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3 years ago

There are three firms in an economy: A, B, and C.

Business

1 answer:

Tom [10]3 years ago

7 0

Answer:

a) GDP = $3350

b) Revenue = $ 335

c) The government get if it introduced a 10 percent income tax= $ 410

d) The government get if it introduced a 10 percent sales tax on final output = $335

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A national survey of small-business owners was conducted to determine the challenges for growth for their businesses. The top ch

soldi70 [24.7K]

Answer:

0.18

Explanation:

Let P(E) = People who think Economy is a challenge = 0.46

P(W) = People who think finding qualified worker is a challenge = 0.37

P(W and E) = People who think both economy and finding worker is a problem = 0.15

P(E/W) = People who think economy is a problem given that finding worker is a challenge to growth as well = P(W and E)/ P(W) + P(E) = 0.15/0.46+0.37 = 0.18

3 0

3 years ago

Benoit Company produces three products—A, B, and C. Data concerning the three products follow (per unit):

Assoli18 [71]

Solution :

$\text{Working }$ $\text{A}$ $\text{B}$ $\text{C}$

A ( $\text{Direct material per unit}$ ) $ 24 $ 15 $9

B (Material cost per pound) $3 $3 $3

C=A/B (pound of material per unit) 8 5 3

D (Contribution margin per unit) $32 $14 $21

E=D/C (Contribution margin pound $ 4 $ 2.8 $ 7

of raw materials)

Order of preference to allocate material 2nd 3rd 1st

Since the product C has maximize 'contribution margin per pound' it will give 1st preference, followed by the product A and B.

The allocation of the available 5000 pounds of the raw material.

A B C

Maximize units that can be sold (A) 1000 1000 1000

Materials required per unit (B) 8 5 3

Total material requirement (C) 8000 5000 3000

Available raw material in pounds 5000 pounds

(-) first allocation to product C 3000 pounds

Remaining material 2000 pounds

(-) seconds allocation to product A 2000 pounds

Remaining for the product B 0 pounds

Now calculating the total contribution on the above allocation basis.

A B C Total

Material allocated to A(pounds) 2000 0 3000 5000

Contribution per pound (B) $ 4 $2.8 $7

Total contribution margin (AxB) $8000 $0 $21000 $29,000

Therefore, the total contribution margin is $29,000.

8 0

3 years ago

A taxpayer with qualified business income who is a patron of an agricultural cooperative will use what form to calculate the qua

Damm [24]

Answer:

Form 8995-A

Explanation:

According to set up by Internal Revenue Service, a taxpayer with qualified business income who is a patron of an agricultural cooperative will use form 8995-A to calculate required qualified business income deduction.

7 0

4 years ago

In incremental analysis, a. only costs are analyzed. b. only revenues are analyzed. c. both costs and revenues may be analyzed.

Kitty [74]

Answer:

The correct answer is letter "C": both costs and revenues may be analyzed.

Explanation:

Incremental analysis studies two options from where only one is to be selected. It is a helpful tool that allows allocating limited resources efficiently. It is mostly implemented to find out which alternative provides the greater yield producing at the lowest cost. Incremental analysis does not consider sunk or past costs.

Therefore, <em>incremental analysis may study both costs and revenues between two options.</em>

6 0

4 years ago

Ontario Resources, a natural energy supplier, borrowed $80.9 million cash on November 1, 2021, to fund a geological survey. The

Nady [450]

Answer:

Date Account Title Debit Credit

Nov.1 2021 Cash $80,900,000

Notes Payable $80,900,000

When the note is issued, Ontario resources gained $80.9 million in cash so the Cash account needs to be debited to reflect this.

The Notes Payable account will be credited for the same amount because credit balances like liabilities - which is what a note is - are credited when they increase.

8 0

3 years ago