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3 years ago

What statement about progressive taxes is true?

Business

1 answer:

vekshin13 years ago

4 0

B is the answer <span>B- the rate remains the same , even if income increases or decreases
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Which answer choice is not one of the top 10 abusive lending practices?

AlexFokin [52]

Answer:

a credit cards. This is the answer.

3 0

3 years ago

Read 2 more answers

Husker Corporation reports current E&P of negative $200,000 in 20X3 and accumulated E&P at the beginning of the year of

liubo4ka [24]

Answer:

Given that,

Current E&P = (-$200,000)

Accumulated E&P at the beginning of the year = $300,000

Distributed to his sole shareholders = $200,000

shareholder's tax basis = $50,000

As the ending accumulated E&P = $300,000 - $200,000

= $100,000

So, $100,000 would be treated as Dividend.

$50,000 would be treated as Tax free return of basis and the Balance $50,000 would be the capital gain for shareholder of Husker.

3 0

3 years ago

If a balance exists in the temporary moh account at the end of the period, it can be ignored for purposes of preparing the com

Volgvan

The statement "If a balance exists in the temporary MOH account at the end of the period, it can be ignored for purposes of preparing the company’s financial statements" is False.

The manufacturing overhead (MOH) price is the sum of all the oblique expenses which can be incurred while producing a product. Its miles brought to the value of the very last product alongside the direct cloth and direct labor prices.

Manufacturing overhead is a cost listed below the cost of income, in this case, referred to as the price of products synthetic. It's far something of a trap-all term for the expenses needed to run the facilities to manufacture the business's products intended on the market.

Examples of MOH

Electricity or gas is utilized in a manufacturing facility.
Different utilities, inclusive of water and trash provider.
Unexpected repairs.
Supervisors or managers within the factory.
Depreciation of a construction's value.
Rent and assets taxes.
Equipment depreciation.

Learn more about manufacturing overhead here brainly.com/question/13312583

#SPJ4

8 0

1 year ago

Freeze Ice Cream Shop sells its specialty shakes for $3.50 each. In the summer months, the shop typically sells 200 shakes a day

mamaluj [8]

As a result of the demand increasing only slightly compared to the reduction in price, the demand must be <u>inelastic</u>.

<h3>Why is the demand inelastic?</h3><h3 />

The demand is considered to be inelastic if the price elasticity is less than 1.

The price elasticity is:

= (%Change in quantity/% Change in price)

Solving gives:

= 15 / 200 ÷ 0.50 / 3.50

= -0.525

In conclusion, the demand for the shakes is inelastic.

Find out more on inelastic demand at brainly.com/question/1899986.

5 0

2 years ago

The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information (in thousands):

san4es73 [151]

Answer:

A. 136.2 days

Explanation:

To compute the average days inventory outstanding, first, we have to find out the inventory turnover ratio

Inventory turnover ratio = Cost of goods sold ÷ average inventory

where,

Average inventory = (Opening balance of inventory + ending balance of inventory) ÷ 2

= ($546,745 + $585,764) ÷ 2

= $566,254

And, the cost of good sold is $1,517,397

Now put these values to the above formula

So, the answer would be equal to

= $1,517,397 ÷ $566,254.50

= 2.67 times

Now, Days in inventory = Total number of days in a year ÷ inventory turnover ratio

= 365 days ÷ 2.67 times

= 136.70 days approx

5 0

2 years ago