Marr Co. sells its products in reusable containers. The customer is charged a deposit for each container delivered and receives a refund for each container returned within two years after the year of delivery. Marr accounts for the containers not returned within the time limit as being retired by sale at the deposit amount. Information for 20X5 is as follows:Container deposits at December 31, 20X4 from deliveries in:20X3 $150,00020X4 430,000 $580,000Deposits for containers delivered in 20X5 780,000Deposits for containers returned in 20X5 from deliveries in:20X3 $ 90,00020X4 250,00020X5 286,000 626,000In Marr's December 31, 20X5 balance sheet, the liability for deposits on returnable containers should beA. $494,000B. $584,000C. $674,000D. $734,000

C. $674,000

Explanation:

The answer is calculated as :

Deposits for containers delivered in 20X5 + Deposits for containers returned in 20X5 - Deposits for containers returned in 20X5 from deliveries in 20X5 - Sales credited = The liability for deposits on returnable containers.

$580,000 + $780,000 - $626,000 -$60,000 = $674,000

Customers from 20X3 still hold some containers $150,000 - $90,000 = $60,000 which is the sales credited as the two year refund warranty is expired.

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.