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3 years ago

What factors might be considered when creating a tax that is considered fair by most people in a society? explain?

1 answer:

4 0

<span>Factors to be considered when creating a tax that is fair to people on society is income, bracket of living (poor, middle class, etc). and financial factors as so. This ensures that everyone gets a fair tax, and will be agreed upon by everybody.</span>

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Jefferson Corp. decided to change its inventory valuation method from first in, first out (FIFO) to last in, first out (LIFO) in

elena-s [515]

Answer:

decreases

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

In a period of rising prices, changing from FIFO to LIFO means that the latest purchased goods would be of higher prices than the older goods. This would increase cost of goods sold and reduce net income.

Also, ending inventory would consist of older goods purchased at lower prices

Both net income and ending inventory would decrease

6 0

3 years ago

Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its

ololo11 [35]

Answer:

Allocated MOH= $165,240

Explanation:

Giving the following information:

Estimated manufacturing overhead $157,750

Estimated machine-hours 4,640

Actual manufacturing overhead $157,400

Actual machine-hours 4,860

First, we need to calculate the predetermined manufacturing overhead rate:

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

Estimated manufacturing overhead rate= 157,750/4,640= $34 per machine hour

Now, we can calculate the allocated overhead:

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

Allocated MOH= 34*4,860= $165,240

5 0

3 years ago

Read 2 more answers

Put the steps in chronological order that a company goes through to make an

bonufazy [111]

Answer:

- A prospectus is prepared

- The SEC is notified

- Investment bankers are recruited

- Stock is sold to the public

Explanation:

A P E X

6 0

3 years ago

On January 1, 2019, a company issued $400,000 of 10-year, 12% bonds. The interest is payable semiannually on June 30 and Decembe

Alecsey [184]

Answer:

interest expense for 6 months is $ 20658

Explanation:

Given data:

Total price of bond $400,000

Duration of bonds is 10 year

interest rate on bond is 12%

issue price on bond is $413,153 at 10% market rate

The calculation for interest expense for 6 months is given below:

= $Issue\ price \times market\ rate\ of\ interest \times \frac{number\ of months for\ interest}{(no.\ of\ months \in\ a \ year)}$ $= $413,153 \times 10\% \times \frac{6}{12}$

= 20658

The six months is taken from Jan 1 to 30 th June 2016

8 0

4 years ago

Some companies want to get their products into as many outlets as possible, understanding that the more exposure a product gets,

Rus_ich [418]

The correct answer is the intensive distribution. An intensive distribution is being defined as having to get products to many outlets as possible by which the consumers are likely to encounter and see the product everywhere that they may go to.

5 0

4 years ago

Read 2 more answers