Answer:
a. What is the after state taxes profit in the state with the 10% tax rate?
after state tax profit = $1,015,000 x (1 - state tax rate) = $1,015,000 x 0.90 = $913,500
b. What is the after state taxes profit in the state with the 2% tax rate?
after state tax profit = $960,000 x (1 - state tax rate) = $960,000 x 0.98 = $940,800
Unlike federal corporate taxes which apply to all US corporations regardless of where they operate, state corporate taxes vary a lot depending on the state. Some states do not collect any tax at all (6 states) while others charge taxes that vary from 2.5% to 12%.
<span>1. The correct answer among the choices listed is option B. Your total restaurant bill is </span>the items purchased plus sales tax and tip<span>.
</span>2. The correct answer among the choices listed is option A. A check is <span>required to be paid by your bank when presented</span><span>.
</span>
3. The correct answer among the choices listed above is option B. Bartering is not a way to pay in modern economies.
Answer:
D. Market Penetration
Explanation:
Market penetration is one of the Growth strategies as defined by Ansoff. With the use of an actor and an ex NFL player for their advertisement, Herbal Organics was able to penetrate the market more, thereby increasing their sales as compared to the previous year. Market penetration involves funding ways to lure away customers from competitors towards you. Its aimed at increasing the available market share through increased efforts in getting customers or target markets.
Generally speaking, as the aggregate price level rises, aggregate demand falls, resulting in an increase in aggregate supply
When the price rises, the sellers will gain more from the sale of their products. There fore , the average aggregrate supply in the market will be increased by them
