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madam [21]
2 years ago
14

Assuming a normal upward-sloping supply curve and downward-sloping demand curve, if the government imposes a $5 excise tax on le

ather shoes and collects the tax from the suppliers, the price of leather shoes will: a) increase by more than $5. b) increase by $5 c) increase, but we cannot determine by how much. d) increase by less than $5.
Business
1 answer:
Inga [223]2 years ago
5 0

Answer:

Option D......increase by less than $5

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Which technology will a business use to identify unauthorized access to intranet sites or files by its employees?
Brums [2.3K]

your answer is computer forensics

4 0
3 years ago
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The regular distribution of lollipops, toys, or treats every Friday is an example of a ________that helps reinforce Nunya's cult
harina [27]

Answer:

It is an example of a material symbol that helps reinforce Nunya's culture

6 0
3 years ago
The following data relate to direct materials costs for November: Actual costs 4,700 pounds at $5.40 Standard costs 4,500 pounds
Vera_Pavlovna [14]

$2,820 favorable

Calculation to determine direct materials quantity variance

Using this formula:

Direct materials price variance = (Actual materials cost per lb. - Standard materials cost per lb.) × Actual quantity lb

Direct materials price variance = ($5.40 - $6.00) × 4,700 lbs.

Direct materials price variance = (-$0.60) × 4,700 lbs.

Direct materials price variance = $2,820 favorable

Therefore the direct materials price variance is $2,820 favorable.

Direct material costs:

are the costs of raw materials or parts that go directly into producing products. For example, if Company A is a toy manufacturer, an example of a direct material cost would be the plastic used to make the toys.

Why is direct materials important?

Direct materials is an important concept in throughput analysis, where throughput is the revenue generated by a product sale, less all totally variable costs. In most situations, the only totally variable costs associated with a product are its direct materials.

What do you mean by actual cost?

In accounting, Actual Cost refers to the amount of money that was paid to acquire a product or asset. This could be the historical, past, or present-day cost of the product

What do you mean by standard cost?

A standard cost is the budgeted cost of a regular manufacturing process against which actual costs are compared. Of course, if a new product, service, or process is to be carried out, the initial standard costs will have to be estimated.

Learn more about direct costs:

brainly.com/question/21104316

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6 0
1 year ago
Each Cutco knife goes through 30 steps to ensure that it meets the firm's standards and provides a good value for a premium prod
ladessa [460]

Answer:

Quality control

Explanation:

Quality control is a system of maintaining quality by periodically testing a sample of the output to ensure that is within the specifications.

4 0
3 years ago
Buyers Sam and Linda Pope are entering into a contract with sellers, Jim and Alana Jones in which part of the sale price of the
Alina [70]

Answer:

d) Installment sales contract

Explanation:

A contract is described as an agreement between two or more parties commits to undertakes specific obligations.  In a sale contract, the buyer and seller agree to the exchange or foods or services for a consideration called price.

An installment sale contract is an agreement that allows the buyer to make payment for the goods or services over time. Once an agreement has bee reached, the buyer takes possession of products and is free to use them. The buyer makes regular payments for the goods (installments) and will claim ownership upon completing payments. An installment sale contract is a form of credit sale.

8 0
3 years ago
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