Answer:
Explanation:
We were informed from the question that;
BEFORE; the tax, 30,000 bottles of wine were sold every week at a price of $4 per bottle.
AFTER; After the tax, 25,000 bottles of wine are sold every week; consumers pay $6 per bottle and producers receive $3 per bottle (after paying the tax).
✓✓The amount of tax on wine = $6 - $3 = $3 per bottle
✓✓The tax burden on consumers = The amount paid after tax - The amount paid before tax
= $6 - $4
=$2 per bottle
✓✓The tax burden on Producers = Price received before tax - price received after tax
= $4 - $3
=$1 per bottle
Hence, The amount of the tax on a bottle of wine is $3 per bottle. Of this amount, the burden that falls on consumers is $2 per bottle, and the burden that falls on producers is $1 per bottle.
The effect of the tax on the quantity sold would have been smaller if the tax had been levied on consumers(FALSE)
This is false, since the The tax burden on Producers is $1 per bottle while that of The tax burden on consumer is $2 per bottle.
Answer:
The cash flow to creditors during 2014 was $139000,the amount by which net working capital investment has reduced.
The stockholders invested $241,000 more into the business
The net cash flows from asset is the $1,100,000 net firm's capital spending
Lastly,the operating cash flow is $240,000 as calculated below
Explanation:
Net working capital investment denotes the amount of cash the company parted with in 2014 in financing its current obligations.
Stockholders as the owners of the company made more cash available to the company in 2014 by investing more cash resources in it as follows:
Common stock account increased by $10000($164000-$154000)
Additional paid-in surplus increased by $300000($3090000-$2790000)
The gives $400000 cash from stockholders minus dividends of $159000
Operating cash flow
Net income $0
add interest $101000
Reduction in net working capital $139000
Operating cash flow $240000
That statement is false.
In order to catch up with rich countries, a country with low income probably need to maintain more than 100% growth rate in about 10 years.
Because if the country only increases its growth rates slightly, the rich countries may grow even further during that period.
Answer:
a) Accumulating and then assigning costs
Explanation:
A cost system is a system put in place by management to monitor costs incurred by an entity or cost object. A cost system is a combination of related subsystems which monitors, control and report costs information. In determining the cost of an object a cost system accumulates costs before assigning to cost units.
Answer: Conducting a situation analysis
Explanation:
