Marginal analysis is to examine the added benefits versus the added cost of an activity. Consumers use marginal analysis unknowingly for their decisions everyday. While producers use marginal analysis as a tool for making a decision that will help them maximize their financial gain.
Answer:
The answer is A: an estate and gift tax; to the next generation
Explanation:
A deceased person often via a will or according to laws of intestacy transfers the benefit and ownership of an estate to relatives or others without any consideration. the tax paid on such a transferred asset is called estate tax. This type of tax is often imposed on the property. But practice differs as some tax jurisdictions do impose estate tax on the beneficiary of the deceased property in which case it is called inheritance tax.
Such a tax is not to be imposed if the property is bequeathed to a spouse or a charity recognized under the Federal laws.
When an individual transfers properties during his life time to another without receiving full consideration in any form in return, the tax imposed on such transfer of ownership of asset is known as gift tax. The tax is usually imposed on the giver or transferor of the assets unless a retention of an interest exist which will likely delay the completion of the gift
The major difference between an estate tax and gift tax is that estate tax is tax on transfer of property without consideration to others after demise or death. Gift tax is a tax on transfer of ownership of property without consideration during the giver's lifetime (often called an inter vivos gift)
Answer:
$2,050,000
Explanation:
The computation of the initial cash flow for this project is shown below:
= Market value of the lot + estimated cost of the building
= $800,000 + $1,250,000
= $2,050,000
We simply added the market value of the lot and the estimated cost of the building so that the initial cash flow for this project could come
Answer:
D. $ 45
Explanation:
According to data given in question:
Bernard Company's budgeted manufacturing overhead = $2,700,000
Direct labor hours for the period = 60,000 hours
As Overhead is allocated on the basis of direct labor hours.
Manufacturing overhead rate = $2,700,000 / 60,000 hours
Manufacturing overhead rate = $45 / hour
So the correct Answer is D. $ 45
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