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Fynjy0 [20]
3 years ago
6

Recently, the government noticed that the consumption of cigarettes has increased among working individuals. To counter this inc

rease, the government decides to raise the cost of cigarettes by increasing the excise tax on them. After six months, the government observes that the consumption of cigarettes has decreased to some extent. Which type of taxation did the government use? direct tax indirect tax progressive tax proportional tax
Business
2 answers:
icang [17]3 years ago
8 0
Excise tax is a regressive tax. It is also an indirect tax.

Indirect taxes are those paid by individuals through their purchases. In this case, the excise tax imposed on cigarettes are indirect taxes because the price of the cigarette includes its corresponding excise tax, which the seller will pay to the government. In comparison, direct taxes are those that the individual pays directly to the government. An example of this is the income tax.
Luba_88 [7]3 years ago
4 0
It's just indirect tax
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8 0
2 years ago
Refer to the following selected financial information from Marston Company. Compute the company's accounts receivable turnover f
Artyom0805 [142]

Answer:

The correct option is E

Explanation:

The formula to compute the accounts receivable turnover of the company for the Year 2 is as:

Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable

where

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And

Average Accounts Receivable is computed as:

Average Accounts Receivable = Accounts receivable Year 1 + Accounts receivable Year 2 / 2

= $86,500 + $82,750 / 2

= $169,250 / 2

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= 8.54

5 0
3 years ago
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