Answer:
a. The effective price received by sellers is $0.40 per bottle less than it was before the tax.
Explanation:
When government imposes tax on a product, a seller's margin on such a product falls which the seller tries to recover from the buyer by raising the price of the product.
In the given case, $1 is tax payable to government out of which the seller recovers $0.60 from the buyer via increased price. So, the remaining $0.4 tax is being paid by the seller out of his own pocket.
Effective price received refers to net amount received by the seller after deducting expenses and taxes. So, in the given case, the seller now receives $0.4 less per bottle than the receipts before such tax was imposed.
Answer:
The correct answer is B. The vendor has latitude in establishing prices for the other party's goods or services.
Explanation:
In an ideal scenario, both sellers and buyers should agree on the price and conditions of a product, in order to avoid speculation and subsequent conflicts. In the event that a seller is the one who has the freedom to decide the conditions such as price or distribution, he is acting as a commercial agent, since he is autonomously deciding on aspects that should correspond to the buyer as the main agent.
Answer:
Q1 Q2 Q3 Q4
<u>labor hours 1,900 2,000 2,200 1,800 </u>
variable 5,700 6,000 6,600 5,400
fixed <u> 31,500 31,500 31,500 31,500 </u>
<em> total 37,200 37,500 38,100 36,900 </em>
Explanation:
materials 1
labor 1.25
maintenance 0.25
utilities <u> 0.50 </u>
total variable 3
supervisor 17,000
maintenance 5,000
property taxes 6,000
depreciation <u> 3,500 </u>
total fixed 31,500
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<em>We add up the variable cost per labor hour</em>
Then, we add up the fixed cost and solve for the total budget for each quarter
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<em>NOTE:</em> missing information attache
