The correct answer should be that <span>the total surplus increases but by less than the amount of the tax. This happens if the tax is not larger than the producer surplus in which case it would negate and the total would not grow at all. This doesn't happen however since imposing such higher taxes is impossible and riots would surely happen.</span>
Answer:
APR, or annual percentage rate, is your interest rate stated as a yearly rate. An APR for a loan can include fees you may be charged, like origination fees. APR is important because it can give you a good idea of how much you'll pay to take out a loan.
Explanation:
Answer:
$111,900
Explanation:
The computation of the Insurance expense for 2018 would be
= Opening Balance in prepaid insurance for the year 2018 + insurance paid - ending balance in prepaid insurance account
= $61,400 + $99,000 - $48,500
= $111,900
To find out the insurance expense basically we added the insurance paid and deduct the ending balance of prepaid insurance to the opening balance of prepaid insurance
