Answer:
The tax on hearing aid is $120 per unit.
Explanation:
The supply curve for hearing aid is a typical upward-sloping straight line, and the demand curve is a typical downward-sloping straight line.
A tax is imposed on each unit of hearing aid.
As a result of the tax, the equilibrium quantity of hearing aids decreases from 10,000 to 9,000.
The deadweight loss of the tax is $60,000.
Deadweight loss =
$60,000 =
$60,000 =
Tax =
Tax = $120
Answer:
Asset Allocated cost
Land $58,000
Building $188,500
Equipment $43,500
Debit Assets $290,000
Credit Note payable $290,000
Being entries to recognize the purchase of assets by note payable.
Explanation:
The cost of each asset (land, building, and equipment) will be allocated to them based on the market value. The higher the market value, the higher the cost apportioned to each asset from the single amount paid for all the assets.
Given that the market values are in the ratio of
64,000:208,000:48,000 for land, building and equipment respectively. This is equivalent to ratios 4:13:3.
Hence, where the total amount paid is $290,000, cost apportionment
Land
= 4/20 × $290,000
= $58,000
Building
= 13/20 × $290,000
= $188,500
Equipment
= 3/20 × $290,000
= $43,500
When an asset is purchased with a note payable signed, the asset is debited and the note payable is credited.
To reduce the size of your car payments, many experts recommend making a down payment of at least <u>20%</u> percent.
Most experts argue that 20% is a pretty large payment but over time it will make your car payments much smaller
Question:
If the first copy cost of a music video is $223,000 and the marginal cost is $0, then how many copies should the firm sell in order to break even if the price was $10 each?
A) 2,230
B) 223,000
C) Zero
D) 22,300
Answer:
The correct answer is B.
Explanation:
Step 1 - Relationship between Marginal Cost and Break Even Price (BEP)
This is given as:
BEP =
Step Two
First compute the denominator
= 1-(0/10)
= 1-0
= 1
Step 3
Therefore BEP = 223,000/1
= <u>$223,000</u>
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Cheers!