Forty-two percent of federal revenue comes from . income taxes paid by businesses and corporations make up about of federal revenue. taxes collected for social security and medicare make up of federal revenue.

Which of the following accurately describes one way that individual goods differ from public goods? a. people can be excluded from using individual goods if they don't pay. b. all individual goods are normal goods. c. demand for individual goods is always inelastic. d. consumer rivalry results in decreasing marginal utility for individual goods.2b2t

Nice corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 250 100 % variable expenses 50 20 % contribution margin $ 200 80 % fixed expenses are $170,000 per month. the company is currently selling 1,600 units per month. required: management is considering using a new component that would increase the unit variable cost by $35. since the new component would improve the company's product, the marketing manager predicts that monthly sales would increase by 300 units. what should be the overall effect on the company's monthly net operating income of this change if fixed expenses are unaffected?

Lane company manufactures a single product and applies overhead cost to that product using standard direct labor-hours. the budgeted variable manufacturing overhead is $2 per direct labor-hour and the budgeted fixed manufacturing overhead is $480,000 per year. the standard quantity of materials is 3 pounds per unit and the standard cost is $7 per pound. the standard direct labor-hours per unit is 1.5 hours and the standard labor rate is $12 per hour. the company planned to operate at a denominator activity level of 60,000 direct labor-hours and to produce 40,000 units of product during the most recent year. actual activity and costs for the year were as follows: