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Romashka [77]
2 years ago
13

One of the problems associated with the utilitarianism is that it does not recognize that taxing those with higher incomes resul

ts in less work effort. each individual receives a different marginal benefit from a dollar's worth of income. equity is achieved when there is no poor and no rich. similar individuals should be treated the same.
Business
1 answer:
Shalnov [3]2 years ago
7 0

Answer:

taxing those with higher incomes results in less work effort.

Explanation:

In normative ethics, utilitarian ethics (utilitarianism) can be defined as a theory of morality or ethical theory that typically involves engaging in actions that facilitate pleasure, joy or happiness while completely opposing any action capable of causing harm and unhappiness.

Basically, utilitarian ethics considers an action to be right or morally correct if it produces genuine happiness or joy in the mind of a large number of people in an organization, group or society.

The three (3) main principles (axioms) of utilitarian ethics (utilitarianism) include the following;

I. The only thing with an intrinsic value is pleasure or happiness.

II. If an action promotes happiness or pleasure, then it is right; it is wrong if it causes harm or unhappiness (sadness).

III. The happiness of everyone in a group or society should count equally.

One of the problems associated with the utilitarianism is that it does not recognize that taxing those with higher incomes results in less work effort.

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State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash fl
Rudiy27

Answer:

A. Effect=CASH PAYMENT

Amount=$411,000

B. Effect=CASH RECEIPT

Amount=$440,000

C. Effect= CASH RECEIPT

Amount=$60,000

D. Effect= CASH PAYMENT

Amount=$650,000

E. Effect= CASH PAYMENT

Amount=$50,000

F.Effect=CASH RECEIPT

Amount=$490,000

G. Effect= CASH PAYMENT

Amount=$400,000

H. Effect=CASH PAYMENT

Amount=$1,320,000

Explanation:

Calculation to State the effect of cash receipt or payment and the amount

A. Based on the information given the effect will be CASH PAYMENT of the amount of $411,000

Effect= CASH PAYMENT

Amount=$411,000

B. Based on the information given the effect will be CASH RECEIPT of the amount of $440,000(20,000*$22))

Effect= CASH RECEIPT

Amount= $440,000

(20,000*$22)

C. Based on the information given the effect will be CASH RECEIPT of the amount of $60,000

Effect=CASH RECEIPT

Amount=$60,000

D. Based on the information given the effect will be CASH PAYMENT of the amount of $650,000

Effect=CASH PAYMENT

Amount= $650,000

E. Based on the information given the effect will be CASH PAYMENT of the amount of $50,000

Effect=CASH PAYMENT

Amount=$50,000

F. Based on the information given the effect will be CASH RECEIPT of the amount of $490,000 (98%*$500,000)

Effect=CASH RECEIPT

Amount=$490,000

(98%*$500,000)

G. Based on the information given the effect will be CASH PAYMENT of the amount of $400,000 (10,000*$40)

Effect=CASH PAYMENT

Amount=$400,000

(10,000*$40)

H. Based on the information given the effect will be CASH PAYMENT of the amount of $1,320,000 (1,000,0000*$1.50)-(120,000*$1.50)]

Effect= CASH PAYMENT

Amount=$1,320,000

[(1,000,0000*$1.50)-(120,000*$1.50)]

=$1,500,000-$180,000

=$1,320,000

8 0
2 years ago
The cost of renting tuxes for the Choral Society’s formal is $20 down plus $88 per tux. Express the cost ???? as a function of x
Nezavi [6.7K]

Answer:

a. $196

b. $88

c. $88

d. $88(x)

e. $20

f. $88

Explanation:

Given:

Rent = $20

Cost per Tux = $88

x = Number of tux

  • Since $20 is rent regardless , how many tuxes we rent

Cost function C(x) = 88(x) + 20

A. Cost of renting two tuxes

C(2) = $88(2) + $20

       = $176 + $20

       = $196

B. All tuxes has same cost, so cost of second tux = $88

C. All tuxes has same cost, so cost of tenth tux = $88

D. Here variable cost means value of tuxes , so variable cost = $88(x)

E. Here rent is described as fixed cost = $20

F. Marginal cost =  change in cost / change in quantity

                          =  ${(2*88) -(1*88)} / 2-1

                          =  $88

5 0
3 years ago
6. He is not a skilled worker. He
Neporo4naja [7]

Answer:

<em>earn</em><em> </em><em>.</em><em> </em>

<em> </em><em> </em><em> </em><em> </em><em> </em>

<em>He</em><em> </em><em>is</em><em> </em><em>not</em><em> </em><em>a</em><em> </em><em>skilled </em><em>worker</em><em>.</em><em> </em><em>He</em><em> </em><em>doesn't </em><em>earn</em><em> </em><em>much</em><em>.</em>

8 0
3 years ago
Read 2 more answers
Sutton Enterprises makes gadgets using a two-step process that involves machining and assembly, respectively. During the period,
MaRussiya [10]

Answer:

Total equivalent units= 11,890

Explanation:

Giving the following information:

Assembly Department completes 10,200 gadgets and transfers them to Finished Goods Inventory.

The Assembly Department has 2,600 gadgets in the process that are 65% complete for conversion.

<u>To calculate the equivalent units, we need to multiply the % complete for the number of units started:</u>

Units completed= 10,200

Units in ending inventory= 2,600*0.65= 1,690

Total equivalent units= 11,890

5 0
3 years ago
Tyson Foods is the largest U.S. beef and chicken​ supplier, processing more than​ 100,000 head of cattle and​ 40-plus million ch
Deffense [45]

Answer:

$810,000

Explanation:

The computation is shown below:

The increase in fixed cost is

= Salary of each sales representative × number of sales representatives hired

=  $45,000 × 18

= $810,000

Now the increase in sales needed for break even is

= Increase in fixed cost ÷ Contribution margin ratio

= $810,000 ÷ 30%

= $2,700,000

As we know that break even sales is computed by dividing the fixed cost by the contribution margin ratio and we applied the same

5 0
3 years ago
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