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2 years ago

How does tax help to stablise the prices of the product

1 answer:

5 0

Tax helps in stablising the price of product ; because tax is added to the price of product as value added that's why increase in tax system also increases in price of product; also businessmen needs to pay tax from their profit.

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In its proposed 2022 income statement, Hrabik Corporation reports income before income taxes $500,000, income taxes $100,000 (no

DaniilM [7]

Answer:

Explanation:

Statement of Comprehensive Income :

$ $

Income from continuing operation before tax 500,000

Income Tax (100,000)

After Tax Income from Continuing operation 400,000

Loss from discontinuing operation (60,000)

Gain on disposal of discontinuing operation 40,000

loss on discontinuing operation b/4 tax (20,000)

income tax benefit @ 20% 4,000

After tax gain on discontinuing operation (16,000)

Net Income 384,000

Unrealized loss on available-for -sale securities (150,000)

Other Comprehensive Income 234,000

8 0

3 years ago

The advantage to savers and investors of receiving compound interest rather than simple interest is that future values are large

Maru [420]

Answer:

B. false

Explanation:

over time it becomes larger because you are bringing in more money from interest sitting there

3 0

2 years ago

Use the following for the next five questions: The following data is given for the Walker Company: Budgeted production..........

PtichkaEL [24]

Answer:

$1,188 unfavorable

Explanation:

The computation of the total direct labor variance is shown below:

Total Labor Variance is

= Total standard cost - total actual cost

= (Standard hours × Standard rate) - (Actual hours × Actual rate)

= (980 units × 4.5 × $14) - ($62,928)

= 61,740 - $62,928

= $1,188 unfavorable

Since the actual cost is more than the standard cost which results into unfavorable variance

8 0

2 years ago

Indicate how each of the following would shift the (1) marginal-cost curve, (2) average-variable-cost curve, (3) average-fixed-c

DerKrebs [107]

Answer:

a. A reduction in business property taxes. Fixed cost.

Marginal cost curve = No change

Average variable cost curve = No change

Average-fixed-cost curve = Shift down

Average-total-cost curve = Shift down

b. An increase in the nominal wages of production workers is a Variable cost.

Marginal cost curve = Shift up

Average variable cost curve = Shift up

Average-fixed-cost curve = No change

Average-total-cost curve = Shift up

c. A decrease in the price of electricity (Variable cost)

Marginal cost curve = Shift down

Average variable cost curve = Shift down

Average-fixed-cost curve = No change

Average-total-cost curve = Shift down

d. An increase in insurance rates on plant and equipment. (Fixed cost)

Marginal cost curve = No change

Average variable cost curve = No change

Average-fixed-cost curve = Shift up

Average-total-cost curve = Shift up

e. An increase in transportation costs. (Variable cost)

Marginal cost curve = Shift up

Average variable cost curve = Shift up

Average-fixed-cost curve = No change

Average-total-cost curve = Shift up

Explanation:

6 0

3 years ago

In 2019, Jamie earns $7,000 in net investment income and incurs $12,000 of investment interest expense. What is the maximum amou

Katen [24]

Answer:

nothing to be carried forward to next year $7,000 deductible this year;

Explanation:

Investment income is a return on the investment. Interest Expense is the amount of interest paid on the investment amount taken as a loan. The maximum amount to be adjusted as an expense against investment income is the amount of Investment income. Expenses no more than investment income will be adjusted. Nothing to be carried forward to next year.

8 0

3 years ago

How does tax help to stablise the prices of the product​

How does tax help to stablise the prices of the product