It is false that the effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers.
<h3>What is Tax?</h3>
Tax refer compulsory levy or contribution place on individual, organization or state which is levied by government majorly on workers income or business profits of companies or can be added to cost of goods, services or even any transactions done.
Therefore, It is false that the effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers because the effect of tax on consumers or producers is normally determined by price elasticity.
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Answer:
25%
Explanation:
Given that,
Direct labor = $468,000
Direct materials = $390,000
Factory overhead = $117,000
The overhead rate as a percent of direct labor cost is determined by dividing the factory overhead by the direct labor cost.
Overhead rate:
= (Factory overhead ÷ Direct labor cost) × 100
= ($117,000 ÷ $468,000) × 100
= 0.25 × 100
= 25%
Answer:
The principle or model of voluntary exchange assumes that people will act based on self-interests. This is an important component of a healthy economy. If individuals in a market economy do not feel that they will benefit from the exchange, they would not be willing to make it.
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Answer:
D. Extreme Value Retailers
Explanation:
I majored in Business
