If inventory is being valued at cost and the purchase price is steadily falling, which method of costing will yield the largest net income? average cost weighted average FIFO LIFO

Answers

Answer 1

Answer: LIFO

Explanation:

Using the LIFO method, net income will be highest because it will result in a lower Cost of Goods sold.

Cost of Goods sold is calculated by deducting Ending inventory from Opening inventory and Purchases. With LIFO, the latter inventory is sold first which means that older inventory which in this case is more expensive, will form the ending inventory.

With a more expensive closing inventory, Cost of Goods sold will be lower and Net Income will be higher.

Related Questions

Solomon has a balance of $4,000 on his credit card account, which has a minimum payment requirement of 4 percent. What is the minimum payment on his account?

Answers

Answer:

$1,000

Explanation:

Answer:

160$

Explanation:

Critique the case: How did Karin originally approach the project? Comment specifically about Karin’s project management skills and approach? 2. While assessing the case, draw a project organigram, identifying the role-players/ stakeholders and whether they were all in original agreement of the project?

Answers

The project organigram should identify the role-players and stakeholders involved in the project and determine if they were all in original agreement.

Who are the role-players and stakeholders involved in the project?

The project organigram outlines the key individuals and entities involved in the project including project managers, team members, clients, executives and any other relevant stakeholders.

It also highlights their roles, responsibilities, and relationships within the project structure. Assessing whether they were all in original agreement requires examining the project's initiation phase and the documented agreements such as contracts, memorandums of understanding or project charters.

Answers

To calculate the net cash provided from operating activities, we need to add up the cash inflows from operating activities and subtract the cash outflows from operating activities.

The cash inflows from operating activities are:

Receipts from customers: $279,247

Interest received: $6,770

Total cash inflows from operating activities: $286,017

The cash outflows from operating activities are:

Payments to suppliers and employees: $220,013

GST paid: $16,924

Total cash outflows from operating activities: $236,937

Therefore, the net cash provided from operating activities is:

Net cash provided from operating activities = Cash inflows from operating activities - Cash outflows from operating activities
Net cash provided from operating activities = $286,017 - $236,937
Net cash provided from operating activities = $49,080

Therefore, the net cash provided from operating activities for Baskin Peter Pty. Ltd. is $49,080.

So the answer is D) $49,080.

David is purchasing a home for $127,600. He has 10% to put down on the home and
wishes to pay one discount point. What is the amount of his principle that he will
finance? Please explain your work in your answer.

Answers

Brain list brain list brain list

In a personal budget, which of the following is considered to be a fixed expense? A. Dinner at a restaurant B. A movie Ticket C. A personal trainer D. Apartment rent

Answers

Answer: Personal Trainer

Explanation: It's a personal budget.

The petitie sportswear buyer places the following order: 36 pants costing $10.75 each48 pants costing $15.50 each24 pants costing $17.50 eachShipping charges were 6%of the billed costs. To find the dollar amount of shipping charges, find the total amount of billed costs. Multiply the number of pants to the cost of each pants and find the sum toal:36 pants $10.75 = $38748 pants $10.75 = $74424 pants $10.75 = $420Then find the sum of each cost to find the gross sales. So the sum of 387, 744 and 420 is 1,551. So the total amount of billed costs is $1,551,000.

Answers

Answer:

The dollar amount of the shipping charges is:

$93.06

Explanation:

a) Data and Calculations:

36 pants at $10.75 = $387

48 pants at $15.50 = $744

24 pants at $17.50 = $420

108 pants = $1,551

Shipping charges 93.06 (6% of $1,551)

Total billed costs = $1,644.06

The shipping charges of 6% are applied on the total product costs of $1,551 to obtain $93.06. The cost of each purchase of a line of pants is computed by multiplying the line's quantity with its per unit cost. Then the different costs are added together before applying the 6% shipping charges.

suppose you transfer $500 from your savings account to your checking account. with this transaction, m1 _____ and m2_____.

Answers

M1 and M2 both decreased and stayed the same.

define hedge fund economics.

Answers

Answer:

Hedge fund are financial partnerships that use pooled funds and employ different strategies to earn active returns for thier investors.. Hedge fund include long-short equity, market neutral, volatility arbitrage and merger arbitrage. They are generally only accessible to accredited investors

The concept of demand is best described as:_____.
a. the quantity of a good or a service that people are willing and able to purchase at different possible prices.
b. the total satisfaction that consuming a good provides people at different prices.
c. the additional satisfaction derived from a quantity of goods and services obtained when income increases.
d. the quantity of a good or a service that people will offer for sale at different possible prices.
e. the quantity of a good or service that consumers will substitute when the price of a good changes.
The basic proposition of the law of demand is that:_____.
a. higher prices cause buyers to demand more.
b. buyers demand lower prices.
c. higher prices cause less demand.
d. as the price of a good decreases, buyers are willing and able to purchase less.
e. as the price of a good increases, buyers are willing and able to purchase less.
In a market economy, there is relationship between the price of a good and the amount of a good that buyers are willing and able to purchase.

Answers

Answer:

Explanation: The concept of demand usually deals with the consumers yearning for goods and services and the factors which determines the purchasing decision of consumers and the amount being purchased. Quantity and price are two associated variables which can be used to examine consumer behavior towards a certain product. Hence, demand for a product often refers to the quantity of product purchased or demanded by consumers based on the price of the product.

The demand proposition is simply of the notion that the number of quantity demanded for a certain product falls as the price of such product inversa and vice versa. The demand for a product decreases as its price begins to rise, leading consumers to look for substitute products which cost less.

Foundation
QUESTION 8 / 10
Which of the following statements is TRUE about payday loans?

Answers

Answer:

what are the answer choices

(214) 1. Distinguish between technical efficiency and allocative efficiency. Use the two concepts of efficiency to compare a perfect market structure with a monopoly.

Answers

Technical efficiency refers to the ability to produce the maximum output from a given set of inputs or resources. It focuses on the production process and achieving the highest output level with the least amount of resources wasted. Technical efficiency emphasizes optimizing the production process to minimize costs and maximize productivity.

Allocative efficiency, on the other hand, relates to the allocation of resources in a way that maximizes overall social welfare. It refers to the ideal allocation of resources that matches consumers' preferences and demands. Allocative efficiency ensures that resources are allocated so that goods and services align with consumer preferences. This results in the best outcome for society.

When comparing an ideal market structure with a monopoly in terms of efficiency, there are significant differences. In an ideal market structure, characterized by complete competition, both technical and allocative efficiency is typically achieved. Many buyers and sellers exist, information is freely available, and no single entity controls the market. Competition drives firms to produce at the lowest cost and offer goods and services that match consumer preferences, leading to technical and economic efficiency.

In contrast, a monopoly represents a market structure where a single firm dominates the industry and has substantial market power. In terms of technical efficiency, a monopoly may not necessarily achieve the same level as a perfectly competitive market. Due to the lack of competition, a monopoly may not have the same incentive to minimize costs or innovate as efficiently as possible. This can result in higher production costs and lower technical efficiency.

Regarding allocation efficiency, monopolies often fail. Without competition, a monopolistic firm can set prices higher than the marginal cost of production, resulting in a suboptimal allocation of resources. The monopolist may prioritize maximizing profits rather than satisfying consumer preferences. This leads to a less efficient allocation of resources than in a perfectly competitive market.

Overall, an ideal market structure exhibits higher levels of technical and allocative efficiency than a monopoly. When true competition promotes resource optimization and consumer satisfaction, resulting in more efficient resource allocation.

Which examples demonstrate common education and qualifications for Counseling and Mental Health Services careers? Check all that apply.

1. Soo uses leadership skills to guide a group of people in religious worship.

2. Jacqueline stays calm even when counseling patients who are angry or upset.

3. Brent uses math skills to help people fill out financial paperwork.

4. Nakisha provides therapy to families and has a master’s degree in Psychology.

5. Tao pays close attention to what patients say and how they behave during counseling sessions.

6. Adam lifts and carries young children while playing with them outdoors.

Answers

Answer:

Jacqueline, Nakisha, Tao or B, D, E

Explanation:

got it right

Answer:

B. Jacqueline stays calm even when counseling patients who are angry or upset.

D. Nakisha provides therapy to families and has a master’s degree in Psychology.

E. Tao pays close attention to what patients say and how they behave during counseling sessions.

Explanation:

edge 2021 :)

stay safe and good luck <3

Training for Employee Sensitivity: a Priority at Wilson Street Grill: Read the following scenario, then complete the related exercise.

The Wilson Street Grill in Madison, Wisconsin, is one of many restaurants that have successfully hired employees with mental disabilities. The federal Americans with Disabilities Act (ADA) prohibits employers from discriminating against disabled job applicants and employees in businesses with 15 or more employees. Many hotels and restaurants have found that employees with disabilities are often excellent employees who work hard and care about their work. The rate of turnover for workers with mental disabilities is often lower than the turnover among high school and college students employed at these same restaurants.

The Wilson Street Grill is no exception; more than one-third of its employees have a disability. All new employees receive orientation and training, which includes information on working effectively with those who have disabilities. It is important that employees understand the issues of discrimination and how the ADA law impacts the employees at the Wilson Street Grill. New employees are supervised and mentored on a regular basis so that they can work effectively with the current staff.

As manager of the Wilson Street Grill, you recently hired Jonathan, who completed his orientation a month ago. He regularly works with Sue, a mentally disabled employee with Down syndrome who has been an excellent employee for two years. Jonathan appears to be patient with the other employees who have disabilities, but seems easily frustrated with Sue. Jonathan has refrained from speaking rudely to her in public, but his general behavior communicates a very negative attitude. You recently observed a negative communication exchange between Jonathan and Sue. Jonathan often responds to Sue’s questions by ignoring her or giving her terse answers. He has rudely interrupted her conversations with fellow employees on numerous occasions. Often when she starts a routine task, he takes over and does it for her. He refuses her efforts to help him learn certain tasks. Sue has not complained to you, but she has talked to other employees about the problems with Jonathan. As the manager of Wilson Street Grill, you need to warn Jonathan about his unacceptable behavior and provide constructive criticism.

Exercise:

Write a memo to Jonathan that will be placed in his personnel file. The memo should adequately warn Jonathan about the consequences of his behavior and should contain relevant facts to explain the law. Visit your campus library to complete additional research on the Americans with Disabilities Act so that you understand how this law impacts management.

I really need help please help me out here!!!!!!!

Answers

Those with disabilities could no longer be refused access to jobs, education, or transportation. Examples of privately owned establishments that fall under the legislation include restaurants and movie theaters. The law significantly impacted the lives of millions of Americans.

What purpose does a persona file serve for an employee?

Managers benefit from it since it provides them with crucial worker data. must keep up-to-date records of all employee absences, lockouts, transfers, and other incidents. It helps the managers create various training and development programs based on the present environment, which is beneficial to them.

In order to resolve various employment-related concerns, the employer must collect, maintain, and use all information pertaining to specific employees in personnel records.

Why is it vital to have the American with Disabilities Act? What results does it have?

The Act aims to guarantee that everyone has the same opportunities and rights, including those who have impairments. People with disabilities are entitled to the same civil rights protections under the ADA as those who are subjected to discrimination on the basis of their race, color, sex, national origin, age, or religion.

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Yuri wants to pay for his new chair using a check. What must he consider before using that method of payment?
Yuri must check his credit history.
Yuri must know the interest rate on a furniture loan.
Yuri must be sure he has enough left in his checking account for any expenses and automatic payments.
Yuri must check his credit card balance.

Answers

Answer:

I think....... the answer is c...

Hope it helps

Before using a check as a method of payment for his new chair, Yuri must consider several factors to ensure a smooth transaction. Hence option D is correct.

What must he consider before using that method of payment?

First and foremost, he should verify that the merchant accepts checks as a form of payment. Additionally, he should confirm that he has enough money in his checking account to cover the cost of the chair and any other expenses or automatic payments that may come due soon.

It's also important for Yuri to ensure that he writes the check properly, including the correct date, payee name, and amount in both numerical and written form. Failure to do so could result in the check being rejected or delayed, which could cause problems for both Yuri and the merchant.

If Yuri has a history of bounced checks or insufficient funds in his account, he may want to consider alternative payment methods or take steps to improve his financial situation before attempting to pay with a check.

It's also a good idea for Yuri to keep track of his checkbook balance and reconcile it regularly to avoid any surprises or overdraft fees.

Overall, paying with a check can be a convenient and secure way to make purchases, but it's important for Yuri to be mindful of these considerations to ensure a successful transaction.

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Fill in the "description" column for the below table by mentioning if it is elastic, inelastic or unit
elastic.
Price
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
$8.0
$9.0
Quantity
20
18
16
14
12
10
8
6
Total Revenue
(Price x
Quantity)
$40
$54
$64
$70
$72
$70
$64
$54
Slope Point Elasticity Description
-2.00
$0.10
-0.20
-2.00 $0.17
-0.33
-2.00
$0.25
-0.50
-2.00
$0.36
-0.71
-2.00
$0.50
-1.00
-2.00 $0.70
-1.40
-2.00
$1.00
-2.00
-2.00
$1.50
-3.00

Answers

Answer:

Explanation:

Price Quantity Total Revenue Description

$2.0 20 $40 Elastic

$3.0 18 $54 Elastic

$4.0 16 $64 Elastic

$5.0 14 $70 Unit Elastic

$6.0 12 $72 Inelastic

$7.0 10 $70 Inelastic

$8.0 8 $64 Inelastic

$9.0 6 $54 Inelastic

The description for each value is as follows:

-2.00: Elastic

-0.20: Inelastic

-0.33: Inelastic

-0.50: Inelastic

-0.71: Inelastic

-1.00: Elastic

-1.40: Elastic

-2.00: Elastic

What defines the elasticity of the demand?

To determine whether the demand is elastic, inelastic, or unit elastic, there is need to look at the absolute value of the slope of the point elasticity.

Price Qty Total Rev Slope Point Elast. Des.

$2.0 20 $40 -2.00 Elastic

$3.0 18 $54 -0.20 Inelastic

$4.0 16 $64 -0.33 Inelastic

$5.0 14 $70 -0.50 Inelastic

$6.0 12 $72 -0.71 Inelastic

$7.0 10 $70 -1.00 Elastic

$8.0 8 $64 -1.40 Elastic

$9.0 6 $54 -2.00 Elastic

Based on the given values, it is seen that when the absolute value of the slope of the point elasticity is less than 1, it indicates inelastic demand. When it is exactly 1, it represents unit elastic demand. And when it is greater than 1, it indicates elastic demand.

Therefore, the description for each value is as follows:

-2.00: Elastic

-0.20: Inelastic

-0.33: Inelastic

-0.50: Inelastic

-0.71: Inelastic

-1.00: Elastic

-1.40: Elastic

-2.00: Elastic

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In public stock companies, which of the following expectations of principals is most likely to lead to principal-agent problems?A) The expectation that the agent will follow the country's laws and regulationsB) The expectation that the agent will go above and beyond the call of dutyC) The expectation that the agent will reconnect economic and social needsD) The expectation that the agent will act in the principal's best interest

Answers

Answer:

Explanation:

The principal-agent problem is the conflict of interest that occurs between the principal and the agent. The principal expects the agent to act in his best interest but this might not be the case as the agent might pursue his own personal interest to the detriment of the principal.

For example, an agent might take on a project that has a negative NPV because he wants to increase the amount of project he handles so he would appear more important. This would be at the detriment of the principal but an advantage to the agent

May 1: Prepaid rent for three months, $1,800 May 5: Received and paid electricity bill, $50 May 9: Received cash for meals served to customers, $340 May 14: Paid cash for kitchen equipment, $2,900 May 23: Served a banquet on account, $1,560 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $2,700 May 31: Recorded depreciation for May on kitchen equipment, $570 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.

Answers

If Sweet Catering had recorded transactions using the Cash method, the net income (loss) they would have recorded for May is ($4,410) instead of ($1,480) under the accrual method.

What is the difference between the cash method and the accrual method?

The cash method records revenue and expenses when cash is received or payment is made.

On the other hand, the accrual method recognizes revenue and expenses for the period, whether cash is received/paid or not.

The accrual method records revenue when an invoice is raised and when a bill is received, unlike the cash method.

Transaction Analysis:

May 1 Prepaid Rent $1,800 Cash $1,800

May 5 Electricity Expense $50 Cash $50

May 9 Cash $340 Service Revenue $340

May 14 Kitchen Equipment $2,900 Cash $2,900

May 23 Accounts Receivable $1,560 Service Revenue $1,560

May 31 Rent Expense $600 Prepaid Rent $600

May 31 Salary Expense $2,700 Salary Payable $2,700

May 31 Depreciation Expense $570 Accumulated Depreciation $570

Cash Method for Income Statement:

Service revenue $340

Expenses:

Rent $1,800

Electricity 50

Kitchen equipment $2,900

Total cash expenses = $4,750

Net income (loss) = ($4,410)

Accrual Method for Income Statement:

Service revenue $1,900

Expenses:

Rent $60

Electricity 50

Salary $2,700

Depreciation $570

Total expenses = $3,380

Net income (loss) = ($1,480)

For the purchase of kitchen equipment, the accrual method records depreciation expense for the month while the cash method records the full amount paid for kitchen equipment on May 14.

Thus, a higher net loss is recorded for May when Sweet Catering uses the Cash method than the Accrual method.

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Selected accounts from the ledger of McDaniel Corporation appear below. Indicate the nature of each account. Type Of Account

1. Supplies select a type of account
2. Notes Payable select a type of account
3. Service Revenue select a type of account
4. Dividends select a type of account
5. Accounts Payable select a type of account
6. Salaries and Wages Expense select a type of account
7. Common Stock select a type of account
8. Accounts Receivable select a type of account
9. Equipment select a type of account
10. Notes Receivable select a type of account

Answers

Answer:

1. Supplies - ASSETS

Supplies are assets and are debited when they increase.

2. Notes Payable - LIABILITIES.

Current Liabilities owed to creditors.

3. Service Revenue. REVENUE

Revenue that will go to the income statement.

4. Dividends. EQUITY.

These are payments to Shareholders and so are Equity.

5. Accounts Payable. LIABILITY.

These are current liabilities and increase by credit.

6. Salaries and Wages Expense. EXPENSE.

These are expenses that will go to the Income Statement

7. Common Stock. EQUITY.

Common Stock is equity as it represents ownership in the company.

8. Accounts Receivable. ASSET.

Accounts Receivables are current assets and are debited when they increase.

9. Equipment. ASSET.

Equipment are fixed assets and are debited when they increase.

10. Notes Receivable. ASSETS.

Like Receivables these are current assets and are debited when they increase.

Sizing the neutral conductor only for the normal neutral unbalance current could result in a neutral conductor too ____ to safely carry fault currents.

Answers

Sizing the neutral conductor only for the normal neutral unbalance current could result in a neutral conductor too tight to safely carry fault currents.

Neutral conductor:

The third wire's intermediate conductor is typically grounded or kept at zero voltage in three-wire electrical systems.

Low-voltage electrical systems' AC circuits employ neutral and phase wires to supply electricity to the devices that make up its electrical infrastructure.

The neutral conductor is electrically linked to the middle current-carrying component of a single-phase AC power supply or to the common current-carrying part of an AC multiphase power supply whose windings are star-connected. not relevant to line conductors.

The term "living portion" is used to describe the neutral conductor. Contrary to phase conductors, it is typically under minimal voltage with regard to earth under normal circumstances.

A current-carrying conductor that is included in the total number of conductors utilized in an electrical circuit, network, or system is the neutral conductor.

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What is the purpose of earned value management (EVM) and how does it contribute to the successof a program?

Answers

Answer:

evn

Explanation:

Match the correct EFTA and PCI Standards.
report a stolen debit card
protect credit card data
place a stop payment on
recurring payments

maintain a secure network

Answers

Answer:

The Electronic Fund Transfer Act (EFTA) is an Act of Congress that was enacted to protect the transactions of customers transferring their funds by electronic means such as through Automated Teller Machines (ATMs) and debit cards.

The Payment Card Industry Data Security Standard (PCI DSS) is meant to ensure that financial institutions like banks have strong and secure network infrastructure to protect customers and their details.

EFTA

report a stolen debit card .place a stop payment on recurring payments.

PCI

protect credit card data maintain a secure network

Answer:

EFTA: report a stolen debit card, place a stop payment on recurring payments

PIC standards: protect credit card data, maintain a secure network

Explanation: my brain

Determine the total expenses based on the following data

assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000

Answers

From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.

To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.

Assets = $72,000

Owner's Equity = $70,000

Liabilities = $16,000

Using the accounting equation, we can calculate the total expenses by rearranging the equation:

Expenses = Assets - Liabilities - Owner's Equity

Expenses = $72,000 - $16,000 - $70,000

Expenses = $-14,000

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explain the following definition of marketing ethics

Answers

Answer:

Explanation:

The concept of ethical marketing refers to the way in which companies and / or enterprises market their goods and services: the focus does not only revolve around the benefits of their offer for customers, but also on how they impact on causes and / or responsible actions with society and / or the environment ..

In a business plan proposal, what is an example of Investment requirements &Interest Cost?

Answers

Answer:

Gather all your company's existing information, including data on your business's revenue, operating budget, expansion plans, and so on. Integrate your goals, data, and financial needs into a concise, clean presentation. Research thoroughly any investor you plan on presenting your investment proposal to.

how do u get arrested

Answers

Answer:

breaking the laws that's one way to get arrested, if that's what you are asking lol

Answer:

Basically anything that interferes with the law or disturbs peace

Explanation:

1)hurt someone.

2)Spray paint.

3)Punch someone.

4)Fight with officer.

5)Get out of control at school.

6)Get in a fight.

7)Steal a car.

8)Sell drugs.

9)Hit a police car and drive off.

10)Threaten to hurt yourself.

etc

As we go from home operation to international operations, we can potentially receive a _______, but we can also see our ______ increase

Answers

As we go from home operation to international operations, we can potentially receive a rise in our costs, but we can also see our profits increase. This is about business expansion.

What is business expansion?

When a company reaches a certain point in its growth and starts looking for new ways to increase profits, that stage is known as business expansion.

Managing business growth or development is a challenge that successful firms and startups alike eventually encounter.

It is to be noted that while business expansion comes with possible potential increases in profit and net worth, incurring additional costs is a certainty.

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Determine where each piece of information is located on a check.

signature line

date

routing number

account number

personal information

check number

memo line

Answers

Example of a check. Look at the image I attached.

Determine where each piece of information is located on a check. signature line date routing number account

Solutions for lack of accurate and timely information?
Solutions for information overload?

Answers

Information overload is a rising issue for organisations all over the world, and improving employee experience is a top concern for the majority of them. The problem is that, despite the fact that information overload is a well-known issue, it appears that most firms have yet to find effective methods to address it, which is rather concerning.

Information overload in the workplace refers to the large volume of irrelevant information that circulates among employees. In today's job, it is difficult to prevent information overload. Most businesses, from start-ups to huge corporations, are experiencing information overload.

It is also critical to deliver correct and timely information. People and organizations will make poor judgements in the absence of accurate, reliable, and timely information.

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Lyon Co. collected $1,200 in sales tax from customers during the month of March. In April, Lyon sent the $1,200 sales tax to the state government. The entry to record payment to the state would include which of the following? (Check all that apply.)
Credit to Cash
Debit to Sales Tax Payable

Answers

The entry to record payment to the state would include.

Credit to Cash

Debit to Sales Tax Payable

Which phrase best encapsulates sales tax?

A sales tax is one that is levied on both consumer purchases and commercial sales of products and services. It is a form of consumption tax, which means that it levies a fee on every dollar that consumers spend.

Exactly why do consumers pay sales tax?

Items like schools, roads, and fire services that are included in the state and local budgets are funded by sales tax. As a lot of localities rely on sales tax to pay for their budgets, they take the collection of all unpaid sales tax very seriously.

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Consider two countries, Alpha and Beta. In Alpha, real GDP per capita is $6,000. In Beta, real GDP per capita is $9,000. Based on the economic growth model, what would you predict about the growth rates in real GDP per capita across these two countries

Answers

Answer:

The growth rate of real GDP per capita will be higher in Alpha than it is in Beta

Explanation:

If we are to based on the economic growth model, what I would predict about the growth rates in real GDP per capita across ALPA and BETA is that when both countries are been compared with one another The growth rate of real GDP per capita will be higher in Alpha than it is in Beta because the Alpha real GDP per capita is said to be $6,000 while Beta real GDP per capita is said to be $9,000 which means growth rate of real GDP per capita will be much more higher in Alpha than it is in Beta.

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