B. The account holder
It is their responsibility to document in the checkbook register when they write checks and how much they are for.
Answer:
C. Both statements are positive.
Explanation:
A normative statment is a statement that expresses value judgements and cannot be tested using available information. They are usually subjective.
A positive statement is an objective statement that can be tested.
I hope my answer helps you
Answer:
B. A tax that charges more to those with lower incomes
Explanation:
A regressive tax imposes a heavy tax burden on low-income earners. In practice, a tax system that applies a uniform rate regardless of income level is regressive.
Low-income earners use most of their income on basic needs such as food, clothing, and shelter. Any amount deducted from their pay has a significant impact on their ability to spend on these basic items. On the other hand, high-income earners will continue living comfortably even if a percentage of their income is deducted as tax. Due to their high income, a percentage deduction does not affect their lifestyle.
A regressive tax causes financial strain on low-income earners but has no impact on the wealthy. It is contrasted by a progressive tax system, which imposes tax depending on the income le
Answer:
Sales Price Variance is $ 4,500 Adverse
Sales Volume Variance is $ 12,000 Unfavorable
Explanation:
The difference between the standard and actual selling price, multiplied with actual number of units sold, is known as sale price variance
The difference between the standard and actual number of units sold, multiplied with standard price is Known as Sales volume variance
Budgeted Actual
Units Sale price Total Units Sale price Total
10,000 $12.00 $120,000 9000 11.50 103,500
Sales Price Variance = (Standard price - Actual Price) x Actual Sales
= (12 - 11.5) x 9000
= $ 4,500 Adverse
Sales Volume Variance = ( Standard units - Actual units) x Standard Price
=(10,000 - 9000) x 12
= $ 12,000 Unfavorable
