You are trying to convince your state government to reduce its incredibly high business taxes in an effort to promote the economic climate of your state. Your government officials respond by saying that reducing business taxes will cause tax revenue to plummet and the state can’t afford to reduce tax revenue at this time. You point out to the government officials that according to the Laffer curve you studied in economics class.

a. the politician is right, lower tax rates always lead to lower tax revenues so taxes should not be reduced if the state can't afford
b. changes in tax rates are always offset by increases in the tax base so that there is no effect at all on tax revenues
c. when tax rates are high, a rate reduction may lead to an increase in tax revenue as it will encourage more tax paying businesses to locate in the state.
d. tax revenues are likely to decrease, but the government will just decrease spending to offset these reductions.

Anne is comparing savings accounts. one account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate of 1.2 percent compounded monthly. which account will earn more money in interest? the account that earns 1.2 percent compounded yearly the account that earns 1.2 percent compounded monthly

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work