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Andreas93 [3]
3 years ago
8

An increase in the size of a tax is most likely to increase tax revenue in a market with elastic demand and elastic supply.

Business
1 answer:
Inga [223]3 years ago
6 0

Answer:

<u>elastic demand and inelastic supply</u>

Explanation:

  • When the demand for a substance goes up the price of a similar product also goes up this emphasis on the elasticity of demand of the product which is due to the increase in the rise in the revenues of the demanded product.
  • Thus an increase in revenue the total demand will be elastic and increased price has a larger demand on the quantity demanded so the example of petrol or oil product, sale of the cigar, and chocolate all depends on the inelastic production supply.
  • Based on the availability of raw mater, Length, and complexity of production, the Mobility of factors and time taken to make.
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Yoga Center Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's N
Natalija [7]

Answer:

The correct answer is E.

Explanation:

Giving the following information:

Yoga Center Inc. is considering a project that has the following cash flow.

Year 0= -1200

Year 1= 400

Year 2= 425

Year 3= 450

Year 4= 475

Cost of capital= 14%

To calculate the Net Present Value we need to use the following formula:

NPV= -Io + ∑[Cf/(1+i)^n]

Cf= cash flow

For example:

Year 3= 450/(1.14^3)

NPV= $62.88

7 0
3 years ago
Why is the International System of Units (SI) used by scientists all over the world?
borishaifa [10]

Answer:

It allows scientists from disparate regions to use a single standard in communicating scientific data without vocabulary confusion.

Explanation:

8 0
2 years ago
The manufacturing overhead budget at Amrein Corporation is based on budgeted direct labor-hours. The direct labor budget indicat
Sergeeva-Olga [200]

Answer:

$51,790

Explanation:

Amrein Corporation Manufacturing Overhead Budget

August

Budgeted direct labor-hours 2,500

Variable manufacturing overhead rate $5

Variable manufacturing overhead $12,500

($2,500×$5)

Fixed manufacturing overhead $43,010

Total manufacturing overhead $55,510

($43,010+$12,500)

Less depreciation 3,750

Cash disbursement for manufacturing overhead $51,790

Therefore the August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $51,790

5 0
3 years ago
Read 2 more answers
Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS At the beginning of
vova2212 [387]

Answer and Explanation:

1. The computation of overhead rate based on direct labor cost is shown below:-

Overhead rate = Overhead applied × 100 ÷ Direct labor cost

= 888 × 100 ÷ 1,200

= 74%

2. The Preparation of job-order cost sheet for the four jobs is shown below:

Particulars                Job 86        Job 87        Job 88        Job 89

Beginning balance $6,888       $6,820

Direct materials       $3,000      $7,000         $2,100          $1,500

Direct labor              $800          $6,000        $900            $500

Applied overhead  

is 74% of direct labor $592           $4,440       $666            $370

Total                          $11,280       $24,260      $3,666      $2,370

3. The computation of ending balances of Work in Process and Finished Goods is shown below:-

Work in process of Job 88 = $3,666

Finished goods = Total of Job 86 + Total of Job 89

= $11,280 + $2,370

= $13,650

4. The computation of the Cost of Goods Sold for March is shown below:-

Cost of goods sold is

= Job 87

= $24,260

7 0
3 years ago
Insurance is the way a person or business is protected from :
nevsk [136]

Answer:

losing money

Explanation:

Helps save you from the out of pocket expense if something bad were to happen.

For example if your roof was damaged by a natural disaster it could cost thousnads of dollars out of a persons pocket.

Insurance will pay the cost to repair it allowing you to be protected from losing money.

3 0
2 years ago
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