Answer:
increase by $800
Explanation:
if taxes decrease by 200 then
GPD x tax multipler = net impact on GDP
the tax multiplier is calculated as follows:
multiplier = 4
tax variation x multiplier
200 x 4 = 800
As the taxes decreases the effect on the GDP is positive.
Answer:
49 days
Explanation:
Account receivable turnover ratio = Net credit sales / Accounts receivable
Account receivable turnover ratio = $602,000 / $79,922
Account receivable turnover ratio = 7.53
Average collection period = 365/7.53
Average collection period = 48.47277556440903
Average collection period = 49
Thus, firm’s sales uncollected for year is 49 days.
Answer:
The dead-weight loss from the tax is $2,250
Explanation:
Free market equilibrium price is P1
Total social economic benefit is the sum of:
- consumer surplus (area below demand curve and above price line P1) and
- producer surplus (area above supply curve and below P1)
When tax is imposed, quantity is reduced, price increased to P2 for consumer, P0 for supplier.
The part of the loss from consumer and producer surplus is compensated with the revenue from tax.
The other part (red triangle) is the dead-weight loss. Its amount is given by the area of the triangle with:
- base length being the tax amount ($15/unit) and
- height being the reduced quantity (300 units)
S = 
Answer:
The vehicle are registered with the license plates to identify the owner of the vehicle. For the smog check her certificate will be labelled as smog certificate.
Explanation:
Heide went for renewing the vehicle certificate. She went for smog test and received a smog certificate for her car. She can now add this certificate with her renewal form for further processing. New registration and tag will be provided to her once she is done with all the pre requisites of the renewal process.
