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3 years ago

An income tax is progressive if the

Business

1 answer:

UkoKoshka [18]3 years ago

6 0

Answer:

Option C- An income tax is progressive if the percentage of income paid as taxes increases as income increases.

Explanation:

Majorly, there are three types of Tax systems; these are: Progressive, regressive and proportional.

A tax in which the tax rate increases as the taxable amount increases is known as a progressive tax.

The term "progressive" refers to the way the tax rate progresses from low to high, such that a taxpayer's average tax rate is less than the person's marginal tax rate.

Also,a progressive tax is applicable to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. It is imposed with the aim of reducing the tax incidence of people with a lower ability to pay, as such taxes shift the incidence increasingly to those with a higher ability-to-pay.

Thus, an income tax is progressive if the percentage of income paid as taxes increases as income increases.

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A marketing research is most likely to serve as a _____ in a new product development team. functional representative process man

Ludmilka [50]

Answer:

functional representative

Explanation:

A marketing research is most likely to serve as a functional representative in a new product development team.

Market research are conducted to know the viability of new goods and services in the market before it is launched. It is based on unbaised opinion of customers. It help the company to understand the target customer, pricing, other expectation of customer, which is extremely important in designing and developing new product. Therefore, market research serve as functional representative.

8 0

3 years ago

Mirage Inc., a management consulting firm, has experienced an expansion in its profit in the last four quarters. It plans to hir

Kamila [148]

Answer:

<u>growth.</u>

Explanation:

An organization's growth strategy is an action plan that the company will implement to achieve expansion of its activities.

For a company to grow effectively, it needs to be analyzed and planned for its growth strategy, so that there is restructuring and innovation that enables compliant growth to take advantage of business-related opportunities.

Customer expansion occurs when a company wants to expand its customer base by offering a higher quality service or product, hiring new employees to deliver superior service and support growth.

In a general context, organizations wishing to expand should look at the critical points such as investments, logistics, customers, communication, which require further restructuring of innovation and training, so that there are significant changes that positively affect all stakeholders.

7 0

3 years ago

Bank of College Park loaned $9,000 to a customer on May 1, 2018, accepting a 9-month, 8% note. The bank recorded the transaction

VMariaS [17]

Answer:

Interest receivable 480 Interest revenue 480

Explanation:

The adjusting entry is shown below:

Interest receivable Dr 480 ($9,000 × 8% × 8 months ÷ 12 months)

To Interest revenue 480

(Being the interest receivable is recorded)

The interest receivable is debited as it increased the assets and credited the interest revenue as it also increased the revenue

The eight months are considered from May 1,2018 to December 31,2018

6 0

3 years ago

A company uses proprietary computer software to offer services that other companies have not been able to emulate. These service

matrenka [14]

Answer:

C. Distinctive competence

Explanation:

Distinctive competence -

It refers to the complete skill and practice , which enables to give rise to a very tough competition to the rest of the organisations , and thereby makes the particular organisation to stand out from crowd , is referred to as the distinctive competence .

The distinctive competence of a particular company or firm act as a weapon or a protective agent during their tough time .

Hence , from the given scenario of the question ,

The correct answer is C. Distinctive competence .

8 0

3 years ago

Larson Manufacturing is considering purchasing a new injection-molding machine for $360 comma 000360,000 to expand its product

Anastaziya [24]

Answer:

If I bougth the Machine at 14% interest.

This purchase is not justified

Depreciation expenses and credit interest are greater than the income generated

Explanation:

Machine 360000

Adittional cost 20000

Final Cost 380000

Salvage Value 73000

Machine value for depreciation 307000

year 1 307000 61400 245600

year 2 245600 61400 184200

year 3 184200 61400 122800

year 4 122800 61400 61400

year 5 61400 61400 0

Period Payment Capital Interest Loan

360000

1 104.862 54.462 50.400 305.538

2 104.862 62.087 42.775 243.451

3 104.862 70.779 34.083 172.672

4 104.862 80.688 24.174 91.984

5 104.862 91.984 12.878 0

Depreciation 307000

Interes 164.310

Expenses 471.310

Revenue 430.000

8 0

3 years ago