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3 years ago

The marginal tax rate is equal to the:_______

Business

1 answer:

den301095 [7]3 years ago

6 0

Answer:

D) change in the person's tax payment divided by the change in the person's taxable income.

Explanation:

The marginal tax rate is a form of progressive tax because the tax payment increases as income increases.

The marginal tax rate measures the extra amount of tax you have to pay for each additional dollar of income. In this sense, the marginal tax rate is theoretically 1 at maximum because you cannot tax someone at a rate over 100% of their income.

The formula is:

Marginal tax rate = ΔTax Payable/Δ Taxable income

Where Δ means "change"

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A store has been selling 100 DVD burners a week at $450 each. A market survey indicates that for each $30 rebate offered to buye

Ivanshal [37]

Answer:

a rebate of 200 dollars will generate 500 sales

with a revenue of 125,000

Explanation:

We need to maximize the total revenue which is:

TR = Price x Quantity. First we define each of these:

P = (450 - 30X)

Q = (100 + 60X)

Being X the cash rebate

We now replace this into the TR formula:

TR = P x Q = (450 -30X) (100 + 60X)

TR = -1800x2 +27,000x -3,000x + 45,000

TR = -1800x2 +24,000x + 45,000

as this is a quadratic function: a: -1,800 b = 24,000 c = 45,000

the maximum revenue will be at the vertex: -b/2a

-24,000/2(-1,800) = 6.67

now we multiply by 30: 6.67 x30 = 200 dollars

which bring 60 x 6.67 = 400 new customers

250 x (100 +400) = 250 x 500 = 125,000

7 0

3 years ago

Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24

Wittaler [7]

Answer:

$217,000

Explanation:

Begining Purchases Ending

Raw Materials $ 36,000 $ 69,000 $ 24.000

Work in Process $ 23,000 $ 17,000 $ 6.000

Finished Goods $ 37,000 $ 55,000 -$ 18.000

Direct Lab Costs $ 94,000 $ 94,000

Manuf Overhead $ 54,000 $ 54,000

Total

Raw Materials $ 81.000

Work in Process $ 6.000

Finished Goods -$ 18.000

Direct Labor Costs $ 94.000

Manufacturing Overhead $ 54.000

Costo of Goods Manufactured $ 217.000

5 0

2 years ago

On September 21, 2017, Umbrella Company announced a 3 for 1 stock split. After the split, the company will have about 24.6 milli

Lady bird [3.3K]

Answer:

vbnmm

Explanation:

5 0

3 years ago

Seventy new jobs are opening up at an automobile manufacturing plant, and 1000 applicants show up for the 70 positions. To selec

777dan777 [17]

Answer:

As explained below, given that the score of the person is among the 0.03125 fraction of the best applicants, he can count on getting one of the jobs.

Explanation:

The hint is to use Chebyshev’s Theorem.

Chebyshev’s Theorem applies to any data set, even if it is not bell-shaped.

Chebyshev’s Theorem states that at least 1−1/k² of the data lie within k standard deviations of the mean.

For this sample you have:

mean: 60
standard deviation: 6
score: 84

The number of standard deviations that 84 is from the mean is:

k = (score - mean) / standar deviation
k = (84 - 60) / 6 = 24 / 6 = 4

Thus, the score of the person is 4 standard deviations above the mean.

How good is that?

Chebyshev’s Theorem states that at least 1−1/k² of the data lie within k standard deviations of the mean. For k = 4, that is:

1 - 1/4² = 1 - 1/16 = 0.9375

That means that half of 1 - 0.9375 are above k = 4: 0.03125

Then, 1 - 0.03125 are below k = 4: 0.96875

Since there are 70 positions and 1,000 aplicants, 70/1,000 = 0.07. The compnay should select the best 0.07 of the applicants.

Given that the score of the person is among the 0.03125 upper fraction of the applicants, this person can count of geting one of the jobs.

3 0

2 years ago

For each of the following, compute the future value (Do not round intermediate calculations and round your final answers to 2 de

snow_lady [41]

Explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

In the first case,

Future value = $2,050 × (1 + 0.12)^12

= $2,050 × 3.895975993

= $7,986.75

In the second case,

Future value = $8,352 × (1 + 0.10)^6

= $8,352 × 1.771561

= $14,796.08

In the third case,

Future value = $72,355× (1 + 0.11)^13

= $72,355 × 3.883280163

= $280,974.74

In the fourth case,

Future value = $179,796 × (1 + 0.07)^7

= $179,796 × 1.605781476

= $288,713.09

4 0

3 years ago