Suppose that a government decided to collect all of its revenue through a tax on tap water. Explain why this tax would or would not be fair.

Answers

Answer 1

Collecting revenue through a tax on tap water would not be fair because it is not based on the ability to pay.

What is tax fairness?

Tax fairness can be described as a principle that states that a government's tax system should be equitable to all taxpayers.

Tax fairness advocates think that taxes should be based on the ability to pay of taxpayers.

The concept of ability to pay assumes that people with varying levels of wealth or income should pay varying levels of taxes.

Since collecting revenue through a tax on tap water is not based on the ability to pay, this tax would therefore not be fair.

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Related Questions

In any business, funds come into and go out of a business. What business function acquires funds for the firm and then manages those funds on a day-to-day basis?.

Answers

Answer:finance

Explanation:

A financial plan is made up of five expenditures that detail the basic standards for starting a business, the investments you'll need to make, and how you intend to finance them. This allows you to determine the viability of your business idea.

What is the financing mix?

The financing mix is thus the combination of debt and capital that a firm employs to achieve its goal of maximizing the firm's value. A firm will operate to maximize shareholder wealth, and in order to do so, a proper financing mix must be implemented.

First, a company can reinvest net operating earnings to stabilize operations or fund expansion. Second, a company can borrow money to cover operational losses or to expand its operations. Finally, a company can fund its operations and growth by issuing equity capital.

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Passerine runs a tapestry shop in Rome, weaving historical images for the tourism industry. Lately, her arthritis has gotten worse, so she brings in several young workers and begins to teach them how to weave her images. Which factor of production did Passerine enhance

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Passerine is the owner of the shop and she worked alone for her shop but she have recently hired young workers and is training them.

What is Training?

Training is the process of enhancing the skill set of an individual or a group of people, training is of two types on the job training and off the job training.

Passerine is training her new employees, she enhanced the labor factor in her business. The four factors of production are, capital, labor, land and enterprize.

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A written agreement with a promise to pay a supplier a specific sum of money at a definite time is a(n) ______.

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Answer: Promissory note

Explanation:

Which scenario best describes purchasing property insurance? mitchell buys insurance to protect his new stereo system from theft. carmen gets insurance to cover a car she recently inherited. lee buys insurance to protect her home in case of fire damage. jake gets insurance after his dog ruins a neighbor’s yard.

Answers

The scenario that best describes the purchasing property insurance is Mitchell buying insurance to protect the new stereo system from theft.

What do you mean by Purchase?

Purchase refers to acquiring something or to buy something by paying an amount for it.

Purchasing property insurance provides benefits to gain more confidence and security and provide protection if something went wrong.

In the above scenario given, Mitchell bought insurance for the newly purchased stereo system. So, it is the best scenario for describing purchasing property insurance.

Therefore, A is the correct option.

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Answer:

Mitchell buys insurance to protect his new stereo system from theft

Explanation:

Took the test and got it right

Drinks Plus., a beverage manufacturing firm, recently launched a new energy drink. To make consumers aware of the new drink and to stimulate their interest in it, the managers want to use owned media to promote the new product. In this case, the managers will most likely _______.

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If the managers want to use owned media to promote the new product. In this case, the managers will most likely make short commercials video for the energy drink and upload it to Y.o.u.T.u.b.e.

What is advertisement?

Advertisement can be defined as the process of creating product or brand awareness to the target audience so as to increase sales.

Based on the scenario in order for the company to create the product awareness, the company should make a short commercials video to advertise the energy drink and then upload  the video to Y.o.u.T.u.b.e

Therefore in this case, the managers will most likely make short commercials video for the energy drink and upload it to Y.o.u.T.u.b.e.

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The number of shares that a corporation's incorporation document allows it to sell is referred to as

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The number of shares that a corporation's incorporation document allows it to sell is referred to as authorized shares.

What is a Corporation?

This refers to a business entity that has a group of members who acts together for a set goal.

Hence, we can see that when it comes to the selling of stocks by the corporation, there is a limit of shares to sell and this is known as authorized shares.

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Doc's ribhouse had beginning equity of 79000 and net icome of 23000. The company has no other transaction impacting equity. Calculate the ending equity

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Doc's ribhouse ending equity would be $102,000 if has beginning equity of 79000 and net icome of 23000.

What is equity?

Equity is the amount of capital invested or owned by the owner of a company. The equity is evaluated by the difference between liabilities and assets recorded.

Doc's ribhouse beginning equity

= $79,000

Net income

= $23,000

Ending equity

= ?

Ending Equity

= Beginning Equity + Net Income - Dividends

= $79,000 + $2

= $102,000

Hence, Doc's ribhouse ending equity would be $102,000

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Kendall frequently spots issues that will affect both her team in Sacramento and their counterparts in San Bernardino. Kendall plays a ________ role by setting meetings with both teams so they can work openly and coordinate smoothly.

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1Kendall frequently spots issues that will affect both her team in Sacramento and their counterparts in San Bernardino. Kendall plays a task role by setting meetings with both teams.

What is task role?

These are the jobs that need you to complete tasks. The different roles are assigned to different persons by the person who is senior in the position from the starting to end of the task.

Thus, it is task role.

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Volusia, Inc. Is a U. S. -based exporting firm that expects to receive payments denominated in both euros and Canadian dollars in one month. Based on today's spot rates, the dollar value of the funds to be received is estimated at $500,000 for the euros and $300,000 for the Canadian dollars. Based on data for the last fifty months, Volusia estimates the standard deviation of monthly percentage changes to be 8 percent for the euro and 3 percent for the Canadian dollar. The correlation coefficient between the euro and the Canadian dollar is 0. 30. What is the portfolio standard deviation

Answers

From the details that are contained in the question, the portfolio standard deviation is 0.0544 or 5.44%

How to solve for the portfolio standard deviation

w1 = weight of euros 1 = 500000/800000

w2 = weight of canadian dollars = 300000/800000

Standard deviation 1 = 8%

Standard deviation 2 = 3%

Correlation coefficient = 0.30

(w1*σ1)² + (w2*σ2)² + (2* w1*σ1* w2*σ2 * 0.30)^0.5

[tex]((0.625*0.08)^{2} +(0.375*0.03)^{2} +(2*0.625*0.08*0.375*0.03*0.3)^0^.^5\\\\= 0.0544[/tex]

Therefore the portfolio standard deviation is given as 0.0544 or 5.44%

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Zachary is going to major in business. However, he has never had much interest in subjects with numbers. He would like to avoid taking any finance courses if possible. What should Zachary do

Answers

Zachary should realize that his success in business requires an understanding of financial issues and hence a major in finance and accounting is preferred.

What do you mean by major in business?

The business major is for students who want more education in many business areas, with the option to become a professional.

Students will learn how different types of companies work in the domestic and global economies.

Hence, Zachary should realize that his success in business requires an understanding of financial issues, and hence a major in finance and accounting is preferred.

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CII, Incorporated, invests $710,000 in a project expected to earn a 9% annual rate of return. The earnings will be reinvested in the project each year until the entire investment is liquidated 12 years later. What will the cash proceeds be when the project is liquidated

Answers

The total amount accrued, principal plus interest at a rate of 9% per year compounded 1 times per year over 12 years is $1,996,992.00.

Compound Interest

Given Data

Principal = $710,000Rate = 9%Time = 12 years

A = P + I where

P (principal) = $710,000.00

I (interest) = $1,286,992.00

Calculation Steps:

First, convert R as a percent to r as a decimal

r = R/100

r = 9/100

r = 0.09 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 710,000.00(1 + 0.09/1)(1)(12)

A = 710,000.00(1 + 0.09)(12)

A = $1,996,992.00

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When managers use suppliers and manufacturers outside of the organization to provide goods or services the company previously supplied itself, it is called

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The use of outside suppliers and manufacturers (vendors) to provide goods or services the company previously supplied is called outsourcing.

What is the main advantage of outsourcing?

The main reason or advantage that management outsources the production of goods and services previously produced internally to vendors is to reduce costs.

Outsourcing can also help an organization benefit from costly expertise that it cannot afford to acquire internally.

Outsourcing helps an organization to:

Focus on core tasksMaintain controlPromote growthManage risksEnjoy flexibilityDevelop internal staff.

Thus, the use of outside suppliers and manufacturers (vendors) to provide goods or services the company previously supplied is called outsourcing.

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A stock __________ is the distribution of additional shares to stockholders according to their percent ownership. When this occurs, the corporation "calls in" its outstanding shares and issues more than one new share in exchange for each old share.

Answers

Answer:

split

Explanation:

When making a product line decision, a company may focus on lost contribution margin and avoidable fixed costs or prepare comparative ______. Multiple choice question.

Answers

A company may focus on lost contribution margin or prepare comparative income statement when making a product line decision

What is income statement?

An income statement can be regarded as financial statement which helps to display company's income and expenditures.

It is a financial statement that shows you the company's income and expenditures. It also shows whether a company is making profit or loss.

Hence, when making a product line decision, a company may focus on lost contribution margin and avoidable fixed costs or prepare comparative income statement.

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What is the formula for the receivables turnover ratio?.

Answers

The formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.

What is receivable turnover ratio?

The receivable turnover ratio is what measure the number of times over a given period that a company collects its average account.

It is the number of times per year that a business collects its average accounts receivable.

Hence, the formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.

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If a mutual fund's portfolio is valued at $500 million while there are liabilities of $6 million, what would be the NAV if there were 30 million shares outstanding

Answers

The NAV of the mutual fund's portfolio given the value of the assets, liabilities and the shares outstanding is $16.53.

What is the NAV?

NAV means net asset value. It is the intrinsic value of a stock. NAV can be determined by dividing the differerence between assets and liabilties by the shares outstanding.

NAV = (assets - liabilities) / shares outstanding

(500 - 6) 30 = $16.53

Measures of Success are well-defined by a Six Sigma Team in order to satisfy: Select one: a. customers b. sponsors c. team members d. all of the above e. A and B f. B and C

Answers

Measures of Success are well-defined by a Six Sigma Team in order to satisfy are customers, sponsors, and team members. The correct option is D.

What is a six-sigma team?

Stakeholders, executives, champions, and team members (yellow belts) are typically included in the formation of a Six Sigma team.

The team is led by a green belt or black belt. Master black belts, black belts, green belts, and yellow belts who assist in the management of the improvement initiative may be members at the project level.

Thus, the correct option is d. all of the above

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The appearance of a résumé can change drastically after it has been scanned. please select the best answer from the choices provided t f

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It is a true statement that the appearance of a résumé can change drastically after it has been scanned.

How does the appearance of a résumé changed?

The real appearance of the resume hardcopy can changed because they lighting and texture will be altered because of the lighting using by the scanning machine.

Therefore, It is a true statement that the appearance of a résumé can change drastically after it has been scanned.

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On December 1, a company pays $3,600 for a 36-month insurance policy. After one month, accrual accounting requires $ _________(100/3,600) of insurance expense be reported on the income statement ending December 31. However, if cash basis accounting is used, $ _______(100/3,600) of insurance expense would be reported at the time of purchase.

Answers

Accrual accounting demands $100 in insurance expenses, whereas cash basis accounting requires $3,600 in insurance expenses.

What is the insurance expense?

Using the accrual basis of accounting, the corporation will recognize expenses when they are incurred, regardless of whether they are paid or not.

As a result, the company's insurance expense in the year is limited to the months of December 1 to December 31.

[tex]\text{ Insurance expense under accrual basis} =\frac{3,600}{36}=100[/tex]

Therefore, $3,600 divided by 36 months equals $100.

When using cash basis accounting, all expenses with actual cash outflows are reported.

As a result, the entire $3,600 insurance policy cost will be charged to insurance expenses in the year.

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Maria has a balance of $4,500 on her credit card with a 22% interest rate. How long will it take her balance to double?

Answers

The time required from simple interest on a principal of $4,500.00 at an interest rate of 22% per year is 4.55 years (about 4 years 7 months).

Simple Interest

Given Data

Principal =  $4,500Interest = 22%Final Amount = $4,500*2 = $9,000

Equation:

t = (1/r)(A/P - 1)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 22%/100 = 0.22 per year,

then, solving our equation

t = (1/0.22)((9000/4500) - 1) = 4.55

t = 4.55 years

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What are the portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share and 115 shares of Stock B that sell for $49 per share

Answers

The portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.

Portfolio weight for each stock

First step

Total value = 185($64) + 115($49)

Total value = $17,475

Second step

Portfolio weight for each stock is:

Portfolio weight A = 185($64)/$17,475

Portfolio weight A = .6775

Portfolio weight B = 115($49)/$17,475

Portfolio weight B = .3225

Therefore the portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.

The portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.

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As the marketing director for Mountaintop Ski Resort, Kimberli has lots great ideas about advertising the resort to new groups of customers. What would you tell Kimberli about the customer perspective?

Answers

The advise that would be said to Kimberli on customer perspective would be that: she raises customer expectations in order to entice new customers to the resort.

What is customer expectation?

This term refers to what the customers would anticipate as they engage in interactions with a business or a company.

Customer interactions helps to know what the customers expects of a given product or a service.

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Which answer choice does not represent an advantage to using credit cards over other forms of payment? a. payments made online with credit card b. payments made abroad with credit card c. emergency contact number for lost card d. interest due on outstanding balance please select the best answer from the choices provided. a b c d

Answers

Answer: C

Explanation:

An emergency contact number for lost card makes no sense when it comes to an advantage to using credit cards.

Ali’s company is being helped by the _____ role of the government.

Answers

Answer:

economic role (managing economic conditions)

In the case of a basket purchase, the cost of the land and building is ______.

Answers

The cost of the land & building is split among the assets purchased in proportion to the market value of the assets as a whole in the case of a basket purchase

What is a basket purchase?

It is called a lump sum acquisition because its involves the purchase of many assets as a group.

In this purchase, when an investor purchases an assets, it means the the investor is able to buy many assets as one group in a single transaction,

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The Gregor family installed a pool in their backyard but refused to put in a fence. While the Gregors were on vacation, a 10-year-old boy jumped in their pool and was injured. The boy’s family will MOST likely sue the Gregors for what?

Answers

The family of the boy will most likely sue the Gregors for not putting a fence around the pool in their backyard due to which their child has been injured.

What is a fence?

A fence is a structure built outside an area to cover it so that no one can escape or enter that area. It is a kind of a railing or a barrier usually made up of wood, wire, or steel bars.

If the Gregor family has put the fence around the pool in their backyard, then a ten-year-old boy can't able to enter the pool area which ultimately results in no injury to the boy. But the Gregor family has denied putting the fence which makes the ten-year-old injured when he jumps into the pool area.

Therefore, the injured boy's family will sue the Gregor family for not putting a fence around the pool area.

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The possible answer choices are:
A. coverage
B. negligence
C. fraud
D. consideration

Now I'm going to bring up the definition of each word, I have found the law definition for negligence

Coverage: the extent to which something deals with or applies to something else.


(The law definition) Negligence: failure to use reasonable care, resulting in damage or injury to another.

Fraud: wrongful or criminal deception intended to result in financial or personal gain.

Consideration: careful thought, typically over a period of time.

Now the choice would be B: negligence because of the event that happened.

When a computer answers your phone call to a utility company and asks you to tell it why you are calling, that computer is using _____. natural language processing an explanation facility supervised learning a knowledge acquisition facility

Answers

A natural language is been used when a computer answers your phone call to a utility company.

What is natural language?

A natural language serves as human language which could be English which us different from constructed language or machine language.

Therefore, When a computer answers your phone call to a utility company , a natural language will be used instead of machine language.

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1. What is the effect on the Cash account when a company sells merchandise, but allows the customer to pay later?​

Answers

On the day the cash is received, the Cash account increases, and because of the double entry system, the asset account Accounts Receivable is decreased.

When the selling division in an internal transfer can sell every product at its market price, then the lowest acceptable transfer price as far as the selling division is concerned is: g

Answers

Answer:The Market Price charged to outside customers

Explanation:

When a pharmaceutical company places an ad in a home and garden magazine for its new arthritis drug, it is using a ________ strategy. Multiple Choice push direct marketing hook pull multichannel

Answers

Multichannel strategy is been used by a pharmaceutical company when she places an ad in a home and garden magazine.

What is multichannel strategy?

Multi-channel marketing serves as a marketing strategy which involves communicating with customers across multiple, independent channels.

This multichannel strategy. is used to inform potential customers about the company products.

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The small boxes in Figures A and B at the right arecongruent squares. The perimeter of Figure A is48 inches. What is the perimeter of Figure B?(The perimeter of a figure is the distance around it.)E Mr. Markum also orders sneakers for the girls' softballteam. He makes the table below. The mean size of thesneakers to the nearest tenth is 8.2. Complete the table. help please I'm so close to finishing schoolExplain in your own words in a paragraph of no less than 125 words what Jesus' message to Nicodemus was and what that message means. Use at least three Scripture verses to back up your answer. 1. To come to Him: "All that the Father giveth me shall come to me; and him that cometh to me I will in no wise cast out." (John 6:37)2. To receive Him: "But as many as received him, to them gave he power to become the sons of God, even to them that believe on his name." (John 1:12)3. To call upon Him: "For whosoever shall call upon the name of the Lord shall be saved." (Romans 10:13)4. To confess Him with the mouth: "For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation." (Romans 10:10)5. To commit oneself to and rely completely upon Him: "To Timothy, my dearly beloved son: Grace, mercy, and peace, from God the Father and Christ Jesus our Lord." (2 Timothy 1:12)6. To obey His Word: "And why call ye me, Lord, Lord, and do not the things which I say?" (Luke 6:46)pleaseeee help me Compared to private-sector workers, members of the full-time civilian federal workforce are ________ educated and ________ racially and ethnically diverse. How to make caramel out of sweetened condensed milk?. PLEASE HELP!! IM ON THE LAST QUESTIONNNN ( 30 points!) Surah took the advertising department from her company on a round trip to meet with a potential client. Including Sarah a total of 13 people took the trip. She was able to purchase coach tickets for $240 and firstclass tickets for $1180. She used her total budget for airfare for the trip, which was $11,580. How many first class tickets did the buy? How many coach tickets did she buy?Question 1.number of first class tickets bought - 2. Why do you think fascism is sometimes appealing to people? Why might they support fascistleaders? Anyone help me please One political impact of the Russian Revolution was----?F. Many people gained voting rights in theU.S.S.R.G. The new communist government withdrewRussia from WWIH.J.Lenin became the first Russian presidentRussia committed more resources to the wareffort Why was Earth Day planned for April 22?AApril 22 was Senator Nelson's birthday.BMost college students would be on spring break in April.CThe weather was likely to be warm and pleasant toward the end of April.DSenator Nelson didn't want his new holiday to compete with the 4th of July. 2. Use the correct form of estar. Ella _____ caminando en el parque.estamosO estO estn Lisa is buying a cover for her patio table. If the table is 5 feet on all sides, what is the area of the cover? Evaluate and simplify If a star has a large luminosity and also a low surface temperature then it must have:. What is a difference of squares that has a factor of x 8? x24 x216 x264 x2256 Cats and other nocturnal predators have a greater number of rod cells in their eyes compared to cone cells. What would you predict about the color vision of cats A retail business, owned by share holders and having centralized decision making for their multiple store locations is called: (D) How do you write 620as a percentage? The total cost for one year at the state university is $22,500. a student has the following help in covering the costs of school. an academic scholarship for $10,000. other scholarships and grants for $4,400. parents pay $1,800. what is the amount that the student will need to save every month in order to pay off the remaining costs in 10 months?