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Aneli [31]
3 years ago
14

The income tax saved by using lifo instead of fifo is equal to the​ ________ times the income tax rate.

Business
1 answer:
marshall27 [118]3 years ago
3 0
C. cost of the ending inventory
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Suppose the government applies a specific tax to a good where the demand elasticity, E, is -1.4, and the supply elasticity, n, i
VMariaS [17]

Answer:

The correct answer is option D.

Explanation:

The demand elasticity is -1.4.

The supply elasticity is 1.2.

Since the demand is elastic, the imposition of tax will not be profitable for the government.

The imposition of tax will increase the price of the good, this will decrease the demand for good, thus the revenue will decrease.  

The tax incidence on consumers

= E (supply) / (E (demand)) + E (supply)  

= \frac{1.2}{1.2 - 1.4}

= \frac{1.2}{-0.2}

= -6

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2 years ago
Which of the following is not true about an informational interview?
Airida [17]

your answer should be “B.”

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3 years ago
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Job-Order Costing and Decision Making [LO2-1, LO2-2, LO2-3]
Anastaziya [24]

Answer:

a. $21 per machine hours

b. $4,855          

Explanation:

a. The computation of the plantwide predetermined overhead rate is shown below:

Plantwide predetermined overhead rate is

= Variable overhead cost rate per machine hour + Fixed overhead cost rate per machine hour

= $2 + (fixed manufacturing overhead cost ÷ Estimated machine hours)

= $2 + ($4,275,000 ÷  225,000 machine hours)

= $2 + $19

= $21 per machine hour

b. Now the total manufacturing cost assigned is

Particulars                                      Amount

Direct material                               $1,702        

Direct labor                                $1,221

Variable manufacturing overhead $168

(84 × $2)

Total variable cost                        $3,091

Add:

Fixed manufacturing overhead

(84 × $21)                                $1,764

Total manufacturing cost assigned

to Job P90                                    $4,855          

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2 years ago
what do economies of scale, the ownership of essential raw materials, and patents have in common? they must all be present befor
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what do economies of scale, the ownership of essential raw materials, and patents have in common? They are all barriers to entry.

Materials or substances used in the initial stages of producing or manufacturing items are known as raw materials. On commodity exchanges around the world, raw materials are commodities that are purchased and sold. Since raw materials, like labor and capital, are factors of production, traders buy and sell them on the factor market.

Various sorts of raw materials can be employed in a wide range of goods. The inventory or input commodities that a business needs to make its products are known as raw materials. For instance, a car manufacturer would employ steel used in the construction of vehicles as a raw material.

Learn More About raw materials:

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What is a database query?
Julli [10]

Answer:

is as request to access data from as database to manipulate it or retrieve it

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