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2 years ago

If new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would:_____.

1 answer:

7 0

If new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would decrease the demand of the soft-drink beverages.

Given that new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup.

We are required to find the effect of 50% tax on soft-drink beverages that contain sugar or high-fructose corn syrup.

When 50% tax is imposed on soft-drink beverages then it will increase the price of soft drink beverages, which will decrease the demand of soft drink beverages because now the drink become costly for the customers to buy.

Suppose the initial price of 1 soft drink is $100.

Now tax is applied so tax would be 100*50%=50

Price after tax=100+50

=$150

Now consumers have to pay $150 for 1 drink in place of $100.

Hence if new york city imposed a 50 percent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would decrease the demand of the soft-drink beverages.

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In a command economy:_______

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Answer:

Option d

Explanation:

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A command economy refers to the mechanism in which the government determines what products should be manufactured, how much should be manufactured and the value at which the products are offered for sale, rather than the free market.

Thus, from the above we can conclude that the correct option is D.

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3 years ago

Ramses Corporation produces a product that passes through two processes. During April, the first department transferred 19,000 u

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Answer: See explanation

Explanation:

A. The number of units started in the second department during April will be the number of units that is transferred in from the first department. This will be

= 19000 units

B. The number of units completed in the second department during April will be:

= Beginning units + Started Unit - Ending units

= 4000 + 19000 - 5500

= 17500 units

C. The number of units started and completed in the second department during April will be:

= Completed units - units in beginning WIP

= 17500 – 4000

= 13500 units.

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3 years ago

Tom transfers a building that originally cost $40,000 to Paul Corp. in exchange for 100% of the corporation's stock. the adjuste

Korolek [52]

Answer:

Gain recognized by Tom is $10000

So option (b) will be correct answer

Explanation :

We have given liability on bulding assumed by Paul Corp = $30,000

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So gain recognized by Tom = $30,000 - $20,000 = $10,000

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3 years ago

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kirza4 [7]

Germany, Austria-Hungary, Ottoman Empire and Bulgaria.

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3 years ago

Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adorn

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Answer and Explanation:

The computation is shown below:

Direct Material Price Variance = Actual material cost - Actual Quantity × Standard Price

For Silver

= $13848 - 577 × 23

= $577 (U)

For Crystal

= $2926 - 7700 × 0.40

= $154 (F)

Direct Material Quantity Variance = (Actual Quantity - Standard Quantity) × Standard Price

For Silver

= (577 - 1530 × 0.40) × 23

= $805 (F)

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= (7700 - 1530 × 5) × 0.40

= $20 (U)

Direct Labor Rate Variance = Actual Cost - Actual Hours × Standard Rate

= $36915 - 3210 × 12

= $1605 (F)

And,

Direct Labor efficiency Variance = (Actual hours - Standard hours) × Standard Rate

= (3210 - 1530 × 2) × 12

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3 years ago