Which of the following is a characteristic of a corporation?

The federal government uses the revenue from the fica (federal insurance contribution act) tax to pay for

kicyunya [14]

Social Security and Medicare benefits to elderly and retired people.

5 0

3 years ago

Consider public policy aimed at smoking. Studies indicate that the price elasticity of demand for cigarettes is about 0.2. If a

melomori [17]

Answer:

$7.5

Greater

Explanation:

Price elasticity of demand = percentage change in quantity demanded/ percentage change in price

0.2 = 10%/ percentage change in price

percentage change in quantity demanded = 50% = 0.5

0.5 = (New price - $5) / $5

New price = (5 × 0.5) + 5 = $7.5

In the short run, demand is relatively inelastic because consumers need time to find suitable substitutes but in the long run, demand is usually more elastic.

I hope my answer helps you

5 0

3 years ago

Temple Square Inc. reported that its retained earnings for 2005 were $490,000. In its 2006 financial statements, it reported $60

V125BC [204]

Answer:

Dividend = $40,000

Explanation:

Given:

Temple Square Inc. reported that its retained earnings for 2005 were $490,000.

In its 2006 financial statements, it reported $60,000 of net income,

It ended 2006 with $510,000 of retained earnings. ( Ending retained earnings )

Question asked:

How much were paid as dividends to shareholders during 2006 ?

Solution:

Here given that Temple Square Inc. reported that its retained earnings for 2005 were $490,000, means this amount will carry forward and will be considered as Beginning retained earnings for 2006.

Now, we have to find, how much dividends were paid to shareholders during 2006.

As we know:

Ending retained earnings = Beginning retained earnings + Net income - Dividend

510,000 = 490,000 + 60,000 - Dividend

510,000 = 550,000 - Dividend

Subtracting both sides by 550,000

- 40,000 = - Dividend

Adding both sides by minus ( - )

Dividend = $40,000

Therefore, Temple Square Inc. paid $40,000 to shareholders during 2006.

3 0

3 years ago

2. The case says that Kayem Foods is not meeting its profit targets. Why is it difficult for this firm to make money in this mar

swat32

Companies often set target for themselves. The reasons why it is difficult for this firm to make money is that;

As a result of poor demand for the products
It can be also be like due to the power or prestige gained over the years by the supermarkets is depreciating.
This can be due to the small price margin or the price competition from other manufacturers.
Losses encountered via the issue of Private Label
Poor marketing and advertisement strategy and poor budget allocation for it.

Kayem Foods is a very popular brand. It is known to be a 4th generation family owned business. It has it headquartered in Chelsea, MA.

It is commonly known in the world to be the biggest processed meat company that is found in New England. They are based on natural casing, fully cooked and fresh sausage etc.

Learn more about Food from

brainly.com/question/25884013

3 0

3 years ago

Recently Anheuser-Bush, an American Corporation, and InBev, a Belgian Corporation, finalized a multibillion dollar merger to for

bulgar [2K]

Answer:

Horizontal merger

Explanation:

An horizontal merger is a consolidation or merging of companies that are the same industry. Merging of companies in the same industry helps the companies to have a greater market share of the industry.

As seen in the question below, both companies are beer companies and are consolidating or merging to form the largest beer company in the world. This wold give them a global coverage as opposed to the few countries they were restricted to before the merger.

Cheers.

4 0

3 years ago