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
Lana71 [14]
3 years ago
12

Country M levies a 10 percent excise tax on the retail price of any automobile purchased in the country. This year, the aggregat

e purchase price subject to tax was $8 million, so current year revenue was $800,000. Country M plans to increase the tax rate next year to 11 percent. Compute next year’s excise tax revenue assuming:
a. Next year’s tax base equals the current year base.

b. Next year’s tax base increases to $9.3 million.

c. Next year’s tax base decreases to $7 million.
Business
1 answer:
evablogger [386]3 years ago
4 0

Answer:

Explanation:

a) In the case of next year’s tax base equalling the current year base:

Tax revenue = 8,000,000*11% = 880000

b) In the case of tax base increasing to $9.3 million:

Tax revenue = 9,300,000*11% = 1,023,000

c) In the case of tax base decreasing to $7 million:

Tax revenue = 7,000,000*11% = 770,000

You might be interested in
A corporate charter: Multiple select question. names the board of directors. specifies the number of shares outstanding. is requ
Ierofanga [76]

The document called a corporate charter serves a formal purpose as its:

  • names the board of directors.
  • specifies the shares of stock to be issued.
  • describes the business activities.

<h3>What is a corporate charter?</h3>

It is a formal document that is required to be filed with the Secretary of State or registrar in order to establish a company as a corporation.

Hence, these document contains the names the board of directors, specifies the shares of stock to be issued and describes the business activities for formal purpose.

Therefore, the Option C, D and E is correct.

Read more about corporate charter

<em>brainly.com/question/17134082</em>

3 0
2 years ago
The ________ is an incomplete picture because a single number cannot fully reflect the sources of the underlying differences in
Sveta_85 [38]

Answer:

Income inequality ratio

Explanation:

The income inequality ratio is an incomplete picture because a single number cannot fully reflect the sources of the underlying differences in income.

Income inequality refers to the uneven distribution of income among the population of a particular place. It is the difference in the allocation of income in a particular country.

Income inequality occurs across different segments of the population such as gender(male and female), ethnic group, occupation, geographical location etc.

The Gini index is widely used to compare disparities in income.

6 0
3 years ago
Ou are chatting with one customer when another begins asking you questions. the second customer is in a hurry and wants immediat
Tpy6a [65]
You should prioritize your first customer since they are entitled with your full attention being the one who availed your service first. You can ask the second customer if she can wait. But if the second customer would be so persistent, you can ask permission from the first customer if she is not in a hurry and that you would entertain the second customer first.
3 0
3 years ago
When workers are able to augment their stock of human capital, they can expect to?
ankoles [38]

Answer:

(receive higher wages that reflect an increase in their value of marginal product.)

3 0
1 year ago
Several employees at a fast-food restaurant call in sick at the last minute. The manager tries to fill in but doesn't know how t
VikaD [51]

Answer:  Trained incapacity

Explanation: In simple words, it refers to the idea that after gaining a certain kind of education, skill or experience etc. the level of thinking of an individual cannot go beyond a certain limit.

In the given case, the manager was the upper level employee and was not habitual to the work that was performed by the workers in the restaurant.

Therefore this position in the workplace limited his skills of performing only the managerial work.

Hence from the above we can conclude that the above case depicts trained incapacity.

3 0
3 years ago
Other questions:
  • Pat picked a card from a standard deck, looked at it, and then put it back. he then picked a second card. what is the probabilit
    12·1 answer
  • Complete the statement with correct word in a recent survey. It was observed that many Asian youths have stated watching America
    15·2 answers
  • Francis interviews two candidates for an administrative assistant position that will require a fair amount of project management
    12·1 answer
  • A ____ is a gift to a retailer who purchases a specified quantity of merchandise
    11·1 answer
  • Consider a 10​-year bond with a face value of $ 1 comma 000 that has a coupon rate of 5.1 %​, with semiannual payments. a. What
    5·1 answer
  • Phoenix Pump and Filter projects that the cost of steel bodies for Model R910 valves will increase by $2.50 every 3 months. If t
    8·1 answer
  • Alumbat Corporation has $800,000 in debt outstanding, and pays an interest rate of 10 percent annually on its bank loan. Alumbat
    8·1 answer
  • Which persuasive appeal do you think is the most effective in advertising? Explain.
    9·1 answer
  • Schultz Electronics manufactures two ultra high-definition television models: the Royale which sells for $1,580, and a new model
    11·1 answer
  • Supplies that are not used immediately are recorded as a(n) ______ when purchased.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!