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Lubov Fominskaja [6]
3 years ago
10

Excise taxes on gasoline and state sales taxes are often criticized for being regressive, even though everyone pays the same tax

rate regardless of income. Why could this be the case?
Business
1 answer:
romanna [79]3 years ago
3 0

Answer:

Yes because a person with a lower income may tend to spend a greater share of his income on gasoline

Explanation:

For example, if a low income individual earning $1000 and a high-income person who earns $2000 each purchase 12 gallons of gasoline, the taxes on this purchase will consume a larger portion of the low-income person’s earnings than that of the high-income person. Assuming a tax rate of 5% of earnings multiplied by 12 Gallons.

Low income individual earnings after tax deductions= $400

High income individual earnings after tax deductions= $800

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If fixed costs are $200,000 and the unit contribution margin is $20, what amount of units must be sold in order to have a zero p
Sedbober [7]

Answer:

the amount of units that should be sold in the case when there is a zero profit is 10,000 units

Explanation:

The computation of the amount of units that should be sold in the case when there is a zero profit is given below:

No. of units to be sold is

= Fixed Cost ÷ Contribution per unit

= $200,000 ÷ $20

= 10,000 units.

hence, the amount of units that should be sold in the case when there is a zero profit is 10,000 units

8 0
3 years ago
Two industries that have the same four-firm concentration ratio can have significantly different herfindahl indexes. A. TrueB. F
NNADVOKAT [17]

True Two industries that have the same four-firm concentration ratio can have significantly different Herfindahl indexes.

What is Herfindahl indexes?

The Herfindahl-Hirschman Index (HHI), a popular indicator of market concentration, is frequently used before to and after merger and acquisition (M&A) deals to assess market competitiveness.

The index gauges a company's size in relation to the size of the industry it operates in as well as its level of competition. The market share of each company that competes in a market is squared, and the resulting values are then added to determine the HHI. Its values can range from almost 0 to 10,000, with lower numbers denoting a less crowded market.

A widely used indicator of market concentration is the HHI. It is determined by squaring the market share of each company that is engaged in market competition and then adding the resulting figures.

to learn more about Herfindahl indexes click:

brainly.com/question/15701307

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3 0
1 year ago
Two automobile manufacturers are working together to develop hybrid technology. This type of relationship between the two automo
SSSSS [86.1K]

Answer:

The correct  option is A, co-opetition

Explanation:

Co-opetition derives its root from competition and co-operation.It refers to an arrangement where competing firms co-operate towards achieving a common goal like the case of two two automobile manufacturers are likely going to be in direct competition with each co-operating in order to develop a hybrid technology expected to benefit both.

Hence option C is obviously wrong as competition is just one side of co-opetition which also includes co-operation

Strategic alliance lacks an element of competition,hence it is also wrong, same applies to collaboration.

Finally, business strategy is generic in nature so it is out of context.

3 0
4 years ago
Read 2 more answers
When you take out a mortgage your home becomes the collateral true or false?
spin [16.1K]

A mortgage is a long term loan issued by a financial institution such as; banks. These are loans obtained for a large sum of finance required. Example; an entrepreneur requires 60 million for expansion of the business. Therefore in such cases, a house is normally worth this amount and thus, a collateral security is given which is the house.

8 0
4 years ago
Read 2 more answers
Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman'
n200080 [17]

Answer:

Option C) Littman's $179 expense will be greater than $100,000

Explanation:

Data:

Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000

From the options, In order to minimize depression, Littman's $179 expense will be greater than $100,000. This will come from the profit loss reconciliation. Hence option C will be the correct option in this case.

4 0
3 years ago
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