A tax that is effectively a sales tax at each stage of production is defined as a value-added tax.
Answer:
Variable cost per unit = $15 per unit
Explanation:
given data
May produced = 4,000 units
May total cost = $110,000
November produced = 2,500 units
November total cost = $87,500
solution
we get here Variable cost per unit as per high-low method that is express as
Variable cost per unit = (Highest cost - Lowest cost) ÷ ( Highest quantity produced - Lowest quantity produced) ....................1
put here value and we will get
Variable cost per unit =
Variable cost per unit = $15 per unit
Question Completion:
A. if college administrators raised the tuition with no change in supply, a surplus of college places would be created at the higher tuition, and the tuition would start to fall
B. the law of demand does not hold
C. more than 4,500 public and private 2-year and 4-year schools supply college education services
D. an increase in demand raises the tuition and increases the enrollment, which accurately describes the market for college education
Answer:
We can be confident that the market for college education is competitive and that an increase in demand rather than the greed of college administrators is the reason for the ongoing rise in tuition for all of the following reasons except _______.
B. the law of demand does not hold
Explanation:
The law of demand implies that the price of a good or service responds to the level of demand. In other words, higher demand increases the price, while lower demand reduces the price. This implies that without the higher demand for college education, college administrators will not be able to sustain an increase in tuition. Therefore, an increase in the demand for college education will lead to increased enrollment, which spurs college administrators to raise tuition.
They should work on structure and how it all comes together
Answer:
The first 3 transactions only.
Explanation:
Accrual basis of accounting requires that expenses and revenue are recognized in the books as soon as they are incurred and earned respectively.
The cash basis required that transactions of expenses and revenue be recognized only when cash has been paid and received respectively.
Considering the transactions using cash-basis accounting,
1. Pay employees' salaries for the current period- Yes an expense will be recognized.
2. Pay rent in advance - Yes an expense will be recognized for the full amount paid.
3. Pay dividends to stockholders in the current period - Yes an expense will be recognized for the full amount paid.
4. Receive (but do not pay) a utility bill - No, this will be recognized when cash is paid
5. Use supplies previously purchased - This would have been recognized previously. No