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mr Goodwill [35]
3 years ago
13

The government imposes a $2.50 per-unit tax on the production of good x. as a result the

Business
1 answer:
Anarel [89]3 years ago
3 0
<span>Two events will occur. First, the quantity supplied of the good will decrease as there is less revenue to spend on the overall creation of good "x". Second, there will be a rise in the price of good "x" when it is sold to the consumer as a way of offsetting these taxes and other costs.</span>
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What percentage of new businesses fail in the first year a 75% B 25% C 40% D 60%
rosijanka [135]
75 it depends on the persons background with education .
3 0
3 years ago
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Donald operates an accounting firm and has an annual summer party for the employees and their families. He believes the party be
Vsevolod [243]

Answer:

$6000

Explanation:

Accordingly, the costs associated with throwing a party for employees and their families (spouses and significant others) are fully deductible (100%) as long as the party is hosted primarily for the employees. In this case, the party is for the employees as it is seen to benefits them, thus, total cost Donald can deduct equals cost of beverages and food plus cost of band,

That is,

= 5500 + 500

=$6000

5 0
3 years ago
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John owns 500 shares of stock in Catawba Box, Inc. The company has recently announced the results for the quarter. The company e
frutty [35]

Answer: Is not taxed

Explanation: John owns 500 shares of stock in Catawba Box, Inc. He is the share holder of the company . An equity shareholder is the owner of the company. But for a big public limited company, they raise funds by going public and issuing shares to the public in small tranche. The profit earned by the company is taxable for the company while it is not taxed to the owners or the shareholders of the company as a company is a separate legal entity.

6 0
3 years ago
Determining Net Cash Flow from Operating Activities: Burch Company reported the following items in its balance sheet and income
Tanya [424]

Answer:

$9,000

Explanation:

The cash flow statement is the financial statement where the cash flows from the various activities of a business are recorded. These activities include Operating, Investing and Financing. The statement may be shown using gthe direct or indirect method.

The operating activities include the changes to current assets and liabilities. Increases in assets (apart from cash) represents an out flow of cash while increases in liability represents and in flow of cash and vice versa.

The net cash flows from operating activities using the indirect method

= -5000 - 20,000  + 10,000 + 25,000 - 1,000 (all amounts in $)

= $9,000

This represents a net inflow.

3 0
3 years ago
Oaktree Company purchased new equipment and made the following expenditures:
const2013 [10]

Answer:

                                  Cr.          Dr.

Equipment            $66,880

Account Payable                  $62,600

Cash                                      $4,280

Explanation:

All the costs incurred to make asset usable should be capitalised.

Equipment Cost = Purchase Price + Sales Tax + Freight Charges + Insurance Charges + Installation

Equipment Cost = $59,000 + $3,600 + $840 + $1,040 + $2,400

Equipment Cost = $66,880

4 0
3 years ago
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