Refer to Scenario 9

question 33

Multiple Choice

Refer to Scenario 9.8 below to answer the question(s) that follow.
SCENARIO 9.8: Investors put up $1,040,000 to construct a building and purchase all equipment for a new gourmet cupcake bakery. The investors expect to earn a minimum return of 10 per cent on their investment. The bakery is open 52 weeks per year and sells 900 cupcakes per week. The fixed costs are spread over the 52 weeks (i.e. prorated weekly) . Included in the fixed costs is the 10% return to the investors and $2,000 in other fixed costs. Variable costs include $2,000 in weekly wages, and $600 per week in materials, electricity, etc. The bakery charges $8 on average per cupcake.
-Refer to Scenario 9.8. Total revenue per week is

Appreciate the role of discussing confidentiality and establishing trust in therapy and support groups.

Evaluate the importance of addressing and promoting pro-social behaviors within group settings.

Understand the fundamental difference between strategy and tactics.

Identify the primary goal in the use of the strategy of accommodation in negotiations.

Definitions:

Marginal Tax Rate

The rate at which your last dollar of income is taxed, indicating the tax rate applied to the next dollar of taxable income.

Excise Tax

Excise tax is a specific type of tax imposed on certain goods, services, and activities, often included in the price of products like tobacco, alcohol, and gasoline.

Regressive Tax

A tax system where the tax rate decreases as the taxable amount increases, putting a higher relative burden on lower-income earners.

Direct Tax

A tax directly paid to the government by the individual or organization upon whom it is imposed, such as income tax.