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vazorg [7]
3 years ago
7

The commissioners for Walker County are actively negotiating with Falcon Industries regarding the location of a new manufacturin

g plant in the area. As Falcon is considering several other sites, a "generous tax holiday" may be needed to influence the final choice. The local school district is opposed to any "generous tax holiday." a. What would probably be involved in a generous tax holiday? In this case, the "tax holiday" probably concerns exemption from ________. b. Select either "True" or "False" to indicate why the school district would oppose a generous holiday tax. • Due to the erosion of the tax base, less revenue would be forthcoming to the school district. • The school district would only get a percentage of the tax holiday funds. • New workers would mean new families and more children to educate.
Business
1 answer:
Inessa05 [86]3 years ago
5 0

Answer:

Explanation:

The local school district will be opposed to any "generous tax holiday" because

A. What would probably be involved in a generous tax holiday? In this case, the "tax holiday" probably concerns exemption from Tax.

A tax holiday is granted by the government as an incentive to businesses that offers a tax reduction or elimination.

B. Select either "True" or "False" to indicate why the school district would oppose a generous holiday tax.

• Due to the erosion of the tax base, less revenue would be forthcoming to the school district. True

In accordance with the definition of a tax holiday which means reduction or elimination of Taxes, the school district will be in opposition to granting a tax holiday because it will amount to a reduction in revenue.

• The school district would only get a percentage of the tax holiday funds. False

This assumption and conclusion is not a possible deduction from the information in the scenario,  however in the case that the tax holiday implies a reduction in tax payable, that will lead to only receiving part of what would have been expected as tax revenue.

• New workers would mean new families and more children to educate.

False

This assumption and conclusion is not a possible deduction from the information in the scenario and has no bearing with the meaning of a tax holiday.

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Based on a predicted level of production and sales of 12,000 units, a company anticipates reporting operating income of $26,000
dexar [7]

Answer:

Fixed Cost = $10,000

Variable Costs = $90,000

Explanation:

Variable Cost per unit = $72,000 ÷ 12,000

                                      = $6

Variable Costs at 15,000 units = $6 x 15,000

                                                   = $90,000

Fixed Cost (given) = $10,000

8 0
2 years ago
Which is a feature of a perfectly competitive market?
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Answer: products are standardized or homogeneous

Explanation:

 Products are standardized or homogeneous for the perfectly competitive market as, in the case of the competitive industry there are no barriers in the industry to entry. The products are homogeneous in the nature and there is large numbers of the firms are perfectly substituted in the industry. So, the price elasticity of the demand for the firm product is infinite.

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3 years ago
Ice Cream Corporation uses the weighted-average method in its process costing system. Data concerning the first processing depar
olya-2409 [2.1K]

Answer:

Ice Cream Corporation

The cost per equivalent unit for materials for the month in the first processing department is closest to:

= $14.30.

Explanation:

a) Data and Calculations:

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Beginning work in process     2,400      $ 14,500           $ 6,600

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Beginning work in process                        75%                   20%

Started into production          11,100

Units in production               13,500

Completed and transferred 10,000

Ending work in process         3,500         90%                  30%

Costs added during the month             $173,600       $243,600

Total costs of production

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Total costs of production            $188,100        $250,200

Equivalent units of production:

Completed and transferred 10,000   10,000 (100%)   10,000 (100%)

Ending work in process         3,500     3,150 (90%)       1,050 (30%)

Equivalent units of production            13,150                11,050

Cost per equivalent unit:

Total costs of production            $188,100        $250,200

Equivalent units of production        13,150              11,050

Cost per equivalent unit                 $14.30            $22.64

5 0
3 years ago
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Answer:

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The report showing the Activity and Spending  Variances for march is given in the file attached below, in other not to cause confusion. Thank you.

Download docx
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