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2 years ago

A deadweight loss is a consequence of a tax on a good because the tax

Business

1 answer:

mamaluj [8]2 years ago

4 0

Answer:

b. induces buyers to consume less, and sellers to produce less.

Explanation:

Because of the increase of tax on each good, it will cause a deadweight loss. At higher tax rates we consumers tend to consume less, the decrease in demand will inevitably decrease the supply therefore sellers will produce less.

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When Ronaldo bought his new flat-screen television, he was surprised at the cost differences between some of the models. When he

Stella [2.4K]

Answer:

Explanation:

lie is not the right term to use in this situation because the salesperson didn't really lie its more of he left some facts about the expensive converter box which is best expressed as omission

4 0

3 years ago

If you work your entire life, then you will be adequately prepared for retirement, even without a retirement plan in place.

bija089 [108]

Answer:

all are False

Explanation:

1. Working in the US does nothing to ensure you will have an adequate retirement benefit. Social security may provide a little income, but usually won't pay the rent.

2. 403(b) plans may be offered by some tax-exempt organizations--not by corporations. Corporations may offer a 401(k) plan.

3. IRA stands for "Individual Retirement Account."

4. It is a good idea to invest in a retirement account at a young age so you can take advantage of interest compounding. Using the money for anything other than retirement is not recommended.

6 0

2 years ago

Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its y

uysha [10]

Answer:

$43,030

Explanation:

IAS 2 Inventories states that inventory is to be recognized at cost, however, subsequent measurement requires that inventory be carried at the lower of cost or net realizable amount (NRV).

As such, where the cost of inventory is higher than the NRV, it is written down to the NRV using the following entries,

Debit Inventory write off/Cost of goods sold

Credit Inventory account

with the difference between the cost and the NRV.

Inventory Quantity Unit Cost Unit NRV New unit cost

Furniture 230 $88 $103 $88

Electronics 53 $430 $315 $315

From the analysis above, the cost of inventory is lower than the NRV for Furniture, hence no adjustment is required. However, the cost of Electronics is higher than the NRV hence a write down is required. This amount is

= ($430 - $315) × 53

=$115 × 53

= $6,095

Total recorded cost(ending) of inventory before any adjustment

= (230 × $88) + (53 × $430)

= $43,030

5 0

3 years ago

A company is considering investing in a new machine that requires a cash payment of $38,198 today. The machine will generate ann

PolarNik [594]

Answer:

Internal rate of return = 12%

Explanation:

Below is the calculation of internal rate of return:

The new machine requires cash payment = $38198

Annual cash flows = $15904

Time period = 3 years

First divide the cash payment with the annual cash flow and then look at the factor table to find the interest rate at 3rd year.

Factor = 38198 / 15904 = 2.40

Now look the value 2.40 in the table:

Thus Internal rate of return = 12%

6 0

2 years ago

J.D. Power and Associates surveys new automobile owners to learn about the quality of recently purchased vehicles. The following

lorasvet [3.4K]

Answer:

a. Did you purchase or lease the vehicle? CATEGORICAL DATA

b. What price did you pay? QUANTITATIVE DATA

c. What is the overall attractiveness of your vehicle's exterior? (Unacceptable, Average, Outstanding, or Truly Exceptional) CATEGORICAL DATA

d. What is your average miles-per-gallon? QUANTITATIVE DATA

e. What is your overall rating of your new vehicle? (l- to 10-point scale with 1 Unacceptable and 10 Truly Exceptional) QUANTITATIVE DATA

Explanation:

Quantitative data can be measured in numbers, e.g. 20 miles per gallon. While categorical data refers to non-numerical responses, e.g. higher quality, better looks, and is generally obtained by choosing one response from a group of available answers.

5 0

3 years ago