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2 years ago

If the government imposes a per-unit tax on sales of an industry's product, then we would expect

1 answer:

3 0

If the government imposes a per-unit tax on sales of an industry's product, then we would expect an increase in the prices of such a commodity and a corresponding drop in demand for it if the product's demand is elastic.

Thus, it is right to state that If the government imposes a per-unit tax on sales of an industry's product, then we would expect an increase in the prices of such a commodity and a corresponding drop in demand for it if the product's demand is elastic.

There could also be a drop in the sales or supply of such products all things being equal.

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Pine Creek Company completed 200,000 units during the year at a cost of $3,000,000. The beginning finished goods inventory was 2

solniwko [45]

The cost of goods sold for 210,000 units using a FIFO cost flow for Pine Creek Company during the year is $3,085,000.

FIFO means First-in, First-out.

The FIFO cost flow method is an accounting technique to determine the cost of goods sold and ending inventory based on the assumption that goods produced first are the first to be sold.

The FIFO method is the opposite of the Last-in, First-out (LIFO) method.

<h3>Data and Calculations:</h3>

Number of units produced = 200,000 units

Cost of production = $3 million

Unit cost of production = $15 ($3,000,000/200,000)

Beginning finished goods inventory = 25,000 units

Cost of Beginning inventory = $310,000

Cost of goods sold = $3,085,000 ($310,000 + $15 x 185,000)

Thus, the cost of goods sold for 210,000 units using a FIFO cost flow for Pine Creek Company during the year is $3,085,000.

Learn more about the FIFO Cost Flow Method at brainly.com/question/19167666

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3 0

1 year ago

Suppose the price of a gallon of ice cream rises from $4 to $5, and the price of a can of coffee rises from $2 to $2.50. If the

ExtremeBDS [4]

Answer:

a. less ice cream, less coffee

Explanation:

The percentage change in CPI is given by:

$\%CPI = \frac{177-150}{150}=0.18$

The percentage change in the prices of coffee and ice cream, respectively, are:

$\%C = \frac{5-4}{4}=0.25\\\%I = \frac{2.50-2.00}{2.00}=0.25$

Both coffee and ice cream had an increase in price above the CPI increase, which means that both goods are being sold above the equilibrium price and thus their demand is likely to fall.

People likely will buy less ice cream, less coffee

4 0

3 years ago

Expound on the different forms of elasticities of supply

chubhunter [2.5K]

Answer:

The price elasticity of supply is the percentage change in quantity supplied divided by the percentage change in price. Elasticities can be usefully divided into five broad categories: perfectly elastic, elastic, perfectly inelastic, inelastic, and unitary.

Explanation:

8 0

2 years ago

A couple has decided to increase their income from investments for when they retire in twenty years. Which is the best way they

algol13

Answer:

to enroll in a 401k and investing in the stock market.

Explanation:

According to my research on investment strategies, I can say that based on the information provided within the question their best options to accomplish their goal would be to enroll in a 401k and investing in the stock market. The 401K is a retirement fund that grows over years and the stock market also provides a decent ROI for your money, especially stocks like the S&P 500 which are the safest options and grow steadily over years.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0

3 years ago

Read 2 more answers

The 10 million U.S. residents with the highest SES (and the best health care) outlive the 10 million with the lowest SES who liv

mamaluj [8]

The 10 million U.S. residents with the highest SES outlive the 10 million with the lowest SES who live in rundown areas by about <u>30</u> years.

<h3>What is socioeconomic status (SES)?</h3>

Socioeconomic status can be defined as the status of people in a society or community as based on the followings:

Income
Occupation
Education

In the United State of America people who are educated and earn higher income including having the best health care tend to live longer compare to those who live in a very poor condition and has a lowest SES.

Inconclusion 10 million U.S. residents with the highest SES outlive the 10 million with the lowest SES who live in rundown areas by about <u>30</u> years.

Learn more about socioeconomic status here:brainly.com/question/3867614

7 0

2 years ago