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Nutka1998 [239]
3 years ago
9

The impact of higher taxes would be examined by:

Business
2 answers:
belka [17]3 years ago
6 0

Answer:

The correct answer is letter "C": both a macroeconomist and a microeconomist.

Explanation:

While microeconomics studies the economic decisions made by <em>individuals</em>, macroeconomics studies the phenomena occurring in the <em>overall market and the influence of governments</em> in it. In that case, the impact of <em>higher taxes</em> will be subject to discussion for the government to find out what the consequences in the overall market could be but individuals also will worry about this matter because it is likely to affect their income and purchasing power.

kati45 [8]3 years ago
4 0

Answer:

C. Both a Macro Economist & Micro Economist

Explanation:

Micro Economics is the study of single individual consumer, firm, industry. Eg-Single commodity price.

Macro Economics is the study of all consumers, firms & industries - studying economy as a whole. Eg: General price level.

Impact of higher tax can be on  :  

  • On supply, demand of that particular good on which tax is levied (concern of Micro Economics). Micro Economic Concept Eg: Supply is inversely related to tax component of 'government policies' factor.
  • On aggregate demand, aggregate supply of the economy as a whole (concern of Macro Economics). Macro Economic Concept Eg : AD = C+I+G+NX, government expenditure decrease (tax increase) reduces AD.

So: Impact of higher tax can be examined by both Micro Economist & Macro Economist, depending upon the kind of study.

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The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,057. A
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Answer:

Total Manufacturing Cost = $9,347

Explanation:

Total cost for the job 450 is as follows:

Direct material =             $2,057

Direct labor =                     $888   (Note - 1)

Overhead cost =             $6,402  (Note - 2)

Total Manufacturing Cost = $9,347

<em>Note - 1: </em>Direct labor = Direct labor-hours × Direct labor wage rate

Given,

Direct labor-hours = 37 hours

Direct labor wage rate = $24 per labor-hour

Direct labor = 37 hours × $24 per labor-hour

Direct labor = $888

<em>Note - 2: </em>Overhead cost = Machine-hours × predetermined overhead rate

Given,

Machine-hours = 194 hours

predetermined overhead rate = $33

Overhead cost = 194 hours × $33 = $6,402

3 0
3 years ago
The difference between formal proposals and other formal reports lies mainly in
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Answer:

B) the text.

Explanation:

A formal proposal is a written plan conveying an essential idea being put forward for consideration by potential investors or businesses.

A formal report is a concise document containing facts about an investigation and analysis of an issue or event for a specific purpose.

The difference between formal proposals and other formal reports lies mainly in the text.

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3 years ago
A company that is not a commercial bank issues a 10-year bond. it is exempt from sec registration, regardless how sold. the issu
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The issuer must be of the organization where <u>Securities issued by nonprofit organizations are exempt from </u><u>federal registration</u><u>, regardless of how they are sold.</u>

<h3>What is federal registration?</h3>
  • The federal registration, the U.S. federal government's official journal, publishes notices to the public, proposed regulations, and guidelines for government agencies.
  • Except for federal holidays, it is published every workday. The Code of federal registration (CFR), which is revised yearly, codifies the final rules issued by a federal agency and published in the Federal Register after being rearranged by theme or subject matter.
  • The Government Publishing Office prints the federal registration after it has been assembled by the Office of the federal registration (a division of the National Archives and Records Administration). The federal registration is free from copyright restrictions because it is a government-produced work and belongs to everyone.

To learn more about federal registration with the given link

brainly.com/question/15135734

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3 0
2 years ago
Drag the tiles to the correct boxes to complete the pairs. For each scenario match it to the correct factor describing the purpo
lord [1]

The purpose for holding money in economic in classified into:

  • transactional motive
  • precautionary motive
  • speculative motive

<h3>The Drop-downs includes:</h3>
  • When price levels rise, people hold onto cash. - Speculative motive

  • When interest rates are low, people forgo interest income - Speculative motive

  • When aggregate income is high, people hold cash to buy goods that are plentiful and cheap - Transactional motive.

  • When interest rates are low, people speculate that they will soon increase - Speculative motive

  • Andy decided to hold his money in cash, as he did not earn sufficient money as income from interest. - Speculative motive

  • Ben is a consumer and decides not to purchase luxury items because they are too expensive - Speculative motive

  • Chad thinks it to be a good opportunity to buy the products from the market as the supply has increased. - Transactional motive

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Read more about holding motives

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7 0
2 years ago
Comparing ABC and Plantwide overhead Cost Assignments Wellington Chocolate Company uses activity-based costing (ABC). The contro
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Answer:

$432,000 Setting up equipment ⇒ based on setup hours

$1,440,000 Other overhead ⇒ based on oven hours

product                units produced            setup hours          oven hours

Fudge                         8,000                         6,400                    1,600

Cookies                  445,000                         1,600                    8,000

1) Activity rate:

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  • b) oven hours = total other overhead costs / total oven hours = $1,440,000 / 9,600 hours = $150 per oven hour

2) total overhead assigned to fudge = (6,400 setup hours x $54 per setup hour) + (1,600 oven hours x $150 per oven hour) = $345,600 + $240,000 = $585,600

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3 years ago
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