Answer:
$1 or 100% of the tax
Explanation:
When the price elasticity of demand is 0, it means that the good or service will be purchased regardless of its cost. Very few things have such a low price elasticity, and the fact that this is drug for treating cancer is the reason why that happens. Anyone that can purchase a drug that will keep you alive, will do so as long as you have enough money to do so. Another good with a very low price elasticity, but not 0, is gasoline with a 0.02 to 0.04, and gasoline is a basic necessity also.
The curve for a perfectly inelastic good is vertical. So any increase in taxes will be paid by the customers.
<span>he deposits the money into his
checking account at first main street bank is the answer</span>
Answer: d. 80% of direct material cost
Explanation:
Overhead cost = Total costs - Direct material - Direct labor
= 132,200 - 25,000 - 32,000 - 12,500 - 17,100
= $45,600
Direct materials cost = 32,000 + 25,000
= $57,000
Percentage of Direct materials = Overhead/ Direct materials
= 45,600/57,000
= 80%
Answer: $60,000
Explanation:
The maximum amount deductible is based on a mortgage of $1,000,000 and the interest rate of the mortgage being paid.
Interest on $1,000,000 at 6% is:
= 6% * 1,000,000
= $60,000
<em />
<em>Only $60,000 of the $79,200 may be deducted. </em>
Answer:
Increase and remain the same respectively
Explanation:
Given the above information, we know that current ratio is computed as;
Current ratio = Current assets ÷ Current liabilities
Current ratio = $60,000 ÷ $34,000
Current ratio = 1: 1.76
Working capital is computed as;
= Current asset - Current liabilities
= $60,000 - $34,000
= $26,000
As a result of the above, the current ratio increased because of the reduction in the current liabilities value while the working capital remains the same.
