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TEA [102]
3 years ago
6

ou are a producer of cold medicine. Last month, a flood at your factory eliminated 50% of your firm’s production capability. At

the same time, your compensation costs increased by 5% because of an increase in healthcare costs. What is the consequence of these events?
Business
1 answer:
Scilla [17]3 years ago
6 0

Answer:

The flood shifts the supply to the left.

The increase in healthcare costs shifts the supply curve to the left.

Explanation:

An increase in the cost of production inputs (increase in health costs) or a decrease in the availability of resources (the flood reduced the firm's production capability), will shift the supply curve to the left.

A leftward shift of the supply curve will lower the quantity supplied and will increase the price of the good at every level of demand.

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Explanation: see attachment below

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2 years ago
Show Stoppers is a monopoly provider of ticket services for the concerts and sporting events and their current service charge is
makvit [3.9K]

Answer:

9.50 dollars

Explanation:

The marginal revenue is the revenue generated for an additional sale.

In this case the new customer will generate an additional revenue equal to the service change to him. This amount is for 9.50 dollars. So, this is the marginal revenue for an additional sale.

The rest of the option are incorrect.

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3 years ago
An innovative change involves ______ complexity, cost, and uncertainty.
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The answer is moderate.
5 0
3 years ago
Forms of Business Organization
chubhunter [2.5K]

Answer:

<h2>Forms of Business Organization </h2>

1. The basic concepts of financial management are the same for all businesses, regardless of how they are organized. However, a firm's legal structure affects its operations.

The main forms of business organizations are: (1) proprietorships, (2) partnerships, (3) corporations, and (4) limited liability companies (LLCs) and limited liability partnerships (LLPs). In terms of numbers, most businesses are______proprietorships_. However, based on the dollar value of sales, most business is done by_corporations____.

Businesses are frequently started as__Limited Liability Companies____and then converted to_Corporations_____when their growth results in disadvantages outweighing advantages.

2. A proprietorship has three important advantages: (1) It is easily and inexpensively formed, (2) it is subject to_less____government regulations, and (3) it is subject to lower income taxes than are_corporations_____.

However, a proprietorship also has three important limitations: (1) A proprietor has_unlimited_____personal liability for the business' debts. (2) The life of the business is limited to the life of the individual who created it. (3) A proprietorship has difficulty obtaining large sums of capital so proprietorships are used primarily for small businesses.

3. A partnership has two important advantages: (1) It is easily and inexpensively formed and (2) its income is allocated on a pro rate basis to partners and taxed on a(n)_individual____basis so the partnership avoids higher_corporate____income taxes. A partnership has four important disadvantages: (1)_Unlimited_____personal liability, (2)_Limited____life, (3) difficulty of transferring ownership, and (4) difficulty of raising large amounts of capital.

4. A corporation has the following advantages: (1)_Unlimited____life, (2) ownership that is easily transferred through the exchange of stock, (3)_Limited____liability, and (4) can_easily_____raise large amounts of capital to operate large businesses. Its disadvantages are: (1) Corporate earnings may be subject to_corporate_____taxation and (2) setting up a corporation and filing required state and federal reports is complex. Large corporations are known as C corporations. However, as an aid to small businesses Congress created S corporations.

5. Limited liability corporations (LLCs) and limited liability partnerships (LLPs) have limited liability protection like_corporations_____but are taxed like__proprietorships____. Investors in an LLC or LLP have votes in proportion to their ownership interest. LLCs and LLPs have been gaining in popularity, but large companies still find it advantageous to be_formed into_____corporations because of advantages in raising capital for growth.

Explanation:

The above are forms of business organization through which investors can realize their investment dreams.

6 0
3 years ago
Which of the following are miscellaneous taxes?
777dan777 [17]

Answer:

A) Hunting license fees

B) License plate fees

D) Marriage license fees

Explanation:

A miscellaneous tax is any tax levied other than incomes taxes or transfer taxes (e.g. excise taxes including sales and gasoline taxes, real estate transfer taxes, estate taxes, gift taxes). Transfer taxes are paid when the ownership of a property (including goods and services) is transferred from one person to another.

Sales taxes and gasoline taxes are both excise taxes, therefore they fall under the category of transfer taxes.

Inheritance taxes are called estate taxes, which also fall under the category of transfer taxes.

6 0
2 years ago
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