Answer:
The correct answer is 842.1 Pesos and 941.18 Pesos.
Explanation:
According to the scenario, the given data are as follows:
Price of Jeans = $80
So, if exchange rate is $0.095 = 1 pesos
Then pesos required to buy that jeans can be calculated as follows:
Pesos required = $80 ÷ $0.095
= 842.1 Pesos
And if 1 Pesos = $0.085, then
Pesos required = $80 ÷ $0.085
= 941.18 Pesos
The correct answer is A = 110, B= 40, C=20..
<u>Explanation</u>
If A+B-C= 170 and B+C-A=130 ,
=C+A = 130
or, C= 130- A
Again, A+B-C =170
or, A+B =170+C
A+B = 170+130-A ( c=130-A)
A+B = 300-A
2A+B = 300
A+B= 300/2
A+B = 150
A+B-C= 170
A+B = 170+C
150 = 170 +C ( A+B = 150)
or, C = 20..............................(1.)
A+C =130
or,A+ 20= 130 ( A=110).....................(2)
A+B = 150
110+B= 150
B = 150-110
B= 40..........................................(3)
Therefore, A = 110, B= 40, C=20..
Answer:
(A) is the manner in which the burden of a tax is shared among participants in a market
Explanation:
Tax incidence refers to the burden of a tax between buyers or sellers or other stakeholders.
When price elasticity of supply is greater than price elasticity of demand, i.e a change in price causes supply to change more than demand, the tax incidence is said to be more burdensome for the buyers and vice versa.
It represents the distribution of tax burden to various sections of a society such as producers, consumers, etc.
For example, if taxes and duties are raised on alcohol or cigarettes, the producers shall transfer such burden on the consumers by covering their margin and raising prices. Thus, in such a case, the tax incidence would be borne by the consumers.
Answer:
Effect on income= $7,500 increase
Explanation:
Giving the following information:
Special offer:
Units= 10,000
Price= $5
Production costs:
Direct Materials $1.75
Direct Labor 2.50
Variable Overhead 1.50
Because it is a special offer and there is unused capacity, we will not take into account the fixed costs.
Effect on income= number of units*unitary contribution margin
Effect on income= 10,000*(5 - 1.75 - 2.5 - 1.5)
Effect on income= $7,500 increase
