All categories

2 years ago

Why are citizens punished with sin taxes

Business

1 answer:

horrorfan [7]2 years ago

5 0

Answer:

Sin taxes are typically added to liquor, cigarettes, and goods that are considered morally hazardous. Because they generate enormous revenue, state governments favor sin taxes. ... The sin tax seeks to reduce or eliminate consumption of harmful products by making them more expensive to obtain

Explanation:

You might be interested in

Shamrock Shades operates in mall kiosks throughout the southwestern U.S. Shamrock purchases sunglasses from bulk discounters and

mote1985 [20]

Shamrock Shades operates in mall kiosks throughout the southwestern U.S. Shamrock purchases sunglasses from bulk discounters and sells the sunglasses in the mall kiosks. Shamrock is in the process of budgeting for the coming year and has projected sales of $310,000 for January, $390,000 for February, $550,000 for March, and $590,000 for April. Shamrock's desired ending inventory is 30 percent of the following month's cost of goods sold. Cost of goods sold is expected to be 20 percent of sales. Required: Compute the required purchases for each month of the first quarter (January- March) January February March Required Purchases

8 0

3 years ago

2. What should Parker have done during the sales presentation when Kitchel told him that he needed to think it over?

soldi70 [24.7K]

Answer:

he should have use his sense

6 0

3 years ago

Reasons why South African post office taking private courier companies to court

Brrunno [24]

Answer:

Explanation:

As the only operator of this kind in South Africa, the Post Office has the exclusive right to provide delivery services for all letters, postcards, printed matter, small parcels, and other postal articles up to and including 1kg.

PostNet was initially ordered to stop delivering all packages weighing 1kg and less by 17 March 2020. However, it secured an interdict which allowed it to continue to deliver these packages until the full challenge was heard in the Gauteng High Court.

The Post Office, Postnet and the South African Express Parcel Association (SAEPA) are now set to head to court in a move that could have ramifications for the entire courier industry in South Africa.

Icasa spokesperson Paseka Maleka told BusinessDay that the regulator would give its support to the Post Office as it was following the letter of the law, which allowed private couriers to only deliver food items in the 1kg or less category.

“Icasa’s mandate is to implement what the law requires, and we are doing exactly that,” he said.

“There are exemptions that deal with businesses that do not fall under postal services. Uber Eats, Mr Delivery, etc are such businesses. Obviously, one cannot expect Sapo to be delivering pizza to a consumer,” he said.

3 0

3 years ago

Which of the following qualities of an organization adds to the value of its resources by making it inimitable?

klio [65]

Its people add to the value of its resources by making it inimitable

4 0

3 years ago

Deoro Company has identified the following overhead activities, costs, and activity drivers for the coming year:

m_a_m_a [10]

Answer:

Deoro Company

Unit cost for each model

Model A Model B

1. Using direct labor hours $176.72 $232.815

2. Using the four activity drivers $136.45 $298.20

3. ABC (method 2) produces the more accurate cost assignment. The overhead cost depends on the level of activity consumed by each model.

Explanation:

a) Data and Calculations:

Activity Expected Cost Activity Driver Activity Capacity

Setting up equipment $492,880 Number of setups 610

Ordering costs 372,000 Number of orders 18,600

Machine costs 963,600 Machine hours 43,800

Receiving 501,600 Receiving hours 11,400

Total overhead costs $2,330,080

Activity rates:

Setting up equipment = $808 ($492,880/610) per setup

Ordering costs = $20 ($372,000/18,600) per order

Machine costs = $22 ($963,600/43,800) per machine hour

Receiving = $44 ($501,600/11,400) per receiving hour

Total direct labor hours = 8,000

Total overhead costs = $2,330,080

Predetermined overhead rate using direct labor hours:

= $291.26 ($2,330,080/8,000)

Unit cost for each model:

Using direct labor hours to apply overhead:

Model A Model B

Direct materials $600,000 $800,000

Direct labor $480,000 $480,000

Overhead $1,747,560 $582,520

Total costs $2,827,560 $1,862,520

Unit costs $176.72 $232.815

Units completed 16,000 8,000

Direct labor hours 6,000 2,000

Number of setups 400 200

Number of orders 6,000 12,000

Machine hours 24,000 18,000

Receiving hours 3,000 7,000

Overhead assigned to:

Using predetermined rate based on direct labor hours:

Model A Model B

Overhead rate = $291.26 per direct labor hours

Direct labor hours 6,000 2,000

Using direct labor hours $1,747,560 $582,520

Using activity-based costing method:

Rates Model A Model B

Setting up equipment = $808 $323,200 ($808*400) $161,600 ($808 * 200)

Ordering costs = $20 120,000 ($20 *6,000) 240,000 ($20 * 12,000)

Machine costs = $22 528,000 ($22 *24,000) 396,000 ($22 * 18,000)

Receiving = $44 132,000 ($44 * 3,000) 308,000 ($44 * 7,000)

Total overhead assigned $1,103,200 $1,105,600

Using activity-based rates to apply overhead:

Model A Model B

Direct materials $600,000 $800,000

Direct labor $480,000 $480,000

Overhead $1,103,200 $1,105,600

Total costs $2,183,200 $2,385,600

Units completed 16,000 8,000

Unit costs $136.45 $298.20

4 0

3 years ago

Why are citizens punished with sin taxes​

Why are citizens punished with sin taxes