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Harman [31]
3 years ago
8

What does experience show about the relationship of taxation and work? (Gradpoint)

Business
2 answers:
drek231 [11]3 years ago
8 0

Answer:

A tax cut does not cause workers to work significantly more hours. C).

Sunny_sXe [5.5K]3 years ago
7 0

Answer:

C) A tax cut does not cause workers to work significantly more hours.

Explanation:

grad point

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The customer service manager for the XYZ Fastener Manufacturing Company examined 60 vouchers and found 9 vouchers containing err
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= (0.043 , 0.257)

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p = 9/60 = 0.15

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Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Con
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Answer:

Ending cash balance is -$41,000.

Explanation:

This can be prepared as follows:

Nathan Herrmann

Cash Flow Statement

for the year ended ...

<u>Details                                                                   $                      $             </u>

Net income                                                      69,000  

Adjustment to reconcile net income    

Depreciation expense                                     13,000  

Loss on sale of land                                         12,000  

(Increase) decrease in current assets

Increase in inventory                                     (35,000)

Increase in prepaid rent                                  (7,500)

Increase in accounts receivable                   (47,000)

Increase (decrease) in current liabilities:  

Increase in accounts payable                      <u>    15,000  </u>

Net cash from operating activities                                         19,500

<u>Cash flows from investing activities:  </u>

Cash received from the sale of land                7,500  

Purchase of equipment                              <u> (229,000) </u>

Net cash flows from Investing activities                            (221,500)

<u>Cash flows from financing activities:   </u>

Payment of dividends                                      (31,000)

Repayment of notes payable                         (49,000)

Issuance of common stock                            <u> 241,000  </u>

Net cash from financing activities                                        <u>  161,000  </u>

Increase / (Decrease) in cash                                                   (41,000)

Beginning cash balance                                                         <u>            -    </u>

Ending cash balance                                                              <u>   (41,000) </u>

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