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Strike441 [17]
3 years ago
15

Suppose sellers of liquor are required to send $5.00 to the government for every bottle of liquor they sell. Further, suppose th

is tax causes the price paid by buyers of liquor to rise by $3.00 per bottle. Which of the following statements is correct?
a. The effective price received by sellers is $5.00 per bottle less than it was before the tax.b. Forty percent of the burden of the tax falls on buyers.c. This tax causes the supply curve for liquor to shift upward by $5.00 at each quantity of liquor.d. All of the above are correct
Business
1 answer:
RUDIKE [14]3 years ago
5 0

Answer:

c. This tax causes the supply curve for liquor to shift upward by $5.00 at each quantity of liquor

Explanation:

Before the taxes maybe, there was a supplier willing to offer 1 dollar or 3 dollar per liquor, as now it is forced to give 5 to the government it will increase the price by $5 then to go back to the normal scenario before taxation.

The fact that the price only rise $3 instead of $5 represent the demand adjusting and decreasing to a lower level.

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Vhich of these is an example of a conceptual skill?
vlabodo [156]

Answer:

C

Explanation:

Understanding how promotion will support the company: is based on the mental thinking of the person and not based on what he/she was taught.

4 0
2 years ago
Consider a 5-step process for the National Corporation that includes cutting, drilling, stamping, welding, and painting. The cut
Amanda [17]

Answer:

\large\boxed{\large\boxed{\text{The capacity of the entire five-step process is 30 units per hour}}}

Explanation:

The rate of production is determined by the slowest step or process.

Determine the rate of production of each step.

<em>1. The Cutting department has 6 machines that each process materials at a rate of 2 minutes per unit. </em>

  • rate = number of machines × rate of each machince

  • rate = 6 × 1 unit / 2 minute = 3 units / minute

<em>2. Drilling has 6 machines that each process materials at a rate of 3 minutes per unit. </em>

  • rate = number of machines × rate of each machince

  • rate = 6 × 1 unit / 3 minute = 2 units / minute

<em />

<em>3. Stamping has 6 machines that each process materials at a rate of 4 minutes per unit. </em>

  • rate = number of machines × rate of each machince

  • rate = 6 × 1 unit / 4 minute = 1.5 units / minute

<em />

<em>4. Welding has 4 machines that each process materials at a rate of 2 minutes per unit. </em>

  • rate = number of machines × rate of each machince

  • rate = 4 × 1 unit / 2 minute = 2 units / minute

<em>5. Painting has 2 machines that each process materials at a rate of 4 minutes per unit. </em>

  • rate = number of machines × rate of each machince

  • rate = 2 × 1 unit / 4 minute = 0.5 units / minute

Then, the fifth process, painting is the slowest process because it only can process 0.5 units per minute. This is the bottleneck. Even if the other processes worked faster, the production could not exceed the number of machines that can be painted per hour.

To find how many units can be painted or produced by hour multiply the rate by the number of minutes in one hour:

  • 0.5 units/min × 60 min/hour = 30 units / hour.

Therefore, the capacity of the entire five-step process is 30 units per hour.

6 0
3 years ago
The company that Layton owns, the Music Box, is a family-owned company that has been in business for more than 100 years. Layton
Lisa [10]

Answer:

economic responsibility.

Explanation:

Layton has decided to donate a portion if his business Music Box earning's to a charity every year. His action of making donation decision is of economic responsibility. The decision is made to help out community in a good faith and is considered as social responsibility as Layton does not have any legal responsibility to make charity but still he decides to serve the society through his business earnings.

5 0
3 years ago
LO 3.4A company sells two products, Model 101 and Model 202. For every one unit of Model 101, they sell they sell two units of M
dexar [7]

Answer:

The sales mix is 1:2.

                           Model 101          Model 102

Selling Price                       21             56

Variable Cost              -14            -35

Contribution Per Unit       7               21

Multiply Sales Mix Ratio       1               2

Weighted Contribution       7                      42

Now add the weighted Contribution to compute Contribution margin per composite unit which is 7+42=$49

Explanation:

I assumed that the cost and selling price here for Model 101 is $14 and $21 respectively. Similarly the cost and selling price of Model 102 is $35 and $56 respectively.

Remember that Contribution margin per composite unit means that we will earn 49 dollars(combined contribution of sales mix) if we sell the sale mix of Model 101 and 102 which is 1:2.

6 0
3 years ago
To determine the effective gross income on a property, the sales associate should:________
artcher [175]

Answer:

Subtract vacancy and credit costs from potential gross income

Explanation:

Effective gross income (EGI) is actually the ratio or relationship that exists between the sale price of a property and effective gross income of that same property.

It is the potential gross income added to other income when vacancy and credit costs are subtracted from it.

EGI is used to determine the value of a rental property and the cash that the property generates.

4 0
3 years ago
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