Higher taxes is very unpopular and may result in losing the future elections.
Higher tax rate means decrease in the real income of the people. This will results in rising of the inflation as higher the tax rate the more will be the cost of production.
There will be many other consequences for the implication of higher tax rates such as people will not like that government anymore because very few people if comfortable in paying more taxes.
It will increase the gap between the rich and poor.
It may be possible that in future people will not prefer this government again for charging higher tax rates.
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Decision making under uncertainty where different outcomes are possible with different probabilities form the basis of risky decision making.
Before going any further, it is important to establish the distinction between risk and uncertainty because the two are frequently confused. We went into great detail about the distinctions between risk and uncertainty. Making Decisions in an Uncertain World Even though we are aware that outcomes are unpredictable, we don't try to give them probabilities.
The components of risky decision include:
A risk assessment process, determination of the likelihood and probability of a risk occurrence and its consequences (qualitatively and quantitatively), as well as risk characteristics and factors including its onset and duration, Risky decisions (prioritization, mitigation, and treatment), a risk representation system (risk matrix or heat map).
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Answer:
The accounts receivable turnover is computed by dividing <u>net sales by average net receivables.</u>
Explanation:
The accounts receivable turnover is used to quantify a company's effectiveness in collecting its receivables from its clients.
Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable
A high receivables turnover ratio can indicate that a company’s collection of accounts receivable is efficient and a low receivables turnover ratio might be due to a company having a poor collection process.
Promotional pricing is the correct answer
Answer:
C. $24,000
Explanation:
We assume that the company follows the percentage-of-sales method. In this method, the company ignored the previous balance of allowance for Doubtful Accounts
So, the amount of the adjusting entry to record the estimate of the uncollectible accounts would be
= Net credit sales × estimated percentage given
= $600,000 × 4%
= $24,000
All other information which is given is not relevant. Hence, ignored it