Answer:
(a) P = 80 and Q= 100
(b) P = 80.57 and Q= 97.15
(c) Tax revenue = 194.3
Explanation:
Qd= 500 - 5P
Qs = 2P - 60
(a)
In equilibrium
Putting this value of P back into the Qd or Qs equation
Thus, equilibrium price is 80 and equilibrium quantity is 100
(b)
When a tax is imposed the supply curve shifts up to the left by the amount of the tax. The new supply curve is given by
The new equilibrium is
Substitute it into Qs or Qd we get
(c)
Answer: The correct answer is "d. A capital loss of $30,000 and an ordinary loss of $50,000.".
Explanation: With respect to the sale, Art has:<u> A capital loss of $30,000 and an ordinary loss of $50,000.</u>
For the shares of $ 1244 the basis is $ 120000, when Art sells the shares at $ 50,000 the loss is $ 70,000 but as Art is not married the ordinary loss that corresponds to it is $ 50,000 and $ 30,000 correspond to the remaining capital loss.
The journal entry to record the inventory shrinkage is :Debit Cost of goods sold $18,600; Credit Inventory $18,600.
<h3>Inventory shrinkage</h3>
Based on the information given the appropriate the journal entry to record the inventory shrinkage is :
Debit Cost of goods sold $18,600
Credit Inventory $18,600
($12,400+$39,800-$33,600)
(To record inventory shrinkage)
Inconclusion the journal entry to record the inventory shrinkage is :Debit Cost of goods sold $18,600; Credit Inventory $18,600
Learn more about inventory shrinkage here:brainly.com/question/6233622
Answer:
B
Explanation:
Bid rotation is when contractors collude and take turns in winning a bid. Colluding contractors submit bids but take turns being the low bidder.
Bid-tailoring is when an employee in collusion with a contractor tailors bid specifications to give an unfair advantage to a certain contractor.
Complementary bids are bids intended only to give the appearance of a genuine bid. Colluding bidders submit higher priced or deliberately defective bids to in order to ensure the selection of the designated winner at inflated prices.
Phantom bids are fake bids
Answer:
Gain per share = $1.58
Total dollar return on investment = $632
Explanation:
In order to calculate the total dollar return on investment we will first calculate the dollar return on one share and then multiply it by the total number of shares.
Share was bought at the initial price of 53 and it paid a dividend of 0.58 and sold for 54. Gain = Selling Price-Buying Price + Dividend.
Gain per share = 54-53+0.58=1.58
Total dollar return= 1.58*400=$632