Yada Company manufactures luggage sets. Yada sells its luggage sets to department stores. Yada expects to sell 2 comma 000 lugga
ge sets for $ 205 each in January and 2 comma 100 luggage sets for $ 205 each in February. All sales are cash only. Prepare the sales budget for January and February.
At least $2,500. If the family's income was $0, then the government will transfer $2,500 to them.
Explanation:
A negative income tax refers to a welfare system where individuals earning below a certain amount, instead of being taxed, receive money transfers from the government.
The computation of the amount of commission for paying is shown below:
= Invested amount × fund charges a load percentage
= $30,000 × 4.25%
= $1,275
By multiplying the invested amount with the fund charges a load percentage we can easily calculate the amount of commission and the same is to be considered
