Answer:
B: progressive tax
Explanation:
A progressive tax exacts a higher tax rate on high-income earners. The taxpayer's income is the basis for the tax rate. Under the progressive tax system, income levels are grouped into tax brackets. Taxpayers in a low-income bracket will have a low tax rate compared with those in the higher-income bracket. It means the wealthy will pay more taxes compared to the poor. The more the income, the higher the taxes paid.
Answer: Please refer to Explanation
Explanation:
The attached photo contains the complete question as well as some options.
1. Both qualitative and quantitative analysis.
The analysis phase includes both of these types of analysis to provide a complete view of a variable from both a numbers and an experience perspective.
2. Judgement, experience, and intuition.
Qualitative Analysis is usually based on these 3 as numbers are not necessarily used.
3. Experience.
The more you are faced with analysing Qualitative data, the more the get used to it and better at it.
4. quantitative facts, data, and mathematical expressions.
Quantitative Analysis is done on mathematical instruments such as facts,data and expressions to provide a more mathematical driven approach to analysis.
5. Studying.
The more you study Quantitative Data and it's methods of analysis, the better you get at it because you begin to see patterns as well as use better analytic tools.
Answer:
C) Data scientist.
Explanation:
Data science is the use of various methods such as algorithms, scientific methods, and systems to get insights and knowledge from structured and unstructured data.
Angelica in helping business clients identify, organize, and analyze data from social media sources, internal CRM databases, commercial entity sources, and government sources is taking a data scientist's role.
Answer:
In this case the consumer needs to buy one unit of X good and 2 units of Y goods to maximize total utility.
Explanation:
In order to maximize total unity, the consumer needs to buy buy one unit of X good and 2 units of Y. This combination of goods will give the total satisfaction to the consumer with its available resources.
Utility is a meaning, which is used in economics. Which is used for satisfaction and fulfillment. That a consumer receives from the consumption of a particular product or service.
Total utility is the overall or total satisfaction a customer receives through taking a specific good or service.
Answer:
Debit Insurance expense $10,000
Credit Prepaid Insurance $10,000
Being entries to recognize insurance expense for the period (August to December).
Explanation:
Given;
Insurance policy was purchased on July 10 to run for 3 years.
Cost of policy = $72,000
Start date is August 1st. As at 31 December, the policy should have been amortized for 5 months (August to December)
Monthly depreciation = $72,000/(3 × 12)
= $2,000
Total amortization between August and December = 5 × $2,000
= $10,000
Journal entries
Debit Insurance expense $10,000
Credit Prepaid Insurance $10,000
Being entries to recognize insurance expense for the period (August to December).
