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4 years ago

A dynamic forecast of the incremental revenue from a tax rate increase ______.

1 answer:

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A dynamic forecast of the incremental revenue from a tax rate increase Presumes that taxpayers modify their behavior and the tax rate and tax base are correlated.

Explanation:

The dynamic forecasting uses the magnitude of the dependent variable for the measurement of the next expected value. From the other side, for each following prediction, static forecast uses the real value.

A dynamic forecast for such an increase in tax receipts presumes that:

A) taxpayers will not change their attitudes as a result of the increase in tax rates.

B) The tax base increases by as much as the increase in rates.

C) The base tax falls to the same degree as the increase rate.

D) The tax rate is associated with the tax base.

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Margo insists that her dreams frequently enable her to perceive and predict future events. margo is claiming to possess the powe

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Margo insists that her dreams frequently enable her to perceive and predict future events. margo is claiming to possess the power of precognition.

The alleged psychic phenomenon known as precognition involves seeing or otherwise becoming immediately aware of future events. Precognition is usually regarded as pseudoscience because there is no acknowledged scientific proof that it has any validity.

Precognitive dreams are frequently explained by coincidence or the law of large numbers. There will occasionally be matches between dream visions and specific future events or imagery given sufficiently many possibilities. Precognition is the supernormal ability to know what will happen in the future, with the focus being on foretelling events rather than mentally influencing them to happen.

To know more about Precognition refer to: brainly.com/question/14799941

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2 years ago

Max is the clerk for the Superior Construction Company. He makes out the payroll; prepares all of the payroll checks and reconci

Digiron [165]

Answer:

yes,superior will be liable

Explanation:

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4 years ago

Steve issues a 30-day negotiable promissory note, payable to the order of Henry, to cover the cost of Henry buying a car for Ste

Neporo4naja [7]

Answer:

As the bank manager, Steve should be informed that the promissory note met all conditions and the case cannot be seen in the same light as a fraud case because the bank had no reasons to suspect any kind of fraudulent activity as everything was filled correctly and no sign of tampering on the note, it was a genuine and verified promissory note. Aside from the amount and signature, there was nothing in the note to show the agreement that both Steve and Henry had, which is not going above $5,000.

So the bank has the right to collect all its money from Steve, it is a form of negligence on the part of Steve to leave the amount blank which Henry took advantage of.

Although Steve could sue Henry for going above the amount they both agreed on.

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3 years ago

"California Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1, 2021. In preparing its insura

leva [86]

<h3>California Inc Estimated ending inventory is $319,000 </h3>

Explanation:

Goods available for sale = Beginning inventory + Net purchases

California Inc Beginning inventory $310,000
California Inc Net purchases = $905,000
California Inc Goods available for sale = $1,215,000

Gross profit = Net sales * profit %

California Inc Net sales = $1,280,000
California Inc gross profit = 30%
California Inc gross profit = $384,000

Estimated cost of goods sold = Net sales - Gross profit

California Inc Estimated cost of goods sold = $1,280,000 - $384,000
California Inc Estimated cost of goods sold = $896,000

Estimated ending inventory = Goods available for sale - Cost of goods sold

California Inc Estimated ending inventory = $1,215,000 - $896,000
California Inc Estimated ending inventory = $319,000

California Inc Estimated ending inventory is $319,000

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4 years ago

Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,288,076

Xelga [282]

Answer:

Using the FIFO cost method:

beginning WIP 34,600 units

materials $79,000 (100% complete)

conversion $48,200 (30% complete, 70% remaining = 24,220 EU)

units started 662,700

materials added $1,594,520

conversion costs added $566,356

ending WIP 24,100

100% complete for materials

40% complete for conversion = 9,640 EU

units completed and transferred out = 34,600 + 662,700 - 24,100 = 673,200

units started and completed = 662,700 - 34,600 - 24,100 = 604,000

total equivalent units for the month:

materials 662,700

conversion = 24,220 + 604,000 + 9,640 = 637,860

total cost per EU:

materials = $1,594,520 / 662,700 = $2.4061

conversion = $566,356 / 637,860 = $0.8879

total = $3.294

cost of ending WIP:

materials = 24,100 x $2.4061 = $57,987

conversion = 9,640 x $0.8879 = $8,559.36 ≈ $8,559

total = $66,546

cost of units transferred out = $79,000 + $48,200 + $1,594,520 + $566,356 - $66,546 = $2,221,530

total units transferred out = 673,200

production cost per unit = $2,221,530 / 673,200 = $3.30

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3 years ago