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Grace [21]
3 years ago
11

Assume the state of Alabama placed a tax on playing cards of 6 cents per pack. If the state generated $48600 in revenue, how man

y packs of cards were sold?
Business
1 answer:
Rasek [7]3 years ago
3 0

Answer:

the number of packs of cards sold is 810,000 units

Explanation:

The computation of the number of packs of cards sold is shown below:

Tax revenue  = tax per good  × goods

$48,600 = 0.06 ×  Q

Q =$48,600 ÷ 0.06

Q = 810,000

hence, the number of packs of cards sold is 810,000 units

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

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If the price of the common stock should decline by 50 percent, would the price of the convertible bond decline by the same perce
kondaur [170]

If the price of the common stock declines by 50 percent, the price of the convertible bond will also decline by the same percentage

If the stock price falls, the short seller profits by buying the stock at the lower price closing out the trade. Convertible bonds tend to offer a lower coupon rate or rate of return in exchange for the value of the option to convert the bond into common stock.

Thus, if the price of a convertible bond will move in tandem with the price of the common stock, so if the stock price declines, the convertible bond price will follow suit.

Hence, convertible bonds typically carry lower interest rates payments.

To learn more about convertible bond here:

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7 0
2 years ago
Bell Hill Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $78. The current pric
miss Akunina [59]

Answer:

The price of subscription = 6.5

Explanation:

ex rights price = (current price × shares outstanding + amount raised) ÷ (current shares + amount raised/subscription price)

78 = (100×25+50) ÷ (25+50/Subscription price)

The price of subscription = 6.5

8 0
3 years ago
The ledger of Mai Company includes the following accounts with normal balances as of December 31: Common Stock $9,000; Dividends
Molodets [167]

Answer:

Dec 31 Dr Service Revenue 13,000

Cr Income Summary 13,000

Dec 31 Dr Income Summary 10,000

Cr Wages Expense 8,400

Cr Rent Expense 1,600

Dec 31 Dr Income Summary 3,000

(13,000-10,000)

Cr Retained Earnings 3,000

Dec 31 Dr Retained Earnings 800

Cr Dividends 800

Explanation:

Preparation of its December 31 closing entries.

Dec 31 Dr Service Revenue 13,000

Cr Income Summary 13,000

(Being to close revenue account)

Dec 31 Dr Income Summary 10,000

(8,400+1,600)

Cr Wages Expense 8,400

Cr Rent Expense 1,600

(Being to close expense account)

Dec 31 Dr Income Summary 3,000

(13,000-10,000)

Cr Retained Earnings 3,000

(Being to close net income/loss)

Dec 31 Dr Retained Earnings 800

Cr Dividends 800

(Being to close dividends)

4 0
3 years ago
The measure of economic performance that compares how much a system produces versus the resources required to produce​ it, is kn
pogonyaev
<span>The measure of economic performance that compares how much a system produces versus the resources required to produce​ it, is known as​ *productivity*.</span>
8 0
3 years ago
Please subscribe to me on you tube the channel is : Kallen Buzzard it would mean bunches!! God Bless Everyone!!!
Olenka [21]

Answer:

1+1==0000000000

Explanation:

ok i did

4 0
3 years ago
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