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Bess [88]
3 years ago
6

Assuming a normal upward-sloping supply curve and a normal downward-sloping demand curve, if the government imposes a $5 excise

tax on leather shoes and collects the tax from the suppliers, the price of leather shoes to consumers will:
A. increase by more than $5.
B. increase by $5 increase.
C. increase by less than $5.
D. but we cannot determine by how much.
Business
1 answer:
emmainna [20.7K]3 years ago
3 0
ANSWER:

The answer is b

EXPLANATION:
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he management accountant for​ Giada's Book Store has prepared the following income statement for the most current​ year: Cookboo
dlinn [17]

Answer:

Giada's Book Store

The company would have reported a total profit of $19,000, which is $10,000 less.

Explanation:

a) Data and Calculations:

Income statement for the most current​ year:

                                               Cookbook  Travel Book    Classics   Total

Sales                                        $68,000  $126,000  $53,000  $247,000

Cost of goods sold                    40,000     66,000     21,000     127,000

Contribution margin                  28,000     60,000    32,000     120,000

Order and delivery processing 21,000     24,000      11,000       56,000

Rent​ (per sq. foot​ used)              2,000       5,000      4,000         11,000

Allocated corporate costs          8,000        8,000      8,000       24,000 Corporate profit                     ​$​ (3,000​)  $23,000    $9,000     $29,000

Corporate profit =                     $29,000

less allocated cookbook costs   10,000

Adjusted corporate profit =      $19,000

b) Discontinuing the Cookbook product line would have eliminated the contribution the product line makes to defraying Rent and Allocated Corporate costs totalling $10,000 unless the Rental space was a variable cost.

4 0
3 years ago
What message is this price tag telling shoppers? (other than it is on sale)
KatRina [158]
It is saying that it was $9 and it was then marked down on sale for 7:00. The tag is also telling you the size.
3 0
2 years ago
Which jobs would be included in the Marketing, Sales, and Service career cluster?
Alinara [238K]

Answer:

Survey Researcher

Public Relations Specialist

Telemarketer

Purchasing Manager

Explanation:

I just got this answer correct on my online exam.

7 0
3 years ago
Suppose the dollar interest rate and the pound sterling interest rate are the same, 5 percent per year. What is the relation bet
Len [333]

Answer:

1.6

Explanation:

Please see attachment .

Download pdf
8 0
3 years ago
Diane's Designs purchased a one-year liability insurance policy on March 1 of a year for $8,400 and recorded it as a prepaid exp
Liula [17]

Answer:

$700 (not given in the options)

Explanation:

When the policy is purchased with a payment made in advance, the entries recorded are

Debit prepaid insurance  $8,400

Credit Cash account         $8,400

After the first month, the expense incurred is

= 1/12 × $8,400

= $700

Entries then required

Debit Insurance expense   $700

Credit Prepaid Insurance    $700

5 0
3 years ago
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