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Brut [27]
3 years ago
6

Suppose that the government imposes a​ $2 a cup tax on coffee. The rise in the price of a Starbucks coffee will be​ ______, coff

ee. The number of cups of coffee bought in coffee shops will​ _______.
Business
1 answer:
Scrat [10]3 years ago
5 0

Answer:

increase, decrease

Explanation:

In simple words, when the tax was imposed on the product the company will ultimately bear it to the final consumer which means the price will rise. However when the price of the product rises the demand for that product decreases due to the fact that many individuals would not be able to buy it now from their limited income, this phenomenon is called price elasticity due to income.

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At the beginning of the period, the Cutting Department budgeted direct labor of $30,000 and supervisor salaries of $20,000 for 3
frutty [35]

Answer:

Total labor cost= $70,000

Explanation:

<u>The supervisor salary is a fixed labor cost, it is unlikely that would change with production.</u>

<u>First, we need to calculate the unitary variable direct labor hour:</u>

Unitary variable direct labor hour= 30,000 / 3,000

Unitary labor hour= $10

<u>Now, the flexible budget for 5,000 hours:</u>

Fixed cost= 20,000

Variable cost= 10*5,000= 50,000

Total labor cost= $70,000

3 0
3 years ago
The following cost data pertain to the operations of Rademaker Department Stores, Inc., for the month of March. Corporate headqu
TEA [102]

Answer:

The answer is c. $40,700.

Explanation:

The direct costs of the Cosmetics Department are all the costs which are incurred for the operations & revenue generating activities of the Cosmetics Department only; which may be incurred at the Department itself or at other Department(s)/Store(s) which the purposes are for serving the Cosmestic Department.

Thus, these costs include the following cost items:

Cosmetics Department sales commissions--Northridge Store +  Cosmetics Department cost of sales--Northridge Store + Cosmetics Department manager's salary = $5,160 + $31,300 + $4,240 = $40,700.

So, the answer is c. $40,700

3 0
4 years ago
Veronica’s Dress Shop marked down a pair of shoes 15% if the customer purchased them with a dress or pantsuit. The shoes’ sale p
34kurt
Multiply .15 by $59.00. That number is the discount off of the $59. This number comes out to be $8.85. Now subtract that from 59. This number comes out to $50.15. That would be the price of the shoes. <span />
5 0
4 years ago
A(n) _____ is used by employers to collect information about individuals applying for a job and becomes part of a hired employee
marysya [2.9K]
<span>A resume/biodata is used by employers to collect information about individuals applying for a job and becomes part of a hired employee’s permanent file.
</span>

It is a document used by a person to present their backgrounds and skills. Résumés can be used for a variety of reasons, but most often they are used to secure new employment. 

3 0
3 years ago
Read 2 more answers
The ACC Tutoring Service provides tutoring to accounting students. The volume of tutoring is low at the beginning of the semeste
mrs_skeptik [129]

Answer:

Estimated fixed cost is $17,500.

Explanation:

Applying the high-low method, first, we calculated the variable cost per unit of the firm: ( 125,000 - 55,000) / (4,300 - 1,500) = $25 per tutoring hour.

We have : Total cost of a firm = Variable cost per tutoring hour x tutoring hour delivered + fixed cost.

put the number in the formula, using the high point ( using low point will also result in the same result of fixed cost), we have:

125,000 = 25 x 4,300 + fixed cost <=> Fixed cost = 125,000 - 25 x 4,300 = $17,500.

8 0
3 years ago
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