Answer:
$4
$1
$3
False
Explanation:
Tax on a case of beer = amount consumers pay after the tax has been levied - amount producers receive = $7 - $3 = $4
Burden of tax on consumers = amount consumers pay after the tax has been levied - amount consumers pay before tax was levied = $7 - $6 = $1
Burden of tax on producers = Tax charged - Burden of tax on consumers = $4 - $1 = $3
Answer:
Dividend paid = $0.64 x 158,000 = $101,120. The dividend paid reduces retained earnings by $101,120.
The correct answer is C
Explanation:
Dividend is paid out of profit after tax. This reduces the retained earnings of the company since dividend involves outflow of cash.
C . mUCOUS mEMBRANE
./..........................
Answer:
$317,000 debit balance
Explanation :
Frederic Manufacturing final balance in the Cost of Goods Sold account:
Cost of Job C 62 158,000
Cost of Job C 63 183,000
Less manufacturing overhead over allocated to production (24,000)
Cost of goods sold 317,000
158,000+183,000
=341,000-24,000
=$317,000
Answer:
When the price of goods and services rises, inflation happens; when the price of goods and services falls, deflation occurs. The delicate balance between these two economic circumstances, which are opposite sides of the same coin, is difficult to maintain, and an economy can quickly shift from one to the other.
A recession occurs when the Gross Domestic Product falls for two consecutive quarters, resulting in a reduction in overall economic activity. Inflation, on the other hand, is the rise in the price of goods and services over time in a given economy.
