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3 years ago

To achieve the social optimum, the government could set a tax equal to ________ per unit sold.

Business

1 answer:

belka [17]3 years ago

7 0

To achieve the social optimum, the government could set a tax equal to $6 per unit sold.

Explanation:

The social optimum seems to be the distribution chosen by a good social planner who is limited by resources allocation only. In particular, the social optimum can not be achieved if there are limitations on the social planner's policy tools.

Proponents of significant increases or cuts in the United States marginal tax rates have long provided statistical evidence of the existence of their proposals.

The elasticity of earned income figures was actually a relatively new description of behavioral reactions to marginal taxes that have historically been studied.

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On August 2, Jun Co. receives a $8,000, 90-day, 11.0% note from customer Ryan Albany as payment on his $8,000 account receivable

GarryVolchara [31]

Answer:

August 2 Notes Receivable 8000 Dr

Accounts Receivable- Ryan 8000 Cr

October 30 Interest receivable 220 Dr

Interest Revenue 220 Cr

October 31 Cash 8220 Dr

Notes Receivable 8000 Cr

Interest Receivable 220 Cr

Explanation:

When we receive the Note against the Accounts Receivable, we will credit the Accounts Receivable to close the account of Ryan and create a new current asset account of Notes Receivable on August 2.

On October 30, 90 days period of Note is complete so we will record the interest that is receivable for us on this note.

Interest Receivable = 8000 * 11% * 90/360 = $220

We record this as Interest Receivable as we have not received this and credit Interest revenue as it is our income.

On 31 October, when we receive cash it will be total of Notes payable and Interest so we will debit cash by 8220 and credit the Notes payable and interest receivable.

8 0

4 years ago

Which of the following is happening when a lending institution gains money from an individual's paycheck to cover outstanding de

lozanna [386]

When a lending institution receives an amount from the individual on his/her monthly paycheck for covering his/her due debts is called Garnishment.

Option B is the correct answer.

<h3 /><h3>What is a paycheck?</h3>

A paycheck is a check provided to the employee for the work done by him/her. It defines the amount of remuneration and other incentives earned by the employee on a monthly basis.

A legal technique that allows a third party to reduce a certain amount from the salary or wages of an individual against the payment of any dues, then this technique is called Garnishment. The third party can be the bank of the debtor and the receiver is the lending institution to whom an individual has to pay back the due amount.

Therefore, Garnishment is the process where the lender receives a certain amount from the salary of the debtor against his/her dues.

Learn more about the Garnishment on paycheck here:

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4 0

2 years ago

As part of its risk management strategy, Copper Monkey Mining sells futures contracts to hedge changes in fair value of its inve

tankabanditka [31]

Answer:

In the March 31 statement of financial position, the company should record the futures contracts as a loss and liability of $100,000

Explanation:

GAAP specifies that all derivatives instrument and hedging activities recorded in the balance sheet are assets and liabilities and measured at fair value.

At the starting of the futures contracts, the fair value is $0 since the prices of the future contract was entered at that date.

Given that 200 futures contracts was sold at the commodity exchange foo $$0.83/lb and each contract was for 25,000 lb. Therefore a fair value hedge of 5 million lb. (25,000 lb. × 200 contracts) of copper at $0.83/lb is expected to be delivered.

The price had risen to $0.85/lb at the date of the financial statements, Copper Monkey should record a loss and liability = (5 million lb) × ($0.83 – $0.85) = 5000000 × 0.02 = 100000

Copper Monkey should record a loss and liability of $100,000

5 0

3 years ago

Cool Gelato uses various sizes of foam cups. The use of 8oz foam cups is constant throughout the year, and Cool Gelato expects t

ruslelena [56]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

5 0

3 years ago

Documents of Trade

I am Lyosha [343]

Answer:

Here's ur answer

Explanation:

letter of enquiry
Quotation
receipt
order
delivery note
credit note

Hope it's helpful.. if so mark me as brainlist n thank me also

4 0

3 years ago