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4 years ago

With a___tax, the tax decreases as income increases.

1 answer:

4 0

D. Regressive tax. The tax rate decreases as the taxable income increases. There is an inverse relationship between the tax rate and the tax base (taxable income). Regressive tax imposes a greater burden on the poor. This is favorable to the rich or those who are huge income earners.

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Use the following selected date and additional information from the records of Hitchcock Corporation to answer the question that

yawa3891 [41]

Answer:

$35,000

Explanation:

Requirement: Prepare the Operating Activities section of the Statement of Cash Flows for the year ended 2004. Use the INDIRECT Method

Cash from Operating Activities

Particulars Amount$

Net income 6000

Add: Depreciation expense 50000

Operating Cash Flow before 56000

Change in Working Capital

Add:

Decrease in inventory 3000

Increase in incomes taxes payable 7000 10000

Less:

Increase in accounts receivable 10000

Increase in prepaid Rent 8000

Decrease in accounts payable 7000

Decrease in salaries payable 6000 -31000

Cash from Operating Activities $35000

5 0

3 years ago

To increase the popularity of its new range of smartphones, gizmopro inc., a mobile phone manufacturer, offered several accessor

ikadub [295]

Answer: This question lacks the following answers:

a. market share pricing

b. profit maximization

c. demand orientation

d. sales maximization

The correct answer is b)

Explanation:

The practice of giving away free things (mobile accessories) can be good after the launch of a new product range, or even when the company itself is entirely new. However, it is not feasible in the long run, as the company does not generate profit from giving products for free.

Giving discounts is definitely more lucrative, as the discount itself provides enough of an incentive for the customer to buy the accessory. On the company side, profit will be generated (although decreased with the discount, but still generated compared to giving free things).

6 0

4 years ago

If the beginning Cash account balance of Moonbeam, Inc. was $40,000, the ending balance was $67,200, and the total cash paid out

lara [203]

Answer:

Cash Received during the period = $155200

Explanation:

The amount of receipts or cash received during the period can be calculated using the following formula.

Cash Received = Closing Balance + Cash Disbursements - Opening Balance

Cash Received = 67200 + 128000 - 40000

Cash Received = $155200

So, the cash receipts during the period are $155200.

7 0

4 years ago

In a recent year, sherwood day corporation had sales of $500,000, net income of $200,000, interest expense of $40,000, and tax e

Kipish [7]

The interest earned by the Sherwood Day Corporation is calculated by subtracting from the net income all the expenses including the interest expense and the tax expense. Mathematically,
interest earned = $200,000 - ($40,000 + $30,000)
= $130,000

8 0

3 years ago

You have been selected to lead a team to decide on a different type of structure in your organization to better serve customers

MatroZZZ [7]

Answer:

Explanation:

yes and how

7 0

3 years ago