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iVinArrow [24]
2 years ago
14

Lump-sum taxes are rarely used in the real world because:_______________

Business
1 answer:
labwork [276]2 years ago
4 0

Answer:

c. lump-sum taxes are often viewed as unfair because they take the same amount of money from both poor and rich.

Explanation:

To understand this question, you have to first understand what lump-sum taxes are.

Lump-sum taxes are a system of taxes where everybody pays the same amount of tax no matter their economic status, or their actions. Basically, lump-sum taxes take the same amount of money from the rich and the poor, hugely increasing the burden on the poor and lessening that of the rich.

As an example, a lump-sum tax of $100 would require everybody to pay $100. To a person earning, say $120, that would be a huge hit, and be a huge burden on his normal life. However, to a rich person who earns, say, $10000, that would be much more easier for the rich person.

Hence, lump-sum taxes are often viewed as unfair because of the unfair advantage the rich have over the poor in tax-paying.

Hope this helped!

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When Get the Glare Out needed some information about the potential market for its product, the marketing team looked to the Inte
Romashka [77]

Answer:

secondary data.

Explanation:

Market research can be defined as a strategic technique which typically involves the process of identifying, acquiring and analyzing informations about a business. It involves the use of product test, surveys, questionnaire, focus groups, interviews, etc.

Secondary market research can be defined as a method designed to determine the demographics of a particular target market.

A secondary data can be defined as any form of data that has been obtained or collected earlier by someone else through primary sources for their own purpose and made readily available for other researchers to use. Thus, a secondary data is a type of data that has been previously obtained or collected.

In this scenario, the type of information the marketing team was using is referred to as secondary data because it looked to the Internet to find industry trends and at the market for eyewear products, which uses the same technology that is used in manufacturing its self-darkening windshield.

In conclusion, a secondary data is typically reliant or based on the primary source of information and as such it isn't a first hand experience.

4 0
3 years ago
Your roommate is studying to be a drummer in a rock band. She practices in your apartment every evening for three hours and the
Ludmilka [50]

Answer:

The correct answer is C. An internal cost

Explanation:

An internal cost is cost the internal struggle that is going on within oneself. Unlike external cost, it is not paid through material things, rather it is paid by internal mental strategies.

This is an example of an internal struggle because the roommate cannot be categorized into a third party, and it is your internal struggle that you cannot focus while there is noise. For some people, noise helps to concentrate.

Therefore, it would be considered as the internal cost that you pay due to your roommate.

5 0
3 years ago
Match the term with the correct definition.
bixtya [17]

Answer:

Matched as below

Explanation:

a. Cashier’s check: A draft drawn by a bank on itself

b. Check:  A draft drawn by a drawer ordering the drawee bank or financial institution to pay a certain amount of money to the holder on demand

c. Certified check:  A draft that is payable on demand, drawn on or payable through a bank, and specially designated

d. Traveler’s check: A draft that had been accepted by the bank on which it is drawn, promising to pay the check when it is presented

8 0
3 years ago
Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end
kow [346]

Answer:

Explanation:

business model of the securities is to earn capital gain and are classified as through fair vlaue through profit and loss

such securities are revalued at reporting date any gain are loss is recognized in profit and loss account.

Security name               Carrying Amount      Fair value         (Gain)/Loss

Telsa Bond                          15300                        11475                 3900                

Nike Bonds                          24400                       25620               -1220

Ford Bonds                          6100                           4880                  1220

the securities will recorded at fair value in the balance sheet and their respective gain loss will be recorded in profit and loss by making these entries

Entries

Loss on revaluation of investment           3900

                     Investment in Telsa bond             3900

To record the loss on telsa investment.

Nike Investment     1220

       Gain on revaluation of investment   1220  

To record the Gain on Nike investment.

Loss on revaluation of investment           1220

                     Investment in Ford bond             1220

To record the loss on Ford investment.

8 0
3 years ago
Claude Industries is planning on purchasing a new piece of equipment that will increase the quality of its production. It hopes
Shalnov [3]

Answer:

The new breakeven point is 737,500 in sales revenue

Explanation:

Breakeven point = Fixed cost / Contribution Margin Ratio

Actual Fixed Cost are Contribution Margin Ratio x Breakeven point

Fixed cost=Contribution Margin Ratio x Breakeven point

Fixed cost=0.40 x 650,000

Fixed cost=260000

If the​ company's fixed expenses increase

Fixed cost=260000 + 35000

Fixed cost=295000

Breakeven point = 295000/ 0.40

Breakeven point = 737,500

6 0
3 years ago
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