Record transactions and adjustments The transactions and adjustments related to the second month of operations of Zoe Amelia Corp. were as follows:.
A. Paid wages that had been accrued at the end of the prior month.
B. Collected accounts receivable from sales recorded in the prior month.
C. Paid accounts payable owed for purchases made in the prior month.
D. Borrowed cash from a local bank on a short-term promissory note.
E. Purchased merchandise inventory for cash.
F. Incurred and paid utilities expe

5. understanding marginal and average tax rates consider the economy of citronia, where citizens consume only oranges. assume that oranges are priced at $1 each. the government has devised the following tax plans: plan a • consumption up to 1,000 oranges is taxed at 50%. • consumption higher than 1,000 oranges is taxed at 20%. plan b • consumption up to 2,000 oranges is taxed at 15%. • consumption higher than 2,000 oranges is taxed at 60%. use the plan a and plan b tax schemes to complete the following table by deriving the marginal and average tax rates under each tax plan at the consumption levels of 300 oranges, 1,200 oranges, and 3,000 oranges, respectively. consumption level plan a plan b (quantity of oranges) marginal tax rate average tax rate marginal tax rate average tax rate (percent) (percent) (percent) (percent) 300 1,200 3,000 complete the following table by indicating whether each plan is a progressive tax system, a proportional tax system, or a regressive tax system. progressive proportional regressive plan a plan b