Ask question

Ask question

All categories

MariettaO [177]

3 years ago

14

Which tax system requires higher-income taxpayers to have lower tax rates, even though they pay a larger amount of tax when comp

ared to lower-income taxpayers?

1 answer:

FinnZ [79.3K]3 years ago

4 0

I believe the answer might be a proportional tax.

You might be interested in

Presented below is information related to Novak Manufacturing Corporation.

svet-max [94.6K]

Answer:

A. Assets Original Salvage Depreciable Depreciable SL Depreciation

Cost Value value Life Per Year

A $46,575 6,325 40,250 10 $4,025

B $38,640 5,520 33,120 9 $3,680

C $41,400 4,140 37,260 9 $4,140

D $21,850 1,725 20,125 7 $2,875

E <u>$27,025</u> <u>2,875</u> <u>24,150</u> 6 <u>$4,025</u>

Total <u>$175,490</u> <u>20,585</u> <u>154,905</u> <u>$18,745</u>

Composite rate of Depreciation = Total Depreciation per year/Total Original Cost

Composite rate of Depreciation = 18745/175490

Composite rate of Depreciation = 0.106815

Composite rate of Depreciation = 10.68%

B. Adjusting entry Debit Credit

Depreciation Expense-Plant Asset $18,745

Accumulated Depreciation-Plant Asset $18,745

c. Journal Entry Debit Credit

Cash $5,520

Accumulated Depreciation-Plant Assets $16,330

Asset D $21,850

(Record Sale of asset D)

5 0

3 years ago

You have a portfolio that is invested 11 percent in Stock R, 56 percent in Stock S, and the remainder in Stock T. The beta of St

Kruka [31]

Answer:

The beta of stock T is 1.82

Explanation:

The portfolio beta is made up of the weighted average of the individual stock betas in the portfolio.

The formula for portfolio beta is,

Portfolio beta = wA * beta of A + wB * beta of B + ... + wX * beta of X

The weight of stock T in the portfolio is = 1 - (0.11 + 0.56) = 0.33 or 33%

Let beta of Stock T be x. The beta of Stock T is:

1.47 = 0.11 * 0.84 + 0.56 * 1.39 + 0.33 * x

1.47 = 0.0924 + 0.7784 + 0.33x

1.47 - 0.0924 - 0.7784 = 0.33x

0.5992 / 0.33 = x

x = 1.815 rounded off to 1.82

3 0

3 years ago

Read 2 more answers

Elston Company issued $500,000 of eight percent, 20-year bonds at 106 on January 1, 2010. Interest is payable semiannually on Ju

galina1969 [7]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0

3 years ago

Campbell's has been marketing soup in Japan for more than 40 years. Early on, Japanese consumers were not receptive to ads featu

Alex

Answer:

D, product-communication adaptation

Explanation:

Product adaptation can be defined as the process of modifying a product to make it useful for a variety of users.

Communication adaptation can also be defined as the change in a product's communication as a result of a change in product strategy.

Product-communication adaptation can be defined as the modification of a product for a variety of users but ensuring that the marketing of the product is through standard communication channels.

In the case of Campbell adapted his product to look like M'm M'm Good product but ensured that he used a standard communication channel (ads) to market his product.

Cheers.

6 0

3 years ago

Berta Company owns inventory prior to a customer ordering it from Norman Company. If a customer returns the merchandise, Berta C

Mumz [18]

Answer:

Principal

Explanation:

4 0

3 years ago

Read 2 more answers