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marshall27 [118]
3 years ago
11

Which type of text takes a larger proportion of money from people who make more money?

Business
1 answer:
Reika [66]3 years ago
4 0

Answer:

B: progressive tax

Explanation:

A progressive tax exacts a higher tax rate on high-income earners. The taxpayer's income is the basis for the tax rate. Under the progressive tax system, income levels are grouped into tax brackets. Taxpayers in a low-income bracket will have a low tax rate compared with those in the higher-income bracket. It means the wealthy will pay more taxes compared to the poor. The more the income, the higher the taxes paid.

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Suppose that consumer spending initially rises by $5 billion for every 1 percent rise in household wealth and that investment sp
Ivan
It will rise $80 billion if the household wealth falls by 4 percent.
3 0
3 years ago
Jmes Graham Manufacturing is a small manufacturer that uses machine-hours as its
IgorLugansk [536]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Company - Job 62 - Job 63

Direct materials: $60,000 - $4,500 - $7,100

Direct labor: $25,000 - $2,500 - $4,200

overhead costs $72,000

Machine hours: 90,000 - 1,350 - 3,100

During 2019, the actual machine-hours totaled 95,000, and actual overhead costs were $71,000. Job 62 consisting of 1,000 units and Job 63 consisting of 2000 units were completed during the month.

A) To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 72,000/90,000

Estimated manufacturing overhead rate=  0.8 per machine-hour

B) Total manufacturing cost= direct material + direct labor + allocated overhead

Job 62:

Total manufacturing cost= 4,500 + 2,500 + 0.8*1,350

Total manufacturing cost= $8,080

Job 63:

Total manufacturing cost= 7,100 + 4,200 + 0.8*3,100

Total manufacturing cost= $13,780

C) Unitary cost= total cost/ number of units

Job 62:

Unitary cost= 8,080/1,000= $8.08

Job 63:

Unitary cost= 13,780/2,000= $6.89

D) First, we need to apply overhead for the company as a whole:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 0.8*95,000

Allocated MOH= $76,000

Now, we can calculate the over/under applied overhead:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 71,000 - 76,000

Overapplied overhead= $5,000

E) Job 62= 14,000

Job 63= 18,000

Gross profit= sales - cost of goods sold

Job 62:

Gross profit= 14,000 - 8,080= $5,920

Job 63:

Gross profit= 18,000 - 13,780= $4,220

7 0
3 years ago
List two types of discounts and explain how they work for consumers.
Aleks04 [339]

Answer:

Early settlement Discount: It is offered to customer to encourage them to pay earlier than the payment date.

Bulk Discount: If the customer buys over a certain quantity, he will get a discount.

4 0
3 years ago
Andre works for a company that promotes an entrepreneurial culture. Employees are encouraged to discuss new ideas. Development t
gtnhenbr [62]

Answer:

Intrapreneurs

Explanation:

An intrapreneur is an employee who is responsible for creating new products in an organization. An intrapreneur is an individual who converts an idea into a finished product. An intrapreneur must possess the ability to create something unique, they must be self motivated individuals who are willing to take calculated risks inorder to achieve their goals.

An intrapreneur possess entrepreneurship skills, they must be able to inspire other employees to create something new because an organization will loose it's relevance if new products are not developed.

6 0
3 years ago
Belton, Inc. had the following transactions in 2018, its first year of operations:• Issued 33,000 shares of common stock. Stock
Finger [1]

Answer:

A) $792,000

Explanation:

33,000 shares of common stock

issued at:

market value 24 dollars

face vale         1 dollar

additional paid-in 23 per share

<u>Equity:</u>

<em>Common Stock </em>

33,000 shares x   1 =    33,000

<em>Additional Paid-in capital</em>

33,000 shares x 23 = 759,000

Total capital               792,000

The total paid-in capital will be the sum of both, the common stock and the paid-in capital in excess of par.

5 0
3 years ago
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