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2 years ago

8

Assume the government imposes a $3 tax on buyers, which results in a shift of the demand curve from D1 to D2. The price the sell

er receives for the product after the tax is imposed on the buyer is:

1 answer:

yulyashka [42]2 years ago

6 0

Answer:

The price the seller receives for the product after the tax is imposed on the buyer is $2. Seller pay tax from new eq price to the old one.

Explanation:

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At the beginning of the current year, Snell Co. total assets were $264,000 and its total liabilities were $182,200. During the y

larisa [96]

Answer:

The company's debt ratio at the end of the current year is 66%

Explanation:

For computing the debt ratio, we need to apply the formula which is shown below:

Debt ratio = (Total liabilities) ÷ (total assets) × 100

= ($182,200 ÷ $276,000) × 100

= 66%

The other information which are given in the question is of no use. That's why we do not consider it. Hence, ignored it.

7 0

3 years ago

Alternative A Alternative B Materials costs $28,000 $64,000 Processing costs $34,000 $34,000 Equipment rental $11,000 $28,500 Oc

stira [4]

Answer:

$61,600

Explanation:

The differential cost analysis is an analysis in which the costs of two alternatives is taken into consideration and based on those costs it is decided that which alternative is suitable in terms of increment that has been lost by other alternative. That is why it is also known as alternative cost. To calculate the differential cost, it is simple, subtract the cost of 1st alternative from the 2nd and you will get the differential cost. Basically this tool helps in decision making when deciding to choose between two alternatives.

In the question we have been asked to find the differential cost of Alternative B over Alternative A, including all of the relevant costs. To do that first we need to find the differential costs among all the relevant costs and then sum all the differences to find the differential cost of Alternative B over Alternative A.

(a)

Differential Cost of Alternative B over Alternative A is;

Materials costs = $64,000 - $28,000 = $36,000

Processing costs = $34,000 - $34,000 = $0

Equipment rental = $28,500 - $11,000 = $17,500

Occupancy costs = $27,600 - $19,500 = $8,100

(b)

Now the Total Cost which is Differential Cost of Alternative B over Alternative A is;

$36,000 + $0 + $17,500 + $8,100

$61,600

6 0

2 years ago

Nichols Enterprises has an investment in 250 bonds of Elliott Electronics that Nichols accounts for as a security available for

sweet [91]

Answer:

The value per bond must be $1000

Explanation:

The reason is that the short term investments must be valued at current fair market value which is $1000 per bond today so the perceived value of the unit bond which is $1200 per bond is irrelevant here.

The amount recorded = Number of bonds * Current market value

The amount recorded = 250 * $1000 = $250,000

3 0

2 years ago

For each of the items listed below, indicate whether the item would be reported in the

tresset_1 [31]

Answer:

Note: The complete question is attached below as picture

Indication of how they should be reported are as follow:

1) Budgetary Schedules : FINANCIAL SECTION AS RSI (RSI)

2) Letter of Transmittal : INTRODUCTORY SECTION (I)

3) Legal debt limitations and debt margin : STATISTICAL SECTION (S)

4) A description of government's financial conditions : FINANCIAL SECTION AS MD&A (MDA)

5) Property tax collection and levy information : STATISTICAL SECTION (S)

6) Defined benefit pension plan schedules : FINANCIAL SECTION AS RSI (RSI)

7) Financial highlights of the fiscal year : FINANCIAL SECTION AS MD&A (MDA)

8) Auditors report : FINANCIAL SECTION (F)

9) 10-year data trend : STATISTICAL SECTION (S)

10) Notes to the financial report : FINANCIAL SECTION (F)

4 0

3 years ago

Mary Walker, president of Rusco Company, considers $23,000 to be the minimum cash balance for operating purposes. As can be seen

scoundrel [369]

Answer:

Cash Basis adjustments -12,000

Explanation:

Adjustments to convert company's income statement to cash basis:

Depreciation Expense $20,000

Gain on sale of long term Investment - $ 10,000

Loss on sale of equipment $2,000

Increase in Account receivable -$40,000

Decrease in Prepaid Expense $4,000

Increase in Inventory -$50,000

Increase in Accounts Payable $63,000

Decrease in Accrued Liability -$9,000

Increase in Deferred Tax Payable $8,000

6 0

3 years ago