Answer:
An increase in the price of a ticket will not cause a decrease in demand, but rather a decrease in quantity demanded.
Explanation:
Answer:
Correll Company
a. Yes State R residents who purchased Firm L (out-of-state) merchandise owe use tax on their purchases.
b. State R would collect $1,080,000 additional revenue ($18 million * 6%) if Correll was required to collect the use tax at the point of sale and then remit the tax collected to State R.
Explanation:
a) Data and Calculations:
Cost of merchandise to customers in State R = $18 million
State R's sales and use tax on the purchase and consumption of retail goods within the state = 6%
Amount that Correll could collect for State R = $1,080,000 ($18 million * 6%)
b) Note that Correll (Firm L) collecting the State R use tax does not affect State R residents' legal liability to pay the use tax. Unfortunately, not many people actually remit their self-assessed use tax.
Answer:
$11.165 unfavorable
Explanation:
The formula to compute the variable overhead efficiency variance is shown below:
= (Actual direct labor hours - standard direct labor hours) × variable overhead per hour
where,
Actual direct labor hours is 2,975
And, the standard direct labor hours equal to
= 250 units × 9
= 2,250
Now put these values to the above formula
So, the value would equal to
= (2,975 - 2,250) × $15.40
= $11.165 unfavorable
The athletic trainer must be aware of and adhere of an athletic care facility as dictated by occupational safety and health administration or as called as OSHA with the occupational safety and health act of 1970, congress made the occupational safety and health administration to reassure not dangerous and healthful operational conditions for working men and women by setting and administering principles and by providing training, outreach, education and assistance.
Answer:
I. Rex's option is worth at least $100 today.
and
IV. Rex's option has less value today than when he bought it.