I think you would have to do math to find the answer\
The principle that's illustrated by the gas tax is known as the benefit received principle.
<h3>What's a tax?</h3>
It should be noted that a tax is a compulsory payment that generate revenue to the government.
In this case, a gas tax imposed by some states in which those who use the roads more pay more to maintain them is based on the benefits received principle.
Learn more about tax on:
brainly.com/question/25783927
Answer:
Earning Satisfactory Profits
Explanation:
Based on the information provided within the qeustion it seems that the management of Fresnas Designs Inc. bases its pricing policy on Earning Satisfactory Profits. This is basically when a company revolves all their decisions around trying to make a reasonable level of profits that is consistent with the level of risk that they face. Which is what Fresnas is doing by pricing their products reasonably as opposed to pricing them higher even thought hey can.
Missing information:
<u>Balance sheet
</u>
Current assets $3,300 Current liabilities $2,200
Fixed assets $10,200 Long-term debt $3,750
Equity $7,550
Total $13,500 Total $13,500
<u>Income statement</u>
Sales $6,600
Costs $5,250
Taxable income $1,350
Taxes (34%) $459
Net income $891
Answer:
$1,350.60
Explanation:
external financing needed = [(assets / sales) x ($ Δ sales)] - [(current liabilities / sales) x ($ Δ sales)] - [profit margin x forecasted sales x (1 - dividend payout ratio)]
EFN = [($13,500 / $6,600) x $1,188] - [($2,200 / $6,600) x $1,188] - [(0.135 x $7,788 x (1 - 0.35)]
EFN = $2,430 - $396 - $683.40 = $1,350.60
External financing refers to the amount of money that a business must either borrow or raise capital in order to keep operating as they have been doing so.
