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Virty [35]
2 years ago
9

Which document gives Congress the power to lay and collect taxes?

Business
1 answer:
jarptica [38.1K]2 years ago
6 0
The constitution is the correct answer
You might be interested in
Weiss Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have
MariettaO [177]

Answer:

Proposal A:  $185,714.29

Proposal B: $160,000

Explanation:

Giving the following information:

$10,000 for installations to be completed.

The revenue generated by each unit is $ 20.00

Proposal A:

Fixed costs= 55,000

The variable cost is $13.00

Proposal B:

Fixed costs= 70,000

The variable cost is $10.00

Break-even point (dollars)= fixed costs/ contribution margin ratio

Proposal A: (55,000+10,000)/[(20-13)/20]= $185,714.29

Proposal B: (70,000 + 10,000)/[(20-10)/20]= $160,000

5 0
3 years ago
Some of the team members took great delight in stirring the pot at team meetings. They knew just how to get each team member agi
Sedaia [141]

Answer: C) Interactionist view of conflict.

Explanation:

The Interactionist view of conflict is a conflict school of thought that pushes the idea that conflict within a group can be a good thing.

It even goes further to state that conflict is necessary for a group to function effectively because it gets the group to compete and try to be the best thereby improving the general effectiveness of the group.

Some of those team members who took great delight in stirring the pot at team meetings are indeed steering up conflict and do look like they subscribe to this school of thought.

4 0
3 years ago
Morris Company had the following adjusted trial balance:
kondaur [170]

Answer:

$38,100 ; $45,600 and $0

Explanation:

The computation is shown below:

For amount transferred from the income summary account to the Retained Earnings account in the third closing entry i.e net income or net loss

As we know that

Net income = Total revenues - total expenses

Commission revenue $49,700

Rent revenue $7,300

Less: expenses

Depreciation expense - $5,200

Utilities expense -$8,600

Supplies expense -$5,100

Net income $38,100

The balance in retained earning account is

= Opening retained earning balance + net income - dividend paid

= $22,500 + $38,100 - $15,000

= $45,600

And, the balance in depreciation expense account is zero as this depreciation expense account is closed while closing the expenses account i.e utilities expense, supplies expense and depreciation expenses

7 0
3 years ago
A bank purchased a credit default swap from another financial institution to protect itself against the default of one of its bo
Vedmedyk [2.9K]

Answer: Hedging

Explanation: because the bank is hedging when it purchases a credit default swap that is offering protection against the default of one of its borrowers.

6 0
2 years ago
In 2015 through 2018, Shana borrowed a total of $30,000 for higher education expenses on qualified education loans. In 2019, whi
MissTica

Answer:

$0

Explanation:

A student who lives in his parents’ home and being claimed as a dependent by his parent cannot claim any return on tax return for an amount borrowed for higher education expenses or for an interest paid on such loan. This is because, the parents have already claimed as a dependent to reduce their taxable income.

Therefore, Shana will claim $0 because he still lives at home and being claimed by his parents as a dependent to reduce their taxable income.

5 0
3 years ago
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