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olga55 [171]
2 years ago
15

An excise tax on alcohol causes the supply of alcohol to decrease and the price of alcohol to decrease.

Business
1 answer:
Ainat [17]2 years ago
4 0

Answer:

False

Explanation:

An excise tax is tax levied on some specific goods. It is an indirect tax because it is not levied on customers.

Excise tax would increase the cost of supplying alcohol. This would reduce the supply of tax. A decrease in the supply of tax would increase the price of alcohol

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The Boeing Company buys $3 million worth of steel, $2.5 million worth of computer hardware and software, and $1 million worth of
astraxan [27]

Answer:

The value added by Boeing is equal to:A)$3.5

Explanation:

Value added is the difference between the price of product or service and the cost of producing it.

Steel           3,0M

Computer    2,5M

Tools            1,0M

  Value Add 3,5M

Boeing          10 M  

3 0
3 years ago
During the year, Cheng Company paid salaries of $24,000. In addition, $8,000 in salaries has accrued by the end of the year but
Burka [1]

Answer:

Correct answer is D. Credit to Salaries Payable for $8,000

Explanation:

Based on the basic underlying guideliness in accounting, specifically matching principle. All income and expenses should be reported during the period it incurred. Thus, all expenses incurred during the period even though it wasn't paid yet shoud be recorded to the book and that's the moment that the year-end adjusting entry is necessary.

On the above given problem, the salaries paid of $24,000 is presumed to have been recorded in the book already. Because it incurred and paid within the calendar period. In addition, the salaries accrued by the year end needs year-end adjustment<em> to recognize the salaries expense applicable for the period</em>. Journal entry of it is to debit salaries expense and credit salaries payable in the amount of $8,000.

6 0
3 years ago
A company has outstanding 20-year noncallable bonds with a face value of $1000, and 11% annual coupon, and a market price of $1,
Helen [10]

Answer:

8% and 4.8%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

The NPER represents the time period.  

Given that,  

Present value = $1,294.54

Future value or Face value = $1,000  

PMT = 1,000 × 11% = $110

NPER = 20 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

1. The pretax cost of debt is 8%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 8% × ( 1 - 0.40)

= 4.8%

6 0
3 years ago
As little as _______ percent of privately owned businesses ever move from the start-up stage to the success stage.
melomori [17]
The answer is D: 6% of these businesses
8 0
3 years ago
Read 2 more answers
________ measures the percentage of profit earned on each sales dollar before interest and taxes but after all costs and expense
julsineya [31]
Hello!

The correct answer for the blank is: Operating profit margin.

I really hope you found this helpful! :)
7 0
3 years ago
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