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3 years ago

When considering sales tax, more elastic demand results in _____

Business

1 answer:

AnnZ [28]3 years ago

4 0

Answer:

a. more deadweight loss and less revenue

Explanation:

Sales tax increases the price of a good or service.

Demand is elastic if a small change in price has a greater effect on the quantity demanded.

If a sales tax is imposed on a good or service, the price of the good would increase and become more expensive. This would lead to a fall in quantity demanded and an increase in deadweight loss and a loss of revenue.

I hope my answer helps you

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Problem 24-01 Liquidation Southwestern Wear Inc. has the following balance sheet: Current assets $1,875,000 Accounts payable $37

Softa [21]

Answer:

1. Proceeds from sale of assets $ 4,000,000

2. First mortgage, paid from sale of assets 0.00

3. Fees and expenses of administration of bankruptcy 276,250

4. Wages due workers earned within 3 months prior to filing of bankruptcy petition 0.00

5. Taxes 0.0

6. Unfunded pension liabilities 0.00

7. Available to general creditors $3,723,750

Distribution to general creditors

Claim (1) =$1,875,000

Application of 100% Distribution(2)=$1,875,000

After Subordination Adjustment

(3)=$1,875,000

Percentage of Original Claims Received

(4)=$1,875,000

Explanation:

Calculation for how much will each class of investors receive if a total of $4 million is received from sale of the assets

1. Proceeds from sale of assets $ 4,000,000

2. First mortgage, paid from sale of assets 0.00

3. Fees and expenses of administration of bankruptcy 276,250

4. Wages due workers earned within 3 months prior to filing of bankruptcy petition 0.00

5. Taxes 0.00

6. Unfunded pension liabilities 0.00

7. Available to general creditors $3,723,750

Distribution to general creditors:

Claims of General Creditors

Notes payable

Claim (1) 750,000

Application of 100% Distribution

(2) 750,000

After Subordination Adjustment

(3) 750,000

Percentage of Original Claims Received

(4) 100%

Accounts payable

Claim (1) 375,000

Application of 100% Distribution

(2) 375,000

After Subordination Adjustment

(3) 375,000

Percentage of Original Claims Received

(4) 100%

Subordinated debentures

Claim (1) 750,000

Application of 100% Distribution

(2) 750,000

After Subordination Adjustment

(3) 750,000

Percentage of Original Claims Received

(4) 100%

TOTAL

Claim (1) $750,000+ 375,000+750,000=$1,875,000

Application of 100% Distribution

(2)$750,000+ 375,000+750,000=$1,875,000

After Subordination Adjustment

(3)$750,000+ 375,000+750,000=$1,875,000

Percentage of Original Claims Received

(4)$750,000+ 375,000+750,000=$1,875,000

3 0

3 years ago

careers in the STEM cluster are careers associated with: Question 20 options: science, technology, engineering, mathematics scie

skad [1K]

Answer:

science, technology, engineering, mathematics

4 0

3 years ago

An organization that wants to comply with _______ requirements must develop a total management system for meeting environmental

alexandr402 [8]

The International Organization for Standardization (ISO) is an international standard-setting body composed of representatives from various national standards organizations.

Founded on 23 February 1947, the organization promotes worldwide proprietary, industrial and commercial standards. It is headquartered in Geneva, Switzerland, and as of 2015 works in 163 countries.

It was one of the first organizations granted general consultative status with the United Nations Economic and Social Council.

5 0

3 years ago

Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Su

Elenna [48]

Answer:

Donny, because his workers currently have less available capital to work with.

Explanation:

As the workers are constant in both companies and Sunshine already have two mixer and fryers. Thus, all its workers are already busy, but that of Donny's Doughnuts are not that busy, and can make effective utilization of such newly added mixer and fryer.

Accordingly, the capital will be adding the value to the company, but in case of Sunshine it might just add up in the cost and might not get such effective results. As the capital will be useless in case of no labors are present to work on such capital equipment.

7 0

3 years ago

Evaluate the following slide and make recommendations for improving it.

muminat

Style:

Too many bullet points and text on one slide. Make the text bigger and consolidate points. The image is irrelevant and should be replaced with something relevant to the points or deleted all together

Content:

Many of the bullet points are on the same topic but separated for some reason. You could say "The project will start December 3rd and will run for 6 months" which combines 2 of the points. Also, don't say "this project is important!" <em>Show </em>how important the project is through objectives and goals.

7 0

3 years ago

Read 2 more answers