Answer:
The "Shot-term Debt Financing" can represent the current financing arrangement.
Explanation:
It is mentions to any credits that are to be compensated during a year. Within the state of affairs, the chief financial officer of the satellite radio corporation had refinanced the corporate lower than a year. Also the firm had a due note of $75 million during theses days. This implies that the corporate had short-term debt. Subsequently the chief financial officer had invited additional telecom and entertainment firms to speculate in his company to forestall insolvency, he had obtained finance for the short-term debt to be refunded
Answer: Both the current portion of the tax expense of $40 and the deferred portion of the tax expense of $10.
Explanation:
When calculating the net income on the income statement, both the current portion of the tax expense as well as the deferred portion should be included.
In this scenario that would lead to a net income of:
= Pretax accounting income - Current portion - Deferred portion
= 195 - 40 - 10
= $145
A progressive tax structure is one in which "the larger the amount of taxable income, the higher the rate at which it is taxed".
<u>Answer:</u> Option B
<u>Explanation:</u>
Progressive taxation has a significant effect on reducing disparity in income.This is particularly true as taxation is used to finance progressive government programs such as pensions and social security networks. A progressive tax is a tax, which imposes a reduced rate of tax on small-income earners relative to those who have a higher earnings, rendering it based on ability of the taxpayer to pay. This displays that it takes a higher percentage of high-income earners than small-income people.
Answer:
Approximately 18.64% of this economy's income is held by the poorest 40% of the population.
Explanation:
In an economy of 10 individuals, the poorest 40% of the population means the poorest 4 individuals.
from the table, the poorest 4 individuals are:
Anna, Walter, Bob and Steve.
total income of the poorest 4 individuals = $100 + $200 + $300 + $500
= $1,100
total income of all the individuals in the population = $1000 + $300 + $800 + $700 + $200 + $600 + $500 + $100 + $800 + $900
= $5,900
The percentage of the economy's income held by the poorest 40% is given by:
= [(total income of the poorest 4 individuals)/(total income of all the individuals in the population)]*100
= [($1,100)/$5900]*100
= 18.64%
Therefore, Approximately 18.64% of this economy's income is held by the poorest 40% of the population.