Answer:
Marginal
Explanation:
Individuals are required to pay taxes on the income earned. Marginal tax rate is the rate applicable on the additional income earned. This rate increase with the increase in income. The aim of marginal tax rate is to tax individuals based on their income. Higher the income, higher will be marginal tax rate. So, lower income group would be taxed at a lower rate.
Here, additional taxes of $0.30 for a $1 increase in income means the individual's marginal tax rate is 30% that is 0.3/1 × 100.
Answer:
Forecasting
Explanation:
Because a weather forecast looks ahead for weather. You are forecasting your financial future
Answer:
Answer 1. Warranty expense to be recognized is ($11,000*0.04)=$440
Answer 2. Warranty liability at end of year one is $440
Answer 3. Warranty liability at the end of year two is ($440-$130)=$310
Answer 4.
Cash $11,000
To sales $11,000
(sale of copier recorded)
Warranty expense $440
To Warranty liability $440
(Warranty recorded at the end of year 1)
Warranty liability $130
To inventory $130
(Repairs done to copier)
Answer:
The correct answer is letter "B": reports.
Explanation:
Financial reports are the accounting statements managers request to find out what the performance of the company is. Based on that information that could be digitally formatted, top executives can decide what course the firm should take. If the current strategy is not working as expected, adjustments could be made or new strategies can be adopted to run the business effectively.
