Answer:
50%
Explanation: i worked out the problem and got that answer
demand for cigarettes tends to be price inelastic. if the government increased the cigarette tax, what would likely happen?
Demand for cigarettes tends to be price inelastic. if the government increased the cigarette tax, Demand would be slightly lower but tax income would rise.
Cigarette use would decline as a result of an additional tax being added to the price, and tax receipts would rise. Additionally, smoking-related ailments would be less common as a result.
The additional tax money from the tax hike might be utilised to improve public services and make up for the existing financial shortfall of Taiwan's National Health Insurance programme. Taxes may be more onerous for consumers or producers, depending on the situation.
Because they are an addictive substance, cigarettes, for instance, have an inelastic demand, and taxes are primarily passed on to consumers as higher prices.
Tax incidence refers to the examination or manner of how the cost of a tax is distributed between consumers and producers.
To know more about Demand for cigarettes visit:
https://brainly.com/question/25557136
#SPJ4
the value that the use of 3d printing brings to a bicycle firm in the marketplace simulation includes all of the following except:
Answer: Eliminates most of the normal inventory that would need to be held in the bike stores, at the factory, and in various distribution centers spread around the world.
Explanation: A bike can be custom-built to the size, shape, and performance requirements of each customer.
The bike shops would be physically larger to accommodate for the 3-D printer to allow bikes to be made while the customer waits in-store.
The bike shops can be physically smaller as few bikes would need to be on display.
a manufacturing process requires 12 minutes of labor to make 10 units of product. which of the following actions will increase productivity? 1. increase labor per 10 units of production 2. decrease labor per 10 units of production 3. increase number of units per 10 minutes of labor 4. decrease number of units per 12 minutes of labor
Decrease labor per 10 units of production and decrease the number of units per 12 minutes of labor will increase productivity
Labor productivity is a measure of a country's hourly output. It tracks the amount of real GDP (gross domestic product) produced by an hour of labor. Labor productivity growth is determined by three major factors: saving and investment in physical capital, new technology, and human capital.
Labor productivity is calculated as output per labor hour. Labor productivity is largely driven by capital investment, technological advancement, and human capital development.
Businesses and governments can boost worker productivity by directly investing in or creating incentives for improvements in technology and human or physical capital.
For more information on labor productivity, visit :
https://brainly.com/question/29023798
#SPJ4
kassie is a merchant who sells electronic equipment. adam is an electronics enthusiast who sells and buys parts for various electronic projects he is undertaking. according to article 2 of the uniform commercial code (ucc), which party has a higher standard of behavior?
According to article 2 of the uniform commercial code (ucc), Kassie's party has a higher standard of behavior.
What is Uniform Commercial Code?The Uniform Commercial Code (UCC) is a code of proposed commercial statutes adopted by all states as state law.
According to Article 2 of the Uniform Commercial Code, any written document signed by a merchant in which he promises to buy or sell goods is a firm offer that cannot be revoked.
Essentially, in order for an offer to be considered a firm offer, it needs to be in writing, it needs to be signed by the party, and most importantly, it needs to state a promise to perform a transaction.
To Learn more about Uniform Commercial Code:
https://brainly.com/question/14783503
#SPJ4
why do some consumers feel upset about the fact that businesses are collecting their personal information?
When personal data is exploited or insufficiently protected, it can lead to identity theft, financial fraud, and other issues .
What are the issues that arise from personal data collection? Exorbitant cost of data compliance. Who is in charge of ensuring that data protection laws are followedData breach riskWide personal data definition It is impossible to totally remove the risk of a data breach.The ability to gain a deeper understanding of how their customers act online, define their general demographics, and pinpoint opportunities to enhance the customer experience is perhaps the main reason why so many businesses gather consumer data.To learn more about Data breach refer,
https://brainly.com/question/27887082
#SPJ4
a firm offers a packed lunch box group discount for orders exceeding 15. two firms are taking advantage of this offer. sales to company a averages $15, 000 of annual sales, has a 22% profit margin and an expected lifetime of 8 years. company b averages $11, 000 of annual sales, has a 25% profit margin and an expected lifetime of 90 years. which is the more important customer based on the higher expected lifetime value? assume a 7% discount rate.
The most valuable customer is A because it's NPV value is $ 17916.89
What do you mean by NPV?
Net present value can be defined as the difference between the present value of cash inflows and the present value of cash outflows over a period of time. An NPV is considered as “good” if it is greater than zero.
In this case NPV of company A is
Profit per year = 22% x $ 15,000
=$ 3,300
Lifetime. = 8 years
NPV. = 3300/1.07 + 33/ (1.07 x 1.07)....
….. + 3300 / (1.07)8
= $19705. 28
NPV of company B. =
Profit per year = 25% of 11,000
= $ 2750
Lifetime. = 9 years
NPV. = 2750 / 1.07 +....... + 2750 /(1.07)9
= $ 17916.89
By analysing both cases we can find out that company A has more value because of its higher NPV.
To know more about NPV from the given link
https://brainly.com/question/7254007
#SPJ4
grizzly company had retained earnings at december 31, 2022 of $300,000. during 2023, the company had revenues of $600,000 and expenses of $525,000, and the company declared and paid dividends of $16,500. retained earnings on the balance sheet as of december 31, 2023 will be:
Retained earnings on the balance sheet as of december 31, 2023 will be 358,500.
Retained earnings are a company's current profits minus any dividends or other distributions made to shareholders. Every time an accounting entry is made that has an effect on a revenue or expense account, this sum is modified. A substantial retained earnings balance indicates a stable financial situation for the company.
In order to use its retained earnings to finance more business expansion in areas like working capital, capital expenditures, acquisitions, research & development, and marketing, a rising company typically avoids paying dividends.
Beginning retained earnings, net income, and ending retained earnings are added to determine ending retained earnings, which is then subtracted from dividends paid.
= 300,0000 + (600,000-525,000) - 16,500
= 300,000 + 75,000 - 16,500
= 358,500
To know more about Retained earnings visit:
https://brainly.com/question/14156696
#SPJ4
if the federal government has a budget deficit it can finance its spending by part 2 a. selling treasury bonds. b. selling corporate bonds. c. selling municipal bonds. d. all the above.
If the federal government has a budget deficit, it can sell treasury bonds to fund its spending.
Describe treasury bonds.The federal government of the United States of America issues Treasury bonds (T-bonds), which are debt instruments with maturities greater than 20 years. Prior to maturing and paying the owner in full, T-bonds accrue interest at regular intervals.
Treasury bonds are a subset of the larger category of treasury bills issued by the United States government. Because Treasuries are backed by the government's ability to tax its citizens, they are frequently perceived as being almost risk-free investments.
A Treasury bond is one of four financial instruments that the US Department of Treasury issues to finance the nation's expenditures. Four types of debt exist Treasury bills, Treasury notes, Treasury bonds, and Treasury Inflation-Protected Securities.
Learn more about treasury bonds with the help of the given link:
brainly.com/question/3243055
#SPJ4
which of the following actions of a sales leader is the primary reason it is important to develop personal sales mastery?
One of the most critical sales priorities is adaptation. As new technology becomes available, there is a shift in the way customers are making decisions.
Being a hit in sales and studying a way to turn out to be higher at income boils down to three matters: empathy, a proper desire to help, and endurance.
Income control is the act of overseeing and leading income representatives to create strong relationships with prospects and close extra offers. Income managers do this by means of enforcing income control strategies, strategies, and targets to help their team hit or exceed their goals and dreams.
Learn more about technology here: https://brainly.com/question/25110079
#SPJ4
a sales invoice included the following information: merchandise price, $9,400; terms 1/10, n/eom; fob shipping point with prepaid freight of $405 added to the invoice. assuming that a credit for merchandise returned of $1,900 is granted prior to payment and that the invoice is paid within the discount period, what is the amount of cash that should be received by the seller?
The amount of cash that the seller ought to receive is $10404.
How is a discount payment calculated?Discounting a Single Payment The following formula is used to discount a single payment: PV = Payment / (1 + Discount) Periods As an illustration, a return of $30,000 in the first year can be discounted by 3% of inflation. Divide by 100 to get the inflation rate in decimal form, which is 0.03.
Companies frequently provide their clients with payment terms that include a discount if the invoice is paid within a predetermined number of days. For instance, payment terms of 2/10, n/30 permit you to reduce the payment by 2 percent if the invoice is paid within 10 days of the invoice date; Otherwise, you won't be eligible for any discounts if you don't pay the invoice in full within 30 days.
The initial invoice reflected a payment of $9,400.
The net balance is $12,000 less the $1,900 credit for the returned merchandise, or $10,100.
The amount of the payment shown on the invoice is $9999 if the invoice is paid during the discount period.
The final payment will be $10404 if you add the $405 in prepaid freight to the $9999.
Prepaid freight does not qualify for a discount because the freight vendor charges the actual cost.
Learn more about Discounting here:
https://brainly.com/question/7459025
#SPJ4
a data analyst wants to create a shareable report of their analysis with documentation of their process and notes explaining their code to stakeholders. what tool can they use to generate this?
For creating dynamic documents using R, there is a file format called Markdown. To save, arrange, and document code, utilise R Markdown documents.
Dynamic documents are those that include both text and a programming language's output in a format that updates the output whenever the code is run. Because the code and the results are well-documented, using dynamic documents significantly increases research transparency. The last ten years have seen terrible digital documents. In their static form, there is always a chance that version control will be lost, or even worse, the document will be saved somewhere and forgotten.
For formatting text using a plain-text editor, Markdown is a simple markup language. As a markup language that is appealing to human readers in its source code form, Markdown was developed by John Gruber and Aaron Swartz in 2004. Markdown is frequently used in documentation pages, readme files, online forums, instant messaging, blogging, and instant messaging.
learn more about Markdown here
https://brainly.com/question/18761936
#SPJ4
Suppose that an economy with flexible wages and prices is in long-run equilibrium when the central bank contracts the money supply. What is the long-run effect on real output in the economy?.
Long run on effect Real output is unchanged.
An economy is a region where goods and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that places an emphasis on the behaviors, discourses, and material manifestations connected to the creation, utilization, and management of finite resources.Traditional economies, command economies, mixed economies, and market economies are the four main types of economic systems.
In the long run, real GDP returns to the level of output associated with full employment, and the unemployment rate is equal to the natural rate.
The following factors can result in an increase in LRAS or prospective growth: larger capital. for instance, investing in brand-new factories or constructing telecommunications and road infrastructure. increased birth rate and working population growth, such as through immigration.
Learn more about to Money Supply visit here
‘
https://brainly.com/question/1456933
#SPJ4
jax recording studio purchased $6,000 in electronic components from music world. jax signed a 60-day, 12% promissory note for $6,000. music world's journal entry to record the sales transaction is:
The Journal entry will be Credit Interest Revenue for $118.35. Credit Notes Receivable for $6,000 , Debit to Cash for $6,118.35.
How to calculate Interest ?Interest is the payment of a sum over and above the principal amount owed by a lender or depositor to a borrower or deposit-taking financial institution at a set rate. It is not the same as a fee that the borrower might pay to the lender or another party.
In contrast to profit, which is received by the owner of an asset, investment, or business, interest is paid to the lender.
The amount of interest paid or received over a specific period divided by the principal borrowed or lent determines the rate of interest.
Purchased amount of electronic components = $6,000
Interest rate = 12 %
Number of days = 60 days
The interest amount = P x R x T.
Where, P = Principal amount
R = Interest rate
T = Number of time periods
Interest = 6000 * 0.12 * 60/365
Interest = $118.35
Debit to Cash = $6,118.35 ( 6000 + 118.35)
To learn more about Interest refer :
https://brainly.com/question/25793394
#SPJ4
howard owns a rental property in another state. he must travel to maintain and manage the rental property. to be able to deduct his travel expenses he must:
To be able to deduct his travel expenses he must divide the costs between activities that require rentals and those that don't.
Landlords can deduct a sizable amount from their taxes for mileage and travel. You will have to spend time and money getting to and from your property if you don't live next door, whether it's to pick up supplies, oversee viewings, or do property inspections. These travel costs can be written off from taxable income at the end of the tax year rather than having to pay them up front.
By doing this, you'll be able to maximize revenues while lowering your taxable income. Knowing what travel expenses are tax deductible and how to compute your mileage tax deduction is essential for maintaining your tax compliance.
To know more about tax click here:
https://brainly.com/question/16423331
#SPJ4
a company's balance sheet shows cash of $29,000, accounts receivable of $35,000, equipment of $60,000, and equity of $77,000. what is the amount of liabilities?
The amount of liabilities is $47,000 in the company's balance sheet.
What is a liability?A liability is described in financial accounting as the forfeitures of future economic benefits that an entity must make to other entities as a result of prior transactions or other prior events, the resolution of which may result in the transfer or use of assets, provision of services, or other future yielding of economic benefits. They typically consist of payables like wages, accounts, taxes, and accounts payable, unearned income from adjusting entries, portions of long-term bonds that must be repaid this year, and short-term obligations. Current liabilities are debts with a reasonable expectation that they will need to be paid off within the next year or operating cycle, whichever comes first, by using current assets, creating additional current liabilities, or providing services.
To learn more about liabilities, visit:
https://brainly.com/question/18484315
#SPJ4
chris and winsome are married and filed their taxes as married filing jointly. while filing their taxes, they determined that their total itemized deduction is $20,000. chris and winsome should
Chris and Winsome should use standard deductions higher than single deductions. Option B is the correct answer here.
A standard deduction is a specific amount that reduces the amount of your taxable income. Your deductible is the sum of your basic deductible and additional deductibles for old age and/or blindness.
Take the standard print as it is larger than the single print. According to the IRS, taxpayers can claim the greater of the two.
1) Single deduction
2) Standard deduction
To minimize the tax burden.
In 2019, the standard deduction for jointly filed marriages is $24,400
Although a single deduction is $20000.
In this case, a standard deduction must be made.
Complete question:
A. claim their itemized deduction for $20,000.
B. take the standard deduction since it is greater than their itemized deduction.
C. change their filing status to head of household so they can get a $36,000 deduction.
D. claim both their itemized and standard deduction.
To learn more about the standard deduction
https://brainly.com/question/3158031
#SPJ4
their plan seems reasonable and supported by experience and lessons learned. deborah wants to get budget approval at the city council meeting next week and then get started. she asks if you are ready to sign your contract. what is your response?
The response should be signing the contract. It's because based on the case above, the person we're contracting with (Deborah) is experienced and has built a good plan, so there's no reason not to sign the contract.
A risk is any condition or event that might affect a project. The existence of risk makes any project not have a guaranteed outcome, it can either succeed or fail.
Even so, the risk in a project can be reduced. Having a reasonable and good plan is one way, so we can know what are we going to do step by step. Having experience is a big help as well because the experience will help you know what to do in certain situations.
Learn more about risk management planning at https://brainly.com/question/13813417
#SPJ4
your clients, the manfreds, are first-time homebuyers. they barely scraped together their down payment and really want to minimize their cash outlay. they would prefer to avoid the home inspection and just have their parents look over the property, saving the $500 for other purposes. what should you tell them?
It's better not to do this, you save $500 for now but later you'll pay a lot more for your lies. It's better to follow the rules to avoid the problem that is caused by your lies.
Policy is made to make you dicipline. Dicipline makes you to avoid the problem. Bad customers do exist, and they can take a lot out of us – morale, enthusiasm, energy, expenses. But unprofessional clients are manageable and can be dealt with in a professional strategy. Always remember that your personal and professional reputation is never worth risking. As marketers or manager, then we find a client who do thing like that, you should tell them the negative impact that they will get. Make your client understand about the impact, so with that way they will think twice to do the negative things.
Learn more how to handle client at https://brainly.com/question/11693703
#SPJ4
an operation that strives to achieve the highest possible productivity and total quality, cost-effectively, by eliminating unnecessary steps in the production process and continually striving for improvement is known as:
It is known as Lean Manufacturing.
How would you define manufacturing?
The process of transforming a raw material into a finished, physical product is known as manufacturing.
Making a process more effective while it transforms certain resources into other resources, frequently with the intention of being sold to a client, is what manufacturing includes.
In other word, The process of producing items using labor, equipment, instruments, biological or chemical processing, or formulation, is known as manufacturing.
The manufacturing process involves:
Casting and molding.Machining.Joining.Shearing and forming.To learn more about manufacturing from the given link
https://brainly.com/question/13440987
#SPJ4
according to the proposed guidelines for the use of instruction, modeling, and physical guidance, what behavioral principle is used with all three procedures?
Positive reinforcement, fading, and shaping are those behavioral principles used with all three procedures according to the proposed guidelines for the use of instruction, modeling, and physical guidance.
The idea behind positive reinforcement is that by reinforcing desired actions in pupils, they will be more likely to behave in accordance with our expectations. If a behavior is reinforced, it will probably continue over time. According to behaviorism, all behaviors are acquired through interactions with the environment. According to this learning theory, environmental variables such as upbringing have a far less important role in determining behavior than intrinsic or inherited traits.
Situational inducement is the process of changing behavior by utilizing circumstances and situations that have previously exerted power over it. Exercise keeps you physically and psychologically well; the more you exercise, the more benefits you receive. Regular physical activity for adults can lower the risk of, or assist in managing cardiovascular disease.
Learn to know more about Behavioral principle on
https://brainly.com/question/28224850
#SPJ4
isabella, age 50, pays $500 each month for health insurance premiums with after-tax dollars. she is not self-employed. during 2021, she also incurred $200 in doctor bills and $50 in over-the-counter medications. her agi is $45,000. what amount will she be able to deduct as an itemized deduction after the agi floor is applied
Personal expenses allowed as itemized deductions include medical expenses, nation and local taxes, interest, charitable gifts, casualty losses, and other itemized deductions.
How do I deduct scientific expenses?In 2022, the IRS allows all taxpayers to deduct their qualified unreimbursed medical care costs that exceed 7.5% of their adjusted gross income. You ought to itemize your deductions on IRS Schedule A in order to deduct your scientific charges rather of taking the popular deduction.
Who is no longer eligible to file using the popular deduction?Certain taxpayers don't seem to be entitled to the widespread deduction: A married character filing as married filing one by one whose spouse itemizes deductions. An person who was a nonresident alien or twin repute alien at some point of the yr (see under for sure exceptions)
Learn more about itemized deduction here:
https://brainly.com/question/13757943#SPJ4suppose you are the head of the central bank with a mandate to maintain the price level at its current value (this is called price-level targeting). explain what you would do to the money supply in response to each of the following events. a. real gdp increases by 4% due to an expansion during the year. b. real gdp falls by 1% due to a recession during the year. c. real gdp grows by 3% a year, every year. d. the velocity of money increases by 2% during the year. e. the velocity of money falls by 1% during the year.
An increase in real GDP by 4% during the boom period means the income of the nation has increased and the nation's spending capacity has increased. So the demand for money will increase.
A decline in real GDP By 1% during a recession causes the demand for money to fall. At the existing interest rate there will excess supply of money which will lead to inflation so, to keep the price level fixed money supply should be reduced.If real GDP Is increasing at 3% per year then the money supply should also be increased by 3% per year to keep prices fixed.An increase in the velocity of money by 2% will increase the supply of money leading to rising in prices so to keep prices fixed Central bank should reduce the supply of money.The decline in the velocity of money by 1% will reduce the supply of money so keep the price level fixed at a constant value Central banks should increase the money supply.Learn more about GDP here: https://brainly.com/question/1383956
#SPJ4
Government’s fiscal policy options for ending severe demand-pull inflation include.
Reducing government spending, raising taxes, or doing both are possible choices for the government's budgetary strategy to eliminate severe demand-pull inflation. Hence, Option A is correct.
What is inflation?The term "inflation" in economics describes a broad rise in the cost of goods and services across an economy. A decrease in the purchasing power of money results from an increase in the general price level, which makes each unit of currency buy less in goods and services. This is why inflation is a result of rising prices generally.
Therefore, option A is correct.
Learn more about inflation from here:
https://brainly.com/question/29308595
#SPJ1
The complete question has been attached in text form:
The government's fiscal policy options for ending severe demand-pull inflation include-
reducing government spending, increasing taxes, or both.
increasing interest rates, increasing taxes, or both
reducing government spending, increasing interest rates, or both.
increasing interest rates, reducing the money supply, or both
if the unemployment rate goes down selected answer will be automatically saved. for keyboard navigation, press up/down arrow keys to select an answer. a it could be bad news for the economy. b it could never be bad news for the economy. c the number of unemployed workers would have fallen which is good news. d the size of the labor force had to have gone up.
If the unemployment rate goes down selected answer will be automatically saved. for keyboard navigation, pressing the up/down arrow keys to it could never be bad news for the economy.
The unemployment rate is the percentage of the labor force that is unemployed. Therefore, to measure the unemployment rate, we need to identify the labor force. The workforce includes both employed and unemployed people.
The unemployment rate is the number of unemployed people as a percentage of the labor force (the labor force is the sum of the employed and the unemployed). The unemployment rate is calculated as: (unemployed ÷ labor force) x 100.
The unemployment rate for any region is the number of job seekers in that region divided by the total number of employed residents in that region.
Learn more about unemployment rate https://brainly.com/question/3475418
#SPJ4
Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Which role does Jonathan play in the advertising process for the product? Jonathan plays the role of a in the advertising process for the product.
Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Jonathan plays the role of a consultant in the advertising process for the product.
What is a consultant?Generally, A professional who, in addition to providing advice, engages in additional activities that serve a purpose related to their area of expertise is known as a consultant. As a kind of contingent labor, consulting services are often classified as falling within the umbrella of professional services.
Consultants, who are often known as management consultants, assist businesses in dealing with change and finding solutions to issues in order to make such businesses run more effectively and, as a result, more financially.
In order to assist their client organizations in becoming more successful in their commercial endeavors, consultants provide them with guidance and knowledge.
In conclusion, Since Jonathan was brought in from outside the organization to do a particular task, I would classify him as a contract employee, sometimes known as a consultant.
Read more about consultant
https://brainly.com/question/2152826
#SPJ1
CQ
Jonathan is a photographer. He has been hired by a company to shoot an advertisement for their product. Which role does Jonathan play in the advertising process for the product? Jonathan plays the role of a ____ in the advertising process for the product.
if the total utility from consuming seven units of a product is 336 and the marginal utility of a eighth unit is 16, then the total utility from consuming eight units would be
The sum of the utils gained from each unit of consumption is the total utility. Each unit of consumption in the equation should have a little decreased utility as more units are eaten.
To maintain a high standard, we examine their content and incorporate your suggestions. Text version of the image: The total utility from consuming eight units of a product would be Multiple Choice 320 if the total utility from consuming seven units of that product is 336 and the marginal utility of an eighth unit is 16. Total utility rises, but at a reducing pace, until it hits a peak, at which point it starts to fall. As total utility rises, marginal utility falls.
Learn more about consumption here-
https://brainly.com/question/989103
#SPJ4
3. refer to the data below. if the firm is hiring workers under purely competitive conditions at a wage rate of $10, it will employ:
Based on the given data, if the firm is hiring workers under purely competitive conditions at a wage rate of $10, it will employ 5 workers
What is Marginal Revenue?This refers to the income gained by selling one additional unit of a given product.
Hence, it can be seen that the number of workers the firm will employ will be calculated using the relationship of MRP= MRC.
Where
MRP is the marginal revenue product MRC is the marginal revenue cost.Thus, the labor demand curve of a purely competitive seller: slopes downward because the marginal product of successive workers declines, and thus, they would employ 5 workers.
Read more about marginal revenue here:
https://brainly.com/question/13444663
#SPJ1
Why is the interest rate one of the biggest factors when calculating the financial charges on credit cards?
In a loan, the interest rate is considered as the biggest factors in calculating finance charges because the interest rate adds a percentage of money not already spent to pay towards the credit cards if not paid in full each month.
What is an interest rate in loan?The term "interest rate" is a rate that tells you how high the cost of borrowing is or high the rewards are for saving. As a borrower, an interest rate is the amount you are charged for borrowing money which is shown as a percentage of the total amount of the loan.
In a loan, the finance charge means the total cost of borrowing money which includes the interest paid and any service fees by the lender which is why the interest rate is a big factor in calculating finance charges of credit cards.
Read more about interest rate
brainly.com/question/25816355
#SPJ1
which organization structure typically assigns workers two or more supervisors in an effort to make sure multiple dimensions of the business are integrated?
Matrix organization structure typically assigns workers two or more supervisors in an effort to make sure multiple dimensions of the business are integrated.
What do you mean matrix organization?
A matrix organization is a structure where there is more than one line of reporting managers.
What is an example of a matrix organization?
In a matrix organization, individuals work across teams and projects as well as within their own department or function. For example, a project or task team established to develop a new product might include engineers and design specialists as well as those with marketing, financial, personnel and production skills.
Learn more about matrix organization here :- https://brainly.com/question/7437866
#SPJ4
nicole's employer, poe corporation, provides her with an automobile allowance of $20,000 every other year. her marginal tax rate is 32 percent. answer the following questions relating to this fringe benefit. required: what is nicole's after-tax benefit if she receives the allowance this year? what is poe's after-tax cost of providing the auto allowance?
The Nicole's after-tax benefit if she receives the allowance this year $13,600.
What is tax?The term tax refers to the government charge the extra money for goods and services. The tax is also called as financial charge. The amount of tax are collect to government account as spent on public welfare. The public pay tax is compulsory. There are two types of tax, such as direct tax and indirect tax.
According to the tax are the based on the applicable to the company.
The tax rate applicable to the company is 32%.
After-tax cost of Poe Corporation = Allowance provided to Nicole*(1 – Tax)
= $20,000*(1 – 0.32)
= $13,600
As a result, the Nicole's after-tax benefit if she receives the allowance this year $13,600.
Learn more about on tax, here:
https://brainly.com/question/16423331
#SPJ1
