Answer:
A
Explanation:
A regressive tax is a tax system where the same tax rate is applied uniformly. As a result, those earning less income are taxed higher than those earning more income.
Sales tax is an example of a regressive tax.
If sales tax is 5%. Worker A earns $100 and worker B earns $1000. Both buy a good worth $50 before tax. the sales tax is worth $2.5.
The tax comprises $2,5 / 100 = 2.5% of worker A's income and $2,5 / $1000 = 0.025% of Worker B's income.
It can be seen that worker A who earns less income is taxed higher
Answer:
Increase in weakly revenue = $9.8
Explanation:
Price (P) = 100, Demand or Sales N (P) = 120.
So revenue R(P) = P x N(P) = 120 x 100 = 120000
Given : 2 sales per week lost for 10 units increase in price.
New price (P') = 110 , New Demand or sales N' (P) = 118
So new revenue R' (P) = P' x N' P = 110 x 118 = 12980
Change in Total revenue due to 10 units price rise = 12980 - 120000 = 980
So, change in total revenue due to one unit price rise = 980/ 10 = 9.8
Each value in nature has a number part, called its Magnitude
Answer:
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Answer:
The common fixed expenses = $246,000
Explanation:
Common fixed expenses are those costs that do not change with change in production volume, are not limited to a single segment of a business. In this example for a company with two divisions: Remodeling and new home construction, the administrative assistants' and president's salaries are fixed, because their annual salaries remain the same irrespective of the number of clients gotten during the year, and it is common because these two sectors (administration and presidency) are not directly traceable to any of the two divisions of the company, they are generally involved.
Therefore, the common fixed expenses are the salaries of the administrative assistants and the president which are:
Common fixed cost = 52,000 + 38,000 + 156,000 = $246,000
