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2 years ago

When considering sales tax, more elastic demand results in _____

Business

1 answer:

AnnZ [28]2 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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Which of the following is performed by enterprise application integration?

MAXImum [283]

Integration of software and hardware

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2 years ago

The following information is available for completed Job No. 402: Direct materials, $120000; direct labor, $180000; manufacturin

Korvikt [17]

Answer:

ending inventoryt (inventory at hand) 102,500

Explanation:

First we calculate the total cost for the Job:

Materials 120,000

Labor 180,000

Overhead 110,000

Total cost 410,000

Then we distribute over the units produced to calculate the unit cost:

Units Produced 4,000

total cost 410,000 / units produced 4,000 = 102.5 unit cost

Now we calcualte the value fo the units at hand:

unit at hand refers to ending invnetory

we produce 4,000 we sale 3,000 ending inventory 1,00

ending inventory : 1,000 x 102.5 = 102,500

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3 years ago

During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Pur

Tems11 [23]

Answer:

$3,918

Explanation:

Calculation the cost of inventory as of June 30

Purchases [$4,100+1000] $5100

(Less): Returns ($1100)

(Less): Discount [4100 x 2%] ($82)

Cost of inventory $3,918

Therefore the cost of inventory as of June 30 will be $3,918

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3 years ago

Two voters, al and bill, are each choosing between one of three candidates—1, 2, and 3—who are running for city council. an expe

morpeh [17]

Part A:

The number of outcomes that each of them will have to choose anyone at random is calculated below.
n = 3 x 3 = 9
This is because, Al will have 3 choices and similarly, Bill will also have three choices. These outcomes are as written below.
S = (1,1), (1,2), (1,3), (2, 1), (2,2), (2, 3), (3, 1), (3, 2), and (3,3)

Part B: To make the same choice, there will only be three outcomes. These are:
S = (1, 1), (2, 2) and (3, 3)

Part C: If neither of them will vote for 2, there will only be four outcomes. This is because each of them will only have two choices. These are:
S = (1, 1), (1, 3), (3, 1), and (3,3)

3 0

2 years ago

The top management of Tasty Foods, a food distribution company, has set strategic goals of increasing organizational market shar

nikdorinn [45]

Answer:

The correct answer would be, Greg's next step is to roll out his Tactical Goals to his staff.

Explanation:

Greg is the division manager for Tasty Foods. His management set a goal of increasing market share and decreasing the corporate cost over the period of next three years. To cope up with this goal, Greg has to work on this from now onward. So he decides how his division can contribute to the fulfillment of these management goals. He looking into his resources and planned two possible options. One is to partnering with another company and the other is to hire a procurement manager to negotiate lower prices from vendors. Now as he has formulated these goals, which are tactical in nature, the next step is to roll out these tactical goals to hi staff. Tactical goals are the goals that are set quickly in response to the conditions or situations as they occur in the real world.

6 0

2 years ago