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3 years ago

Your department store receipt says that you paid a 5% sales tax on sports equipment. This sales tax is an example of a _____.

2 answers:

6 0

"Your department store receipt says that you paid a 5% sales tax on sports equipment." This type of sales tax is an example of regressive tax.

ElenaW [278]3 years ago

5 0

Your department store receipt says that you paid a 5% sales tax on sports equipment. This sales tax is an example of a "regressive tax".

A regressive tax refers to a tax connected consistently, taking a bigger level of pay from low-salary workers than from high-pay workers. It is contrary to a progressive tax, which takes a bigger rate from high-pay workers.

A regressive tax influences individuals with low livelihoods more seriously than individuals with high salaries since it is connected consistently to all circumstances, paying little respect to the citizen. While it might be reasonable in a few occurrences to assess everybody at a similar rate, it is viewed as out of line in different cases.

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American call and put premiums:__________

shtirl [24]

Answer:

B) Should be at least as large as their intrinsic value.

Explanation:

American call and put option premiums are one of the options contracts, which allows investors to buy or sell the stock options before the maturity date. It is not referred to as the option related to geographical location, however, it is only applied to the rights of execution.

There are four variables to specify the contract:-

Underlying asset.
Premium
Strike price.
Maturity data.

Intrinsic value is the difference between underlying assets and strike price, which can not be negative and the premium is the price paid during buying and selling of options. Therefore, American call and put premiums should be at least as large as their intrinsic value.

4 0

3 years ago

If equilibrium exists:

nikdorinn [45]

Answer:

The correct answer is (B)

Explanation:

Market equilibrium is a situation where demand equals the supply, which helps to determine the equilibrium quantity and price. Market equilibrium is a point which continuously shifts due to change in quantity demanded and supply. Overall at the equilibrium point, everyone is better off, and there will be no remaining opportunities for the individuals to make themselves better off.

3 0

3 years ago

A falling price level is called ________ and a fall in the rate of inflation is called ________.

Ivanshal [37]

A falling price level is called deflation and a fall in the rate of inflation is called disinflation.

Inflation is the fee of built-in integrated costs over a given period of time. Inflation is generally an extensive measure, built-ing of the general built-in boom built-in fees or the built-increase integrated built-inside the integrated value of built-inlivbuiltintegrated integrated a country.There are 3 built-in causes of integrated nation: call for-pull built-inflation, fee-push integrated nation, and 7fd5144c552f19a3546408d3b9cfb251 built-inflation.

Inflation is a degree of the fee of built-integrated expenses of goods and offerbuiltintegrated integrated economic system. Inflation can occur when charges rise because of built-integrated integrated built-in integrated prices, together with raw materials and wages. A surge in built-in demand for products and services can cause built inflation as customers are integrated to pay more for the product.

Learn more about Inflation here: brainly.com/question/8149429

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3 0

1 year ago

Starting on your 25th birthday, and continuing through your 60th birthday, you deposit 750 each year on your birthday into a ret

Tanya [424]

Answer:

9.09%

Explanation:

With the payment for first term with interest rate for 5%. we choose to set up problem as ordinary annuity, then we should use 36 rent periods because term would start at one period before first deposit.

We have formula with resulting equation to find out future value of first annuity, that gives a value of an annuity on his 60th birthday:

Formula is as under

S = R((1 + i)^n – 1) / i

putting values we get

= $750((1 + 0.05)^36 – 1) / 0.05

S = $71,887.24

Because value of S is located Fred’s 65th birthday, now you can use such value as present value of fund compounded for Five years. Future value of these fund, will later be equated to present value of annuity-due, is given by following equation:

S = P(1 + j)^n where i=j and n=5 so…

S = $718,772.42(1 + j)^5

Now you calculate present value of annuity-due & equate it to equation just give.For annuity-due, went as rent payments of $5,800 each with effective interest rate of 4%. Because this payments occur each month & annuity-due lasts for 25 years, you have (25*12) periods= 300 periods. Further, You must calculate new interest rate, given by following equation:

(1 + .04)^1 = (1 + i(12)/12)^12 Therefore… i(12)/12 = 0.00327

Now calculate present value of annuity-due:

P = R(1 + i)(1 – (1 + i)^-n)

P = $5800(1 + .00327)(1 – (1 + .00327)^300) / .00327

P = $1,111,979.

Finally, equate earlier equation with the new present value:

$1,111,979.84 = $718,772.42(1 + j)^5

Therefore j = 9.09%

8 0

3 years ago

The market for salmon is in equilibrium. A price ceiling, a price floor, and a quota limit in this market would all have what ou

morpeh [17]

Answer:

a. Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.

Explanation:

Dead weight loss created by a quantity exchanged that is less than the equilibrium quantity .Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.when the total surplus is larger at the equilibrium quantity and price than it will be at any other quantity and price. Deadweight loss is loss in total surplus that occurs when the economy produces at an inefficient quantity.

3 0

3 years ago