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3 years ago

Taxes cause deadweight losses because they

Business

2 answers:

Ray Of Light [21]3 years ago

6 0

Answer:

The correct answer is C. All of the other options are correct.

Explanation:

In economics, it means that there is a loss of surplus because the imposition of taxes discourages the exchange of goods and services. This can be interpreted in the behavior of the consumer and seller, since their action is executed directly in the buying and selling processes. When the buyer's benefit from acquiring a good is modified by a high tax rate, then a decline in the purchase may occur to avoid incurring high costs.

vitfil [10]3 years ago

5 0

Answer:

All of the other options are correct.

Explanation:

Deadweight losses can be described as losses that is made to the economy, this is as a result of taxes or price control. Deadweight losses occur when supply and demand are not balanced, if this happens it will eventually lead to market inefficiency.

Taxes can be defined as the amount of money charged by the government which is above the selling price of a particular good or service.

Taxes can lead to deadweight loss when there is an increase in the price of a product which will eventually lead to a drastic decrease in the demand of the product.

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In Dart Co.'s Year 2 single-step income statement, as prepared by Dart's controller, the section titled "Revenues" consisted of

Amanda [17]

Answer:

what amount should Dart report as total revenues?

B. $250,000

Explanation:

The option B is the answer because the others option are not part of revenues during the year to the single step income.

The recovery of accounts written off are not part of revenues, it's an adjustment to the allowance for uncollectible accounts.

Then, the Purchase discounts is not part of revenues either, this kind of discounts goes directly to the valuation of inventory and then to the cost of goods.

8 0

3 years ago

One of your customers is delinquent on his accounts payable balance. you've mutually agreed to a repayment schedule of $630 per

larisa [96]

Answer:

27.14 months

Explanation:

to calculate how long it will take to pay the loan, we can use an excel spreadsheet and the NPER function:

=NPER(rate,payment,-loan)

payment = 630
rate = 1.03
loan balance = 14,850

=NPER(1.03%,630,14850) = 27.14 months

5 0

3 years ago

Freddy offers to supply water bottles to Jerry’s Gym at a cost of $40a case. The signed contract says that Jerry’s Gym will buy

atroni [7]

Answer:

-jerry is entitled to monetary damages compensations due to a contract breach.

-Freddy has to pay Jerry $90

Explanation:

the damage that the gym is entitled to would be that of a contract breach. Freddy wanted to earn more money so he breached the contract. Now given that Jerry had to go with another supplier of water at a greater cost of 50 dollars for 9 months, just to satisfy his requirements. Freddy has to pay him monetary damages for this breach in contract. he has to pay the difference that exists between the price in the contract they had and what jerry now has to pay due to the breach. The difference is 10 dollars, which is to be paid every month for 9 months

= (50 - 40)*9

= 10 * 9 = $90

4 0

3 years ago

Kulka Corporation manufactures two products: Product F82D and Product T05P. The company uses a plantwide overhead rate based on

aleksandr82 [10.1K]

Answer:

Total manufacturing overhead cost for T05P $303,000

Explanation:

Using the ABC system, the amount of total manufacturing overhead cost would be assigned to Product T05P is:

1. 4,000 / 9,000 machine hours x $180,000.....$80,000

2. 90 / 250 set ups x $125,000............................$45,000

3. 1 / 2 products x $44,000....................................$22,000

4. 6,000 / 10,000 labor hours x $260,000......$156,000

Total manufacturing overhead cost for T05P $303,000

5 0

3 years ago

A for of advertising that touts the benefits of a specific good or service is called?

Romashka [77]

It's product advertising

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3 years ago