Answer:
increase in cost of living of 9.09%
Explanation:
The cost of living for 2016 is goven as
(10 pizzas*$10) + (7 jeans * $40)+ (20 gallons of milk * $3)
= 100 + 280 + 60= $440
The cost of living from 2017 is
(10 pizzas*$14) + (7 jeans * $40)+ (20 gallons of milk * $3)
= 140 + 280 + 60
= $480
The percentage increase in cost of living between 2016 and 2017= (Cost of living in 2017/cost of living in 2016)* 100
= {480/440}* 100
= 109.09%
So there was a increase in cost of living of 9.09%
Answer:
$22,750
Explanation:
Data provided
Fixed manufacturing overhead = $16,500
Units produced = 5,000
Variable manufacturing overhead = $1.25
The computation of the total amount of manufacturing overhead cost is shown below:-
Manufacturing overhead = Fixed manufacturing overhead + Variable manufacturing overhead
= $16,500 + (5,000 × $1.25)
= $16,500 + $6,250
= $22,750
Answer:
Yes, as long as u know the limits :D.
Explanation:
Answer:
The amount of the tax on a bottle of wine is $5 per bottle. Of this amount, the burden that falls on consumers is $3 per bottle, and the burden that falls on producers is $2 per bottle. True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers.
Explanation:
The amount of the tax on a bottle of wine is $5 ($3 + $2).
The burden on consumers is $3 ($9 - $6), which is the difference between the after-tax purchase price and the before-tax purchase price for consumers. This implies that the burden passed to consumers is $3 out of the total tax burden of $5.
The burden on producers is $2 ($6 - $4) which represents the difference between before-tax selling price and the after-tax selling price for the producers. This means that the burden passed to producers is $2 out of the total tax burden of $5.
If the tax burden were passed to the producers alone, the selling price would have been more than $11 ($6 + 5). This would have reduced demand for wine as consumers would have been forced to bear the total burden. This would have made the tax unequitable. This would have been the case unless demand is inelastic. That means that the total demanded is not sensitive to price increases.
Answer:
MARIGOLD CORPORATION
Income Statement (Partial)
For the year ended December 31, 2020
Income from continuing operation $10,634,000
Discontinued operations
Loss from operation of discontinued $320,700
restaurant division(net of tax)
Loss from disposal of restaurant division $206,700 <u>$527,400</u>
(net of tax)
Net Income <u>$10,106,600</u>
Earnings per share
Income from discontinuing operations A 1.06
[10,634,000/10,000,000]
Loss from discontinued operations B <u>0.05</u>
[527,400/10,000,000]
Net Income A/B <u>1.01</u>
