Answers
A tax is regressive if the marginal tax rate increases as income increases.
The marginal tax rate is the rate of tax in which the person pays the tax extra on the extra income or salary like incentives of salary at the end of the month.
The regressive tax hurts the person who have lower income and tax bigger amount of their income. It is called the regressive of the tax.
The tax rate is the tax burden on the individual like employee, business owner etc. On the other hand, marginal tax rate is the tax on the incentives or extra earning of money.
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Related Questions
Do you agree or disagree with the following statements ? i) A pair is considered to be cointegrated ii) An asset cannot be integrated iii) Integration and cointegration can be used to determine if two assets are suitable for pairs in trading iv) The cointegration order determines the number of times a time series need to be differenced to obtain stationarity. v) The integration order determines the number of times our time series need to be differenced to obtain stationary
Answers
i) A pair is considered to be cointegrated. Agree
ii) An asset cannot be integrated. Disagree
iii) Integration and cointegration can be used to determine if two assets are suitable for pairs in trading. Agree
iv) The cointegration order determines the number of times a time series need to be differenced to obtain stationarity. Disagree
v) The integration order determines the number of times our time series need to be differenced to obtain stationary. Agree
What is cointegration?Cointegration is simply a useful econometric tool for identifying assets which share a common equilibrium. Cointegrated pairs trading is a trading strategy that attempts to take a profit when cointegrated assets depart from their equilibrium.
Correlation order is the measure of the direction and strength of association that exists between two variables measured on at least an ordinal scale
What is integration?Integration is a useful tool for the collection of assets to form a whole
The order of integration, of a time series is a summary statistic, that reports the minimum number of differences for obtaining a covariance-stationary series.
Thus, the correlation and integration are very important in determining suitable assets for trading.
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Mr. and Mrs. Bucknell had adjusted gross income of $166,000 in 2022. Their daughter's eligible education expenses for her
first year of college were $5,000 in 2022. What is the amount of American Opportunity Credit that Mr. and Mrs. Bucknell may
use in 2022?
Answers
The amount of American Opportunity Credit that Mr. and Mrs. Bucknell may use in 2022 is $1,750.
What is the American Opportunity Credit?Generally, The American Opportunity Credit grants taxpayers a credit equal to the full cost of the first $2,000 that they spend on tuition and fees, and a credit equal to 25% of the cost of the second $2,000 that they spend on tuition and fees.
When the modified adjusted gross income for joint filers reaches $160,000, however, the credit begins to be phased out. When the modified adjusted gross income reaches $180,000, the credit phaseout is finished.
Therefore, the allowable credit for 2018 is reduced by
\(\frac{$750 [$2,500 * ($166,000 -$160,000)}{ $20,000]}.\)
The credit that can be claimed is $1,750.
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Pendleton Company, a merchandising company, is developing its master budget for 2015. The income statement for 2014 is as follows:________.
Pendleton Company
Income Statement
For Year Ending December 31, 2014
Gross sales $2,000,000
Less: Estimated uncollectible accounts (40,000)
Net sales 1,960,000
Cost of goods sold (1,100,000)
Gross profit 860,000
Operating expenses (including $25,000
depreciation) (500,000)
Net income $360,000
The following are management's goals and forecasts for 2015:________.
1. Selling prices will increase by 6 percent, and sales volume will increase by 4 percent.
2. The cost of merchandise will increase by 3 percent.
3. All operating expenses are fixed and are paid in the month incurred. Price increases for operating expenses will be 10 percent. The company uses straight-line depreciation.
4. The estimated uncollectibles are 2 percent of budgeted sales.
Answers
Answer and Explanation:
The Preparation of budgeted functional income statement for 2015 is shown below:-
Pendleton Company
Budgeted functional income statement
For the year ended 2015
Particulars Amount
Sales revenue $2,204,800
($2,000,000 × 106% × 104%)
Less:
Estimated uncollectible accounts at 2% $44,096
Net sales revenue $2,160,704
Less: Cost of goods sold $1,178,320
($1,100,000 × 103% × 104%)
Gross Profit $982,384
Less: Operating expense $575,000
($500,000 + 10%) + $25,000
Net income $407,384
We simply deduct all expenses from the sales revenue so that the net income could come
Which of the statements is not true about a bank run? Bank runs are bad for the bank affected and usually good for the bank's competitors. Fears leading to bank runs can be self-fulfilling. Deposit insurance is designed to reduce the risk of bank runs for depository banks. There was a wave of bank runs during the Great Depression. Since the Great Depression the government has set up regulation that has eliminated most bank runs.
Answers
Answer:
Explanation:
90% of people marry there 7th grade love. since u have read this, u will be told good news tonight. if u don't pass this on nine comments your worst week starts now this isn't fake. apparently if u copy and paste this on ten comments in the next ten minutes you will have the best day of your life tomorrow. you will either get kissed or asked out in the next 53 minutes someone will say i love u
Prompt
What is revising?
Read More>>>
Answers
In an academic sense, revising refers to the process of reviewing and making changes to a written work to improve its content, structure, clarity, and overall effectiveness.
Why is revising important ?Integrating revisions during the writing process is crucial as it enables the authors to polish and enrich their concepts, reasoning, and delivery.
To effectively revise, one must possess a discerning perspective, meticulousness, and a readiness to implement significant alterations. Acquiring diverse viewpoints and understandings can be advantageous by receiving feedback from fellow peers, educators, or writing centers.
A rigorous revision process allows writers to enhance their work, reinforce their reasoning, and create a more polished and impactful academic piece.
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Drop-down options are:
a) equal to 5, more than 5 and below 8
b) more than 5 and below 8, equal to 5
Answers
The equilibrium W is 5 and the equilibrium quantity will be 15.
How to calculate the equilibrium?It should be noted that the equilibrium will be calculated by setting the quantity supplied and demanded together.
From the information, it should be noted that the equilibrium quantity is given as:
Quantity supplied = Quantity demanded
3W = 40 - 5W
Collect the like terms
5W + 3W = 40
8W = 40
Divide
W = 40 / 8
W = 5
The equilibrium W is 5
Market demand and supply will be:
= 3W
= 3 × 5
= 15 units.
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Who manages shoprite
Answers
Answer:
The manager is the person in charge of a business center,(he or she might not be the owner, the owner of the business may appoint someone to be the manager meaning taking care of the situation involving the business etc)
The manager is the person in charge of a ShopRite.Hope this helpsGood luck ✅On June 15, 2021, Allen sold land held for investment to Stan for $65,000 and an installment note of $300,000 payable in five equal annual installments beginning on June 15, 2022, plus interest at 10%. Allen’s basis in the land is $255,500. What amount of gain is recognized in 2021 under the installment method?
Answers
The amount of gain that will be recognized in 2021 under the installment method, is $27, 857 . 14
How to find the gain recognized?First, find the profit margin on the land sold by Allen to Stan:
= ( Selling price of land - Allen's basis in the land) / Allen's basis in the land
= ( ( 300, 000 + 65, 000) - 255, 500) ) / 255, 500
= 109, 500 / 255, 500
= 42. 857 %
The gain to be recognized, using the installment method is:
= Profit margin x Amount paid by Allen in 2021
= 42. 857 % x $ 65, 000
= $27, 857 . 14
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E-Wisdom, a publishing company, implements a new business strategy to keep both talent and information within the organization by creating their own content instead of outsourcing it. In the given scenario, which of the following factors has most likely influenced the company's new business strategy?
a. The potential for role ambiguity
b. The potential for data loss
c. The potential for employee burnout
d. The potential for intragroup conflict
Answers
Answer:
B: poten of data loss
Explanation:
1
Type the correct answer in the box. Spell all words correctly.
What happens to your tax liability with proper financial planning?
You can
your tax liability through proper financial planning.
Answers
Answer: minimize
Explanation:
live is quamp so life quamp
Answers
Answer:
is this a question?
Explanation:
Answer:
yesssssssssssssssss
Explanation:
Match the definition to the term.
1. commute
2. lifestyle
3. lifestyle budget
lists the costs of items you chooseto spend your money on
the way a person chooses to live
commute the distance you travel to
and from work
Answers
The correct matching of the term and its definitions are:
commute - the distance you travel to and from work
lifestyle - the way a person chooses to live
lifestyle budget - lists the costs of items you choose to spend your money on.
What is Lifestyle Budget?A lifestyle budget is a budgeting approach that concentrates on allocating money toward the choices, needs, and prioritizations of an individual or household.
This type of budget incorporates expenditures such as amusement, dining at restaurants, pastimes, holidays, clothing, as well as other optional acquisitions into the total monetary scheme. By creating a lifestyle budget, individuals can feasibly manage their money and attain their financial aspirations while still cherishing their preferred lifestyle.
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Based on the available terms and the definition in the option, the right matching includes lifestyle budget = lists the costs of items you choose to spend your money on.
What is the Definition?The definition is a term that is used to describe the statement of meaning of a term or word, or phrase.
Generally, the term Definitions can be classified into two large categories: intensional definitions which aim to give the sense of a term, and extensional definitions which list the objects that a term defines.
Hence, in this case, we have the following words and their meanings:lifestyle budget = lists the costs of items you choose to spend your money on.lifestyle = the way a person chooses to livecommute = commute the distance you travel toand from workTherefore, in this case, it is concluded that each word or phrase has a specific meaning.
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Analytical queueing models assume a Poisson probability distribution for _____.
rates
arrivals
departures
service times
Answers
Answer:
Arrivals
Explanation:
The poisson probability distribution, treats the probability of an event as being discrete, independent and continous.
For a distribution of mean, μ, occurrence of x is given by:
P(x = x) = (μ^x * e^-μ) / x!
For the queuing theory, the arrival is independent and discrete, with a mean rate of λ rate of arrival. We can determine how many customers are expected to arrive within a specified period of time using the above stated relation.
you have successfully delivered a client project which was very critical for infosys the learnings can help other team in infosys in similar enagegements you want to put together a case studywhat steps should you take
Answers
The steps you should take after successfully delivering a client's project to help other team members in similar engagements in info-systems projects include the following:
Case SelectionEstablishing a theoretical frameworkData CollectionDescription and analysis.What is info-systems engagement documentation steps?Infor-systems engagement documentation enables project members to capture all engagement activities and projects so that the following achievements can be recorded:
Monitoring and evaluation of engagement projects.Providing a consolidated database for recording and reporting external collaborations.Providing project controls with deliverables, timescale, and budget.Thus, to enable learnings, the above case study steps must be taken by project teams.
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In a deed, the person or entity conveying the real property interest is more commonly referred to as the:
Answers
In a deed, the person or entity conveying the real property interest is more commonly referred to as the: Grantor.
Who is the Grantor?The grantor in a property deed is the individual who owns the property that is to be sold. He confers the ownership rights of the property to the grantee.
The property that is transferred is referred to as the Grant.
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Type the correct answer in the box. Spell all words correctly.
How is it possible to understand the flow of data in an organization?
Conducting (blank)
with each team member makes it possible to understand the flow of data in an organization.
Answers
Answer:
A data flow diagram shows the way information flows through a process or system. It includes data inputs and outputs, data stores, and the various subprocesses the data moves through. DFDs are built using standardized symbols and notation to describe various entities and their relationships.
Explanation:
Sandhill uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $386000 ($590000), purchases during the current year at cost (retail) were $1975000 ($3220000), freight-in on these purchases totaled $125000, sales during the current year totaled $2920000, and net markups (markdowns) were $68000 ($104000). What is the ending inventory value at cost
Answers
Answer:
$567,056
Explanation:
Cost :
Merchanidize available for sale
= Beginning inventory + Purchases + Freight in
= $386,000 + $1,975,000 + $125,000
= $2,486,000
Retails:
Merchandize available for sale:
= Beginning inventory + Purchases + Markups
= $590,000 + $3,220,000 + $68,000
= $3,878,000
Ending inventory at retail = Retail total -markdowns - Net sales
= $3,878,000 - $104,000 - $2,920,000
= $854,000
Cost to retail ratio = $2,486,000 ÷ ($2,920,000 + $854,000)
= $2,486,000 ÷ $3,744,000
= 66.40%
Ending inventory at retail = $854,000
And
Cost to retail ratio = 66.40%
Therefore,
Ending inventory at cost = $854,000 × 66.40% = $567,056
Given the following information for Blue Bell Company for last year: Net sales (all on account) $5,200,000 Cost of goods sold 2,080,000 Interest expense 240,000 Income tax expense 280,000 Net income 420,000 Income tax rate 40% Total assets: January 1 $1,800,000 December 31 2,400,000 Shareholders' equity (all common): January 1 1,500,000 December 31 1,600,000 Current assets, December 31 700,000 Quick assets, December 31 400,000 Current liabilities, December 31 300,000 Net accounts receivable: January 1 200,000 December 31 180,000 Inventory: January 1 210,000 December 31 250,000
Refer to table: Blue Bell's current ratio at December 31 was:____.
a. 2.33 times
b. 3.67 times
c. 0.43 times
d. 1.33 times
Answers
Based on the information given Blue Bell's current ratio at December 31 was:
a. 2.33 times.
Using this formula
Current ratio=Total current assets/ Total current liabilities
Where:
Total current assets=$700,000
Total current liabilities=$300,000
Let plug in the formula
Current ratio=$700,000/$300,000
Current ratio=2.33 times
Inconclusion Blue Bell's current ratio at December 31 was:
a. 2.33 times.
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L 5.4.2 Test (CST)!
Question 8 of 20
Which of these is a consequence of speeding?
Answers
Answer:
If you are pulled over by the police you will get a ticket for speeding.
You will go to court and be fined. In many cases, drivers can get jury duty or pay a fine depending on how much the state charges for speeding.
If you are not pulled over and are speeding the consequences can be indefinite. You can crash into another vehicle and cause physical damage to other passengers in the other vehichle not only to yourself. The damage can sometimes be irreparable like comas, paralyzed, or even brain/spinal damage.
Need more? Comment and let me know what you need.
staffing is a less important management function today than in the past true or false
Answers
Answer: statement is false
I assume it’s true to be honest I don’t know if it’s true or false
Social media allow marketers to build or tap into online communities, inviting participation from consumers and creating a long-term marketing asset in the process. Tru eor False
Answers
Answer:
True.
Explanation:
Digital marketing is growing substantially worldwide, as the internet has revolutionized the way people communicate and shop.
Social networks are social interaction platforms where there are several possibilities for business exploration for marketers. Through social networks it is possible to capture new customers, collect important market data and information, build relationships with consumers and build online communities where it is possible to create long-term marketing assets that will generate positive returns for a company.
There are several paths in digital marketing, it is necessary for marketers to choose those most aligned with the company's business and thus outline essential marketing strategies for attracting and retaining customers who interact on social networks and from there develop a marketing asset for generating revenue and profits.
How much is GDP increased if MPC is .8 and new spending is $90,000?
a. 640,000
b. 520,000
c. 450,000
Answers
Answer:
B
Explanation:
250,000
Assume that a manufacturing company incurred the following costs: Direct labor $ 90,000 Advertising $ 40,000 Factory supervision $ 36,000 Sales commissions $ 15,000 Depreciation, office equipment $ 4,000 Indirect materials $ 5,000 Depreciation, factory building $ 20,000 Administrative office salaries $ 1,000 Utilities, factory $ 2,500 Direct materials $ 106,000 Insurance, factory $ 10,000 Property taxes, factory $ 7,000 What is the total amount of manufacturing overhead
Answers
The manufacturing overhead is calculated by taking all the costs that are incurred directly for the manufacturing process of goods.
Costs incurred are as follows:
Direct labor $90,000
Indirect Material $5,000
Depreciation factory building $20,000
Utilities (Factory) $2,500
Direct Materials $106,000
Factory $,7000
Total Manufacturing Overhead = $230,500
Therefore the answer to the question is $230,500
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What Is Money function ?
Answers
Generally, the acceptable function of money through the ages are to serve as:
store of valueunit of accountmedium of exchange.What are Money function or used for?Money solves the problems that the barter system created. Money acts as a medium of exchange, which means it acts as a middleman between the buyer and seller. Instead of exchanging accounting services for shoes, the accountant now exchanges them for money.
This money is then spent on shoes. Money must be widely accepted as a method of payment in markets for goods, labor, and financial capital in order to serve as a medium of exchange.
Its must serve as a store of value. This function of money does not require that money is a perfect store of value. In an economy with inflation, money loses some buying power each year, but it remains money. Third, money serves as a unit of account, which means that it is the ruler by which other values are measured.
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Question 6 of 10
What is the difference between a negligence case and an intentional tort?
A. There is no intent to do harm in a negligence case.
B. No actual harm need be done in a negligence case.
C. The burden of proof is much lower in an intentional tort case.
D. Special damages cannot be awarded in intentional tort cases.
SUBMIT
Answers
In a negligence case, there is no intent to do harm, but rather a failure to exercise reasonable care that results in harm to another person or property. Option B
In contrast, in an intentional tort, the defendant intends to cause harm to the plaintiff, whether through physical harm or damage to property.
Another key difference is that in a negligence case, actual harm must be done to the plaintiff for a claim to be made. This harm can be physical, emotional, or financial in nature. However, in an intentional tort case, the intent to cause harm is enough for a claim to be made, regardless of whether actual harm was done.
The burden of proof is also different in an intentional tort case compared to a negligence case. In an intentional tort case, the burden of proof is higher as the plaintiff must prove that the defendant acted with intent. In a negligence case, the burden of proof is lower as the plaintiff only needs to prove that the defendant failed to exercise reasonable care.
Finally, special damages cannot be awarded in intentional tort cases, unlike in negligence cases where special damages can be awarded for financial losses that result from the harm caused. Instead, intentional tort cases typically result in punitive damages, which are intended to punish the defendant for their actions. Option B
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Answer:
A. There is no intent to do harm in a negligence case
Explanation: took the test
Sam Snead, the owner of Snead's Fine Golf Wear, used $1800 of his personal funds to go on vacation. Which of the following is the most appropriate treatment regarding this transaction? A. Travel expense 1,800 Cash 1,800 B. Withdrawals 1,800 Cash 1,800 C. Record a memorandum in the general journal D. Do not record the transaction in the general journal
Answers
Answer:
D. Do not record the transaction in the general journal
Explanation:
There is no need to record the transaction in the general journal since the money that was actually spend by Sam Snead happens to be his own personal fund rather than the company's fund (That is, the Golf Wear company). Funds belonging to the company are those that deserve to be recorded in the general journal.
Alicia's credit card statement for July read as follows:
Previous balance: $547.98
New charges: $238.31
Payments or credits: 299.00
Finance charge: $8.21
What is the new balance on Alicia's credit card statement for July?
Answers
Answer:
$495.5
Explanation:
The closing balance will the opening balance plus additional charges minus the payments made.
Opening or previous balance = $547.00
New charges: $238.31
Finance charge: $8.21
Total new charges =$238.31 +$8.21= $246.52
Payments = $299.00
New Balance at end of July
=$547.00 + $246.52- $299
=$794.5 -$299.0
=$495.5
Which of the following is NOT a feature in the Formulas menu of the Macabacus Excel add-in? Review Later Summary Statistics Error Wrap Quick CAGR Formula Flow
Answers
The following that is NOT a feature in the Formulas menu of the Macabacus Excel add-in is Formula Flow. This is further explained below.
What is Formula Flow?Generally, The formula for the volumetric flow rate is as follows: Vf = A*v, where A is the cross-sectional area and v is the flow velocity.
In conclusion, Macabacus is an Excel add-in that has many useful features, but Formula Flow is not one of them.
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Write an essay on the industry on which you want to focus. Research and discuss the kinds of
jobs that are available in that industry, the average wage, the economy's effect on the industry,
and so on.
Answers
Answer:
Film industry
The film industry is the cinema business under which several different movies are made throughout the year. In India, particularly more than 10 established movie industries work on different regional areas with the Hindi movie industry in Mumbai leading its way to the top.
The movie industry of India is not only the backbone of economy in their regional areas but also provide a lot of revenue to the Country in form f taxes. They are also a good source of employment for a number of individuals.
The wages in the industry are variant based upon the work done withe actors getting the biggest part and the crew workers getting the lowest. The crew members usually get daily wages for their work.
Candra has compiled her rewritten notes, vocabulary lists, potential test questions and her previous tests. Which main component to a strong study guide is she missing? a. Class notes c. Graphic organizers b. Flashcards d. None of these
Answers
Answer:
the answer is C
Explanation:
i just took the test hope this helps
Graphic organizers is the main component to a strong study guide is she missing. Hence, option C is correct.
What is Graphic organizers?A visual and graphic display known as a graphic organizer shows the connections between vocabulary, concepts, and facts within a learning task. In addition to being known as graphic organizers, knowledge maps, concept maps, story maps, cognitive organizers, advance organizers, and concept diagrams are other names for them.
Students are supposed to use this graphic organizer from The Resourceful Teacher to arrange information by responding to the 5 Ws: who, what, when, where, and why.
In any topic area, graphic organizers are beneficial teaching resources. They serve as a pre-writing aid for essays, assist students in organizing their thoughts and ideas for answering questions, and present information visually.
Thus, option C is correct.
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