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3 years ago

12

Suzette has received an order for 1,500 boxes of nuts per week for the next 3 months. If she expects the trend in the marginal p

roduct of labor will continue in the same direction, what do you think she should do

1 answer:

S_A_V [24]3 years ago

8 0

Answer:

18,000 boxes

Explanation:

1500×3×4 or

1500×12

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Suppose a tax of $4 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 2,00

Marina CMI [18]

Answer:

option (c) $600

Explanation:

Given:

Tax = $4 per unit

Initial equilibrium quantity = 2,000 units

Final equilibrium quantity = 1,700 units

Decrease in consumer surplus = $3,000

Decrease in consumer surplus = $4,400

Now,

Deadweight Loss is calculated using the formula:

Deadweight loss

= $\frac{1}{2}$ × Tax × (Original equilibrium quantity - New equilibrium quantity)

on substituting the respective values, we get

Deadweight loss = $\frac{1}{2}$ × 4 × (2,000 - 1,700)

or

Deadweight loss = 2 × (3) = $600

Hence,

the correct answer is option (c) $600

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3 years ago

Lakeview Company completed the following two transactions. The annual accounting period ends December 31.

Ann [662]

Answer: Check attachment and explanation.

Explanation:

a. The question has been solved. Check the attachment.

b. LAKEVIEW COMPANY

Balance sheet (Partial)

December 31

Current liabilities

FICA Payable=$4800 + $4800= $9600

Charitable contribution payable = $2400

Withheld income tax payable = $6400

State and Federal unemployment tax payable = $560

Unearned rent revenue = $5700 - $3800 = $1900

Total current liabilities = $20860

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3 years ago

Assume that because of a new law, the types of significant transactions a partnership engages in are no longer lawful. two of th

hammer [34]

No thsy will have to sell their share

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3 years ago

In January, 2020, Harmony Inc. has the following expenditures related to manufacturing a new generation of widgets. Match each e

Ivan

Answer:

Harmony Inc.

Expenditure Appropriate accounting treatment

a. Machinery $550,000 B. Capitalize to the Machine

b. Machinery $33,000 B. Capitalize to the Machine

Research and development $95,000 D. Expense.

c. Freight-in (Machinery) $4,250 B. Capitalize to the Machine

d. Installation, etc (Machinery) $16,500 B. Capitalize to the Machine

e. Prepaid Insurance $3,000 A. Capitalize to a different asset account.

Explanation:

1) Data and Analysis:

a. Machinery $550,000 Accounts payable $550,000

b. Machinery $33,000 Sales Tax Expense $33,000

Research and development $95,000 Cash $95,000

c. Freight-in (Machinery) $4,250 Accounts payable $4,250

d. Installation (Machinery) $16,500 Cash $16,500

e. Prepaid Insurance $3,000 Cash $3,000

b) The correct approach in capitalizing fixed assets and related costs is to follow this procedure: capitalize freight, sales tax, transportation, and installation, in addition to the fixed asset purchase cost.

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3 years ago

A total of $4000 was invested, part of it at 8% interest and the remainder at 11%. if the total yearly interest amounted to $365

ella [17]

<span>$1500 was invested at 11% $2500 was invested at 8% Assuming simple interest for each investment, we have the following expressions 0.11x = interest on 11% investment. (x = amount invested at 11%) 0.08(4000-x) = interest on 8% investment Adding the 2 expressions together and setting the sum to 365 gives 0.11x + 0.08(4000-x) = 365 Now solve for x by first distributing the 0.08 0.11x + 320 - 0.08x = 365 Subtract 320 from both sides and combine x's 0.03x = 45 Divide both sides by 0.03 x = 1500 So $1500 was invested at 11% and (4000-1500) = 2500 was invested at 8%</span>

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4 years ago