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1 year ago

Why are citizens punished with sin taxes

Business

1 answer:

horrorfan [7]1 year 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:

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How can producers make the most profit? Check all that apply.

Ymorist [56]

Answer:

The answer is B, C, and E.

Explanation:

Saw this post and one other neither had the correct answer so i figured i would help anyone out that needs the correct answer.

4 0

2 years ago

An annual has 15 years to maturity. It has a coupon rate of 5%, a YTM of 8%. Fill in the cells highlighted in yellow, and aswer

grin007 [14]

Answer:

Market value at 8% YTM $ 743.2156

at 10% YTM $ 619.6960

Explanation:

Assuming the face value is 1,000 as common outstanding American company's bonds:

Market value under the current scenario:

Present value of the coupon payment:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

Coupon: $1,000 x 5% = 50

time 15 years

rate 0.08

$50 \times \frac{1-(1+0.08)^{-15} }{0.08} = PV\\$

PV $427.9739

Present Value of the Maturity

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 15.00

rate 0.08

$\frac{1000}{(1 + 0.08)^{15} } = PV$

PV 315.24

PV c $427.9739

PV m $315.2417

Total $743.2156

If the interest rate in the market increaseby 2% then investor will only trade the bonds to get a yield 2% higher that is 10% so we recalculate the new price:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 50.000

time 15

rate 0.1

$50 \times \frac{1-(1+0.1)^{-15} }{0.1} = PV\\$

PV $380.3040

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 15.00

rate 0.1

$\frac{1000}{(1 + 0.1)^{15} } = PV$

PV 239.39

PV c $380.3040

PV m $239.3920

Total $619.6960

Giving a lower price than before

3 0

2 years ago

Long-term investments that cost the company $25 were sold during the year for $54 and land that cost $53 was sold for $28. In ad

adell [148]

Answer:

Explanation:

Long-term Investment cost = $25

Long-term Investment sales value = $54

Gain from Long-term Investment = $(54-25) = $29

Land cost = $53

Land sales value = $28

Loss from sale of Land = $(28-53) = -$25

Cash Dividend paid = $22

Total change in Assets = $(29-25) = $4

Total change in Equity = -$22

6 0

2 years ago

Leather Shop earned net income of $ 71,000 after deducting depreciation of $ 5,000 and all other expenses. Current assets decrea

Thepotemich [5.8K]

Answer:

$89,000

Explanation:

Given that,

Net Income = $71,000

Depreciation = $5,000

Increase in Current Liabilities = $9,000

Decrease in Current Assets = $4,000

Net Cash from Operating Activities:

= Net Income + Depreciation + Increase in Current Liabilities + Decrease in Current Assets

= $71,000 + $5,000 + $9,000 + $4,000

= $89,000

Therefore, the Leather Shops cash provided by operating activities (indirect method) is $89,000.

7 0

2 years ago

The Waverly Company has budgeted sales for the year as follows:

Yanka [14]

Answer:

Production= 15,000 units

Explanation:

Giving the following information:

Sales:

Q2=14,000

Q3=18,000

The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units.

To calculate the production for the second quarter, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 14,000 + (18,000*0.25) - (14,000*0.25)

Production= 15,000 units

6 0

2 years ago

Why are citizens punished with sin taxes​

Why are citizens punished with sin taxes