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Phantasy [73]
3 years ago
12

When a tax is levied on sellers of tea,a.the well-being of both sellers and buyers of tea is unaffected.b.sellers of tea are mad

e worse off, and the well-being of buyers is unaffected.c.sellers of tea are made worse off, and buyers of tea are made better off.d.both sellers and buyers of tea are made worse off.
Business
1 answer:
andriy [413]3 years ago
6 0

Answer:

a.the well-being of both sellers and buyers of tea is unaffected

Explanation:

  • The service tax that is levied n the sellers and the buyers of the tea or coffee, suggests that the tax is an essential component of the economy as the govt introduces the monetary and fiscal terms of credit into the market they tend to create a base for the economic growth and prosperity of the nation in which the citizens have an equal role to play.
  • The tax rate on the tea will burden the buyer but in the long run, it will be beneficial to the trader and the community at large, hence this type of fines ae take other developmental purposes. As both the parties have to pay the taxes so it does not hold for any one side.
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Bates Company currently produces and sells 4,000 units of a product that has a contribution margin of $5 per unit. The company s
JulijaS [17]

Answer:

1,875 units.

Explanation:

Break-even is the point where a company neither generate profit not make loss, or we can say that it the sales at which the operating profit will be zero. It can be calculated for sales volume as-well-as dollar sales. Let's prepare a contribution income statement to calculate the break-even sales in quantity. We know that:

               EBIT / Operating Profit = (SP * Q) - (VC * Q) - Fixed Cost

where

SP = Selling Price

Q = Quantity / Units

VC = Variable cost

As it is understood that the operating profit at break-even is zero, simply put it in the above contribution income statements along with other figures given in the question.

⇒ 0 = (20 * Q) - (12 * Q) - 15,000

OR 15,000 / (20 - 12) = Q

⇒ Break-even units = Q = 1,875 units.

3 0
3 years ago
Holmes Company produces a product that can be either sold as is or processed further. Holmes has already spent $60,000 to produc
lozanna [386]

Answer:

Holmes should sell process the product further, because the profit if process further is higher than sell product now.

Explanation:

Net profit if sell product now is $37,500 ( = sales to another manufacturer $97,500 – already spent $60,000)

Sales as in process further/ Incremental Accounting

Sales: $695,125 (=$415 x 1,675 units)

Additional Process costs: $485,570 (=$290 x 1,675 units)

Net profit if process further = total sales $695,125 – already spent $60,000 – additional process cost $485,570 = $149,555, higher than profit $37,500 if sell now.

6 0
3 years ago
Which of the following funds of a governmental unit uses the same basis of accounting as an enterprise fund?
ycow [4]

Answer:

The correct answer is a. Special revenue.

Explanation:

A special revenue fund is an account established by a government to raise money that must be used for a specific project. Special income funds provide an extra level of responsibility and transparency to taxpayers that their taxes will be used for a specific purpose.

Example: A city could establish a special income fund to pay the costs associated with stormwater management. The money from this fund could only be used for stormwater management expenses, such as street sweeping, sewer and ditch cleaning, system maintenance and a public awareness campaign. The city would have to publicly report where it raised the money from the special income fund and how it spent the budget of the special income fund.

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5. Consider a firm redesigning its logistics network. What are the advantages to having a small number of centrally located ware
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Answer:

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