A credit union is a non-profit financial intermediary.
Answer:
b, c and a
Explanation:
Ability to pay principle refers to an economic principle that states that the amount of tax an individual pays should be <u>dependent on the level of burden the tax will create relative to the wealth</u> of the individual.
Based on the above definition, the first category will be:
1. Local property taxes support elementary and secondary schools. <em>This tax will definitely generate the biggest tax burden of the 3 cases in the scenario.</em>
2. An airport trust fund collects a tax on each plane ticket sold and uses the money to improve airports and the air traffic control system. <em>Obviously this tax will be of a higher burden than paying national park entrance fees but will not be as heavy as local property taxes</em>
3. Visitors to many national parks pay an entrance fee. <em>Park entrance fees will be of the lightest burden of the three cases in the scenario.</em>
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Answer:
$44,000
Explanation:
Given that,
Marco started the shop by investing = $40,700 cash
Equipment valued = $18,700 in exchange for common stock.
Purchased office supplies on credit = $140
Paid cash for the receptionist's salary = $1,900
Balance of the cash account after these transactions were posted:
= Cash Investing in Shop - Paid cash for receptionist salary + Receive cash from sale of frame
= $40,700 - $1,900 + $5,200
= $44,000
Answer:
the economic order quantity is 18 units
Explanation:
The computation of the economic order quantity is as follows
Economic order quantity is
= 18 units
hence, the economic order quantity is 18 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
