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gogolik [260]
3 years ago
6

Consumer A and Consumer B live in the same state where a sales taxes increase of 1% on all items has been enacted Consumer A has

an income of $50,000 per year and Consumer B has an income of \$250,000 per year. Choose all scenarios that correctly describe the effects of the sales tax increase on Consumer A versus Consumer B.
Business
2 answers:
mel-nik [20]3 years ago
8 0

Customer A would be much worse off as a result of the sales rate increase than Customer B.

Customer B will face fewer negative opportunity costs as a result of the sales raising taxes than Consumer A.

Customer A sales tax rate <u>rises </u>of 2% on a $10,000 car buy equals 2% of Consumer A's income, but only 4% of Consumer B's revenue.

Learn more:

brainly.com/question/19715580?referrer=searchResults

nikitadnepr [17]3 years ago
5 0

Answer:

A,C, and E

Explanation:

usa test prep

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4) C) software that requires a high annual subscription whether you want the updates or not

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Fabrication, Inc, makes steel forms that are substandard. Geo Manufacturing Company has never bought or used a Fabrication form,
jok3333 [9.3K]

Answer:

C) standing to sue

Explanation:

standing to sue -

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The movement of electricity is called: A. Amperage B. Current C. Voltage
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3 years ago
Given direct material cost of $10, direct labor cost of $15, direct-labor based overhead of $12 and Activity-Based Costing overh
Serga [27]

Answer:

<em>Total cost of product using the Activity-Based costing</em>

Particulars                                Amount

Material cost                                $10

Labor cost                                    $15

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5 0
3 years ago
Satchel Inc purchases 10,000 shares of its own previously issued $10 par common stock for $290,000. Assuming the shares are held
BaLLatris [955]

Answer:

a. No effect

b. Decreases in total asset

c. No effect

d. Decreases in total stockholder equity

Explanation:

Given that

Number of shares purchased = 10,000 shares

Par value = $10

Common stock = $290,000

By using the above information, we can interpret that

a. There is no effect on the net income

b. The total asset is decreased by $290,000 as it reduces the cash balance for $290,000

c. There is no effect on the total paid-in-capital

d. Total stockholder equity is decreased by  $290,000

We assume that treasury stock is accounted for using the cash method

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3 years ago
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