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fredd [130]
4 years ago
9

The laffer curve illustrates that, in some circumstances, the government can reduce a tax on a good and increase the

Business
1 answer:
never [62]4 years ago
8 0
Revenue that government receives. 
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People commonly use credit cards, auto loans, home mortgages to finance their purchases *
nalin [4]

Answer:

the answer to this question is true

4 0
3 years ago
Read 2 more answers
Suppose that the quantity of money in circulation is fixed but the income velocity of money doubles. If real GDP remains at its
Shalnov [3]

Answer:

The equilibrium price level will double.

Explanation:

Suppose that the economy has a money supply of $4 billion and the income velocity of money is 8, the price level will be 4 and the real GDP is $8 billion. The formula we are using is:

  • Money supply x velocity = price level x real GDP

If the money supply remains the same ($4 billion), the income velocity of money is 16 (it doubles), and the real GDP is $8 billion, then the price level will be:

$4 x 16 = price level x $8

$64 = price level x $8

price level = $64 / $8 = 8

So the price level has doubled to 8.

4 0
3 years ago
If a firm sells on terms of 2/10 net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day
GalinKa [24]

Answer:

a) true

Explanation:

2/10 net 30 means that if the costumer pays within 10 days, he will be offered 2% discount, otherwise the amount is due in 30 days in full.

DSO means average number of days the company takes to receive payment from customers of credit sales.

Since the DSO of a firm given is 28 days, which is lower than the 30 days credit period normally offered by the company, therefore it may indicate that the firm's credit department is operating effectively.

Hence, answer is a) true

7 0
4 years ago
What are the Taxes Paid for private/public limited company
Alex Ar [27]

Answer:

20%

Explanation:

Public Limited Companies pay Corporation tax rates, currently set at 20%, on their taxable profits. There are also tax-deductible costs and allowances that can be offset against the company profits for even greater tax savings.

7 0
3 years ago
Read 2 more answers
Penny, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information ab
ziro4ka [17]

Answer:

Equivalent Units                   14,380

Explanation:

Beginning units 850 x (1-.6) =   340

Started Units during July     15,000

Ending Inventory 1,600(1-.4)    (960)

Equivalent Units                   14,380

<u>Reasoning</u>

We have to complete the beginning WIP which are laking 40% (1-0.6)

We start doing 15,000 units.

We left 1,600 units at 60% undone (1-0.4)

6 0
3 years ago
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