13,650

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Raw materials budget

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First quarter Second quarter Total

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purchased

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direct materials

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