Answer:
The answer is b. false
Explanation:
Call X as the adjusted gross income before taxation. The corporate income tax is <em>0.05 * X</em>. Given that the <em>incremental</em> federal tax rate is 34% after the state corporate income tax and because the state corporate income tax is <em>deductible</em> from the federal taxes, the incremental federal tax is <em>0.34 * (X - 0.05 * X)</em>. Therefore: <em>0.34 * (X - 0.05 * X)</em> = <em>0.34 * 0.95 * X</em> = <em>0.323 * X</em>. The combined effective tax rate should be 32.3%.
Answer: Trust
Explanation:
A sales person is an individual who conducts sales on behalf of their company to a buyer.
A key quality a sales person needs to share with his customers is trust.
Trust in sales is built with the customer by: honesty, competence, compatibility and dependability on the part of the salesperson.
Answer:
To increase the profits of the steel manufacturing firms
Explanation:
import restrictions are placed by Government to help protect domestic industries from larger and stronger foreign industries. this restrictions can be in a form of Import quota or increased import tariffs.
The payment of Steel worker $375000 per year is economically cheaper than placing import restriction on steel imports but this will lead to an increase in domestic competition in the production of steel hence the Already existing domestic steel industries will experience a decrease in profits. hence import restrictions is better for the survival of local steel industries.
Answer:
18 Days
Explanation:
Average collection period denotes the number of days between the day when sales are made and invoice is issued to the day when amounts are received. Average collection period is calculated as follows:
Average collection period = (Average Accounts Receivable balance / Credit Sales) * 365
Average collection period = (20,000 / 400,000) * 365 = 18 days.
Note: Usually companies use 365 days for calculation purposes, however 360 days' year can also be used for calculation purposes.
