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denpristay [2]
2 years ago
8

A consumer values a house at $525,000 and a producer values the same house at $485,000. If the transaction is completed at $510,

000, what amount of tax will result in unconsummated transaction? a. A tax of $14,000 b. A tax of $15,000 c. A tax of $9,000 d. A tax of $18,000
Business
1 answer:
REY [17]2 years ago
6 0

Answer:

d. A tax of $18,000

Explanation:

If the price is higher than $525,000 which is his reservation price, the buyer will not buy the good

(1+t) > $525,000 / $510,000

1+t > 1.03

t > 0.03

t > 3%

3% of $510,000 = $15,300. So if the tax is greater than $15,300, the buyer will not buy the good . Hence, the answer is option (D) A tax of $18,000 as this tax is higher than $15,300 while other option are less than $15,300

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Trace the evolution of legal status of American unions. What activities were restricted by laws and courts? Did constraints incr
dedylja [7]

Answer:

Trace the evolution of legal status of American unions.

Labor union increase in the late 1800's was mainly because of the poor working conditions, unfair wages, inequality and lack of benefits.

What activities were restricted by laws and courts?

Using the members dues for political purposes.

Did constraints increase or decline with time?

They have decline.

Explanation:

- The first union to get legal right was the National Labor Relations Act of 1935, or the Wagner Act, which at the time was considered the "Labor Bill of Rights", guaranteed the basic rights of employees to organize into unions, collectively bargain for better working conditions, and take collective action.

- There has been a general union constraints decline, as healthcare, restaurant, and hospitality jobs are among the fastest growing and, historically, these industries that have not had high unionization rates, this has been one of the biggest change composition of jobs in the US.

- States and public-sector unions may no longer extract agency fees from nonconsenting employees,” Justice Samuel A. Alito Jr. wrote for the majority. “. . . This procedure violates the First Amendment and cannot continue.”

8 0
3 years ago
In the Trial Balance:
Mariana [72]

Answer:

Option A

Explanation:

  • Debit is for increasing expenses and assets
  • Where as credit decreases them.

As per Newtons third law every action has a equal and opposite reaction

  • So every debit have a equal credit in trial balance.

Opt A is correct

6 0
2 years ago
The Allowance for Bad Debts has a credit balance of $ 9 comma 500 before the adjusting entry for bad debts expense. After analyz
Natali5045456 [20]

Answer:

$5,500

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Adjustments to allowance required

= $15,000 - $9,500

= $5,500

The entries to be posted are

Debit Bad debt $5,500

Credit Allowance for Doubtful debt $5,500

6 0
3 years ago
Farmer Joe is planning to purchase a new hog farm. He anticipates making $20,000 the first year, $25,000 the second year and $30
Pachacha [2.7K]

Answer:

The simple rate of return is 37.5%

Explanation:

Simple rate of return is the percentage of return on investment that takes the net annual return cash flow of an investment and compare with initial capital of the investment. It is calculated with this formula:

<u>Total annual return - Depreciation expense</u>

                Initial capital outlay

For farmer Joe, the simple rate of return is:

<u>$20,000 + $25,000 + $30,0000 -$0</u>     x   100

                    $200,000

=   <u>$75,000</u>  x 100

   $200,000

= 37.5%

Depreciation expense is assumed to be zero.

6 0
3 years ago
If there is a high demand for a product, then production will be__.
Cloud [144]

Answer:

the answer is b. increased

6 0
2 years ago
Read 2 more answers
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