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Fynjy0 [20]
3 years ago
13

A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe

r wash, and the price of workers is $60 per day. Should the car wash hire a fifth worker if the total number of washed cars would increase to 100?
Business
1 answer:
inn [45]3 years ago
4 0

Answer:

Hire new worker if production increases by at least his/ her salary = by $60 which is equivalent to 12 extra car washes.

Hence 80 + 12 = Answer = 92 cars per day.

Yes he must hire a fifth worker .

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Shamrock Corp. has a deferred tax asset account with a balance of $76,000 at the end of 2019 due to a single cumulative temporar
gavmur [86]

Answer:

a.                                              Debit             Credit

deferred income taxes         $5,400

Income tax expense             $155,600            

                        Income tax payable           $161,000

b. No valuation account related to the deferred tax asset is in existence at the end of 2019, therefore no record should be make

Explanation:

a. In order to record the income tax expense, deferred income taxes, and income taxes payable for 2017 we would have to make the following calculations as follows:

deferred income taxes=($407,000×20%)-$76,000

deferred income taxes=$5,400

Income tax payable=$805,000×20%

Income tax payable=$161,000

Income tax expense=$161,000-$5,400

Income tax expense=$155,600

Therefore, the record of  income tax expense, deferred income taxes, and income taxes payable for 2017, assuming that it is more likely than not that the deferred tax asset will be realized in full would be as follows:

                                               Debit             Credit

deferred income taxes         $5,400

Income tax expense             $155,600            

                        Income tax payable           $161,000

b. No valuation account related to the deferred tax asset is in existence at the end of 2019, therefore no record should be make

6 0
3 years ago
The price elasticity of demand for a particular cancer drug is zero and the price elasticity of supply is 0.50. If a $1 excise t
Ede4ka [16]

Answer:

$1 or 100% of the tax

Explanation:

When the price elasticity of demand is 0, it means that the good or service will be purchased regardless of its cost. Very few things have such a low price elasticity, and the fact that this is drug for treating cancer is the reason why that happens. Anyone that can purchase a drug that will keep you alive, will do so as long as you have enough money to do so. Another good with a very low price elasticity, but not 0, is gasoline with a 0.02 to 0.04, and gasoline is a basic necessity also.

The curve for a perfectly inelastic good is vertical. So any increase in taxes will be paid by the customers.

7 0
3 years ago
Which of the following situations represents financially responsible choices? Select all that apply.
Gnom [1K]
<span> making on time payments on a debt
</span><span> purchasing a large kitchen appliance with cash 
</span><span> saving 25% of every paycheck</span>
5 0
3 years ago
Read 2 more answers
A company understated its ending inventory balance by $5,000 in 2018. What impact will this error have on cost of goods sold and
madreJ [45]

Answer:

COGS overstated for 5,000

Explanation:

<em>The COGS will be overstated  for the same ammount,</em> that is because of the inventory identity.

$$Beginning Inventory + Purchase = Ending Inventory + COGS

If ending Inventory has a problem, it will be transferred to COGS as well to equalize the formula

If ending Inventory is understated it means their alue is less than it's real value,

$$Beginning Inventory + Purchase \neq Ending Inventory (Real Inventory - Understimation) + COGS

so to balance the formula COGS need to be overstated.

$$Beginning Inventory + Purchase = Ending Inventory (Real Inventory - Understimation) + COGS(Real COGS + EI error)

3 0
3 years ago
Evaluate the impact that the 5 Total Quality Management (TQM) elements have on Woolworths, as a large company.​
ki77a [65]

The main impact that the 5 Total Quality Management have on Woolworths is that it helps quality assurance for customers.

<h3>What is the Total Quality Management?</h3>

This is a management system that is assert that all staff must be committed to maintaining high standards of work in every aspect of a company's operations.

The five concept of Total Quality Management includes:

  • Produce quality work the first time
  • Focus on the customer
  • Have a strategic approach to improvement
  • Improve continuously
  • Encourage mutual respect and teamwork.

Read more about Total Quality Management

<em>brainly.com/question/23443069</em>

#SPJ1

5 0
2 years ago
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