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Leokris [45]
3 years ago
14

________ seem as a group to be mildly regressive, and ________ seem as a group to be mildly progressive.

Business
1 answer:
Sever21 [200]3 years ago
5 0

Answer: D) State and local taxes; federal taxes.

Explanation:

States and local taxes are seen to be mildly regressive because low income earners typically pay a higher proportion of their income when compared to the high earners.

For the federal taxes, they are seen to be mostly progressive because the higher earners pay a larger part of their income when compared to the lower earners.

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Brian, an industrial equipment sales rep, purchases a quick snack to eat on the way to work. He buys lunch while on the road vis
solniwko [45]

Answer:  Option A

 

Explanation: A convenience store might be part of a gas / petrol station, allowing consumers to easily buy goods and services when fueling their vehicles. It may be situated along a busy highway, in a metropolitan area, alongside a train or train station, or at another regional hub.

Generally convenience stores charge significantly higher prices than traditional grocery stores or supermarkets, as these wholesalers order limited stock amounts at higher per-unit prices. Convenience stores, however, compensate for this deficit by providing longer open hours, more locations and shorter cashier lines.

5 0
3 years ago
A market Group of answer choices always requires face-to-face contact between buyer and seller. reflects upsloping demand and do
tatiyna

Answer:

Option C "is an........sellers" is the right answer.

Explanation:

  • The market is considered as a location wherever vendors as well as purchasers gather together or enable their exchange of goods and commodities of products or even just providers.
  • It could be like a department shop wherever individuals keep in touch throughout real life or virtually like such an internet market, where other businesses and consumers weren’t directly connected.

The provided situation isn't linked to other alternatives. Thus the above response is the right one.

7 0
3 years ago
A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Beginning Balances B
iVinArrow [24]

Answer:

$56,000

Explanation:

Given the above information, we will calculate first the total cash flow.

Total cash flow = Opening cash receivable + Sales - Ending cash receivables

= $196,000 + $880,000 - $226,000

= $850,000

Ending cash balance = Opening cash balance + Total cash flow - Cash disbursement

= $146,000 + $850,000 - $940,000

= $56,000

6 0
3 years ago
You win the lottery and must decide how to take the payout. Use a 10​% discount rate. What is the present value of $ 12 comma 00
AlexFokin [52]

Answer:

PV= $45,489.44

Explanation:

Giving the following information:

Discount rate= 10%

Cash flow= $12,000

Number of years= 5

First, we need to calculate future value. We will use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {12,000*[(1.1^5) - 1]} / 0.1

FV= $73,261.2

Now, the present value:

PV= FV/(1+i)^n

PV= 73,261.2/1.1^5

PV= $45,489.44

8 0
3 years ago
Pacioli Company developed the following reconciling information in preparing its September bank reconciliation: Cash balance per
Fudgin [204]

Answer:

c. $2,775

Explanation:

The computation of cash balance per books (before adjustments) is shown below:-

Balance per book = Balance per Bank - Notes Receivable collected by bank - Deposits in transit + Bank service charges + NSF

= $12,000 - $6,000 - $4,500 + $75 + $1,200

= $2,775

Therefore for computing the balance per book we simply applied the above formula.

7 0
3 years ago
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