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Anna11 [10]
3 years ago
15

Some colleges charge all students the same “activity fee.” Suppose that students differ by how many campus activities they engag

e in. This charge is most like a. an excise tax which conforms to the benefits principle. b. an excise tax which violates the benefits principle. c. a lump-sum tax which conforms to the benefits principle. d. a lump-sum tax which violates the benefits principle.
Business
1 answer:
MAXImum [283]3 years ago
6 0

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.

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Home Value Inc., Max Cart Inc., and Nice Necessities Inc. are three consumer-product retailing companies. Their products consist
algol [13]

Answer:

i have no idea but i do know that getting brainliest would be nice lol

Explanation:

4 0
3 years ago
A direct participation program shows the following operation results: Revenues: $3 million Operating expense: $1 million Interes
stiks02 [169]

Answer:

The cash flow from program operation is $1,600,000.

Explanation:

Prepare the Cash Flow from Operating Activities Section to determine the cash flow from program operation.

<u>Cash Flow from Operating Activities</u>

Revenue                                                     $3,000,000

Less Expenses :

Operating Expenses           $1,000,000

Interest expense                   $200,000

Management fees                 $200,000

Depreciation                       $3,000,000  ($4,400,000)

Operating Profit / (Loss)                            ($1,400,000)

Add Back Depreciation                             $3,000,000

Operating Cash flow                                  $1,600,000

3 0
3 years ago
What’s cash discount
swat32

Cash discount is a reduction in total price of goods and services for prompt payment.

Explanation:

It is given to enhance prompt payment and to discourage trade credit.

Let's assume a Company offers some certain percentage of discount for prompt payment. A goods cost #100,000 for instance. And then for payment within 10 days, 20% discount will be given, payment between day 11 to 15 days of purchasing the goods 15% discount and payment within 16 to 20 days attracts 10%. It means any customer who pays within the first 10 days of purchasing the goods get a discount of #20,000 (i.e 20% of #100,000), hence pays #80,000 for the good. A payment within day 11 to 15 of purchase gets 15% discount, so is allowed only #15,000 (i.e 15% of #100,000), so pays #85,000 while payment made within day 16 to 20 of purchase attracts only #10,000 discount (i.e 10% of #100,000), so he pays only #90,000. No discount will be given to payment made above 20 days of purchase and the full #100,000 will be paid.

Cash discount is also called Early payment discount

8 0
4 years ago
Companies support the adoption of international financial reporting standards because
I am Lyosha [343]
<h2>IFRS brings transparency, accountability and efficiency to finanacial market across the globe.</h2>

Explanation:

IFRS - International Financial Reporting Standards

Transparency:

  • Done by enhancing the

            a) international comparability

             b) quality of financial information,

  • enabling investors to make "economic decisions"

Accountability:

  • It strengthens this aspect by reducing the information gaps

Efficiency:

  • Helps investors to identify market opportunities
  • Alert about the risks across the world
  • lowers the Capital cost
3 0
3 years ago
An upcoming convention has secured 300 rooms at $140 per room for Friday night. The rack rate for Friday night is $250 per room
m_a_m_a [10]

Answer:

$67,000

Explanation:

The total revenue will be income from the 300 rooms and that from 100 rooms

=(300 x $140) + ($100 x 250)

=$42,000 +$25,000

=$67,000

6 0
3 years ago
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