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3 years ago

7

Many states tax cigarette purchases. Suppose that smokers are unhappy about paying the extra charge for their cigarettes. If the

state imposed the tax on the stores that sell the cigarettes rather than on smokers, it will__________.

1 answer:

Llana [10]3 years ago

3 0

Answer: increase sales

Explanation:

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Question Workspace Productivity a. is nearly the same across countries, and so provides no help explaining differences in the st

laiz [17]

Answer:

The correct answer is letter "D": explains most of the differences in the standard of living across countries.

Explanation:

Productivity is an economic term that describes the relationship between output and inputs needed to produce those outputs. It measures effectiveness. The total production of a country given a period is calculated in its Gross Domestic Product (GDP).

When the GDP is divided by the total population of a country it is called GDP per capita which reflects the average expenditure of individuals. This metric allows having an idea of what the lifestyles of those people are. Usually, <em>smaller wealthy countries such as Switzerland have higher GDP per capita showing a better quality of life.</em>

6 0

3 years ago

Kurt has 25/50/25 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a store

larisa86 [58]

Answer:

A. $25,000

B. $4,300

Explanation:

A. Calculation to determine What amount will the insurance company pay for the damages

Using this formula

Insurance payment=(Claim amount, Policy limit)

Let plug in the formula

Insurance payment= $25,000

Therefore the amount that the insurance company will pay for the damages is $25,000

B. Calculation to determine What amount will Kurt have to pay

Using this formula

Personal liability=Claim amount - Insurance payment

Let plug in the formula

Personal liability=($9,000 + $20,300) - $25,000

Personal liability=$29,300-$25,000

Personal liability=$4,300

Therefore Kurt have to pay $4,300

8 0

2 years ago

Either more sellers in the market or lower production costs can cause supply to _____ at each price level.

Otrada [13]

Increase or shift right because if the cost of production goes down then the supplier can make more products for less money therefore making the supply of a good more. if there are more supplier then the same thing happens. more product in the market.

4 0

2 years ago

Read 2 more answers

You are an international shrimp trader. A food producer in the Czech Republic offers to pay you 2.2 million Czech koruna today i

fredd [130]

Answer: The value of this exchange is $8,816.05.

Explanation:

The problem is dealing with a simple case of arbitrage of exchange rates: Lets assume that

k = koruna

b = baht

Step 1:

Sales Revenue = k2,200,000

(To get USD amount : $\frac{2,200,000}{25.36}=$86,750.7886$

Purchase Cost = b3,200,000

(To get USD amount : $\frac{3,200,000}{41.06}=$77,934.7297$

Step 2:

Profit = Sales Revenue - Purchase cost

= $86,750.7886 - $77,934.7297

= $8,816.0589

The value of this exchange is $8,816.05.

4 0

3 years ago

Clothing Frontiers began operations on January 1 and engages n the following transactions during the year related to stockholder

Anna11 [10]

Answer:

1. Record the transaction assuming Clothing Frontiers has no-par common stock.

January 1, issuance of 600 stocks

Dr Cash 24,000

Cr Common stock 24,000

April 1, issuance of 100 stocks

Dr Cash 4,400

Cr Common stock 4,400

2. Record the transactions, assuming Clothing Frontiers has either $1 par value or 41 stated value common stock.

January 1, issuance of 600 stocks

Dr Cash 24,000

Cr Common stock 600

Cr Additional paid in capital 23,400

April 1, issuance of 100 stocks

Dr Cash 100

Cr Common stock 100

Cr Additional paid in capital 4,300

8 0

2 years ago