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3 years ago

Categorizing U.S. taxes

Business

1 answer:

Sergeeva-Olga [200]3 years ago

5 0

Answer:

Explanation:

A regressive tax is a tax system where the same tax rate is applied uniformly. As a result, those earning less income are taxed higher than those earning more income.

Sales tax is an example of a regressive tax.

If sales tax is 5%. Worker A earns $100 and worker B earns $1000. Both buy a good worth $50 before tax. the sales tax is worth $2.5.

The tax comprises $2,5 / 100 = 2.5% of worker A's income and $2,5 / $1000 = 0.025% of Worker B's income.

It can be seen that worker A who earns less income is taxed higher

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Which types of post secondary education are examples of traditional academic education? Check all that apply

RideAnS [48]

A and C (associates and bachelors)

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3 years ago

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The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Balance Sheet Sales $23,500 Assets $12

finlep [7]

Answer:

$20,370.5

Explanation:

Net Profit Margin = Net Profit / Sales= 5,168 / 23500 = 0.219915 = 21.99%

Dividend Payout Ratio = Dividends / Net profit = $1,560/$5,168 = 0.3018576 = 30.19%

Increase in Assets = Total Assets / Current Sales * Change in Sales

Increase in Assets = 121,000 /23,500 * (28,300-23,500)

Increase in Assets = 5.1489362 * 4800

Increase in Assets = $24714.89

Increase in Current Liabilities = Current Liabilities / Current Sales * Change in Sales = 0

Earnings Retained = Revised sales * Net profit margin * (1- dividend payout ratio)

Earnings Retained = $28,300 * 21.99% * (1 - 30.19%)

Earnings Retained = $28,300 * 0.2199 * 0.6981

Earnings Retained = $4344.39497

Earnings Retained = $4344.39

External Financing Needed = Increase in Assets - Increase in Current Liabilities - Earnings Retained

External Financing Needed = $24714.89 - $0 - $4344.39

External Financing Needed = $20,370.5

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2 years ago

Once the outputs are identified in a work flow analysis, the next step involves: identifying the materials needed to generate th

hichkok12 [17]

Answer:

taking an inventory of the special equipment, facilities, and systems needed for production.

Explanation:

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3 years ago

The cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $

natita [175]

If the cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. the variable expense ratio is: 29%.

<h3>Variable expense ratio</h3>

Using this formula

Variable expense ratio=Total variable expense /Total sales

Let plug in the formula

Variable expense ratio=$245,050/ $845,000

Variable expense ratio=0.29×100

Variable expense ratio=29%

Therefore If the cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. the variable expense ratio is: 29%.

Learn more about variable expense ratio here:brainly.com/question/24161829

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2 years ago

. A company produces two products, A and B, which have profits of $9 and $7, respectively. Each unit of product must be processe

prohojiy [21]

Answer:

(a) Linear model

$max\ P = 9x + 7y$

Subject to:

$12x + 4y \le 60$

$4x + 8y \le 40$

$x,y \ge 0$

(b) Standard form:

$max\ P = 9x + 7y$

Subject to:

$12x + 4y + s_1 = 60$

$4x + 8y +s_2= 40$

$x,y \ge 0$

$s_1,s_2 \ge 0$

Explanation:

Given

$\begin{array}{ccc}{} & {Hours/} & {Unit} & {Product} & {Line\ 1} & {Line\ 2} & {A} & {12} & {4} & {B} & {4} & {8} & {Total\ Hours} & {60} &{40}\ \end{array}$

Solving (a): Formulate a linear programming model

From the question, we understand that:

A has a profit of $9 while B has $7

So, the linear model is:

$max\ P = 9x + 7y$

Subject to:

$12x + 4y \le 60$

$4x + 8y \le 40$

$x,y \ge 0$

Where:

$x \to line\ 1$

$y \to line\ 2$

Solving (b): The model in standard form:

To do this, we introduce surplus and slack variable "s"

For $\le$ inequalities, we add surplus (add s)

Otherwise, we remove slack (minus s)

So, the standard form is:

So, the linear model is:

$max\ P = 9x + 7y$

Subject to:

$12x + 4y + s_1 = 60$

$4x + 8y +s_2= 40$

$x,y \ge 0$

$s_1,s_2 \ge 0$

4 0

2 years ago