You had a part time job that paid you $950 in one tax year. Do you have to file a

Suppose that the government decides to charge cola consumers an excise tax. Before the tax, the market is in equilibrium, where

Hitman42 [59]

Answer:

The answer is: The excise tax on cola beverages is $2 per case.

Explanation:

Excise taxes are taxes levied on certain goods or services.

In this case the price of cola beverages is $4 per case, since excise taxes are included in the price of the product, then the excise tax on cola beverages = price paid by consumers - price received by producers = $4 - $2 = $2

8 0

3 years ago

3. Balancing utility and price Suppose Tim has to choose between purchasing high-definition televisions and juice. Which of the

Rom4ik [11]

Answer: Option (C) is correct.

Explanation:

The following rule should be use to choose the optimal quantities of two goods:

$\frac{MU\ of\ Juice}{Price\ of\ Juice} =\frac{MU\ of\ HDTVs}{Price\ of\ HDTVs}$

Marginal utility refers to the utility that a consumer can get from the additional unit of a commodity.

$\frac{MU\ of\ Juice}{MU\ of\ HDTVs} =\frac{Price\ of\ Juice}{Price\ of\ HDTVs}$

From the above equation, we can predict that marginal utility from the last TV is greater than the marginal utility obtained from the last gallon of juice. We know that Juice is less expensive as compared to the price of TV.

8 0

3 years ago

LO 8.5Which of the following is a possible cause of an unfavorable labor rate variance?

riadik2000 [5.3K]

Answer:

hiring higher-quality workers at a higher wage

Explanation:

Possible causes of unfavorable labor rate variances include:

An increase in pay for employees.

Working overtime hours paid at a premium above the basic rate.

Using direct labor employees who were more skilled and experienced than the ‘normal’ and who are paid more than the standard rate per hour (adverse rate variance).

Based on the above discussion, the answer is hiring higher-quality workers at a higher wage

6 0

3 years ago

Roger Fox made deposits of $900 semiannually to Reed Bank at the end of each period, which pays 6% interest compounded semiannua

Molodets [167]

The balance in the account eight years after the last deposit is $24,676.68

What is an ordinary annuity?

Ordinary annuity means a fixed amount that would be paid over a period of time, with payments being made at the end of each period.

Like in this scenario, the $900 would be deposited every six months into the Reed Bank account for 7 years, in essence, our first task is to determine the balance in the account as at the time of last deposit in 7 years using the future value formula of an ordinary annuity as shown below:

FV=annuity payment*(1+r)^N-1/r

annuity payment=$900

r=semiannual interest rate=6%/2=0.03

N=number of semiannual payments in 7 years=7*2=14

FV=$900*(1+0.03)^14-1/0.03

FV=$900*(1.03)^14-1/0.03

FV=$900*(1.51258972485511-1)/0.03

FV=$900*0.51258972485511/0.03

FV=$15,377.69

The balance in the account eight years after the last deposit can be computed using the future value formula of a single cash of $15,377.69

FV=PV*(1+r)^N

PV=balance at the time of last deposit=$15,377.69

r=semiannual interest rate=6%/2=0.03

N=number of semiannual periods in 8 years=8*2=16

FV=$15,377.69*(1+0.03)^16

FV=$24,676.68

Find out more about the future value of an ordinary annuity on:brainly.com/question/5303391

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6 0

1 year ago

Ano ang teoryang maaring makapagliwanang sa pinagmulan ng kapuluan ng pilipinas?

gtnhenbr [62]

Sorry I don’t know the answer I am just answering to see something about my points because they are negative and I am trying something I am so

4 0

3 years ago