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arlik [135]
3 years ago
15

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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Blythe Industries reports the following account balances: inventory of $417,600, equipment of $2,028,300, accounts payable of $2
aleksley [76]

Answer:

$783,400

Explanation:

The total assets comprise of current assets, fixed assets ,and the intangible assets

The current assets include cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.  

So, the amount of the current assets is shown below:

= Inventory + cash + account receivable

= $417,600 + $51,900 + $313,900

= $783,400

The account payable is a current liabilities, Hence, we do not considered for the computation part

6 0
3 years ago
The real wages of workers will tend to be high when
DIA [1.3K]

Answer:

When labor productivity is high.

Explanation:

According to neoclassical economic theory, real wages are equal to the marginal product of labor (MLP). The marginal product of labor is the extra output produced by one extra unit of labor (one extra worker).

If the MPL is high, this means that workers are very productive, and therefore, are paid a high real wage accordingly.

This is why countries with high labor productivity like the U.S. or Switzerland also have very high real wages.

6 0
3 years ago
Laughlin, Inc., uses a standard costing system. The predetermined overhead rates are calculated using practical capacity. Practi
Murrr4er [49]

Answer:

(1) $5,300 F; $30,000

(2) $77,800 U; $22,500 U

Explanation:

1. Fixed Overhead Spending variance:

= Budgeted Fixed Overhead - Actual Fixed Overhead

= 300,000 -294,700

= $5,300 Favorable

Fixed Overhead Volume variance:

= (Standard Output -Actual Output ) × Fixed Overhead absorption rate per unit of output

= (1,000,000 - 900,000) × (300,000 ÷ 1,000,000)

= 30,000 Unfavorable

2. Actual Hours = 190,000

Actual variable Overhead = 800,000 -294,700

                                           = 505,300

Standard variable Overhead rate = (750,000 - 300,000) ÷ 200,000

                                                       = 2.25

Variable Overhead Spending Variance:

= (Actual hours × Standard variable overhead rate per hour) - Actual manufacturing overhead

= (190,000 × 2.25) - 505,300

= 77,800 unfavorable

Variable overhead Efficiency variance:

= (Standard Hour - Actual Hour) × Standard variable Overhead rate

= [(200,000 ÷ 1,000,000) × 900000 - 190,000] × 2.25

= $22,500 Unfavorable

3. The Journal entries are as follows:

WIP inventory A/C                               Dr.  $727,500

To Fixed manufacturing Overhead                            $300,000

To Variable manufacturing Overhead                       $427,500

(To record fixed and variable manufacturing overhead)

Workings:

Variable manufacturing Overhead = 190,000 × 2.25

                                                         = $427,500

Fixed manufacturing Overhead A/c    Dr. $5,300

WIP Inventory A/C                                 Dr. $72,500

To Variable manufacturing Overhead                         $77,800

(To record Closing out overhead variances)

3 0
3 years ago
Firm Y has issued 500 million shares of stock at $1 par value and $200 millino in additional paid in capital. Retained earnings
aniked [119]

Answer:

Return on equity = 17.46%

Explanation:

DATA:

Issued share capital = $500m

Additional Paid-in capital = $200 million

Retained Earnings = $5.6 billion

Net Income = $1.1 billion

Return on Equity = ?

Solution

Return on equity can be calculated by dividing net income in total shareholder's equity

NOTE: ALL THE WORKINGS ARE IN 1000's

Return on equity = Net Income / Shareholder's Equity

Return on equity = 1,100,000 / (500,000 + 200,000 +5,600,000)

Return on equity = $1,100,000/6,300,000

Return on equity = 17.46%

4 0
3 years ago
Business <br> 12 questions please help!!
erma4kov [3.2K]

Answer:

Fill in the blanks

Explanation:

8 0
3 years ago
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