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3 years ago

The _____ tax rate is the percentage of additional earnings that goes to taxes.

1 answer:

7 0

The MARGINAL tax rate is the percentage of additional earnings that goes to taxes.

Marginal tax rate stands for the amount of tax paid on any additional income. It is based on progressive tax system that increases with the increase of an individual's income. Thus, it varis with the income of an individual.

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Frames, Inc. manufactures, produces, and sells picture frames. The frame sells for $25 and the variable operating costs per unit

astraxan [27]

Answer:

D) $320,000

Explanation:

We are given the following information:

unit price = $25 per frame
variable costs = $12 per frame
fixed costs = $50,000 for 25,000 frames or $2 per frame

If Frames is able to sell 30,000 frames in one month, their operating income should be:

Total sales revenue $750,000 (= $25 per frame x 30,000 frames)

COGS -$430,000 [= (30,000 x $12) + $70,000]

Gross operating profit $320,000

7 0

3 years ago

4. Which of the following is a communication technique used to address a negative situation and (1 point)

sveticcg [70]

Answer:

Confrontation

Explanation:

Confroning a person is better than talking in publoc due to lots of People listening

3 0

3 years ago

Read 2 more answers

What amount would a person with actual cash value (ACV) coverage receive for three-year-old furniture destroyed by a fire? The f

Lorico [155]

Answer:

The actual cash value a person would receive for a $4,500 destroyed furniture would be:

$3,000

Explanation:

Actual cash value is a method to calculate the value of an insured good. Its formula goes like this: Original value minus the original value divided by the years covered multiplied by two. In our case this would be 4,500-[4,500 / 6 x 2] giving us as result the following operation 4,500- 1500 = 3,000.

5 0

3 years ago

Fontana Manufacturing provided the following information for the month ended March 31: Sales Revenue $26,000 Beginning Finished

Vikentia [17]

Answer:

The correct answer is $23,600.

Explanation:

According to the scenario, the given data are as follows:

Beginning Finished goods = $8,000

Cost of Goods Manufactured = $15,600

So, we can calculate the cost of goods available for sale by using following formula:

Cost of goods available = Beginning Finished goods + Cost of Goods Manufactured

By putting the value we get,

Cost of goods available = $8,000 + $15,600

= $23,600

Hence, the cost of goods available for sale is $23,600.

6 0

3 years ago

After exercising the right of lien, the seller can resell the goods of perishable nature

Hoochie [10]

Rights of unpaid seller against the goods, andII. Rights of unpaid seller against the buyer personally. We shall now examine these rights in detail.

5 0

3 years ago