Answer:
regressive
Explanation:
A regressive tax is basically a tax whose rate increases as your income decreases. Generally you do not need to increase the marginal tax rate of lower income levels, all you need to do is have a flat tax that taxes everyone with the same amount. E.g. everyone pays $2,000 as income taxes. $2,000 per person represents 10% of the first household's income, but it only represents 2.7% of the fourth household's income.
On the other hand, progressive taxes increase as the income level of the taxpayers increases.
Answer:
C. The equipment should be recorded at $2,000 in the accounting records because that was the exchange price.
Explanation:
The equipment should simply be recorded at $2,000. For example, if it was paid in cash, the journal entry would be:
Account Debit Credit
Equipment $2,000
Cash $2,000
The fact that it would cost $4,000 to replace it does not mean that it will be replaced. It is only a hypothetical scenario that should not be recorded in the accounting journal, because it does not reflect economic reality.
Answer:
B. Return on Equity = 3.17%
Explanation:
The return on common stockholder's equity is a profitability measure showing how much net return the company is providing on the equity invested by shareholders.
The equity of common stockholders is made up of Share capital and reserves. The common shares is just one part of equity.
To calculate the return on equity, the formula is:
Return on Common Equity = Net Income / Shareholder's Equity
Here, the Net income is 665 m while the shareholder's equity is 18000m.
Return on equity = 665 / 18000 = 0.0369 or 3.69% rounded off to 3.7%
So, B is the correct answer
Answer:
Four of the concepts are external decision makers and the other four are internal decision makers.
Explanation:
a. customer E
b. pany manager I
c. Internal Revenue Service I
d. lender E
e. investor E
f. controller I
g. cost accountant I
h. SEC E
Answer:
supply chain management is the accurate answer, but due to the option provided i'll go for 4. Partnership relationship marketing
Explanation:
