1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
babymother [125]
2 years ago
10

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.

You might be interested in
Mutual funds offer small investors an opportunity to diversify their investments.
Firdavs [7]
A. True the answer is not false
3 0
3 years ago
Read 2 more answers
Developing a relationship on the first visit is becoming increasingly important in the _____________ stage of the personal selli
Bezzdna [24]

Developing a relationship on the first visit is becoming increasingly important in the ​approach stage of the personal selling process.

<h3><u>What is personal selling process ?</u></h3>
  • When a salesperson meets with a potential customer to close a deal, this is known as personal selling.
  • A sequential sales process with generally nine phases is used by many salespeople. Some salespeople create scripts for the entire or selected portions of the sales process.
  • In order to increase the process' effectiveness, a salesman must be familiar with each stage, which includes the following:
  • 1. Prospecting and Evaluating
  • 2. Approaching the Consumer
  • 3. Preparing for the Sale
  • 4. Making the Presentation
  • 5. Overcoming the Objections
  • 6. Closing the Sale
  • 7. Following Up.
  • The selling process is a series of actions performed to secure an order and start developing enduring relationships with customers. The exercises are applicable to all selling techniques and are adaptable to the majority of selling scenarios (including non-product selling such as – selling an idea).

To view more questions on personal developement, refer to:

brainly.com/question/7036610

#SPJ4

6 0
1 year ago
You have your choice of two investment accounts. Investment A is a 9-year annuity that features end-of-month $2,180 payments and
PtichkaEL [24]

Answer:

Hence, $ 145548.77 should be invested in B today for it to be worth as much as investment A 9 years from now.

Explanation:

Future value of investment A

=2180*(((1+(8%/12))^(9*12)-1)/(8%/12))

=343196.39

How much money would you need to invest in B today

=343196.39/(1+10%)^9

=145548.77

5 0
3 years ago
The return for a portfolio consisting of n securities will be based on the return for each of the securities as well as the prop
andrew11 [14]

Answer:

There are some other ways to act scenario analysis. The standard method is to decide the standard deviation of regular or monthly safety returns and so calculate what amount is required for this portfolio if each security yields returns that exist two or three standard deviations above and below the average performance. This means the analyst may get a fair amount of certainty considering the difference in the value of the portfolio within a given period, by simulating these extremes. Scenarios being thought may refer to one single variable, e.g., the relative success or failure of the current product launching, or the combination of elements, e.g., those results of the product launch combined with possible changes in the activities of competitor businesses. The purpose is to examine the effects of the more extreme results to define an investment strategy.

4 0
3 years ago
Brief Exercise 12-8 have a carrying Ayayai Corporation purchased Johnson Company 3 years ago and at that time recorded goodwill
blsea [12.9K]

Answer:

Explanation:

Since the fair value of the division is less than the carrying value of the division so the loss on impairment is recorded

The journal entry to record the impairment of the goodwill is shown below:

Loss on impairment A/c Dr $30,000

                       To Goodwill A/c $30,000

(Being loss on impairment is recorded)

The computation is shown below:

= Carrying value - fair value  

= $300,000 - $270,000

= $30,000

4 0
3 years ago
Other questions:
  • When solving systems of equations we have at least two unknowns. A common example of a system of equations is a price problem. F
    13·1 answer
  • King Noodles' bonds have a 7.5% coupon rate. Interest is paid quarterly and the bonds mature in 8 years. If the discount rate is
    15·1 answer
  • If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their __________________
    7·1 answer
  • The analysis of receivables method of costing inventory is based on the assumption that: a.the bad debt expense is recorded only
    7·1 answer
  • Total population: 39,404 Average household income: $121,000 Average household expenditures: $81,000 In their 20s and 30s: 53% Wh
    12·1 answer
  • In the context of financial management information systems, transaction processing systems or enterprise systems capture transac
    14·1 answer
  • I have a 88.1% right now, if I get 15 out of 15 on this assignment what will my grade be
    13·1 answer
  • Graham Freightway provides freight service. The company's balance sheet includes Land, Buildings, and Motor-Carrier Equipment. G
    14·1 answer
  • At the start of the current year, Company A purchased 30% of Company B for $45 million. At the time of purchase, the carrying va
    5·1 answer
  • Nicholas is the production manager for a manufacturing firm. He has two supervisors who are experiencing conflict with each othe
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!