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3 years ago

On which of the following goods or services might a tax increase be hardest to pass on to consumers? A) automatic car washes

Business

2 answers:

dsp733 years ago

7 0

Answer:

A) automatic car washes

Explanation:

Passing taxes to consumers will be easier for those goods that are essential to everyday life, such as medicine, food, and even gasoline. However, in the case of goods that consumers are not fully dependent on, such as car washes, increased taxation may decrease demand as this type of good or service can be replaced. Consumers themselves may decide to wash their cars if the price of washing is increased.

alexandr402 [8]3 years ago

3 0

It would be hardest to pass a tax increase on A. automatic car washes, because car washes are relatively more elastic than other products mentioned, so consumers would like this change the least.

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D:mental Heath counselor

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3 years ago

In order to have the greatest impact, the marketing team may often use ________________ tactics to give sponsorship programs a

Georgia [21]

In order to have the greatest impact, the marketing team may often use public relations tactics to give sponsorship programs a boost. Public relations is also abbreviated to PR, those that work in the PR department are in charge of maintaining a relationship with the public and the company they work for. There must also, always be a professional level maintaned to keep the company's image in the right light.

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3 years ago

In March 2021, the Phillips Tool Company signed two purchase commitments. The first commitment requires Phillips to purchase inv

xeze [42]

Answer:

Journal entries

Date Account title and explanation PR. No. Debit ($) Credit ($)

June 15,2021 Purchases $85,500

Loss on purchase commitment $15,000

Cash $100,000

(To record the payment for the loss on

purchase commitment)

June 30,2021 Estimated loss on purchase

commitment $10,600

Estimated liability on purchase

commitment $10,600

(To record the loss on purchase commitment)

Aug 30,2021 Purchases $120,500

Loss on purchase commitment $19,900

Estimated liability on purchase

commitment $10,600

Cash $151,000

(To record the payment for the loss on purchase commitment)

Explanation:

For June 15, Loss on purchase commitment = Signed value of inventory - Market value of inventory = $100,000 - $85,500 = $14,500

For June 30, Loss on purchase commitment = Signed value of inventory - Market value of inventory = $151,000 - $140,400 = $10,600

For Aug 30, Loss on purchase commitment = Market price of inventory at June 30 - Market value of inventory at August 30 = $140,400 - $120,500 = $19,900

4 0

4 years ago

Research on conflict and teams suggests that conflict is bad for a team and that it will inevitably bring the team down and caus

ololo11 [35]

Answer:

b. false

Explanation:

While conflict is an indicative source of disagreement on the team, it will not necessarily be bad for the team or bring it down and cause it to get out of control and out of the way.

Research indicates that if there is effective conflict management in teams, this can be an important source in their development and innovation, being noticeable as a constructive conflict, where there is positive reflection and debate on differences in work, for example, which can culminate in more creative solutions, greater participation of members, greater capacity for tolerance and determination to deal with conflicts and overcome them in order to achieve the team's goals.

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3 years ago

In 2014, Wire Corp. had sales of $740,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses we

victus00 [196]

Answer:

The company's operating cash flow is $100,000

Explanation:

The computation of the operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,

EBIT = Sales - cost of good sold - depreciation expense - administrative and selling expenses

= $740,000 - $550,000 - $95,000 - $90,000

= $5,000

The income tax expense equals to

= (Sales - cost of good sold - depreciation expense - administrative and selling expenses - interest rate) × tax rate

= ( $740,000 - $550,000 - $95,000 - $90,000 - $94,000) × 35%

The amount comes in negative so we cannot compute the tax expense as corporation is suffering from the net loss

And all other items would remain same

Now put these values to the above formula

So, the value would equal to

= $5,000 + $95,000 - $0

= $100,000

5 0

4 years ago