1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Levart [38]
3 years ago
8

The mayor of Workerville proposes a local payroll tax to fund a new water park for the city. The mayor proposes to collect half

the tax from workers and half the tax from firms. The mayor will be able to successfully divide the burden of the tax equally if the
demand for labor and supply of labor are equally elastic.(T/F)
Business
1 answer:
scZoUnD [109]3 years ago
7 0

Answer:

It is true because the mayor will be able to divide successfully the burden of the tax equally if the demand for labor and supply of labor are similarly elastic.

<u>Explanation:</u>

If the labor demand curve is elastic, a little reduction in the compensation will be adequate to build the amount of labor requested to assimilate the expanded inventory. In either case, the harmony will be reestablished with a little change in the pay.

The extent of the impact of welfare change on wages and labor is profoundly subject to the versatility of work requests and work supply. The effect of the versatility of work request and work supply on the rate change in wages and business can be gotten by separating different elasticity's .

<u></u>

<u />

You might be interested in
Imagine that you are a parent, and your child is going to college in 4 years. Tuition fees amount to $16,000 a year for each of
LiRa [457]

Answer:

lump sum money= $52653

Explanation:

Giving the following information:

Your child is going to college in 4 years.

Tuition fees amount to $16,000 a year for each of the 4 years.

You plan on depositing a lump sum of money today in a bank account paying 5% interest a year.

The first tuition fee payment you make will be 4 years from now.

FV= 16000*4= $64000

n= 4 years

i= 0.05

We need to find the annual payments:

PV= FV/(1+i)^n

PV= 64000/1.05^4= $52653

7 0
3 years ago
1/1/2019 sally miller purchased $500 of merchandise on account; the cost of the item is $310
timofeeve [1]

<u>Solution and Explanation:</u>

date                           Particulars                                  Debit                    Credit

1st january, 2019    Account receivable                  500

                                Sales revenue                                                            500

                    (To record sales on account)

                        Cost of goods sold                              310

                       Merchandise inventory                                                      310

             (To record cost of goods sold)

31st january, 2019       Notes receivable                     500

                                 Accounts receivable                                                 500

(To record notes receivable for the 60 days at the rate of 6 percent)

1st April, 2019 Allowances for Doubtfull accounts          500

                        Notes receivable                                                                500

(In order to write off Sally Millers account, no interest revenue is to be recognised)

2nd May, 2019           Notes receivable                             500

                              Allowances for doubtful debts                                     500

( in order to record re-instatement)

2nd May, 2019             Cash                                                  507.50

                                  Notes receivable                                                        500

                               Interest revenue                                                             7.5

( In order to record the payment received)

3 0
3 years ago
Lito is a Brokerage Clerk. Which sentence best describes Lito’s job?
sergiy2304 [10]

Answer:

D just did it

Explanation:

7 0
3 years ago
Read 2 more answers
Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.)
Mila [183]

Answer: Cost of Goods sold

Explanation:

Common size analysis refers to making all entries in the income statement, a percentage of sales for that year.

Current Year                                                      Prior Year

Sales                                      100%                           100%

Cost of Goods sold               75.7%                          46.5%

Gross Profit                            24.3%                          53.5%

Operating expenses             17.3%                             35%

Net Income                              7.0%                            18.5%

<em>Looking at the percentages above, one can see that the COGS increased the most from the previous year by going from 46.5% to 75.7% representing an increase of 29.2%.</em>

<em>This had the most impact on Net income as it substantially reduced Gross profit. </em>

8 0
3 years ago
The difference between your sales and your cost of goods sold is known as your what
Anettt [7]

Answer:

profit.

Explanation: its just right

8 0
3 years ago
Other questions:
  • You go to an all-you-can-eat buffet. if you maximize utility, the marginal utility of the last bite that you eat will be:
    8·1 answer
  • A homesteaded property is located in Pensacola, Florida, in Escambia County. The city tax rate is 8.8 mills, the county tax rate
    13·1 answer
  • Scenario planning is a useful technique for firms competing in industries characterized by __________ and ____________.
    5·1 answer
  • A checking account is sometimes called a..
    12·2 answers
  • Do It! Review 9-1 Pharoah Company purchased a delivery truck. The total cash payment was $43,222, including the following items.
    12·1 answer
  • How can being part of an organization help you get a job?
    13·1 answer
  • Journalize entries for the following related transactions of Lilly Heating &amp; Air Company using the net method under a perpet
    13·1 answer
  • "Sally is in charge of erecting billboards along highways. The billboards display the logos of newly launched brands in the mark
    7·1 answer
  • The balance in the unearned fees account, before adjustment at the end of the year, is $14,530. Journalize the adjusting entry r
    12·1 answer
  • Accounting profit is typically rev: 06_26_2018 Multiple Choice smaller than economic profit because the former does not take imp
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!