Answer:
The plan which is prepared by manager or owner for their business to attain the certain objectiveis known as business plan
Answer:
u can do it.. it's bit complicated.. sorry
Answer:
- The price buyers will pay will be higher
- The tax on T shirts will cause a dead weight loss
- There will be a decrease in T shirts sold
Explanation:
In this scenario when curve for demand and is not perfectly inelastic it means that with an increase in price there is a fall in the amount of a good demanded.
So when tax is imposed on the T shirts the producers will have a higher cost of production. This is transfered to the buyer in form of higher prices.
Since the increase in price reduces quantity demanded, the buyer will buy less T Shirts at the higher price
Dead weight loss is a cost to society as a result of inefficiency non the market.
When taxes are applied supply and demand go out of equillibrum as prices are now higher. Therefore tax imposition causes a dead weight loss.
Answer:
c. $144,000
Explanation:
Consider the Incremental Costs and Revenues. Fixed Costs are irrelevant for this decision since they do not change within the operating range of 60,000.
<u>Analysis of Incremental Costs and Revenues</u>
Sales (3,000×$75) 225,000
Variable manufacturing ( 3,000×$25) (75,000)
Variable selling and administrative (3,000×$2) (6,000)
Net Income 144,000
<u>Conclusion</u>
An incremental net income of $144,000 will result from accepting the special order.
