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3 years ago

A higher marginal income tax rate reduces incentives to work because

1 answer:

7 0

An increase in the marginal income tax rate is likely to decrease the quantity of labor supplied. because the increase in the tax automatically reduces the profit of the firm. the management will always try to compensate their loss by taking necessary reforms or measures. the first and simplest method to reduce the loss is to cut down the expense by reducing the labour involved.

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My question is how much do you love Jesus

stiks02 [169]

Answer:

I love him with all my heart.

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3 years ago

HELPP

Ipatiy [6.2K]

if he have 25 in the way you want to be ready to be in a society that is a very important thing

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2 years ago

Pacific Company sells only one product for $ 12 per unit, variable production costs are $ 3 per unit, and selling and administ

AveGali [126]

Answer: The operating income is $76 comma 500 when 11 comma 000 units are sold.

Explanation:

Selling price = $12 / unit

Variable cost of production = $3 / unit

Selling and Admin cost = $1.5 / unit

Fixed cost for 11 comma 000 units are $ 6 comma 000.

For 11 comma 000 units,

Sales = 12 x 11000 = $132000

cost of production = 3 x 11000 = $33000

Selling and Admin cost = 1.5 x 11000 =$16500

Fixed cost = $6000

Operating Income = Sales - Cost of Production - Selling and Admin cost - Fixed cost

Operating income = 132000 - 33000 - 16500 - 6000 = $76,500

The operating income is $76 comma 500 when 11 comma 000 units are sold.

4 0

3 years ago

Read 2 more answers

Accounting for manufacturing overhead. Creative Woodworking uses normal costing and allocates manufacturing overhead to jobs bas

VikaD [51]

Answer:

a) Budgeted manufacturing overhead rate = budgeted overhead cost / budgeted labor hours

= $ 4,140,000/ 180,000 hrs

= $23 per hour.

b. JOURNAL ENTRY

Debit Work in process $4,347,000 Credit Manufacturing overhead $4,347,000

c. under or over applied = Actual overheads - applied

= $4,337,000 - $4,347,000

Over applied = 10,000

yes the amount of over applied overheads is significant and material enough and it should be written off against cost of sales.

JOURNAL ENTRY

Debit Manufacturing overheads $10,000 , Credit Cost of sales $10,000

Explanation:

allocated manufacturing overheard = $23 * 189000 hrs = $4,347,000

4 0

3 years ago

Who first discovered America?

erma4kov [3.2K]

Answer:Christopher Columbus is credited with discovering the Americas in 1492.

Explanation:

Five hundred years before Columbus, a daring band of Vikings led by Leif Eriksson set foot in North America and established a settlement. And long before that, some scholars say, the Americas seem to have been visited by seafaring travelers from China, and possibly by visitors from Africa and even Ice Age Europ

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2 years ago

Read 2 more answers