A 401(k) account is very valuable because _____

A unit tax of $1 has been levied on a good. The equilibrium price of the good will most likely A. remain unchanged. B. decrease

sashaice [31]

Answer: The equilibrium price is most likely to "DECREASE BY $1". Option c is the most correct option.

Explanation: A unit tax of $1 is the tax on the sales of the unit. In a supply demand curve, an increase in the sales tax will cause the curve to shift inwardly, thereby showing a decrease in the equilibrium price of the curve.

Equilibrium price is the point where the amount suppllied is equal to the consumers demand at a stable price.

For $1 unit tax to be levied on the goods, it will increase the price of the goods by $1, which will reduce supply by $1, therefore the equilibrium price will decrease by $1 to adjust itself on the new changes.

3 0

3 years ago

Read 2 more answers

At the beginning of July, CD City has a balance in inventory of $2,850. The following transactions occur during the month of Jul

myrzilka [38]

Answer:

Inventory 1750 debit

Accounts Payable 1,750 credit

--to record purchase--

Inventory 120 debit

Cash 120 credit

--to record payment of freights--

Accounts Payable 400 debit

Inventory 400 credit

--to record returned goods--

Accounts Payable 1350 debit

Inventory 27 credit

Cash 1323 credit

--to record payment within discount--

Accounts Receivables 4700 debit

Sales Revenues 4700 credit

--to record sale--

COGS 2450 debit

Inventory 2450 credit

--to record COGS of the previous sale--

Cash 4700 debit

Accounts Receivables 4700 credit

--to record collection in full amount--

Inventory 2550 debit

Accounts Payable 2550 credit

--to record purchase--

Accounts Receivables 3650 debit

Sales Revenues 3650 credit

--to record sale--

COGS 1950 debit

Inventory 1950 credit

--to record COGS of the previous sale--

Accounts Payable 190 debit

Inventory 190 credit

--to record returned goods--

Accounts Payable 2360 debit

Inventory 47.2 credit

Cash 2312.8 credit

--to record payment within discount--

Explanation:

We reocrd each entry assuming the basic accounting principles

debit = credit

<u>first purchase balance:</u>

1,750 less 400 return = 1,350

discount 1,350 x 2% = 27

cash outlay 1,350 - 27 = 1,323

<u>second purchase balance:</u>

2,550 less 190= 2,360 balance

discount 2,360 x 2% discount = 47.20

cash outlay 2,360 - 47.20 = 2312.8

4 0

3 years ago

AlwaysRain Irrigation, Inc., would like to determine capacity requirements for the next

Katarina [22]

Answer:

For plastic

Year 1 97,000 units per year and 2 operators

Year 2 115,000 units per year and 3 operators

Year 3 136000 units per year and 3 operators

Year 4 141000 units per year and 3 operators

For bronze

Year 1 21000 units per year, 2 machines and 4 operators in total

Year 2 24000 units per year, 2 machines and 4 operators in total

Year 3 29000 units per year, 3 machines, 5 operators in total

Year 4 34000 units per year, 3 machines, 6 operators in total

Explanation:

for plastic,

since there is only one machine that is operated by 4 operators,

Units per operator= Machine speed/number of operator

= 200,000/4

= 50,000 units per operator

so for year 1, for 97,000 units 2 operators will be enough and for year 2, year 3 and year 4, 3 operators will be enough

for Bronze

since there are 3 machines and total number of 6 operators,

Units per operator= sum of speed of all machines/total number of operator

= 36000/6

= 6,000 units per operator

so for year 1 for 21,000 units per year, 4 operators will be required (6000×4) with 2 machines

for year 2 for 24000 units per year, 4 operators will be requried with 2 machines

for year 3 for 29,000 units per year, 3 machines will be required with 5 operators to meet the demand

for year 4 for 34,000 units, 3 machines will be requried with 6 operators

4 0

3 years ago

When Crossett Corporation was organized in January Year 1, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative

hichkok12 [17]

Answer:

The correct answer is $12,000.

Explanation:

According to the scenario, the given data are as follows:

Shares issues On Jan.1 Year 1 = 4,000 shares

Par value of shares = $50 par

Cumulative preferred stock = 6%

So, we can calculate the dividend arrearage as of January 1, Year 2 by using following formula:

Dividend as of Jan.1, year 2 = Shares issues On Jan.1 Year 1 × Par value of shares × Cumulative preferred stock

= 4,000 × $50 × 6%

= $12,000

3 0

3 years ago

Which of the following is the correct order of market structure from most competitive to least?

ankoles [38]

Answer:

Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly

Explanation:

In perfect competition, many sellers are competing to sell an identical product. The market has very many small suppliers. No single supplier dominates the market, meaning no seller has the power to influence the price. The market has very many buyers as well. Suppliers have the freedom to enter or exit the market with ease.

Monopolist competition has very many sellers selling similar but differentiated products. Due to the differentiated aspect, sellers can set the prices for their products. The market has very many buyers.

An oligopoly is where a few big suppliers dominate the market. The oligopoly market may have other smaller suppliers whose market share is a small percentage. Oligopoly may stock or manufacture identical or differentiated products.

A monopoly is where a dominant supplier is selling a particular product without competition. Only one supplier is selling that type of product. An oligopoly can sell lifetime solutions through books.

3 0

3 years ago

A 401(k) account is very valuable because ______.