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goldenfox [79]
3 years ago
5

If you were an elected official who wanted to increase tax revenues, which of the following would you prefer to use: individual

income, sales, property, corporate income, user fees, VAT or flat? Provide reasons for your decision.
Business
1 answer:
katrin [286]3 years ago
4 0

Answer:

sales tax

Explanation:

It does not choose discriminatory the more you spend the more you pay, from a moral perspective people would rather pay for what they get rather than what they make and then possibly invest or save. They would not want to pay taxes at least 3 times if it is an investment.

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Substitutes have a(n): Please choose the correct answer from the following choices, and then select the submit answer button. in
hjlf

Answer: positive cross elasticity of demand.

   

Explanation: In simple words, cross elasticity refers to the degree of change in the demand of a good with respect to change in the price of another goods.

In case of substitute goods, one good can easily be used in the place of another good. Thus, if the price of one good increases the demand for its substitute good also increases.

Hence from the above we can conclude that substitute goods have positive cross elasticity.

3 0
3 years ago
Grizzly Company had Retained Earnings at December 31, 2018 of $210,000. During 2019, the company had revenues of $410,000 and ba
NISA [10]

Answer:

Retained earnings on the December 31, 2019: $253,000

Explanation:

Ending balance in retained earnings is calculated by using following formula:

Ending balance in retained earnings = Beginning balance in retained earnings + Net income - Cash dividends - Stock dividends

Grizzly Company had Retained Earnings at December 31, 2018 of $210,000.  Beginning balance in retained earnings at January 01, 2019 is $210,000

Net income = Revenues - Expenses = $410,000 - $355,000 = $55,000

Ending balance in retained earnings = $210,000 + $55,000 - $12,000 = $253,000

4 0
3 years ago
According to the equation for the Phillips curve, if nominal wages and labor productivity both increase by 3%, then the inflatio
erastova [34]

Answer:

Increases, decreases

Explanation:

According to the equation for the Phillips curve, if nominal wages and labor productivity both increase by 3%, then the inflation rate increases and unemployment decreases.

The Phillips curve is an economic concept developed by A. W. Phillips stating that <u>inflation and unemployment have a stable and inverse relationship.</u> The theory claims that <u>with economic growth comes inflation</u>, which in turn should lead to more jobs and <u>less unemployment. </u>

<u>Therefore as given in the scenario, wage increase signifies economic growth which will lead to increase in inflation and a decrease in unemployment</u>

5 0
3 years ago
On the last day of December 2016, Camreyâs Trucks entered into a transaction that resulted in a receipt of $216,000 cash in adva
Andrei [34K]

Answer:

A. $ 1,293,470

B. $216,000

C. $128,000

Explanation:

A. Calculation for how much service revenue will be reflected on the december 31, 2016 income statement

Service Revenue show on the Trial Blance = $1,165,470

Add: Services which were neither billed nor paid = $ 128,000

Service Revenue reflected in the Dec.,31 2016 income statement =$ 1,293,470

Therefore how much service revenue will be reflected on the december 31, 2016 income statement will be $ 1,293,470

B. Calculation for how much will be reported on the December 31, 2016 Balance sheet as unearned revenue

Based on the information given we were told

that the company entered into a transaction which had resulted in the company receiving the amount of $216,000 as a cash in advance On the last day of the month of December 2016 which is related to services that will be provided during the month of January 2017 which means that the amount of $216,000 will be the amount of cash to be reported on December 31, 2016 Balance sheet as unearned revenue.

C. Calculation for how much that will be reported on the December 31, 2017 Balance sheet as accounts receivable

Based on the information given we were told that the During the month of December of 2016, the company as well rendered a service of the amount of $128,000 in which the service rendered were neither billed nor paid which means that the amount of cash the company will report on December 31, 2017 Balance sheet as accounts receivable will be $128,000.

6 0
3 years ago
Help me please please​
Jobisdone [24]

Answer:

#2 is false.

Explanation:

Every person has their own taste in clothes or have their own style,Not everyone of the same race has a certain style they ALL have to dress

7 0
2 years ago
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