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3 years ago

The ultimate economic burden of a tax is best captured by

1 answer:

3 0

<span>The ultimate economic burden of a tax is best captured by the effective tax rate. The effective tax rate averages how much in taxes must be paid by citizens and companies. To determine one's effective tax rate they must divide their income tax expenses by the income they earned before taxes. This tax is known as the burden tax because it strain it puts on an individual, due to the money it makes people owe.</span>

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Help ?

morpeh [17]

Explanation: Unclear question, however, I infer you want to know why the company ignored the fact it was sponsoring a rebel and terrorist organisation that had no regard for human rights.

This was because Chiquita's Banadex were likely only concerned about their employee safety.

8 0

4 years ago

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.

5 0

4 years ago

You go to an all-you-can-eat buffet. Once you pay the price to enter the buffet, you can fill your plate as much as you want at

Snowcat [4.5K]

Answer:

Explanation:

Marginal utility refers to the extra satisfaction derived, which is expressed in utils, when an additional unit of a commodity is consumed.

Total utility reaches it's maximum point when marginal utility is zero. As total utility begins to fall, the marginal utility becomes negative.

Alfred Marshall cited the law of diminishing marginal utility, which states, as more and more units of a commodity are consumed, the successive utility derived must fall.

In the given case, if utility is maximized, the marginal utility derived from the last bite eaten would be zero.

3 0

3 years ago

Brief Exercise 229 On January 1, the Biddle & Biddle, CPAs received a $7,500 cash retainer for accounting services to be pro

Gnoma [55]

Answer:

Debit Credit

Unearned revenue $2,500

($7,500/3)

Revenue $2,500

Explanation:

The following adjusting entry shall be recorded in the accounts of the Biddle and Biddle, on January 31, in respect of revenue earned by it from accounting services:

Debit Credit

Unearned revenue $2,500

($7,500/3)

Revenue $2,500

5 0

3 years ago

Willow Creek Nursery, with an authorization of 72,000 shares of preferred stock and 210,000 shares of common stock, completed se

GaryK [48]

Answer:

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $4,000,500

To Common stock $2,540,000

To Paid-In Capital in Excess of Par-Common Stock $1,460,500

(Being issuance of the common stock is recorded)

2. Land A/c Dr $860,000

Building A/c Dr $2,533,000

To Preferred Stock $2,925,000

To Paid-In Capital in Excess of Par-Preferred Stock $468,000

(Being issuance of the preferred stock is recorded)

All other information which is given is not relevant. Hence, ignored it

8 0

3 years ago