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Answer: Progressive tax policy
Explanation: In a progressive tax policy the rate of tax increases with the amount of taxable income, thus, making it possible to tax the people with higher income high tax and the lower section of the society a low level of tax.
The concept of progressive tax policy is based on the concept of ability to pay and not necessity to pay.
Thus, from the above we can conclude that right option is A.
If a company spent that much on internet advertising and increased it by 17%, the new amount spent would be $12.87 million.
<h3>How much did the company spend on advertising?</h3>
The amount spent can be calculated as:
= Amount x ( 1 + increase in advertising)
Solving gives:
= 11 million x ( 1 + 17%)
= 11 x 1.17
= $12.87 million
Find out more on advertising expenses at brainly.com/question/24967768.
Answer:
Target cost per unit = $3.52
Explanation:
Given:
Projected sales = $300,000 or 75,000 units
Desired profit = $36,000
Find:
Target cost per unit
Computation:
Target cost per unit = [Projected sales - Desired profit] / Total units
Target cost per unit = [$300,000 - $36,000] / 75,000
Target cost per unit = $264,000 / 75,000
Target cost per unit = $3.52
Answer and Explanation:
The computation is shown below:
a. Marpor's value without leverage is
But before that first we have to calculate the required rate of return which is
The Required rate of return = Risk Free rate of return + Beta × market risk premium
= 5% + 1.1 × (15% - 5%)
= 16%
Now without leverage is
= Free cash flows generates ÷ required rate of return
= $16,000,000 ÷ 16%
= $100,000,000
b. And, with the new leverage is
= (Free cash flows with debt ÷ required rate of return) + (Tax rate × increase of debt)
= ($15,000,000 ÷ 0.16) + (0.35 × $40,000,000)
= $93,750,000 + $14,000,000
= $107,750,000