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k0ka [10]
3 years ago
5

A 1 percent charge imposed by a local government on football tickets sold is not considered a tax if all proceeds are earmarked

to fund local schools.
A. True
B. False
Business
1 answer:
Elis [28]3 years ago
4 0

Answer:

B. False

Explanation:

A tax is an amount of money charged by the government to fund different public expenses. So, a charge impose by a local government on football tickets sold in which all proceeds are earmarked to fund local schools is considered a tax and because of that the statement is false.

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Which of the following statements concerning capital structure theory is NOT CORRECT?
Pani-rosa [81]

Answer: D. Under MM with corporate taxes, rs increases with leverage, and this increase exactly offsets the tax benefits of debt financing.

3 0
3 years ago
Nash Incorporated factored $156,000 of accounts receivable with Crane Factors Inc. on a without-recourse basis. Crane assesses a
ella [17]

Answer:

Nash Incorporated,

Dr Cash $143,520

Dr Due from Factor $9,360

Dr Loss on Sale of Receivables $3,120

Cr Accounts Receivable $156,000

Crane Factors

Dr Accounts Receivable $156,000,

Cr Due to Customer Nash $9,360

Cr Interest Revenue $3,120

Cr Cash $143,520

Explanation:

Preparation of the journal entry for Nash Incorporated and Crane Factors to record the factoring of the accounts receivable to Crane.

Nash Incorporated,

Dr Cash $143,520

($156,000-$9,360-$3,120)

Dr Due from Factor $9,360

(6%*$156,000)

Dr Loss on Sale of Receivables $3,120

(2%*156,000)

Cr Accounts Receivable $156,000,

Crane Factors

Dr Accounts Receivable $156,000,

Cr Due to Customer Nash $9,360

(6%*$156,000)

Cr Interest Revenue $3,120

(2%*156,000),

Cr Cash $143,520

($156,000-$9,360-$3,120)

8 0
3 years ago
All that blooms provides environmentally friendly lawn services for homeowners. its operating costs are as follows. depreciation
babunello [35]

To get the break-even point, the Total Cost must equal to the Total Revenue or Profit. The Total Cost is the sum of Fixed Costs and Incremental Costs. Fixed costs are depreciation, advertising and insurance which is equal to $5,871 per month. Incremental Costs are weed and feed materials, direct labor, and fuel which is equal to $32 per lawn. The Marginal Revenue is equal to $89 per lawn. Letting “N” to be the break-even point in number of lawns, the break-even equation becomes: $5,871 + $32N = $89N. Then calculating N, the break-even number of lawns is equal to 103.

4 0
3 years ago
Suppose the economy is on the classical range of the aggregate supply curve and has a problem with inflation. According to Keyne
mars1129 [50]

Answer:

D) Higher taxes

Explanation:

By increasing the taxes and reducing the spending it will reduce the demand in the economy (the goverment spending will be lower wehile the indivbiduals will have less disposable income as taxes increase)

If the economy was healty enought will lead to economic growth and reduce inflationary pressures.

If the country face a high inflation and negative growth, would end up with lower income and higher unemployment. Thus damaging to the economy without solving the inflation problem.

4 0
3 years ago
According to harvard business school professor michael porter, strategic positioning means _____ to achieve sustainable competit
vitfil [10]
Michael Porter, Harvard Business School professor said that strategic position means to preserve what distinctive about a company to achieve sustainable competitive advantage. 

Strategic positioning helps determine where a business stands against its competitors, consumers, and the market. Companies that are unique and stand out by their customer connections often have a greater change at competitive advantage and a strong strategic positioning. 
4 0
3 years ago
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