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3 years ago

10

True or false: While taxpayers benefit from government-provided programs and services, such as national defense and law enforcem

ent, taxes paid are NOT directly related to any specific benefit received by the taxpayer.

1 answer:

polet [3.4K]3 years ago

4 0

Answer:

True

Explanation:

Taxes paid are NOT directly related to any specific benefit received by the taxpayer.

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Solution:

The home sells for = $120000

The commission that is paid by the seller is 3 percent

Therefore, commission = 3% of $120000 = $3600

The sales-person is on a 65 percent commission schedule with her broker which means that the saleperson gets the 65 percent amount of the commission.

Thus, the amount which is received by the salesperson from the given transaction is = 65% of $3600 = $2340

Therefore, the salesperson receives $2340 amount from the said transaction.

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Rose Company had no short-term investments prior to this year. It had the following transactions this year involving short-term

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Explanation:

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Cr Cash 144000

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Oct-1. Dr Cash (1.60 *3000) 4800

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Cr Dividend income 9600

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3 years ago

Professor Smith and Professor Jones are going to produce a new introductory textbook. As true scientists, they have laid out the

stepan [7]

Answer:

(a) It will take Jones 25 hours to produce a finished book of 150 pages

(b) The marginal cost of the 150th page of the finished book is $4

The marginal cost of the 300th page of the finished book is $8

Explanation:

q= $S^{1/2}$ $J^{1/2}$ = $\sqrt{SJ}$

q = the number of pages in the finished book

S = the number of working hours spent by Smith

J = the number of hours spent working by Jones.

For first draft, smith works for 900 hours at $3 per working hour

q = $\sqrt{900J}$

q= $\sqrt{900}$ × $\sqrt{J}$

q = 30 × $\sqrt{J}$

$\frac{q}{30}$ = $\sqrt{J}$ , squaring both sides we have,

( $\frac{q}{30}$ )² = J

(a) Since Jones has to produce a book of 150 pages and Smith worked 900 hours on it,

q = 150, S = 900 , J = ?

J = ( $\frac{150}{30}$ )² = 5²

J = 25

Therefore, it would take 25 hours for Jones to produce a book of 150 pages.

(b) ( $\frac{q}{30}$ )² = J

Since Smith worked for 900 hours at $3 per working hour, his total cost of work is = 900 × $3 = $2,700.

Jones total cost of work at $12 per working hour = $12J

Total cost of work, C = $2,700 + $12J

C = $2,700 + $12( $\frac{q}{30}$ )²

Marginal cost, MC = $\frac{dC}{dq}$

= $\frac{d}{dq}$ [$2,700 + $12( $\frac{q}{30}$ )²]

= $\frac{4q}{150}$

if q = 150, MC = $\frac{4*150}{150}$

= $4

if q = 300, MC = $\frac{4*300}{150}$ = $8

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3 years ago