Answer:
The government should tax Anvils and books but not cardigans
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply.
A monopoly is when there is only one firm operating in an industry. The firm sets the market price for its good and services. The firm earns economic profit in the short and long run.
When the absolute value of elasticity is greater than 1, it means that demand is price elastic.
Elastic demand means a small change in price leads to a greater change in quantity demanded.
Deadweight loss refers to the loss in efficiency as a result of tax.
A competitive market produces as the social optimum, so the effect of tax would be very small but because the monopoly operates below social optimum, the cost of tax would be high.
I hope my answer helps you
The statement "changes in the technological environment create increases in world wide in all sectors of the economy, creating exciting challenges for future leaders" is true
What is technological change?
Technological changes refer to changes in the level of technological and telecommunication medium as well as gadgets in the world as a whole.
It can seen as the improvements we have witnessed in global trade where a businessman does not need to leave his country before holding a crucial meeting with a business partner or counterpart in another country, which means they could get connected via the internet, specifically using zoom as the medium of interaction.
The fact that current technological changes have outperformed previous options means that the current one is also a way creating a challenge where future technological changes are able to outshine them, in other words, the pace of change needs to be kept constant in order to full unlock the potentials lurking within the technology
Find out more about technology on:https://brainly.in/question/45244347
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I would say your answer is A.
Glad I could help, and good luck!
Answer:
b. $6,240.
Explanation:
The reconciliation statement reconciles the bank statement balance to the cash book balance. The reconciled balance in the cash account is derived after considering all transactions that happened during the year that should have been recognized but were yet to.
Given the following Reconciling items;
deposits in transit, $2,600; This has been captured in the books and need not be adjusted for.
bank service charges, $140; This is yet to be recorded in the books hence it will be deducted from the cash balance.
outstanding checks, $950; This has been recognized in the books hence no further adjustments are required.
and interest credited to the bank account during the month but not recorded on the company’s books, $60.; This will be added to the cash balance
Hence reconciled balance
= $6,320 - $140 + $60
= $6,240
Answer:
If the effective tax rate increases then the net savings coming from investments will get lowered as a result the investment will have higher payback period (The increase in effective tax rate would lower demand of the product which means there is decline in net saving arising from the sale of the product). Likewise this decrease in annual net savings will also decrease the internal rate of return which shows that their are increased chances of project rejections. The NPV method is based on cash flows and relevant costing just like IRR and payback method but the only difference is that it assumes that the cash earned would be reinvested at cost of capital. The NPV will also decrease due to increased effective tax rate.