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3 years ago

What is considered sin tax?

Business

1 answer:

gayaneshka [121]3 years ago

7 0

Definition:

Tax imposed by the government on the things which are harmful for the human health is termed as Sin Tax. For example, Tobacco products, drugs, cola drinks, gambling, fast food items etc.

Why it is mainly imposed:

It is imposed to increase the prices of the above given harmful products which consequently, might can be helpful in decreasing their consumption.

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The inventory data for an item for November are:

Katen [24]

Answer:

USING LIFO METHOD

Nov 1 Opening inventory 20 [email protected]$19 = 380

Nov 4 Sales 10 [email protected]$19 = (190)

Nov 10 Purchases 30 [email protected]$20 = 600

Nov 17 Sales 20 [email protected]$20 = (400)

Nov 30 Purchases 10 [email protected]$21 = <u>210</u>

Cost of merchandise sold <u> 600 </u>

The correct answer is B

Explanation:

In LIFO method of inventory valuation, most recent stocks are issued first. For instance, sales of 10 units in November 4 will be issued from the November 1 opening inventory and valued at the price of opening inventory.November 17 sales will be issued from November 10 purchases and valued at the price of November 10 purchases.

8 0

3 years ago

Mercedes-Benz runs a TV commercial advertisement that displays one of its top-of-the-line cars. As the driver pulls up to a vale

asambeis [7]

Answer:

esteem

Explanation:

esteem

8 0

3 years ago

From this partial advertisement: Used car $93.38 per month for 60 months Cash price $4,200 Down payment $50 a. Calculate the amo

ludmilkaskok [199]

Answer: The answer is as follows:

Explanation:

Given that,

Used car $93.38 per month for 60 months

Cash price = $4,200

Down payment = $50

(a) Amount Financed = Total Value (Cash Price) - Down Payment

= 4200 - 50

= $4150

(b) Finance Charge = Total payments - Amount Financed

= 93.38 × 60 - 4150

= 5602.8 - 4150

= $1452.8

= 50 + 5602.8

= $5652.8

8 0

2 years ago

Which financial transaction is associated with the home rental process?

Bezzdna [24]

During a home rental process you must place a security deposit down in order to rent the home. You also sometimes will have to pay a couple months rent in advance.

3 0

3 years ago

Read 2 more answers

On January 1, an investment account is worth 50,000. On May 1, the value has increased to 52,000 and 8,000 of new principal is d

Evgesh-ka [11]

The question is incomplete. The complete question is :

On January 1, an investment account is worth 50,000. On May 1, the value has increased to 52,000 and 8,000 of new principal is deposited. At time t, in years, (4/12 < t < 1) the value of the fund has increased to 62,000 and 10,000 is withdrawn. On January 1 of the next year, the investment account is worth 55,000. The approximate dollar-weighted rate of return (using the simple interest approximation) is equal to the time-weighted rate of return for the year. Calculate t.

Solution :

It is given that :

Worth of investment account on 1st Jan = 50,000

Worth of investment account on 1st Jan next year = 55,000

New principal deposited = 8000

Therefore the interest earned = 55,000 - 50,000 - 8,000 + 10,000

= 7,000

Therefore,

$\frac{7000}{\frac{50000+16000}{3-10000(1-t)}}= \frac{52}{50} \frac{62}{60} \frac{55}{52} - 1$

= 0.13667

7000 = 0.13667(55,333.33 - 10000 + 10000t)

$t=\frac{7000-0.13667(45333.33)}{1366.7}$

= 0.5885

Thus, time - weighted rate of the return = 0.5885

4 0

2 years ago