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vovikov84 [41]
3 years ago
11

C. assume that we are back to talking about bags of oranges (a private good), but that the government has decided that tossed or

ange peels impose a negative externality on the public that must be rectified by imposing a $4-per-bag tax on sellers. what is the new equilibrium price? p* = $ . what is the new equilibrium quantity? q* = bag(s). if the new equilibrium quantity is the optimal quantity, by how many bags were oranges being overproduced before? q* = bag(s).
Business
1 answer:
Natali [406]3 years ago
5 0
<span>If the government has decided that tossed orange peels impose a negative on the public that must be rectified by imposing a $4 per bag, then the new equilibrium price is, p* = $9 ( when the quantity of bag is 1) In that time the new equilibrium quantity is, q* = 5 bag(s). If the new equilibrium quantity (5) is the optimal quantity, before some bags were oranges being overproduced that is, q* = 1 bag(s)</span>
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Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its
Irina18 [472]

Answer:

$34.44 and $162,556.80

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)

= ($157,400) ÷ (4,570 machine hours)

= $34.44

Now the applied manufacturing overhead is

= Actual machine hours × predetermined overhead rate

= 4,720 machine hours × $34.44

= $162,556.80

3 0
3 years ago
Which of the following is a visual cue that would signal important information in class?
Nookie1986 [14]

Answer:

a

Explanation:

cause it is

6 0
3 years ago
If one unit of Product Z2 used $2.00 of direct materials and $3.40 of direct labor, sold for $11.00, and was assigned overhead a
zheka24 [161]

Answer:

Gross profit= $4.75

Explanation:

Giving the following information:

Product Z2:

$2.00 of direct materials

$3.40 of direct labor.

sold for $11.00.

Designated overhead at the rate of 25% of direct labor costs.

Gross profit= sales - direct material - direct labor - manufacturing overhead

Gross profit= 11 - 2 - 3.4 - (3.4*0.25)= $4.75

4 0
3 years ago
Income statement data for Whirlpool Industries from the company’s 2016 financial statements follow. Use these data to reformulat
Blababa [14]

1. The computation of the adjustments to warranty expense, income tax expense, and net income and the reformulation of the income statement for 2014, 2015, and 2016 for Whirlpool Industries are as follows:

12 Months Ended ($ millions)   Dec. 31, 2016    Dec. 31, 2015    Dec. 31, 2014

Net sales                                        $23,928              $24,101            $23,082

Warranty expense                               366                     610                    372

Taxable income                            $23,562             $23,491             $22,710

Tax expenses (30%)                      $7,069               $7,047               $6,813

Net income                                  $16,493             $16,444            $15,897

2. The computation of the average warranty expense to net sales rate over the past three years is as follows:

12 Months Ended ($ millions)   Dec. 31, 2016    Dec. 31, 2015    Dec. 31, 2014

Net sales                                        $23,928              $24,101            $23,082

Warranty expense                                366                     610                    372

Warranty expenses to

 net sales rate                              1.5296%             2.5310%              1.6116%

Average warranty expenses to net sales rate = 1.89% (5.6722/3)

<h3>Data and Calculations:</h3>

12 Months Ended ($ millions)   Dec. 31, 2016    Dec. 31, 2015    Dec. 31, 2014

Net sales                                        $23,928              $24,101            $23,082

Warranty expense                                366                     610                    372

Warranty expenses to

 net sales rate                              1.5296%             2.5310%              1.6116%

Average warranty expenses to net sales rate = 1.89% (5.6722/3)

Thus, the average warranty expense to net sales rate over the past three years is <u>1.89%</u>.

Learn more about preparing income statements at brainly.com/question/24498019

3 0
2 years ago
For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $1,200 for six months of insurance c
kenny6666 [7]

Answer:

Explanation:

The adjusting entries are shown below:

1. Insurance expense A/c Dr $1,200

         To Prepaid insurance A/c             $1,200

(Being prepaid insurance is adjusted)

2. Supplies expense A/c Dr $6,200

        To supplies A/c                             $6,200

(Being supplies adjusted)

The supplies at the end of the year is computed below:

= Supplies account balance + purchase of supplies - available  supplies

= $5,000 + $2,000 - $800

= $6,200

5 0
2 years ago
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