Answer:
The correct answer is a. utilitarian approach.
Explanation:
Utilitarianism is a theory founded at the end of the 18th century by Jeremy Bentham, which states that the best action is the one that produces the greatest utility for the greatest number of individuals involved, maximizes utility. Another philosopher who developed this concept was John Stuart Mill in his book "Utilitarianism" in 1863.
Part of the fact that every human being always acts, whether at the individual, collective, private, public level, as in political legislation, according to the principle of greatest happiness, in view of the benefit of the greatest number of individuals.
"Utility" is defined in several ways, generally in terms of the welfare of human beings. Bentham described it as the sum of all pleasure that results from an action, minus the suffering of any person involved in that action. In neoclassical economics, preference satisfaction is called utility while in moral philosophy, it is synonymous with happiness, whatever the way in which it is understood. This ethical doctrine is sometimes summarized as "the maximum welfare for the maximum number".
Answer:
b. Tom’s marginal income tax rate is 15 percent.
c. The income tax is progressive.
Explanation:
If higher incomes are subjected to higher tax rates, then the income tax is progressive. But if higher incomes are subjected to lower tax rates, then the income tax is regressive.
In this case, we can notice an increase in taxes associated with an increase in income, thus, the income tax is progressive.
Since Tom earns $35,000 per year, his income falls into the $20,001 to $35,000 tax range and his marginal income tax rate is 15 percent.
Alternatives b and c are correct.
Answer: $38,664
Explanation:
To solve this we shall use the Present Value of an Annuity Formula because the cost is the present value of all the payments.
The formula is as follows,
PV of an Annuity = C [ (1 – (1+i)^-n) / i ]
Where,
C is the cash flow per period
i is the rate of interest
n is the frequency of payments
They'll be paying twice a year for 4 years so n = 8
Since it is semi annually, the rate should be 8%/2, = 4%
Calculating we have,
= 5,000 ( 1 - ( 1 + 4%) ^-8 ) / 4%)
=$ 33,663.72
Then we add the $5,000 on purchase day to get,
= 5,000 + 33,663.72
= 38,663.72
= $38,664
The equipment reported on the balance sheet as of the purchase date is closest to $38,664
Answer:
e
Explanation:
you have to pay a manufacturer for the work of each product and that is often not paid.
