Answer:
The correct answer is option D.
Explanation:
An increase in the size of tax is likely to increase the tax revenue when the price elasticity of supply, as well as price elasticity of demand, are both large.
The imposition of tax will cause an increase in the price of the product. If the price elasticity of demand is higher, an increase in the price will lead to a more than proportionate decrease in demand.
At the same time, high price elasticity of supply means that when the tax is imposed the sellers will be able to reduce quantity more easily.
So when less output is produced and demanded the tax revenue will also be lower.
Answer:
Silven Industries
If Silven buys its tubes from the outside supplier, it will be able to avoid $1.10 of its own Chap-Off manufacturing costs per box
Explanation:
a) Data and Calculations:
Estimated Production and Sales Units of Chap-Off = 140,000 boxes
Manufacturing cost per box: Avoidable costs
Direct material $ 3.70 $0.74 ($3.70 * 20%)
Direct labor 2.00 0.20 ($2.00 * 10%)
Manufacturing overhead 1.60 0.16 ($1.60 * 10%)
Total cost $ 7.30 $1.10
Outside supplier's price for tubes = $1.20 per box
b) Unless there an alternative use for the machine used in making the tubes internally exists, it may not be cost-effective for Silven to buy from the outside supplier. Alternatively, it should renegotiate a price per box that is less than $1.10 in order to stop making the tubes internally.
Explanation:
1. gate pass
2. stock card
3. stock requisition form
4. delivery note
5. stock order form
best regards!!
Answer:
Barb will earn interest on interest yes because she don't retire the interest
Explanation:
a. Barb will earn compound interest both will aearn compound interest.
b. Barb will earn more interest the first year than Andy both are compound annualy. The first year both will earn the same amount of interest.
c. Barb will earn interest on interest yes because she don't retire the interest and reinvest it.
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan
d. After five years, Andy will have more money in his account than Barb. No because he spend his interest.
e. Andy will earn more interest the first year than Barb both are compound annualy. The first year both will earn the same amount of interest.
