Why might one person work more, earn more, and pay more income tax when his or her tax rate is cut, while another person will work less, earn less, and pay less income tax under the same circumstance?

Answers

Answer 1
Answer: Since the government have to considered how the poor have to sustain their ability to lives.

If the people with high annual earning have to pay 5 % more, they probably should wait for 2 another months to buy a new car.

If the people with low annual earning have to pay 5 % more, they probably have to face food shortage to feed their children the next day

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A monopoly exists when _____ provides a good or service.
The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm permitted to sell the drug.
It there any real reason to why a woman with the exact same qredentials as a man in a workplace get payed less than the man?
A grant for the exclusive right to make, use, or sell new or improved inventions
If your gross profit is greater than your total operating expenses, your income statement will show net ______.

The Smiths' purchased a residence for $75,000. They made a down payment of $15,000 and agreed to assume the seller's existing mortgage, which had a current balance of $23,000. The Smiths' financed the remaining $37,000 of the purchase price by executing a second mortgage whereby the seller became a mortgagee. This type of loan is called a _______.

Answers

Answer:

Purchase money mortgage.

Explanation:

A purchase money mortgage is the loan that is given to the individual buying the property.

This loan is issued by the seller of the property as a part of the transaction made when selling the property. The interest rate that comes with this type of loan is high.

The buyers benefit from the purchase money mortgage due to the flexible requirements that is needed in collecting the loan while the sellers benefits from the high interest rates that is added to the loan.

if the price elasticity of demand for food is less then 1 (inelastic), an increase in supply due to an improvement in technology will result in a ______ price and _______ in total revenue.

Answers

Answer:

... an increase in supply due to an improvement in technology will result in a lower price and decrease in total revenue.

Explanation:

Price Elasticity of Demand = % change in quantity demanded / % change in price

When elasticity < 1, % change in price will be larger than % change in quantity demanded.

Increase in supply means increase in quantity to be sold. There will be a larger decrease in price (Normally when price rises quantity demanded falls and vice versa)

Revenue = Price x Quantity => when price decreases more than quantity increases, revenue will fall

The most liquid asset is: Sales. Cash. Accounts payable. Owners' equity

Answers

Cash is the most liquid of all assets. It is used to meet current financial obligations. Cash is also used to sustain operations. It can easily and quickly turn from cash to other assets. It is essential to maintain a certain level of cash for paying off debts, expenses, purchase of assets or for the use in operations.

A company's ________ tells you how much money the company has left over after subtracting all expenses.

Answers

A company's net profit tells you how much money the company has left over after subtracting all expenses.

The revenue would not be an answer because the revenue would be how much earned. 

Answer: A) Net profit

Explanation:

burke's corner currently sells blue jeans and t-shirts. management is considering adding fleece tops to its inventory to provide a cooler weather option. the tops would sell for $49 each with expected sales of 4,500 tops annually. by adding the fleece tops, management feels the firm will sell an additional 305 pairs of jeans at $61 a pair and 440 fewer t-shirts at $22 each. the variable cost per unit is $32 on the jeans, $12 on the t-shirts, and $27 on the fleece tops. with the new item, the depreciation expense is $29,000 a year and the fixed costs are $78,000 annually. the tax rate is 40 percent. what is the project's operating cash flow? multiple choice $32,147 $16,253 $26,867 $21,533 $21,778

Answers

The value generated by the sale of fleece tops

Sales (3600*49) = 176400

Less Variable Cost (3600 x 21) equals 129600

100800 is the total value of fleece tops.

The value generated by Additional Jean Sales

Sales (220*59) = 12980

Less Variable Cost = 7920 (220*36)

Value Lost from Lower T-Shirt Sales (-350*18) = -6300 Total Value from Fleece Tops = 5060

-3150 less variable cost (-350*9)

Value from fleece tops as a whole: -3150

Operating Cash Flow for Projects = (100800 + 5060 - 3150) - 62000*(1-.34) + 27000*.34

Operating Cash Flow for Projects = 36048.60 or 36049

Operating Cash Flow = 36048.60 or 36049 (when rounding off to 0 decimal places)

a) From the total value of sales of fleece tops, jeans, and t-shirts, fixed costs will be subtracted.

b) Depreciation will be re-added to the free cash flow calculation after the tax adjustment has been made.

Operating cash flow is a measure of the amount of money made by a company's regular business operations (OCF). Operating cash flow indicates whether a company can generate enough positive cash flow to support and expand its operations; if not, it may require outside financing for capital growth.

Operating cash flow can be displayed on a cash flow statement both directly and indirectly.

The indirect method begins with the net income on the income statement and then subtracts non-cash items to arrive at the cash base amount. The direct method tracks all transactions in a period on a cash basis and reports actual cash inflows and outflows on the cash flow statement.

To learn more about Operating cash flow, please refer:

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When should you write a functional (skills) résumé?

Answers

The answer would be : when you are making a career change

Functional skill consist of basic qualifications that support the development of practical skills , such as Math, English, and ICT. The employers may use it to determine whether you're able to develop the practical skills needed for the job or not, since they have to basically re-train you because you just move from a different career path

A functional (skills) résumé should be written when an individual wants to highlight their skills and qualifications rather than focusing on their work experience or employment history.

A functional résumé is organized based on specific skills and abilities rather than a chronological order of work history. This type of résumé is useful in several situations.

Firstly, if a person is changing careers or transitioning into a new industry, a functional résumé allows them to showcase transferable skills and relevant qualifications that may not be highlighted in a traditional chronological résumé. It helps to draw attention to the skills that are most relevant to the desired position.

Secondly, individuals who have gaps in their employment history or have had frequent job changes may opt for a functional résumé to downplay the chronological aspect and focus on their abilities. This can be beneficial when seeking employment after a long period of unemployment or when explaining career shifts.

Lastly, recent graduates or entry-level candidates with limited work experience can use a functional résumé to emphasize their education, internships, volunteer work, and other relevant skills.

In summary, a functional résumé is appropriate when highlighting skills and qualifications is more important than a detailed employment history, such as during career transitions, employment gaps, or for entry-level candidates.

To learn more about functional résumé, here

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