Answer:
without tax: $ 7 consumer surplus
with tax: $ 2 consumer surplus
differece: decrease of $5
Explanation:
the consumer surplus is the difference between the amount willing to pay for the good and the equilibrium price:
with no tax:
ken is willing to buy for 20 - 15 equilibrium price = 5
mark is willing to buy for 17 - 15 equilibrium price = 2
total 7
with taxes:
ken is willing to buy for 20 - 18 equilibrium price = 2
mark has no consumer surplus
total 2
difference: 5
It will take the account holder 15 weeks to come up with a principal balance of $2325.
How?
Principal Balance - Initial Balance: $2325 - $450 = $1875
The account holder needs $1875 more in order to come up with the total principal balance of $2325.
$1875 / Weekly Deposits: $1875 / $125 = 15 Weeks
The amount of deferred tax liability that Warren Company reports at the end of Year 1 is $20,000.
<h3>What is deferred tax liability?</h3>
Deferred tax liabilities arise from <u>taxes to be paid in the future</u> when future taxable amounts become <u>taxable</u> or when the temporary differences <u>reverse</u>.
<h3>Data and Calculations:</h3>
Installment sales included in income statement = $50,000
Collection of installment sales:
Year 2 = $25,000
Year 3 = $25,000
Tax rate = 40%
Deferred tax liability based on installment sales = $20,000 ($50,000 x 40%)
Thus, the amount of deferred tax liability that Warren Company reports at the end of Year 1 is $20,000.
Learn more about deferred tax liability at brainly.com/question/16102904
Answer:
Aggregate supply
<h3>
Explanation:</h3>
- Aggregate supply is the total quantity of output firms will produce and sell—in other words, the real GDP.
- The upward-sloping aggregate supply curve—also known as the short-run aggregate supply curve—shows the positive relationship between the price level and real GDP in the short run.
- the lower the price level, the higher the real GDP or real national output.
To learn more about aggregate supply, refer
to brainly.com/question/24448358
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Answer: (C) Product development
Explanation:
The product development growth strategy is one of the type of strategy that helps in developing the various types of new products by properly modifying its characteristics and also the features from the existing one according to the customer needs.
The product development strategy helps in increase the growth of the company in the market and also providing the actual value to the customers.
According to the given question, the Quitman enterprises is one the company that sells its business language dictionary to the various types of students in the college. So, the Quitman basically wants to pursing the product development growth strategy.