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2 years ago

Evaluate the economic consequences of increasing progressive taxes in order to redistribute income (6)

Business

1 answer:

Troyanec [42]2 years ago

4 0

Answer:

Increasing progressive taxes in order to redistribute income may be seen as a fair and noble thing, but such measure may have several unintended consequences.

Explanation:

One consequence is that if taxes are raised too high on the highest earners, these people may simply leave the country for another one where taxes are lower. Wealthy people have the means to do so in the modern economy.

Another consequence would occurr if the taxes are raised too high on corporations. Corporations may either leave the country as well, or pass through the higher costs to the consumers.

All in all, progressive taxation is seen as a fair system by many economists, but it should be implemented with care, and by making cost/benefit analysis first.

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Colter Steel has $5,400,000 in assets. Temporary current assets $ 2,800,000 Permanent current assets 1,590,000 Fixed assets 1,01

Mademuasel [1]

Answer:

Explanation:

Long term Financing = Permanent Current Assets + Fixed Assets

Long term Financing = $1,590,000 + $1,010,000 = $2,600,000

Short Term Financing = Temporary Current Assets = $2,800,000

Long Term Interest Expense = $2,600,000 * 0.17 = $442,000

Short Term Interest Expense = $2,800,000 * 0.12 = $336,000

Total Interest Expense = $442,000 + $336,000 = $778,000

Earnings before Taxes = Earnings before Interest & Taxes - Interest Expense

Earnings before Taxes = $1,140,000 - $778,000 = $362,000

Earnings after Taxes = Earnings before Taxes * (1 – Tax rate)

Earnings after Taxes = $362,000 * (1 – 0.40) = $217,200

3 0

3 years ago

Which feature prevents a company from uilizing the private assets of its shareholders for the payment of its leabiities?

-Dominant- [34]

Answer: Limited Liability

Explanation: Business owners' liability for debts is restricted to the amount they put into the business.

3 0

3 years ago

Red, Jess, and Frankare coworkers at Crossroad Inc. Having worked at CI for five years now, the three are discussing their caree

joja [24]

Answer:

The correct answer is Normative Commitment.

Explanation:

Normative commitment is defined as a psychological vision of the members of an organization and their attachment to the workplace. Employee engagement is essential to determine if workers will remain for a longer period of time and will do so with the passion necessary to achieve the established objectives.

Knowing the normative commitment helps predict job satisfaction, workforce commitment, leadership distribution, performance, job insecurity, etc. It is important that this be observed from the point of view of management in order to know their dedication to the tasks assigned daily.

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3 years ago

The cost of using/borrowing money is reflected in the

spayn [35]

Interest rate? Repayment amounts? Length of time of loan? Smile on the face of the money lender? Might there be a little more to this quesition?

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2 years ago

By going public, netflix encountered competition from the large, established firms wal-mart and blockbuster. What aspect of netf

jek_recluse [69]

The aspect of Netflix going public that lured the firms to the market would be that By going public, Netflix was required to disclose its financial position.

<h3>What does it mean to go public?</h3>

When it is said that a company has gone public, what this would mean is that the company has been able to undertake the initial public offering that it has and it has sold its shares to the public so that it can raise more capital.

Hence we cans ay that the aspect of Netflix going public that lured the firms to the market would be that By going public, Netflix was required to disclose its financial position.

Read more on going public here: brainly.com/question/4888786

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1 year ago