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4 years ago

Why do government regulations lead to higher prices for consumers?

1 answer:

6 0

Government regulations mandate production or testing requirements to ensure the quality and safety of products. This typically means specialized equipment is needed to produce the product, more employees are needed to perform quality control tests, and possibly higher quality raw materials must be used. The cost of producing the product increases with the higher quality materials, new equipment acquisition, and additional paid employee time. These added production costs are then passed on to the consumer in the final price of the product.

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You bought 1,000 shares of Tund Corp. stock for $60.59 per share and sold it for $82.35 per share after a few years. How will yo

ahrayia [7]

Answer:

gain will treat as capital gain at long term tax rate

Explanation:

given data

bought shares = 1,000

stock for = $60.59 per share

sold = $82.35 per share

solution

as gain from sale of stocks is held for an investment purpose and it is treated as capital gain

when stock is here held for more than year

so gain is taxed as long term capital gain

and when gain is less than year than gain taxed short term capital gain

but here we have given stock for more than year

so here gain will treat as capital gain at long term tax rate

4 0

3 years ago

On January 1, 2020, Jacobs Company sells land financed through a $16,000 note, issued by Andress Company. The note is a $16,000,

Vlad [161]

Answer:

Note: See attached picture for journal entry schedule for the question

Fair Value of Land = -PV(I, N, PMT, FV, Type)

Fair Value of Land = -PV(8%, 2, 16000*4%, 16000, 0)

Fair Value of Land = -PV(8%,2,640,16000,0)

Fair Value of Land = $14,859

Journal Entry

Date Account tile and explanation Debit Credit

Jan. 1 Notes Receivable $16,000

To, Discount on Notes $1,141

To, Land $14,859

Dec. 31 Cash $640

Discount on Notes $549

To, Interest Revenue (14859*8%) $1,189

Dec. 31 Cash $640

Discount on Notes $593

To, Interest Revenue (14859+549)*8% $1,233

Dec. 31 Cash $16,000

To, Notes Receivable $16,000

3 0

3 years ago

Cooper Grant is the president of Acme Brush of Brazil the wholly owned Brazilian subsidiary of U.S.-based Acme Brush Inc. Cooper

jarptica [38.1K]

Answer:

THINKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK

Explanation:

4 0

4 years ago

Assume that Sallisaw Sideboards, Inc. had a retained earnings balance of $10,000 on April 1, and that the company had the follow

algol13

Answer:

$11,400

Explanation:

Calculation to determine What was Sallisaw's retained earnings balance at the end of April

First step is to calculate the Net income for the month of April

April Net income=$2,000+$900-$800-$700

April Net income=$1,400

Now let calculate the Retained earnings at the end of April

April Retained earnings=$10,000+$1,400=$11,400

April Retained earnings= $11,400

Therefore What was Sallisaw's retained earnings balance at the end of April is $11,400

7 0

3 years ago

Last month, Katherine received her January bank statement in the mail, showing a balance of $1518.78. The following were not sho

yuradex [85]

Answer:

$1, 481.198

Explanation:

Katherine's adjusted balance is the balance at the bank after considering the omitted transactions.

Balance as per bank: $1,518.78.

Add omitted deposit: $125.788

$ 1, 644.568

less debit charges

( $49.44+$113.93) $163.37

$ 1,481. 198

Adjusted balance $ 1,481. 198

5 0

3 years ago