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2 years ago

Suppose the government in your city imposes a $0.50 excise tax on gasoline. the burden of this tax falls on:_____.

1 answer:

4 0

Let's say that gasoline is subject to a $0.50 excise tax in your city. This tax affects both buyers and sellers equally.

Depending on the elasticity of demand and supply, a tax's burden is split between purchasers and sellers. Depending on their alternatives, buyers' and sellers' desire to exit the market is represented by elasticity. The relationship between supply and demand price elasticity and tax incidence is also possible. The tax burden is placed on the purchasers when supply is more elastic than demand. The cost of the tax will be borne by the producers if demand is more elastic than supply.

Learn more about the burden of this tax here.

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The Attaran Corporation manufactures two electrical products: portable air conditioners and portable heaters. The assembly proc

Wittaler [7]

Answer:

Number of air conditioners to be produced = 40

Optimal solution value = $1,900

Explanation:

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3 years ago

A company received 500 applications for a specific position.30 were given an assignment test. Only 15 were invited to an intervi

morpeh [17]

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3 years ago

You want a seat on the board of directors of Red Cow, Inc. The company has 210,000 shares of stock outstanding and the stock sel

nadya68 [22]

Answer:

It will cost $3,528,084 to guarantee that you will be elected to the board

Explanation:

We will use following formula to calculate the share to be controlled for guarantee.

Shares to be controlled = [ ( S x N ) / ( D + 1 ) ] + 1

Where

S = Numbers of shares = 210,000 shares

N = Numbers of directors to be appointed = 1

D = Total number of directors to be elected = 4

Placing values in the formula

Shares to be controlled = [ ( 210,000 x 1 ) / ( 4 + 1 ) ] + 1

Shares to be controlled = [ 210,000 / 5 ] + 1

Shares to be controlled = 42,000 shares + 1 share

Shares to be controlled = 42,001 shares

Selling Price per share = $84

Total Cost = 42,001 x $84 = $3,528,084

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3 years ago

A manufacturer produces hacksaw blades. recently, the manufacturer has decided to enhance its product line and offer band blades

ikadub [295]

Answer: The options are given below:

A. $20,000 $40,000

B. 20,000 $10,000

C. $160,000 $170,000

D. $190,000 $170,000

The correct option is D. $190,000 $170,000

Explanation:

The incremental cost of making the band blades is calculated as follows:

=> $30,000 forgone profit contribution

$10,000 avoidable fixed manufacturing overhead

$100,000 direct material and labor

$50,000 variable manufacturing overhead

= $190,000

While The incremental cost of purchasing the band blades is the $170,000 outside purchase cost.

Therefore, we have:

$190,000 $170,000. Option D

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3 years ago

When a petty cash fund is in use: Multiple Choice Petty Cash is debited when funds are replenished. Petty Cash is credited when

hammer [34]

Answer:

The most suitable.answer is Expenses paid with petty cash are recorded when the fund is replenished.

Explanation:

Petty cash system is a system that intends to control.and record.minor cash transactions of a firm. It also acts as a controlling mechanism against fraud and other misconducts.

The petty cash is reimbursed at an amount that was spent by the firm in the given period. This reduces the cash waistage..

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3 years ago