Answer:
B) proportional
Explanation:
In the case of the proportional tax structure the marginal tax rate should be equivalent to the average tax rate without considering the high level of taxable income or low level of taxable income
Therefore in the given case, the tax structure should be proportional
hence, the correct option is B
And, the same is to be considered
Answer: $12
Explanation:
From the question, we are informed that Art purchased 2,500 shares of Delta stock and his purchase represents 10 percent ownership in the firm. We are further told that his shares have increased in value from the $12 a share he originally paid to today's market value of $13 a share.
Assume Delta goes bankrupt and owes $450,000 more in debts than the firm can pay after liquidating all of its assets, the maximum loss per share Art will incur on this investment will be the purchase price per share which was given in the question as $12.
This is because when a firm guess bankrupt, the maximum loss which will be incurred by Art will be the value of his investment which is $12.
Answer:
$41,354.98
Explanation:
Required future worth = Annual savings x FVIFA(r%, N) x (1 + r)
Required annual savings ($) = [Required future worth / FVIFA(r%, N)] / (1 + r)
= 725,000 / [FVIFA(10%, 10) * 1.1]
= 725,000 / (15.9374 * 1.1)
= 725,000 / 17.53114
= 41354.98318991235
= $41,354.98
Note: Since this is annuity due (deposit made at beginning of year), FV is divided by (1+r).
A purchase agreement is a legally binding contract that states the terms and conditions of purchasing a good/making a sale. This agreement is legally binding for both the purchaser and the seller. The agreement is contingent on being paid back at the date agreed and receiving the items that were intended to be paid for.
Answer:
profitable customer
Explanation:
A profitable customer of a business enterprise is any economic agent which include individuals, firms and government for which the revenue generated from servicing or supplying them goods and services exceeds the entire cost incurred in providing such service or goods.
A successful business is one that is able to maintain a data base and record of all the customers and identify the profitable ones so as to concentrate on them to achieve maximum profit.
