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Julli [10]
3 years ago
11

The government decided to reduce taxes on fast-food to increase revenue. The government assumes that fast-food products have a.

​An elastic demand b. ​Unitary elastic demand curve c. ​An inelastic demand d. ​A demand curve that is upward sloping
Business
1 answer:
AveGali [126]3 years ago
3 0

Answer:

option (a) An elastic demand

Explanation:

This is when taxes are reduced on fast food , the prices will decrease and people will patronize more ,and with this  the demand is elastic, people would consume more which increases the revenue.

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the percentage margin is40%

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On january 1, year 2, kincaid company's accounts receivable and the allowance for doubtful accounts carried balances of $31,000
Gala2k [10]

Answer:

$27,725

Explanation:

Given that,

kincaid company's accounts receivable = $31,000

Allowance for doubtful accounts at January 1 = $500

Wrote off receivables as uncollectible = $550

1% of credit sales

cash collections of receivables = $74,550

Accounts receivable:

= Accounts receivable at January 1 + Credit sales - Wrote off receivables as uncollectible - Cash collection of receivables

= $31,000 + $72,500 - $550 - $74,550

= $28,400

Accounts for Doubtful Accounts:

= Allowance for doubtful accounts at January 1 - Wrote off receivables as uncollectible + 1% of credit sales

= $500 - $550 + (0.01 × $72500)

= $500 - $550 + $725

= $675

Net realizable value of receivables:

= Accounts receivable - Accounts for Doubtful Accounts

= $28,400 - $675

= $27,725

Therefore, the net realizable value of receivables appearing on kincaid's year 2 balance sheet will amount to $27,725.

3 0
3 years ago
How did you feel while you were discussing your inventories with your family members
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2. Sorry, you didn't win the lottery, but here's a way you can still be a millionaire! Starting at age 22, every night you take
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Note 65years-22 years = 43 years

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Answer:

C. Her company may still need to provide customer service to existing customers.

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Apex

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