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3 years ago

Which of the following statements about taxes is FALSE?

1 answer:

6 0

Obviously it is the last choice, letter D. Taxes at the local, state and federal level are all equal. There are some types of incomes that are not taxed and are taxed, for instance, passive and earned income are taxed while incomes like portfolio income are not taxed.

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Savings for You, a discount retail chain, is highly competitive. When entering a new market, Savings for You often cuts prices s

REY [17]

Answer:

Predatory pricing

Explanation:

A "predator" refers to an animal who survives by "preying" on other animals.

Predatory pricing in a similar sense refers to that form of excessively low pricing which in a way consumes other firms by taking away their share of industry revenues. Such form of pricing is considered illegal and is against healthy competition.

Such pricing eliminates competitors from the market and gradually leads to emergence of a monopoly i.e supremacy of a single firm in the whole industry and thus considered an illegal practice.

In the given case, the retail chain can be alleged to have followed predatory pricing which is substantiated by the fact that it cuts it's prices excessively i.e even below cost , thereby forcing smaller companies to exit the industry.

7 0

3 years ago

Bennett Co. has a potential new project that is expected to generate annual revenues of $262,100, with variable costs of $144,00

swat32

Answer:

Operating cash flow= $29,886

Explanation:

Giving the following information:

Sales= $262,100

Total variable cost= $144,000

Total fixed costs= $61,300.

Annual interest expense of $24,500. The annual depreciation is $25,200 and the tax rate is 34 percent.

We need to determine the operating cash flow:

Sales= 262,100

Total variable cost= (144,000)

Contribution margin= 118,100

Total fixed costs= (61,300)

Depreciation= (25,200)

Interest= (24,500)

EBIT= 7,100

Tax= (7,100*0.34)= (2,414)

Depreciation= 25,200

Operating cash flow= 29,886

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3 years ago

Experts in operations management for service industry type businesses stress:

stealth61 [152]

The correct answer would be : training employees on quality management
Operational managers are responsible in handling all company's resource to achieve its goal. In a service industry ( like public accounting, maid cleaning services, financial adviser, etc) quality topped any other aspect of the products. That's why experts in operation management will focus on the increasing employees' quality

5 0

3 years ago

The ______ is a security technique associated with the use of credit cards at the time of purchase that checks additional digits

gayaneshka [121]

Answer:

Card Verification Number

Explanation:

The card verification number is the additional code printed on the back of the debit or credit card. On most cards it is the last three digits printed on the signature strip located on the back of the card. On American Express (AMEX) cards, this is usually a four-digit code on the front of the card. Since this number is not embossed (like the card number), it is not printed on receipts, so it is unlikely that anyone, In addition to the actual cardholder, know him.

6 0

3 years ago

The Dawson Company manufactures small lamps and desk lamps. The following shows the activities per product and the total overhea

Nadusha1986 [10]

Answer:

235,000 total overhead

Explanation:

First we calculate the rate for activity

$\left[\begin{array}{cccc}&Cost&Pool&Rate\\Setups&60,000&24,000&2.5\\Inspections&120,000&24,000&5\\Assembly&280,000&28,000&10\\\end{array}\right]$

Next, we apply this rate to desk lamp

$\left[\begin{array}{cccc}&Rate&Desk&Overhead\\Setups&2.5&16,000&40,000\\Inspections&5&15,000&75,000\\Assembly&10&12,000&120,000\\\end{array}\right]$

Total Overhead will be the sum of each activity overhead

40,000.00 + 75,000.00 + 120,000.00 = 235,000 total overhead

3 0

3 years ago