If the goal of a government policy change is to increase the incentive for taxpayers to work and/or invest, <u>a decrease in </u><u>marginal tax rates</u> policy is most likely to be successful.
<h3>What is Marginal Tax Rate?</h3>
The marginal tax rate is the amount of additional tax that must be paid for each additional dollar of income received. The average tax rate is calculated as total taxes paid divided by total income earned.
An individual with a taxable income of $24,750, for example, will pay taxes at a rate of 10% on the first $19,900 of income and 12% on the remaining $5,000 since portion of the individual's income is subject to the higher tax rate of 12%.
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Answer:
Number of units produced during the period: 38,000 units
Explanation:
Cost to produce the product exclude General Selling and administrative Expenses - selling and management expense.
Total Cost to produce the product = Direct materials + Wages for production workers + Lease, utility costs and depreciation for factory workers = $30,000 + $50,000 + $15,000 = $95,000
The average cost to produce one unit: $2,50. Number of units produced during the period = $95,000/$2,50 = 38,000 units
Answer:
Cost of Goods Sold 70 Inventory 70
Explanation:
For recording the inventory in the book of accounts, we consider the cost or net realizable value whichever is lower
According to the question, the inventory unit for A would be recorded at $655, and the inventory unit for B would be recorded at $505 as these reflect the lower cost.
The journal entry is shown below:
Cost of goods sold A/c $70 ($575- $505)
To Inventory A/c $70
(Being adjusted entry recorded)
Answer:
Two-way Stretch
Explanation:
Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with their JD Marriott flagship locations. This is an example of a firm that successfully performed a t<u>wo-way stretch</u> to reach more consumers and ventures that are more profitable.
Two way stretch: It is an expansion strategy of the company to introduce product within the same product line to cater different customer in the market. Company introduce new product to attract more customer as now they have premium product and low end product. Product are stretched both ways upward and downward. Example: Maruti, Titan, Marriot- Hotel & resorts, etc.
In the given case, Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with their JD Marriott flagship locations. Therefore, they are using two-way stretch strategy.
The product of drugs and alchohol has the tendenancy to demotivate you and lead to unproductive activities.