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3 years ago

Government payments to suppliers are called excise taxes. True or False

Business

2 answers:

Anna71 [15]3 years ago

3 0

The answer to your question is TRUE

Sunny_sXe [5.5K]3 years ago

3 0

Answer: True

Government payments to suppliers are called excise taxes.

Explanation:

Excise taxes are indirect taxes that apply to certain goods (products), services, and activities. They are referred to as indirect taxes because the manufacturer of the products or services charge the purchaser tax for the product or service and later pass the payment on to the government. The revenue generated from excise taxes is used for specific needs in the society.

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The New Zealand dollar to U.S. dollar exchange rate is 1.35, and the British pound to U.S. dollar exchange rate is 0.61. If you

ExtremeBDS [4]

Answer:

The riskless profit is $0.2 per US dollar invested.

Explanation:

New Zealand dollar to US dollar exchange rate is 1.35

1 US dollar = 1.35 New Zealand dollars

1 New Zealand dollar = 0.54 pounds

Calculate the number of pounds that one can buy with 1.35 New Zealand dollars -

Number of pounds = 0.54 * 1.35

= 0.729 pounds

The number of pounds that one can buy with 1.35 New Zealand dollars is 0.729 pounds.

1 US dollar = 0.61 pounds

1 Pound = (1/0.61) US dollars

1 Pound = $1.64

Calculate the number of US dollars that one can buy with 0.729 pounds -

Number of US dollars = 0.729 * 1.64 = $1.2

The number of US dollars that one can buy with 0.729 pounds is $1.2

It can be seen that investing 1 US dollar and then cross conversion leads to a return of $1.2.

Riskless profit = $1.2 - $1 = $0.2

Therefore, The riskless profit is $0.2 per US dollar invested.

5 0

3 years ago

In a closed economy, saving and investment must be equal, but this is not the case in an open economy. In the following problem,

Leni [432]

Answer:

Y = C + I + G + NX

S = Y - C

S = I + G + NX

Explanation:

National Income Y = C + I + G + NX ; {where consumption, investment, government purchases, net exports ie exports - imports are corresponding expenditure of households, firms, government, rest of the world}

National Saving (S) is income (Y) left after paying for consumption (C) . So, S = Y - C

Using above equations, Y = C + S , Y = C + I + G + NX

C + S = C + I + G + NX

So, S = I + G + NX

4 0

3 years ago

Roberto Designers was organized on January 1, 2018. The firm was authorized to issue 140,000 shares of $5 par value common stock

Phoenix [80]

Answer:

The total stockholder's equity at the end of the year will be $352,000.

Explanation:

The issue of common stock at $7/share= 14,000*$7=$98,000

The issue of common stock at $8/share= 28,000*$8=$224,000

The net income is $140,000.

The dividends paid= $70,000.

Purchase of treasury stock= 4000*$10=$40,000

The total stockholder's equity

=The issue of common stock at $7/share+The issue of common stock at $8/share+The net income-The dividends paid-Purchase of treasury stock

=$98,000+$224,000+$140,000- $70,000-$40,000

=$352,000.

7 0

4 years ago

The Ralston Company manufactures a special line of graphic tubing items. The company estimates it will sell 87,000 units of this

Sergeeva-Olga [200]

Answer:Production budget for 2020 =77,000 units

Explanation:

Production budget also referred to as manufacturing budget tells a business the expected units needed to be produced which depends on the sales budget in the inventories ( both closing and opening) so as to meet customers demand.

Units produced = Projected sales + desired ending inventory – beginning inventory

Units Produced/ Production budget for 2020 =87,000 + 22,000 - 32,000

= 77,000 units

8 0

3 years ago

Suppose in country A, company B is a giant firm in the domestic smart- phone business with more than 70% market shares. Customer

Mazyrski [523]

Answer and Explanation:

a) The reason Company B installed unwanted apps could be because they have a contract with third party app development companies in which the third party firm pays them for installing their apps on their mobile phone. Also, since they have 70% of the market share, the third party companies know the dominant firm's mobile phones are bought by majority of the people Country A.

b) Possible reason could be that the company wants the consumers to have important apps pre-installed in their mobile phones so that they would not have to face the hassle of downloading the apps on their own. Basically for their convenience.

Monopoly is a market structure where one firm has absolute market power subject to government regulation. It includes unique product or no close substitution, market entry and exit is quite hard, non price competition is non existent. Therefore, as a lawyer representing the consumer, I would look into the above conditions that influence monopoly. Such as if the market entry of new entrants is hard or not. Also, since the firm holds 70% of the market share, it is quite evident that the firm is the single dominating company within the industry. This could be one of the major thing that could identify that this is a monopoly market structure.

c) In the case of being a lawyer and representing the firm, the best data I could gather is that mobile phone is not a unique product and the 30% of the market share is still catering to the demand of the people within Country A. Therefore, there is potential for other firms to launch a mobile phone which has no pre-installed apps and customers could buy their product.

6 0

4 years ago