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madreJ [45]
4 years ago
12

Which statement explains a proportional tax system?

Business
1 answer:
-Dominant- [34]4 years ago
7 0

Answer:

The tax rate is the same for all income levels.

Explanation:

A proportional tax system is a tax mechanism that applies equal rates to all income brackets. This system does not segregate based on income earned. The proportional tax system is also the flat rate system.

Since the proportional tax system applies the same rate to all taxpayers, it means that the low income, middle, and high-income earners pay tax at the same rate. The proportional tax system contrasts with other methods, such as the progressive tax system that considers income levels.

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Andrews Corp. ended the year carrying $33,836,000 worth of inventory. Had they sold their entire inventory at their current pric
mamaluj [8]

Answer:

Revenue could be of amount $33,836,000

Explanation:

As the selling price is not given in the question, only the cost of the inventory is given, So,

We assume that the Sales quantity is X and the Selling Price per unit be Y

Then,

Sales = X × Y                              ............... Equation (1)

Less : COSG = $33,836,000     ................ Equation (2)

Net Income = 1 - 2

If the selling price is equal to the cost of the inventory which is $33,836,000. So, the only revenue which is to be added is the amount of $33,836,000.

Note: It totally depend or grounded on the Sales value.

6 0
3 years ago
A short-run Phillips curve shows an inverse relationship between interest rates and borrowing A. inflation and unemployment B. i
Gala2k [10]

Answer:

Inflation and unemployment.

Explanation:

Philips curve represents the trade off between inflation and the unemployment.

It shows that there is an inverse relationship between the inflation and the unemployment. This means that if a nation wants to reduce the unemployment then it have to accept the higher rate of inflation and on the other hand, if a nation wants to lower down inflation then it have to accept higher rate of unemployment.

4 0
3 years ago
A _____ is an integrated collection of data that can include seemingly unrelated information, no matter where it is stored in th
Deffense [45]

A ​data warehouse is an integrated collection of data that can include seemingly unrelated information, no matter where it is stored in the company.

An enterprise data warehouse (EDW), sometimes referred to as a data warehouse (DW or DWH) in computing, is a system used for reporting and data analysis and is regarded as a key element of business intelligence.

data warehouse DWs serve as a central repository for combined data from a variety of sources.

They keep both recent and old data in a single location that is utilized to provide analytical reports for employees across the whole company.

The operational systems upload the data that is kept in the warehouse (such as marketing or sales).

Before being used in the data warehouse for reporting, the data may go via operational data storage and require data cleansing for extra activities to ensure data quality.

Learn more about the data warehouse here:

brainly.com/question/14615286?

#SPJ4

8 0
2 years ago
Toyota manufactures most of the vehicles it sells in the United Kingdom in Japan. The base platform for the Toyota Tundra truck
Tanzania [10]

Answer: 14.02%

Explanation:

Prices = ¥652,000

Exchange rates = ¥197/£

Change in exchange rate = ¥190/£

Original price of the Toyota tundra

= ¥652,000/197

= £3009.65.

Change in price

= ¥652,000/190

= £3431.58.

Percentage change in price of the imported trucks

= ( New price - Old price) / old price x 100

= £3431.58 - £3009.65 / £3009.65 X 100

= 421.93 / £3009.65 x 100

= 0.1402 x 100

= 14.02%

7 0
3 years ago
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $43,245.00 exactly 5.00 years from toda
lara31 [8.8K]

Answer:

$23, 472

Explanation:

The question is to calculate how much Derek is willing to pay for the machine.

What the money Machine will pay in 5 years = $43, 245.00

The Discount rate= 13%

The number of years = 5 Years

Therefore, Present value of the machines:

PV= P x [1/(1+r)∧n]; P= Future benefit; r = rate and n = number of years

The calculation is as follows

<h2>PV= P x [1/(1+r)∧n</h2><h2>= $43,245 x 1/[(1+0.13)∧5]</h2><h2>=$43,245 x 1/1.84243</h2><h2>=$43,245 x 0.5428</h2><h2>=$23,472 (rounded)</h2>
8 0
3 years ago
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