A retirement or abandonment of an asset is different from a sale of an asset because a loss should be recognized for the remaining book value.
A durable asset is considered to have been disposed of when it is no longer in use. The carrying amount that was in effect when the asset was retired or abandoned is deducted from its value. The resulting loss is then deducted from the asset's carrying value. The difference between retiring or abandoning an asset and selling it is that no money is transferred.
The remaining book value necessitates the recording of a loss. An asset is considered retired when it is permanently taken out of service. Disposing of an asset due to obsolescence or a sale to a third party are two examples of asset retirement procedures.
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what is the role of Scientific management in the modern era?
The Scientific management in the modern era is management that analyzes and synthesizes workflows.
The role of Scientific management in the modern era is improving economic efficiency, especially in the labor productivity. It is a systematic approach to handle management problems. It implies scientific techniques in method of work, recruitment, selection and training of workers.
Scientific management in the modern era is helped in the enhanced production. The employees perform repetitive tasks and are therefore easily controlled by the management.
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if 100 resumes were obtained from an employment agency and 25 of the applicants submitting those resumes were invited for an onsite interview, the yield ratio for that agency would be
The yield ratio for the agency will be =
no. of candidates who submitted the resume/ no.
of candidates who were invited for interview
= 100/25
= 4:1
Yield ratios are metrics used in recruiting which measure what percentage of applicants moves from one stage to another in the hiring process. It refers to one of the key performance indicators (KPI) in human resources that shows what percentage of candidates from a specific source were invited for an interview.
They are used to measure the success of various recruiting methods and strategies.
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the pervasiveness of unpredictability in job hours and schedules that makes it difficult for workers to control time is known as , which is so common among less-educated workers in the united states.
Unexpected incomes, which are so prevalent among lower-educated employees in the United States, are the all-pervasiveness of unpredictable job hours and schedules that make it challenging for workers to govern time.
Unpredictable hours translate to unpredictability in pay for hourly workers. According to an analysis, three out of every four hourly wage workers between the ages of 26 and 32 say that their hours vary from week to week. In a month, there are typically 10 hours between a worker's shortest and longest workweek.
When determining whether a worker will be subject to just-in-time scheduling, industry is very important. In the leisure and hospitality sector, three out of four employees receive their schedules less than one month in advance, with the majority receiving notice of less than two weeks.
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period 900,000 units completed and transferred out 885,000 ending work in process inventory 90,000 80% 30% production cost information for the assembly department follows. beginning work in process direct materials $ 134,400 conversion 45,900 $ 180,300 costs added this period direct materials $ 3,693,600 conversion 2,690,100 $ 6,383,700 calculate the number of units started and completed this period for the assembly department.
Costs of units started out and completed: you will take the equivalent gadgets calculated for devices began and carried out x the fee per equal unit for materials, labor and overhead (or conversion).
The sum of these 3 will be the value of gadgets accomplished and transferred which is additionally known as value of items manufactured.
What is supposed with the aid of the phrase units started and completed?5. The gadgets commenced and achieved in a duration are calculated as the whole unitscompleted throughout the length minus the gadgets that had been in the starting inventory.
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https://brainly.com/question/24050722#SPJ4when marginal cost exceeds the average variable cost, average variable cost must be increasing. true false
When marginal cost is greater than average variable cost or average total cost, AVC or ATC must be increasing. The given statement is correct
How does variable cost affect marginal cost?Since fixed cost normally do not change as the number of units increases, they have little impact on the marginal cost of production.However, because of the law of declining marginal returns, variable costs frequently rise as capacity is increased.The difference in overall production costs caused by creating or producing one more unit is known as the marginal cost.Divide the variation in production costs by the variation in quantity to determine marginal cost.When marginal cost is greater than average variable cost or average total cost, AVC or ATC must be increasing. The given statement is true.To learn more about variable cost refer,
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you are a group cash manager interested in the north american business market. what are the personalization options available to you in sap fiori? there are 2 correct answers to this question.
The personalization options available in SAP Fiori are to create access to North American accounts as payable groups so that it can report to us and to create an app that will directly take us to the North American business market's cash position.
For the North American accounts payable group that reports to you, you can grant access to pertinent apps. You can develop an app that will take you directly to the North American business market's cash position. The Iaunch-pad colour scheme can be modified in accordance with the cash report's predefined values. You can organise all the apps needed for your daily operations into a tile group for quick access.
With simple screens that work on any device, SAP Fiori is a design system that enables you to create business apps with a consumer-grade user experience. This transforms regular users into SAP experts. You can quickly create and customise your own apps by using the SAP Fiori design guidelines and tools.
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1 points time remaining 1 hour 29 minutes 46 seconds01:29:46 item 1 time remaining 1 hour 29 minutes 46 seconds01:29:46 wfo corporation has gross receipts according to the following schedule: year 1 $ 25.00 million year 2 $ 21.00 million year 3 $ 21.00 million year 4 $ 29.50 million year 5 $ 33.00 million year 6 $ 24.00 million if wfo began business as a cash-method corporation in year 1, in which year would it have first been required to use the accrual method?
If WFO began business as a cash-method corporation in year 1 then in Year 6 would it have first been required to use the accrual method.
Corporations that have $25 million or less in annual average gross receipts for tax purposes can use the cash methods of accounting. Those Corporations that have not been in existence for at least three years can compute average annual gross receipts over the years they have been in existence.
One can calculate the annual average gross receipt as the person who is paying the taxes his gross receipt can be made annually by multiplying the gross receipts of the short tax year by 12 and then it is divided by the multiple of the number of months which is present in the short tax year. Hence, the three years preceding Year 6 have annual average gross receipts of $26.05 ((25.25+26.20+26.70)/3) million.
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true or false: a taxpayer will use the luxury automobile limitations for depreciation in the year the car is purchased, then the regular macrs depreciation percentages will be applied for the remaining recovery periods.
The statement is False. A taxpayer will use the luxury automobile limitations for depreciation in the year the car is purchased, then the regular macros depreciation percentages will be applied for the remaining recovery periods.
Depreciation journal access is the journal access exceeded to record the discount in the price of the fixed assets because of ordinary put on and tear, regular usage or technological changes, and so on., wherein the depreciation account could be debited, and the respective constant asset account could be credited.
Depreciation is the systematic discount of the recorded price of a set asset. Examples of fixed assets that can be depreciated are buildings, fixtures, and workplace systems. The handiest exception is land, which is not depreciated (considering land isn't depleted through the years, excluding herbal resources).
The depreciation rate appears at the earnings assertion, even as amassed depreciation seems at the balance sheet. The balance in the depreciation expense account is a debit, even as the balance within the amassed depreciation account is a credit score.
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alec is considering investing in an older, larger, single-family home, then renovating the home by adding three kitchens and more bathrooms. what type of investment opportunity does this describe?
The type of investment opportunity that this description is called conversion investment opportunity.
What is a conversion investment opportunity?The conversion investment opportunity is described as a form of investment in which an asset purchased is converted into a different form of an asset. It is important to mention that stationary assets like homes can undergo conversion.
In this scenario, Alec initially invested in an old, large single-family home. However, he later on invested more money to renovate the home. The renovation included more bathrooms and more kitchens, and this converted the asset into a more valuable asset.
It can be concluded that the type of investment opportunity that this description is called conversion investment opportunity.
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How do you avoid correcting and putting a customer on their defensive side?
Answer:
Explanation:
Listen carefully to what the customer has to say, and let them finish. Don't get defensive. The customer is not attacking you personally; he or she has a problem and is upset. Repeat back what you are hearing to show that you have listened.
Ask questions in a caring and concerned manner.
The more information you can get from the customer, the better you will understand his or her perspective. I’ve learned it’s easier to ask questions than to jump to conclusions.
Put yourself in their shoes.
As a business owner, your goal is to solve the problem, not argue. The customer needs to feel like you’re on his or her side and that you empathize with the situation.
Apologize without blaming.
When a customer senses that you are sincerely sorry, it usually diffuses the situation. Don't blame another person or department. Just say, "I'm sorry about that.”
Ask the customer, "What would be an acceptable solution to you?"
Whether or not the customer knows what a good solution would be, I’ve found it’s best to propose one or more solutions to alleviate his or her pain. Become a partner with the customer in solving the problem.
Solve the problem or find someone who can solve it— quickly!
Research indicates that customers prefer the person they are speaking with to instantly solve their problem. When complaints are moved up the chain of command, they become more expensive to handle and only add to the customer's frustration.
There is no getting around customer complaints, regardless of your industry. However, by employing these steps and taking the time to review the issue with the customer, you can turn challenges into something constructive.
by providing training on the responsible service of alcoholic beverages to servers and bartenders a business owner can:
By providing training on the responsible service of alcoholic beverages to servers and bartenders a business owner can potentially lower liability insurance rates.
A drink that contains ethanol, a form of alcohol that works as a narcotic and is made by fermenting grains, fruits, or other sources of sugar, is referred to as an alcoholic beverage (also known as an alcoholic drink, adult beverage, or just a drink). Drinking, or the intake of alcoholic beverages, has a significant social function in many cultures.
The manufacturing, sale, and consumption of alcoholic beverages are all governed by regulations in the majority of nations. The marking of the alcohol content percentage (as ABV or proof) and the usage of a warning label may be mandated by regulations. While alcohol is generally permitted around the world, some nations outright prohibit certain behaviours. In 2018, the worldwide alcoholic beverage market reached $1 trillion.
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between 1979 and 1980, the short-run aggregate supply curve shifted: please choose the correct answer from the following choices, and then select the submit answer button. answer choices left, due to the falling price of oil. right, due to the rising price of oil. right, due to the falling price of oil. left, due to the rising price of oil.
Between 1979 and 1980, the short-run aggregate supply curve shifted left, due to the rising price of oil.
The idea of the short run states that, for a specific period in the future, at least one input will be fixed while the others will be variable. It conveys the notion that an economy behaves differently depending on how long it has to respond to certain stimuli. In economics, the phrase "short run" is frequently used.
The relationship between a product's price and the quantity of that product that a seller is willing and able to supply is graphically represented by the supply curve in economics. The graph's horizontal axis represents supply quantity, and the vertical axis represents product price. The supply curve is a diagram that shows how the price of a good or service and the volume supplied during a specific time period are correlated.
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net credit sales for the month are $900,000. the accounts receivable balance is $192,000. the allowance is calculated as 5% of the receivables balance using the percentage-of-receivables basis. if the allowance for doubtful accounts has a credit balance of $6,000 before adjustment, what is the ending balance of allowance for doubtful accounts?
According to the given information, the ending balance of allowance for doubtful accounts is $9,600
Given,
Beginning allowance for doubtful accounts = $6,000
Net credit sales for the month = $900,000
The accounts receivable balance = $192,000.
The receivables balance using the percentage-of-receivables basis = 5%
Bad Debts = ($192,000 x 5%) - $6,000 = $3,600
Balance after adjustment = Beginning allowance for doubtful accounts +
Bad Debts
= $6,000 + $3,600
= $9,600
The balance sheet's total receivables are netted against an allowance for doubtful accounts to show only the amounts anticipated to be paid. Estimated by the provision for doubtful accounts is the proportion of receivables that are anticipated to be uncollectible. However, the estimate may be significantly off from how customers really pay.The allowance is created during the same fiscal year as the initial sale, with a credit for bad debt expense.Learn more about Doubtful accounts, here
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healthcare organizations often promote from within. although this is a good practice because it recognizes individuals who are good performers, individuals sometimes may be promoted to managerial positions for which they are not prepared. group of answer choices true
Although this is a beneficial practice since it honors employees who are strong performers, individuals may be promoted to managerial roles for which they are not prepared.
Employee motivation is an inner and internal urge to exert the required effort and activity in work-related activities. It has been widely defined as the "psychological influences that govern the direction of a person's conduct in an organization, as well as a person's amount of effort and perseverance." Also, "Motivation can be defined as the readiness to devote energy in order to attain a goal or receive a reward. Workplace motivation is described as "the sum of the mechanisms that drive the arousal, direction, and maintenance of behaviors relevant to work contexts."" Motivated employees are critical to an organization's success since they are more productive in the workplace.
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a system of performance measures, including nonfinancial measures, used to assess company and division manager performance is: multiple choice hurdle rate. return on investment. balanced scorecard. residual income. investment turnover.
A system of performance measures, including nonfinancial measures, used to assess company and division manager performance is called a balanced scorecard.
The balanced scorecard is a performance management report used by managers to keep track of the performance of employees. It presents the activities executed by the employees and the consequences it is having for the company.
Balanced scorecards are focused on a particular project or agenda of the company. It measures the performance of the employees concerning the objectives set. A balanced scorecard consists of the financial, internal process, customer, learning, and growth process.
It also keeps track of the measures and objectives set for performance improvement.
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a(n) is defined as a large work segment comprised of several tasks that are performed by individuals.
Duty is defined as a large work segment comprised of several tasks that are performed by individuals.
What is a work segment?A work segment is a section of work that is assigned to an individual or group. It is often used in project management to break down a project into smaller, more manageable parts. Work segments can also be used to measure productivity or progress. Work segments can also be used to measure productivity or progress. For example, a project manager may track how much work is completed in a day, week, or month. This information can be used to identify areas of improvement or to adjust the project timeline.
Duty is described as the responsibility of an individual worker or an employee to complete work targets daily. It is important to mention that the duty can be a collection of smaller tasks that together can take the shape of a big task.
It can be concluded that duty is defined as a large work segment comprised of several tasks that are performed by individuals.
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tom winthrop estimated that the units in ending work in process inventory in the final processing department were 30% complete with respect to the conversion costs of the final processing department. if this estimate of the percentage completion is used, what would be the cost of goods sold for the year? (10 points)
If this estimate of the percentage completion is used, the cost of goods sold for the year WOULD BE = $ 488000 and $ 156000
Income from Operations =
Sales Revenue - Variable Expenses - Fixed Expenses
For 12000 Units = (12000 x $ 201) - (12000 X $118) - $ 840000
= $ 2412000 - $1416000 - $ 840000
= $ 156000
For 16000 Units = (16000 x $ 201) - (16000 X $118) - $ 840000
= $ 3216000 - $1888000 - $ 840000
= $ 488000
What do you mean by process inventory?
Process Inventory is a term mainly referred to the tools, materials and equipment involved into a process. It means a complete set of tangible resources which are to be possessed by an organization for successful accomplishment a business process.
It is necessary for an organization to
keep accurate trackingControl acquiringdeliverystocking up ongoing allocation of resources.Therefore, If this estimate of the percentage completion is used, the cost of goods sold for the year WOULD BE = $ 488000 and $ 156000
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you open a savings account with a 0.5% per year nominal interest rate, and the economy experiences 3% per year inflation. a. what is the nominal and real annual interest rate on the account?
If you open a savings account with a 0.5% per year nominal interest rate, and the economy experiences 3% per year inflation, the nominal annual rate will be 0.5% the real annual rate will be equal to a -2.5 (negative) percent.
You must distinguish between real and nominal rates in this situation. The simplest way to think about it is that the real rate is equal to the nominal rate less inflation, which is how we accomplish this using something known as the fisher identity.
Real Rate = Nominal Rate - Inflation
Your real return is zero because your purchasing power hasn't changed at all, the real rate. We are informed that the nominal rate is 0.5 percent. In other words, the real rate is 0.5 minus 3 percent. Since your real interest rate is negative and inflation is equivalent to minus 2.5%, your money is either losing purchasing power now or it will soon because there is no stopping it.
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four quantitative threshold tests (revenue, profit or loss, cashflow and asset) are used to identify reportable segments. True or False
The statement that there are four quantitative threshold tests such as revenue, profit or loss, cashflow, and assets, used to identify reportable segments is True.
How can reportable segments be identified?To determine the success of a business, there are different thresholds tests that can be used. There are currently four of such threasholds and the first is revenue. A company can check if it hit its revenue targets for instance.
There is also profit or loss which is a very common test. Cashflow shows how much is coming in and leaving a company and is therefore a measure of success. Assets also allow for reportable segments to be identified by showing how much a company has.
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a reduction of the value of a nation's currency relative to the currencies of other countries is called a currency devaluation. group of answer choices true or false
True A currency devaluation is a decrease in a nation's currency's value in comparison to that of other nations' currencies.
What is an example of a currency devaluation?When a nation's government deliberately lowers the value of its currency, this is known as devaluation. Instead of allowing market forces to determine its value, a nation must bind its domestic currency to another currency before taking this action. For instance, Panama binds the balboa, the country's currency, to the US dollar.
How does currency devaluation affect things?The deliberate downward adjustment in the official exchange rate known as devaluation lowers the value of the currency; A revaluation, on the other hand, is an increase in the value of the currency. The domestic currency's lower value in comparison to other currencies is a key effect of devaluation.
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ivy cosmetics company consists of two departments, blending and filling. the filling department received 66,200 ounces from the blending department. during the period, the filling department completed 74,000 ounces, including 12,400 ounces of work in process at the beginning of the period. the ending work in process inventory was 4,600 ounces. how many ounces were started and completed by the filling department during the period? fill in the blank 1 ounces
The number of ounces started and completed by Filling Department during the period is 53,800 ounces.
The number of ounces started and completed during the period can be computed by simply deducting the Beginning work in process from the Number of ounces completed.
Since we have the following from the question:
Number of ounces completed by Filling = 66,200 ounces
Beginning Work in process = 12,400 ounces
Therefore, we have:
Number of ounces started and completed = Number of ounces completed by Filling - Beginning work in process = 66,200 ounces - 12,400 ounces = 53,800 ounces
Therefore, the number of ounces started and completed during the period is 53,800 ounces.
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in the capm world, the following two stocks a and b are given: security expected rate of return beta a 0.12 1.3 b 0.14 1.8 if the expected market rate of return is 0.09 and the risk-free rate is 0.05, what is security a's alpha? round your answer to three decimal places.
Stock A is a better investment because its expected return is 2.2% higher than the CAPM's prediction.
The risk-free rate divided by beta times the market risk premium is the expected rate of return. It is given by given by the capital resource evaluating model. The expected market return less the risk-free rate is the market risk premium.
What do you mean when you say, "expect return"?
The amount of profit or loss an investor can anticipate from an investment is referred to as the expected return. After totaling these results, the probability of a given outcome being realized is multiplied by the potential return.
How is expected return calculated?
Since the investment market is extremely volatile, expected return is just one of many possible returns. It is equal to (Return A x probability A) + (Return B x probability B). Due to the fact that it takes into account the investment's previous performance, you can determine the expected return as a weighted average outcome.
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a(n) blank board holds reserves of foreign currency equal to the fixed exchange, and commits itself to converting its domestic currency on demand to another currency at a fixed exchange rate. multiple choice question. exchange
A currency board holds reserves of foreign currency equal to the fixed exchange, and commits itself to converting its domestic currency on demand to another currency at a fixed exchange rate.
Currency is a medium of exchange for goods and services. It is used to buy and sell items in the marketplace. Foreign currency is currency that is not issued by the government of the country in which it is used. Domestic currency is currency that is issued by the government of the country in which it is used.
Foreign currency can be traded on international currency markets. Domestic currency can be used to buy goods and services within the country.
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which of the following situations could be considered examples of price gouging? a. a deadly tornado strikes oklahoma city, destroying the homes of 50% of its population. immediately afterward the price of sleeping bags increases by 150%. b. the exchange rate between u.s. dollars and the papua new guinea kina increases sharply as the summer olympics in paris, france, approach. c. a new model of sunglasses become the hottest overnight fashion trend after several movie stars wear them to the academy awards. as a result, producers increase their price by 300%. d. at what level would you expect prices to settle during a period of price gouging? the price would settle the pre-gouging market price.
A deadly tornado strikes Oklahoma city, destroying the homes of 50% of its population. Immediately afterward the price of sleeping bags increases by 150%. Above the pre-gouging market price, price gouging is in response to crisis or disaster.
Tornado is a rotating column of air extending from the base of a thunderstorm down to the ground. Tornadoes are capable of completely destroying structures, uprooting trees, and hurling objects through the air like deadly missiles.
What is the fact about tornadoes?
Quick Tornado Fact
The strongest tornadoes are having rotating winds of more than 250 mph.
What can stop a tornado?
It is not possible to stop a tornado. Tornadoes are nature's most powerful force. They contain 6 times the energy density of a hurricane.
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the fresno company manufactures slippers and sells them at $13 a pair. variable manufacturing cost is $6.50 a pair, and allocated fixed manufacturing cost is $2.00 a pair. it has enough idle capacity available to accept a one-time-only special order of 5,000 pairs of slippers at $8.50 a pair. fresno will not incur any marketing costs as a result of the special order. what would the effect on operating income be if the special order could be accepted without affecting normal sales: (a) $0, (b) $10,000 increase, (c) $32,500 increase, or (d) $42,500 increase? show your calculations.
The provision of relevant information to managers during decision-making is part of relevant costing.In the decision-making process, relevant information refers to future information that is provided promptly and distinguishes between various options.
The company must comprehend additional cost concepts like opportunity costs and sunk costs in order to identify relevant costs.Costs that have already been incurred and will not change in the future are referred to as "sunk costs.
"Sunk costs are costs that don't matter and shouldn't be considered when making a decision.The cost of direct materials used in the production of a product that cannot be sold because of damage is an example of sunk cost.The benefits sacrificed when choosing one option over another are known as opportunity costs.
Operating income increased by (7.50 - 7) x 35,000 is equal to $17,500.
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What was the name of the series of letters written to convince the states that ratifying the constitution was the right decision?.
The Federalists Papers were written and published to urge New Yorkers to ratify the proposed United States Constitution.
The Federalist, often known as the Federalist Papers, is a collection of 85 essays published between October 1787 and May 1788 by James Madison, John Jay, and Alexander Hamilton. The pieces were printed under the alias "Publius" in a number of publications in the state of New York at the time.
The Federalist Papers are still widely regarded as the most reliable source for identifying the original intent of the US Constitution's authors and are one of the most important American contributions to political philosophy and theory.
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byron owned stock in blossom corporation that he donated to a museum (a qualified charitable organization) on june 8, 2018. what is the amount of byron's deduction assuming that he had purchased the stock for $10,500 last year on august 7, 2017 and the stock had a fair market value of $13,800 when he made the donation?
b. $10,000 in long-term securities The fair market value of the securities on the date of the gift is generally the amount that an individual can claim as a charitable gift for federal income tax.
Purposes if they donate securities held for a long time to a "public" charity, such as a church, educational institution, health care organization, or other cause. See section 170(b)(1)(A) of the Internal Revenue Code.
At least one year and one day is considered "long-term. "See section 1222(3) of the IRC. The holding period for appreciated property gifts at full market value that qualify as long-term property remains twelve months and one day.
Short-term securities: In contrast, the donor's cost basis in the securities, if it is less than the securities' fair market value, is the amount that can be claimed as a charitable gift in the case of donated securities held for a short period of time. See IRC area 170(e)(1)(A).
Securities whose value has decreased in a mannerDonating shares that have lost value since being purchased is generally not advised because, for federal income tax purposes, a gift of such an investment does not result in the realization of the potential capital loss. Instead, the donor ought to give the proceeds from the sale of the shares after realizing the loss by selling the shares.
As a result, securities are held for a brief period of time because the holding period from August 7 (last year) to June 8 (this year) is less than 12 months. The investment's cost of $10,000 is less than its fair market value, which is $13,800.Therefore, a deduction of $10,000 will be made.
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true or false: the appropriate investment plan depends only on the total amount of money he intends to save, not on the investment objective. true false continue without saving
False; the investment strategy that is best for him depends only on how much money he intends to save overall, not on his investment goals. false Continue without saving if true.
An asset or object purchased with the intention of generating income or appreciation is referred to as an investment. The term "appreciation" investment describes a rise in an asset's worth over time. When a person buys a product as an investment, they don't intend to utilize it money right away; instead, they plan to use it to make money later on.
An investment is usually the use of a resource today—time, effort, investment money, or an asset—in the anticipation of receiving a larger return than what was first invested. A financial asset, for instance, might money be bought by an investor now with the hope that it would provide income later on or be sold for more money.
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cindy, lana, and david all work for different companies. cindy has noticed that her manufacturing overhead has a debit balance, while lana has noticed the opposite, as her balance has a credit. david is focused on his work in process inventory account, which has a debit balance. what is implied here?
Lana's overhead is overapplied, whereas Cindy's is underapplied.
What is overhead referred to as when manufacturing overhead has a debit balance?If manufacturing overhead has a negative balance, the overhead is not used enough to cover the cost of goods sold. This is the adjusting entry: The overhead is overused and the cost of goods sold is overstated when manufacturing overhead has a credit balance.
What is overhead referred to as when manufacturing overhead has a debit balance?If manufacturing overhead has a negative balance, the overhead is not used enough to cover the cost of goods sold.This is the adjusting entry:The overhead is overused and the cost of goods sold is overstated when manufacturing overhead has a credit balance.
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You have just been elected to public office and you have been informed that the government does not have money to pay all of its bills.
You have been told that if you were to cut the marginal tax rate, tax revenue would actually increase. Is this true and if so, what would
be the reason for this?
Choose one:
A. This is only true if the marginal tax rate is too high.
B. This is only true if the marginal tax rate is already very low.
OC. This isn't true. If the marginal tax rate is reduced, it always generates less total tax revenue.
D. It is always the case that reducing the marginal tax rate causes people to work more and increase the total
amount of tax revenue collected.
not a.
not b.
not c.
it's d.
explanation:Lower tax rates enable firms to invest more – this leads to higher growth and therefore, higher tax revenues
