Answer: Equilibrium quantity of garden hoses after the tax is imposed is 85000.
Explanation:
Given that,
Dead weight Loss = $22500
Tax amount per unit (t) = $3
Equilibrium quantity before tax, 
= 1,00,000 units
Equilibrium quantity after tax, 
= ?
Dead weight Loss = 
22500 = 0.5 × 3 × (100000 - )
= 85000 units
∴ Equilibrium quantity of garden hoses after the tax is imposed is 85000.
Answer:
Annual depreciation= $12,970
Explanation:
Giving the following information:
Kansas Enterprises purchased equipment for $72,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,650 at the end of five years.
To calculate the depreciation expense under the straight-line method, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (72,500 - 7,650)/5
Annual depreciation= $12,970
Answer: (B)
The type and source of funds used to support the project.
Explanation:
In a research collaboration, the type and source of funding used, determines ownership of the data in most cases.
In situations where the research is quite expensive to conduct, researchers tend to enter into agreements with firms or institutions that fund the data in exchange for ownership rights.
Answer:
Total bet amount= -$2
Explanation:
In a card deck of 52 cards we have 13 diamond cards. Cards are drawn without replacement.
Probability of the first card being diamond = 13/52
Probability of the send card being diamond= 12/51
So the probability for both cards being diamond = (13/52)*(12/51)= 0.0588235
Bet amount for 2 diamonds= probability* amount received
Bet amount for 2 diamonds= 0.0588235* $30= $1.765
Probability of no diamond= 1- 0.0588235
Probability of no diamond= 0.94118
Bet amount for no diamonds= 0.94118* (-$4)
Bet amount for no diamonds= -$3.765
Total bet amount= Bet amount for diamonds + bet amount for no diamonds
Total bet amount= $1.765+ (-$3.765)
Total bet amount= -$2
Answer:
D) $2,000
Explanation:
Angela's basis on the stocks will be the same as her father's. Since she sold the stocks, her basis will be $8,000, so her recognized gains will = selling price - basis = $10,000 - $8,000 = $2,000
The IRS allows the donee (Angela) to use the doners (Ralph) basis when selling an asset received as a gift in order to determine the realized gain/loss.
