1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
defon
3 years ago
8

A tax rate that is higher for people with higher incomes is a

Business
2 answers:
creativ13 [48]3 years ago
7 0
Answer: A). Progressive tax is higher for people with higher incomes. I hope this was helpful.
ddd [48]3 years ago
5 0
Progressive tax and a common example of that is an income tax
You might be interested in
he following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December
o-na [289]

Answer: The answer is given below

Explanation:

An annual report is a report that is comprehensive about the activities of a company in the previous year. The aim of a company publishing its annual report is to give the shareholders and every other interested person information about activities of the company and its financial performance.

We are told that Kaufman calculated the $83 million accumulated other comprehensive income in 2021. This was calculated as the accumulated other comprehensive income in 2020 plus the change in the net unrealized gains on the AFS investments, the net of tax of $12 in 2021 plus the other net income of 2021. This can be represented mathematically as:

= $60,000,000 + $24,000,000 + (-$1,000,000)

=84,000,000 - $1,000,000

=$83,000,000

= 83 million

8 0
3 years ago
Calculate the presentvalue of $5,000 received five years from today if your investments pay a. 6 percent compounded annually b.
kaheart [24]

Answer:

Given:

Amount = $5000

Tenure = 5 years.

Future value = Present value\times (1+r)^{n}

where

n is number of periods

r is rate per period.

(a) 6% compounded annually.

Interest is compounded annually

No of periods in 5 years = 5

Future value = 5000(1+0.06)^{5} = 5000 × 1.33823 = $6691.15

(b) 8% compounded annually

Interest is compounded annually

No of periods in 5 years = 5

Future value =5000(1+0.08)^{5} = 5000×1.46933 = 7346.65

(c) 10% compounded annually

Interest is compounded annually

No of periods in 5 years = 5  

Future value = 5000(1+0.10)^{5} = 5000×1.61051 = $8052.55

(d) 10% compounded semiannually

Interest is compounded semiannually

No of periods in 5 years is 5*2 = 10

Rate per period = 10÷2 = 5%

Future value =5000(1+0.05)^{10} = 5000×1.62889 = $8144.45

(e) 10% compounded quarterly

Interest is compounded annually

∴No of periods in 5 years = 5×4 = 20

Rate per period = 10÷4 = 2.5

Future value = 5000(1+0.025)^{20} = 5000×1.63862 = $8193.10

5 0
3 years ago
The diagnostic process is _____. a systematic approach to understand the organization none of the answers performed exclusively
Nutka1998 [239]

Answer:

A. a systematic approach to understand the organization

Explanation:

Business diagnosis can be defined as a strategic technique which typically involves the process of defining, identifying and classifying the various business processes, logistics, product quality in order to have an indepth understanding and knowledge about an organization.

The diagnostic process is a systematic approach to understand the organization because it involves critically studying all its aspects and areas.

Hence, the information gathered through the diagnostic process can be used by the management to facilitate its decision-making process and its competitive advantage.

3 0
2 years ago
Zytel Corporation produces cleaning compounds and solutions for industrial and household use. While most of its products are pro
SCORPION-xisa [38]

Answer:

4,513 approx.

Explanation:

The computation of the minimum number of jars of silver polish is shown below:-

Sales revenue for one jar of silver polish    $5.60

Sales revenue for 1/4 pound of Grit 337     0.85

($3.40 ×  1 ÷ 4)

Incremental revenue from

further processing                                        $4.75

($5.60 - 0.85)

Incremental costs of further processing:

Processing costs                      $2.40

Selling costs                              $0.40          $2.80

Incremental contribution

margin from further

processing into silver polish

per jar                                                            $1.95

($4.75 - $2.80)

Point of indifference denotes the point where all options are equally profitable. But after that we will see that more processing is profitable. This is due to the fixed costs involved in further production.

Thus Minimum number of jars needed to produce to justify the further processing = Avoidable Fixed cost ÷ Incremental contribution

= $8,800 ÷ $1.95

= 4,513 approx.

8 0
3 years ago
Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all produc
Pavlova-9 [17]

Answer:

<u><em>Part a </em></u>

<u>Belmain Co.</u>

<u>Estimated Income statement for the year ended 2017.</u>

Sales ($240 x 12,000)                                                               $2,880,000

<u>Less Variable Costs :</u>

Direct Materials ($50.00 x 12,000)                                           ($600,000)

Direct Labor ($30.00 x 12,000)                                                 ($360,000)

Factory Overheads ($6.00 x 12,000)                                          ($72,000)

Sales Salaries and Commissions ( $4.00 x 12,000)                  ($48,000)

Miscellaneous selling expenses ( $1.00 x 12,000)                     ($12,000)

Supplies ($4.00 x 12,000)                                                           ($48,000)

Miscellaneous administrative expenses ($1.00 x 12,000)         ($12,000)

Contribution                                                                               $1,728,000

<u>Less Fixed Expenses :</u>

Factory overhead                                                                     ($350,000)

Sales salaries and commissions                                             ($340,000)

Advertising                                                                                 ($116,000)

Travel                                                                                            ($4,000)

Miscellaneous selling expense                                                   ($2,300)

Office and officers’ salaries                                                    ($325,000)

Supplies                                                                                        ($6,000)

Miscellaneous administrative expense                                      ($8,700)

Net Income ( Loss)                                                                     $576,000

<u><em>Part b</em></u>

0.6 or 60 %

<u><em>Part c</em></u>

Break-even sales (units) = 8,000

Break-even sales (dollars) = $1,920,000

<u><em>Part d</em></u>

<em>See attachment </em>

<u><em>Part e</em></u>

Margin of safety in dollars  =    $960,000

Margin of safety in percentage  =  33.3 %

<em><u>Part f</u></em>

Operating Leverage = 3.00

Explanation:

<u>Income Statement :</u>

<em>Sales - Expenses = Income</em>

Note : I have separated Variable and Fixed Expenses

<u>Contribution Margin ratio :</u>

<em>Contribution Margin ratio = Contribution ÷ Sales</em>

                                          =  $1,728,000  ÷  $2,880,000

                                          = 0.6 or 60 %

<u>Break-even sales ( units and dollars) :</u>

<em>Break-even sales (units) = Fixed Costs ÷ Contribution per unit</em>

                                        = $1,152,000 ÷ $144.00

                                        = 8,000

<em>Break-even sales (dollars) = Fixed Costs ÷ Contribution margin ratio</em>

                                            = $1,152,000 ÷ 0.60

                                            = $1,920,000

<u>Margin of safety in dollars and as a percentage of sales :</u>

<u />

<em>Margin of safety in dollars  = Expected Sales (dollars) - Break-even sales (dollars)</em>

                                             =  $2,880,000 - $1,920,000

                                             =   $960,000

<em>Margin of safety in %       = (Expected Sales  - Break-even sales ) ÷ Expected Sales</em>

                                             = $960,000 ÷ $2,880,000

                                             = 33.3 %

<u>Operating leverage</u>

<em>Operating Leverage = Contribution ÷ Earnings Before Interest and Tax</em>

                                  =  $1,728,000 ÷ $576,000

                                  = 3.00

3 0
3 years ago
Other questions:
  • Which of the following are considered to be product costs under absorption costing? I. Variable manufacturing overhead. II. Fixe
    14·1 answer
  • The use of accounting information as a tool to communicate without providing any influence that would sway a decision is called
    6·1 answer
  • A(n) ________ is a written document that deals with issues such as the relative split of the equity among the founders of the fi
    11·1 answer
  • Which of the following is true of high-performance work practices? A) It involves well-structured job responsibilities as oppose
    5·1 answer
  • Pettygrove Company had 1,800,000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $
    11·1 answer
  • Ted begins the month with a checking account balance of $1,400. He
    5·1 answer
  • Partial-Year Depreciation Sandblasting equipment acquired at a cost of $42,000 has an estimated residual value of $6,000 and an
    15·1 answer
  • Jjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjj
    7·1 answer
  • As used in the text, the term environment means all the forces influencing the life and development of the firm.
    14·1 answer
  • all of the following would be considered manufacturing overhead costs by a book publisher except a. wages paid to the production
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!