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Lerok [7]
3 years ago
8

Sales and excise taxes are levied on retailers, but retailers add these taxes to the prices of their products. this illustrates

the:
Business
1 answer:
coldgirl [10]3 years ago
4 0
<span>Sales and excise taxes are levied on retailers, but retailers add these taxes to the prices of their products. This illustrates the shifting of taxes to consumers. 

Retailers build in these taxes in the final product purchase amount so that they aren't eating the cost. By putting them on the customer, they are saving themselves money that they would have to pay if they couldn't build the price in. Sales tax on items is determined by the state and county someone lives in. 
</span>
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The standard number of hours that should have been worked for the output attained is 6,000 direct labor hours and the actual num
LenKa [72]

Answer:

Actual Rate= $9.5  per hour

Explanation:

Giving the following information:

Actual number of hours= 6,300

Direct labor price variance= $3,150 unfavorable

Standard rate= $9 per direct labor hour

<u>To calculate the actual rate, we need to use the direct labor rate (price) variance formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

-3,150 = (9 - Actual Rate)*6,300

-3,150 = 56,700 - 6,300Actual Rate

-59,850 = -6,300Actual Rate

-59,850/-6,300 = Actual Rate

$9.5 = Actual Rate

4 0
3 years ago
A type of insurance that protects workers frorm loss wages after an industrial accident that happened on the job is called
Katarina [22]

A type of insurance that protects workers from loss wages after an industrial accident that happened on the job is called worker compensation.

  • Workers' compensation insurance offers financial aid and/or medical attention to employees who are hurt on the job or fall ill as a direct result of their work. This insurance is paid for by the employer; the employee is not expected to contribute to the cost of compensation.
  • Workers' compensation, sometimes known as workers' comp, is a type of insurance that offers pay replacement and medical benefits to employees hurt while doing their jobs in return for a requirement that they waive their right to sue their employer for carelessness. The compensation bargain is the trade-off between restricted, guaranteed coverage and no other options outside of the worker compensation system.

Thus this is the answer.

To learn more about worker compensation, refer: brainly.com/question/27993713

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8 0
2 years ago
Successful bridging requires a fundamental reformulation of the problem such that the parties are no longer squabbling over thei
VladimirAG [237]
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3 years ago
If the price of gasoline increases significantly, then we’d expect the price for hybrid and electric cars to.
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Suppose that, in a competitive market without government regulations, the equilibrium price of hamburgers is $7 each. Indicate t
Monica [59]

Answer:

Price floor non binding

Price ceiling binding

Price ceiling binding

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

A. The minimum price is less than the equilibrium price, thus it is a non binding price floor

b. The maximum price is less than the equilibrium price, thus it is a binding price floor

c. Restaurants that would want to pay better wages are unable to do so. This means that there is a binding price maximum in place

5 0
3 years ago
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