Joe's working rate = 1/16 per hour
Joe's working rate = 1/22 per hour
Let t = hours spent when working together.
Then
t = 1/(1/16 + 1/22)
= 1/(0.0625 + 0.0455)
= 9.263 hours
= 9 hours + 0.263*60 min
t = 9 hours, 16 minutes
Answer: 9 hours, 16 minutes
Answer:
Depreciation Expense=$7800
Explanation:
Step 1:
Calculate Net Income:
Net Income=Retained Earnings + Dividends
Net Income=$6250+$2200
Net Income=$8450
Step 2:
Calculate earnings before tax:
Earnings before tax=Net Income/(1-Tax Rate)
Earnings before tax=$8450/(1-0.35)
Earnings before tax=$13000
Step 3:
Depreciation Expense=Sales-Costs-Interest expense-Earnings before tax
Depreciation Expense=$48,000- $22,400-$4,800-$13000
Depreciation Expense=$7800
The amount of sin tax that will be paid by all of the mentioned parties will depend per country. In fact, in the US, sin tax may even differ per state so the price of consumers and producers will already factor in the percentage of sin tax that they will pay. As to why it will most likely not reduce the consumption, this is because these vices are generally addictive and already serve as habits for some people. Because of this, people will most likely not decrease their consumption significantly since they continuously look for it. In fact, they will be willing to pay more to get it.
C. Merit-based is the correct answer (APEX)
They are both correct in this scenario. There are many ways that the oil can be distributed depending on how the company delivers the oil and systems. Engines are built differently depending on the specific needs, vehicles, operating systems.