You have been hired as an economic advisor for a politician running for national office. the politician, at a recent campaign event, said that corporations are paying too much in taxes and are funding most of the federal government’s operations. when you speak to the politician after the event, what would you say?

"i can’t believe you said that! everyone knows that taxes on cigarettes and alcohol (excise taxes) represent the largest source of tax revenue for the federal government."

"good job! you will win this election based on your sound economic knowledge."

"we have a great deal of work to do. on the news tonight i predict there will be an expert correcting you and questioning why anyone would vote for you. individuals, through income tax and social insurance taxes, provide the bulk of government revenue."

"so close! maybe no one will catch your error. corporate and estate taxes are about equal and are tied for the largest sources of tax revenue."

"everyone knows that taxes on

Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

En major recording acts are able to play at the stadium. if the average profit margin for a concert is $175,000, how much would the stadium clear for all of these events combined?