Answer:
"Progressive" would be the correct answer.
Explanation:
- A Progressive tax was indeed determined by the capability of the tax authorities to charge or compensate. It wants to inflict a lower corporate rate of taxation on low-wage earners unlike those with maximum income levels.
- This would be generally accomplished by establishing taxation levels for the group of tax-paying citizens based on income frequencies.
That is why the aforementioned seems to be the correct approach.
The Owner of the Financial Asset
Explanation:
Primary market: is the market where the initial sale of common stocks is made by a company and the proceeds of the sale go to the company for the newly issued stock.
Secondary market: is the sale of used stock in that the current owner sells it to a new owner and the proceeds go to the current owner not the company
First sale of a joint stock by a corporation is the prime market. The secondary market is to purchase the "real" equipment by selling the current owner to a new owner and the revenue is passed to the present owner
The
gross margin ratio is also known as the gross profit margin or the gross profit
percentage.<span>
The gross margin ratio is computed by dividing the
company's gross profit dollars by its net sales dollars.</span>
swim department net sales--------------------- $1,150,000
cost of goods sold<span> -------------------------------- $638,400</span>
This means its gross profit is $511,600 (net sales of $1,150,000
minus its cost of goods sold of $638,400) and its gross margin ratio is 44%
(gross profit of $511,600 divided by net
sales of $1,150,000).
The $4,500 balance in prepaid insurance represents the premium paid in advance for a three-month liability insurance policy. assuming that 2 months of premium has now expired, the adjustment would be recorded in the worksheet as a debit to Insurance Expense, $3,000
<h3>What is insurance?</h3>
Insurance is referas as a technique that helps in securing an individual from any kind of financial loss or risk by taking the policy in which compensation is received to policyholder by paying some premium.
In this case 4,500 balance in prepaid insurance where a 3-month liability insurance policy was paid in this case Rs 3000 will be debited to insurance expense.
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