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3 years ago

Explain why the income tax graph has different slopes. what is the meaning of each slope?

1 answer:

3 0

If we are talking slopes, we are talking linear equations, since lines are the only functions with slopes. If the slopes are the same, the lines will be parallel, and that is where we have a case of no solution because parallel lines will never intersect. NEVER EVER. If the slopes are different, eventually the lines will intersect somewhere.

HOPE THIS HELPS :)

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Which of the following is one of the three arguments in favor of narrow corporate social responsibility discussed in this chapte

zaharov [31]

Answer: let-government-do-it

Explanation:

The narrow corporate social responsibility has to do with the fact that corporations and businesses already contribute a positive quota to tye economy by generating revenue when they make profit, which they use in supporting the wages of employees, provision of employment, investments opportunities, and payment of taxes.

The argument believes that government should be allowed to do some other things.

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3 years ago

What is the value today of an annuity of $6,800 per year, with the first cash flow received three years from today and the last

erma4kov [3.2K]

Answer:

PV $61,399.0165

Explanation:

First, we solve for the present value of the annuity:

3rd year > Annuity Start 25th year end

<-----/----/----/----/----/----/----/----/----/......----/----/----/----/----/---->

^ Present day

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 6,800.00

time 22 years (25 - 3)

rate 0.07

$6800 \times \frac{1-(1+0.07)^{-22} }{0.07} = PV\\$

PV $75,216.4354

Now, as this is 3 years from now so we make an additional discount from this lump sum:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $75,216.4354

time 3.00

rate 0.07000

$\frac{75216.4353825748}{(1 + 0.07)^{3} } = PV$

PV 61,399.0165

that would be the value of the annuity today.

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4 years ago

Small businesses selling on credit find that:

Mamont248 [21]

Answer:

b. it is expensive and requires a great deal of effort.

Explanation:

selling on credit is basically lending money to customers and it can be very expensive for a small business. First of all, the risk of not getting paid always exists. Second, a small business doesn't generally have excess cash in order to finance credit sales. This means that you might probably need to borrow money yourself to finance your customers.

The good side of credit sales is that they might help you increase your total sales. But you have to calculate which is higher, the costs or the benefits.

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4 years ago

Diaz Company owns a machine that cost $125,500 and has accumulated depreciation of $91,800. Prepare the entry to record the disp

natta225 [31]

Answer:

Accumulated Depreciation $91,800

Loss on Disposal $33,700

Machine Account $125,500

Cash $35,000

Accumulated Depreciation $91,800

Profit on Disposal $1,300

Machine Account $125,500

Cash $68,000

Accumulated Depreciation $91,800

Profit on Disposal $34,300

Machine Account $125,500

Cash $80,000

Accumulated Depreciation $91,800

Profit on Disposal $46,300

Machine Account $125,500

Explanation:

The situations were missing which were as follow:

1. The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return.

2. Diaz sold the machine for $35,000 cash.

3. Diaz sold the machine for $68,000 cash.

4. Diaz sold the machine for $80,000 cash.

Journal Entries are made according to these.

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3 years ago

Increased government spending for investments such as highways or harbors financed by increasing the public debt would most like

zavuch27 [327]

Answer:

Complement private investment

Explanation:

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3 years ago

Explain why the income tax graph has different slopes. what is the meaning of each slope? ​

Explain why the income tax graph has different slopes. what is the meaning of each slope?