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Nezavi [6.7K]
3 years ago
10

What is a federal and/or state tax on specific goods like gasoline, tires, airfare, or cigarettes?

Business
2 answers:
amm18123 years ago
8 0
An excise tax is a <span>federal and/or state tax on specific goods like gasoline, tires, airfare, or cigarettes. Excise taxes are most always included in the price of the product.</span>
JulijaS [17]3 years ago
7 0

excise tax, which is a federal and/or state tax on specific goods such as gasoline, tires, airfare, and cigarettes.

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Suppose you invest in 100 shares of Harley-Davidson at $60 per share and 300 shares of Yahoo at $25 per share. Over the next yea
Alexxx [7]

Answer:

(a) $0 (b) 0% (c) 50% (d) -40% (e) 0.444 and 0.556 (f) -0.05

Explanation:

(a) Profit (in $) = (increase in price per share of Harley-Davidson * number of Harley-Davidson shares held) - (decrease in price per share of Yahoo * number of Yahoo shares held)

= $90 - $60 = $30 increase in Harley Davidson and $25 - $15 =$10 decrease in Yahoo

= ($30*100) - ($10*300) = $0

(b) return on portfolio = return/capital invested * 100 = $0/($60 * 100 + $25 * 300) = $0/$13500 = 0%

(c) return on investment in Harley = return/capital invested in Harley * 100 = $30*100/$60*1000 = $3000/$6000 = 50%

(d) return on investment in Yahoo = return/capital invested in Yahoo * 100 = -$10*300/$25*300 = -$3000/$7500 = - 40% (negative rate of return)

(e) Weighting at the beginning of year (in decimals)

Harley Davidson = $60 * 100 units/ total invested ($60 * 100 + $25 * 300)

                            = $6000/$13500 = 0.444

Yahoo = $25 * 300 units/ total invested

           = $7500/$13500 = 0.556

(f) realized returns (as a decimal) of the portfolio = 0.444*50% + 0.556*-40%

                                                                                 = -0.0493728

                                                                                 = - 0.05 (to decimal places)

3 0
3 years ago
Leading guitar string producer wound up inc. has enjoyed a competitive advantage based on its proprietary coating that gives its
Rashid [163]

Answer:

(C) Direct imitation and Substitution

Explanation:

As a leading guitar string producer Wound Up inc. has enjoyed a competitive advantage based on its proprietary coating that gives its strings a clearer sound and longer lifespan than uncoated strings. One of Wound Up's competitors, has recently developed a similar coating using less expensive ingredients, which allows it to charge a lower price than wound up for similar-quality strings. Therefore and consequently, Wound Up's competitive advantage is in danger due to direct imitation and substitution. As it has been very much obvious from the given data that Wound Up was enjoying superior position in the market based on the clearer sound and longer lifespan of its guitars, which was purely due to their signature coating which they used on the strings. When on its competitor has developed the same kind of coating but even at the lesser rates, then of course, they can enjoy much better position in the market and they can compete much effectively with the Wound UP, both in quality and price as well. This direct imitation and substitution can lead Wound Up losing its competitive advantage, therefore, either they can develop the same strings at the less process or they have to come up with something totally new, creative and unique in order to win this competition now.

5 0
3 years ago
Who inverted the first Guitar
Alex787 [66]
<span>Gaetano Vinaccia invented the six string guitar.</span>
6 0
3 years ago
Al’s Automotive started the year with total assets of $250,000 and total liabilities of $180,000. During the year the business r
34kurt

Answer:

A :$210,000

Explanation:

The accounting equation gives the relationship between the various elements of the balance sheet. These are the assets, liabilities and Stockholders' equity

Assets = Stockholders' equity + Liabilities

Retained earnings is the portion of the company's earnings that is added to the common stock to get the Stockholders' equity.

Retained earnings added =  $375,000 -  $200,000 - $35,000

= $140,000

Stockholders' equity at the end of the year = $250,000 - $180,000 + $140,000

= $210,000

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2 years ago
Excel Memory Company can sell all units of computer memory X and Y that it can produce, but it has limited production capacity.
koban [17]

Answer:

Please see attachment

Explanation:

Please see attachment

7 0
3 years ago
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