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3 years ago

When a tax is placed on the buyers of cell phones, the size of the cell phone market

1 answer:

3 0

When a tax is placed on the buyers of cell phones, the size of the cell phone market and the effective price received by sellers both decrease. When a tax is placed on the buyers of cell phones, the market doesn't really increase or decrease as those needing cell phones are still going to purchase and use them however the price that is received usually decreases because they aren't moving at a fast rate. It is likely that the amount of tax placed on them will have a say in how they increase or decrease within the market.

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Typing, Inc. has been an S corporation since its inception. On July 4, 2019, Typing distributed $50,000 to Jerusha. Her basis in

lisabon 2012 [21]

Answer:

Answer is $15,000

$6,000 share of ordinary income plus $9,000 gain for a $50,000 distribution in excess of her $41,000 stock basis.

3 0

3 years ago

When merchandise purchased on account is returned under the perpetual inventory system, the buyer would debit a. Inventory b. Pu

Keith_Richards [23]

Answer:

Accounts payable

Explanation:

In accounting, the term accounts payable refers to the money that is owed by a business to its suppliers, in other words, it refers to the business' short-term debts.

When merchandise is purchased on account and it is returned under the perpetual inventory system, the buyer would then debit accounts payable since it is money that the company would owe to the buyer.

4 0

3 years ago

During a certain four-month period, the consumer price index (CPI) increased by only 5%. But during the next four-month period,

balu736 [363]

I think you forgot to give the options along with the question. I am answering this question based on my research and knowledge. The condition that must have existed during the second four-month period can be described as depression. I hope that this is the answer that has actually come to your great help.

6 0

3 years ago

Read 2 more answers

Lake Erie Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 790,000 units are expecte

Mazyrski [523]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

790,000 units are expected to be produced taking 0.75 machine hours each.

We weren't provided with enough information to solve the requirement. But, I will give the formulas necessary to guide an answer and a small example.

First, we need to calculate the total amount of machine-hours required:

Total machine hours= 790,000*0.75= 592,500 hours.

Let us suppose that the estimated manufacturing overhead is $850,000.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 850,000/592,500= $1.44 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 1.44*0.75 hours= $1.08 per unit

5 0

3 years ago

Which information security objective allows trusted entities to endorse information?

Serjik [45]

Certification information is the security objective that allows trusted entities to endorse information.

Certification information is what credits people to be certified in teaching information to other employees and allowing the information to be accredited. To make sure the information is given out properly and is trusted, accurate information we need to make sure its certified and verified.

6 0

3 years ago