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2 years ago

A $1 per unit tax levied on consumers of a good is equivalent to

1 answer:

7 0

Based on accounting principles, a $1 per unit tax levied on consumers of a good is equivalent to "a $1 per unit tax levied on producers of the good."

This is based on the idea that the market reaches the exact equilibrium price irrespective of who is accountable for paying the money to the government.

In other words, when the government levies a tax on a good, producers are not exempted from the tax levy because that money will be recouped from the producers' sales or revenue.

Hence, in this case, it is concluded that tax on goods is inevitable to consumers and producers.

Learn more here: brainly.com/question/22680521

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Assume that you have entered into a swap agreement for a notional of 100M USD under which every 6 months you agree to pay LIBOR

hodyreva [135]

Answer:

C) 0.5 USD

Explanation:

Swap is an arrangement in which two parties exchange their interest rates for mutual benefit. One party may receive fixed rate and other will receive floating rate based on LIBOR. In the given scenario the swap agreement was originated when the LIBIOR was 3%. The fixed rate was set to be at 4% so the net gain at the time of inception was 1%. When LIBOR increased after six month the net gain declined to only 0.5%.

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3 years ago

The law of ______ returns states that as successive units of a variable resource are added to a fixed resource, beyond some poin

gladu [14]

The law of Diminishing returns states that as successive units of a variable resource are added to a fixed resource, beyond some point, the marginal product will decline.

<h3>What is the law of Diminishing returns?</h3>

The law of diminishing returns explains that when an investment in a particular area increases there will be a stop at the rate of profit from that investment, after a certain point.

Learn more about the law of Diminishing returns at brainly.com/question/17169713

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4 0

2 years ago

Concord Company uses the FIFO method to compute equivalent units. It has 4000 units in beginning work in process, 20% complete a

Andrej [43]

Answer:

67,840 units

Explanation:

The computation of the equivalent units for material by using the FIFO method is shown below:

<u>Particulars Unit Percentage completion Equivalent units</u>

Opening

inventory 4,000 units 50% 2,000 units

Completed

& transferred

(67,000

- 5,800) 61,200 units 100% 61,200 units

Closing

inventory 5,800 units 80% 4,640 units

Total 67,840 units

8 0

4 years ago

The entry to record a purchase of $5,000 on account, terms of 2/10, n/30, would include a

Nezavi [6.7K]

Calculate, from the following information accumulated by Bob Verna, the adjusted cash balance at the end of July.

Bank statement ending cash balance $6,000

General ledger cash balance ending 8,500

Bank monthly service charge 90

Deposits in transit 5,000

Outstanding cheques 3,000

NSF cheque returned with bank statement 410

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3 years ago

Read 2 more answers

Sunland Corporation purchased a limited-life intangible asset for $468000 on May 1, 2019. It has a useful life of 10 years. What

Jobisdone [24]

Answer: $124800

Explanation:

First, we have to calculate the ammortization expense which will be:

= $468000 / 10

= $46800

May 2019 = ($46800 × 8/12)

= $31200

December 2020 = $46800

December 2021 = $46800

Ammortization expense will now be:

= $31200 + $46800 + $46800

= $124800

8 0

3 years ago