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vova2212 [387]
3 years ago
11

Opponents of tax reforms intended to raise saving argue that such reforms a. favor those with high income, and that saving may n

ot rise because of the substitution effect. b. favor those with high income, and that saving may not rise because of the income effect. c. favor those with low income, and that saving may not rise because of the substitution effect. d. favor those with low income, and that saving may not rise because of the income effect.
Business
1 answer:
Dafna11 [192]3 years ago
5 0

Answer:

Option B                                

Explanation:

In simple words, under such tax reforms the government is intending to raise indirect taxes which will lead to higher prices of certain goods and is also declining taxes on savings. Both of these steps will work as an incentive for individuals to save more.

However a big majority of community is stating that this will only lead to more burden on the weaker section due to higher prices of commodities and will eventually result in lower standard of living for certain individuals.          

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​Lakeside, Inc. estimated manufacturing overhead costs for the year at $377,000​, based on 180,000 estimated direct labor hours.
ozzi

Answer:

$18,640 over - applied

Explanation:

For calculating the over-allocated or under-allocated amount, first, we have to compute the predetermined overhead rate which is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $377,000 ÷ 180,000 hours

= $2.09

Now we have to find the actual overhead i.e.

= Actual direct labor-hours × predetermined overhead rate

= 196,000 hours × $2.09

= $409,640

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $391,000 - $409,640

= $18,640 over - applied

3 0
3 years ago
Emma owns a flower shop in Tampa. She pays $3,091 per month to lease her building, $2,208 in wages, $1,887 for flowers and other
Arturiano [62]

Answer:

$6.18

Explanation:

Data provided in the question:

Lease payment = $3,091 per month

Wages = $2,208

Amount for Flowers and other supplies = $1,887

Number of flower arrangements produced per month = 662

Now,

The Variable cost are Wages and Amount for Flowers and other supplies

therefore,

Total variable cost = $2,208 + $1,887

= $4,095

Hence,

Emma’s average variable cost of production

= [ Total variable cost ] ÷ [ Number of flower arrangements produced ]

= $4,095 ÷ 662

= $6.18

5 0
3 years ago
The closer the smoothing constant, ALPHA, is to 0 the greater the reaction to the most recent demand the greater the dampening,
GenaCL600 [577]

Answer: the greater the dampening, or smoothing effect

Explanation:

The smoothing constant determines the level at which a forecast is influenced by previous observations. It simply determine the sensitivity of forecasts with regards to the changes in demand.

It should be noted that large values of α will lead to a scenario whereby forecasts will be more responsive to the more recent levels. On the other hand, the smaller values will result in a damping effect. Therefore, the closer the smoothing constant to α, the greater the dampening, or smoothing effect.

3 0
3 years ago
What do economists mean by the demand for​ money? A. It is the amount of moneylong dashcurrency and checking account depositslon
svetoff [14.1K]

Answer:

 It is the amount of moneylong dashcurrency and checking account depositslong dashthat individuals hold.

Explanation:

6 0
3 years ago
Read 2 more answers
An estimated three-quarters of what product sold in naples originate in the black market?
Ivanshal [37]
<span>This is because the tax on a carton of cigarette is about $10plus. It used to be $3plus before the Obama administration and when the cost of tax is added to the sales price, it makes it more expensive for the average consumer, however, black market sellers usually avoid paying taxes thats why it is black market.</span>
7 0
3 years ago
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