Answer: (d.) A lump-sum tax which violates the benefits principle.
Explanation:
Here the tax is an amount, i.e. it is lump-sum and it violates benefit principle because they are not taxed according to their willingness to pay.
Also a same fee is charged from all the students irrespective of their level of activity, i.e. a lump sum tax.
Therefore it is violating the benefits principle because the fee is independent of the campus activities. A student might be receiving greater benefits than the other in terms of higher campus activities but is paying the same fee.
Answer:
$12,245
Explanation:
January:
Total value = Units left in inventory × cost per unit
= (28 - 19) × $210
= $1,890
February:
Total value = Units left in inventory × cost per unit
= (38 - 18) × $215
= $4,300
May:
Total value = Units left in inventory × cost per unit
= (33 - 22) × $220
= $2,420
September:
Total value = Units left in inventory × cost per unit
= (30 - 21) × $225
= $2,025
November:
Total value = Units left in inventory × cost per unit
= (35 - 28) × $230
= $1,610
Cost of the ending inventory:
= $1,890 + $4,300 + $2,420 + $2,025 + $1,610
= $12,245
Answer:
Cash Sales : we add up all the cash sales for the week to get total cash sales, cash sales will be from cash receipts journal and or cash register tapes.
Cash shortages will be the difference between cash sales and cash counts or cash on hand.
Journal Entry
Debit Cash ( as per the cash count), Debit Cash shortage(difference and is an expense) Credit cash Sales (as per register)
Explanation:
The Question is incomplete but when dealing with cash there must be internal controls put in place to monitor or reduce any potential risks, risks like cash shortages. Jim must everyday count the cash with the cashier that was at the cash register. Daily the cash register tape must be compared to the deposits that is a control to avoid cash shortages and each employee must have separate register tapes or there must be identification and or a way to know which clerk made what transactions.
The gold standard of the 1900 ended the system that is known as the practice of bimetallism.
The gold standard act of the year 1900 was signed by President McKinley. This made gold to be the singular basis for the redemption of paper money in the United States.
This signing by the president was what put halt to what was regarded as bimetallism. This was the system that also allowed the use of silver also for the sake of monetary purposes.
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Alpha level is a probability value that is used to define the concept of "very unlikely" in a hypothesis. This value determines he boundaries for the critical region, which is composed of the extreme sample values that are very unlikely to be obtained if the null hypothesis is true. Type I error is <span>when a researcher rejects a true null hypothesis.</span>
The relationship between the alpha level, the size of the critical region, and the risk of a type i error is the following: when the alpha level increases, the critical region increases and type I error increases.
