Answer:
Explanation:
Market prices control the supply for coffee shops, not only that but also it is also affected by other factors with things like: price of inputs, and how much it cost to make, and technology developments
Answer:
The answer is: Garnett Co.'s net income is $7,600
Explanation:
To determine the net income we must first calculate the cost of goods sold and the commissions paid:
- COGS = $50,000 x 40% = $20,000
- Commissions = $32,000 x 10% = $3,200
Now we can elaborate the following income statement for Garnett Co.
Total sales $32,000
COGS ($20,000)
Commissions ($3,200)
<u>Advertising expense ($1,200) </u>
Net income $7,600
Answer:
The price level and GDP will fall.
Explanation:
A decline in money supply will increase the interest rate, as a result the investment will decline. This will cause production to decrease. An increase in tax will cause the cost of production to increase, reducing the supply. The taxes will decrease the disposable income, further reduing demand and cnsumption. A pessimistic expectation of business will also cause production to decline.
A rise in the value of dollars will make exports expensive, reducing exports. All of this will cause the GDP and price level to decline.
Answer:
Regressive, proportional, progressive
Explanation:
There are three main tax categories: regressive, proportional, and progressive.
Regressive Tax
Regressive taxes are type f tax accessed as a percentage of the value of an asset purchased or possessed. Under this system, low-income earners tend to pay a higher amount compared to high income earners because it has no correlation with what the taxpayer earns or their income level.
Proportional Tax
In a proportional tax system, everyone irrespective of their income pay the same rate. This tax system affects everyone equally.
Progressive Tax
A progressive tax has it name implies is progressive in nature.The tax rate increases as the income level of the tax payer increases. Therefore high-income earning individuals pay more than low-income earning individuals
Answer:
a. $190000.
Explanation:
begining WIP 164,000
Total cost added during the period <u> 486,000 </u>
total cost to be accounted for: 650,000
cost of goods manufactured <u> (460,000) </u>
ending Work In process 190,000
The ending WIP will be the cost of the unfinished goods.
The beginning and the cost added during the period, will be the total cost to be accounted for.
Then the cost of goods manufactured is subtracted as, these are transferred-out to finished goods.
