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3 years ago

On which group will a progressive tax place a greater tax burden?

2 answers:

5 0

Poor citizens will be greatly affected by a increase in taxes,nobody takes into account there day to day living,rent,utilities,food and that's just to name a few.

Mama L [17]3 years ago

5 0

Answer:

The answer is D. Wealthy citizens

Explanation:

aced the test

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Financial literacy includes information about income, banking, loans, and credit cards.

mote1985 [20]

True, it does include those

4 0

2 years ago

Read 2 more answers

A manager is requested to help whenever there is a breakdown in a firm's production line. Which primary skills does this manager

exis [7]

Answer:

engineering

Explanation:

if there is a break down the manager should be able to fix it using engineering.

7 0

2 years ago

The following are the transactions for the month of July. Units Unit Cost Unit Selling Price July 1 Beginning Inventory 40 $ 10

Agata [3.3K]

Answer:

(a) FIFO (b) LIFO (c) weighted

average cost:

Cost of goods available for sale $2,600 $2,600 $2,600

Ending inventory 1,540 1,500 1,516

Sales $1,400 $1,400 1,400

Cost of goods sold 1,060 1,100 1,083

Gross profit $340 $300 $317

Explanation:

a) Data and Calculations:

Units Unit Cost Unit Selling Price

July 1 Beginning Inventory 40 $ 10 $400

July 13 Purchase 200 11 2,200

July 25 Sold ( 100 ) $ 14 (1,400)

July 31 Ending Inventory 140

July 31 Goods available 240

Average unit cost = $10.83 ($2,600/240)

FIFO:

Cost of goods available for sale $2,600 ($400 + $2,200)

Ending inventory 1,540 (140 * $11)

Sales $1,400 ($14 * 100)

Cost of goods sold 1,060 (40 * $10 + 60 * $11)

Gross profit $340

LIFO:

Cost of goods available for sale $2,600 ($400 + $2,200)

Ending inventory 1,500 (40 * $10 + 100 * $11)

Sales $1,400 ($14 * 100)

Cost of goods sold 1,100 (100 * $11)

Gross profit $300

Weighted Average:

Cost of goods available for sale $2,600 ($400 + $2,200)

Ending inventory 1,516 (140 * $10.83)

Sales $1,400 ($14 * 100)

Cost of goods sold 1,083 (100 * $10.83)

Gross profit $317

4 0

3 years ago

Disagreement about an employee’s performance as perceived by different sources is ____________ a problem.

Nadya [2.5K]

Answer:

AY YO

Explanation:

6 0

2 years ago

The total assets on the balance sheet was $128,800 before journalizing and posting the adjusting entries for $800 of expired ins

Tanya [424]

Given:

Total assets before journalizing and posting the adjusting = $128,800

Expired insurance = $800

Expired rent = $2,400

Depreciation = $900

To find:

Total assets after journalizing and posting the adjusting

Solution:

To determine the value of the total assets after journalizing and posting the adjustment, we have to subtract all the given values i.e, the expired rent, expired insurance and the depreciation values from the total assets before journalizing and posting the adjusting.

The calculation is as follows,

Total assets after journalizing and posting the adjusting

$\Rightarrow\$128,800 - \$800 - \$2,400 - \$900 = \$124,700$

Therefore, the required value of the total assets after journalizing and posting the adjusting is $124,700.

8 0

3 years ago