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2 years ago

In three to four sentences, explain how taxes influence consumer decisions and buying power.

2 answers:

8 0

Factors such as price and production costs help determine the market supply curve.
Most states impose sales tax on some goods and services as a means of generating revenue. However, sales taxes also influence consumer behavior. These influences, along with the basic financial impact of sales tax, are evident on supply and demand curves when sales tax rates increase or a state imposes a new sales tax.

Alja [10]2 years ago

6 0

Answer:

Income taxes reduce the amount of money that an employed individual brings home. This causes individuals to have less disposable income to spend. Additionally, when taxes are applied to goods that consumers purchase, they are spending more for individual items. This means that many consumers must weigh their opportunity costs and decide between items to purchase

Explanation:

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Which of the following is a sign that entrepreneurship might be a good fit for you?

FinnZ [79.3K]

You like to convince people do what you want for the benefit of everyone.

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3 years ago

Overapplied manufacturing overhead would result if:

Ksivusya [100]

Manufacturing overhead describes the difference between manufacturing overhead cost applied to work in process and manufacturing overhead cost actually incurred during a period.
Over-applied manufacturing overhead would result if the manufacturing overhead cost applied to work in process is more than the manufacturing overhead cost actually incurred during a period. So, in over-applied overhead the applied overhead is bigger than the actual overhead.

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3 years ago

Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicat

kenny6666 [7]

Answer:

c. Work in Process--Department 2 375,000 Work in Process--Department 1 375,000

Explanation:

The journal entry is shown below:

Work in Process - Department 2 $375,000 ($100,000 + $125,000 + $150,000)

To Work in Proces - Department 1 $375,000

(Being the flow of cost from Dept 1 to Dept 2 is recorded)

Here the work in process for dept 2 is debited as it increased the assets and credited the work in process for dept 2 as it decreased the assets

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3 years ago

Type the correct answer in the box. Spell all words correctly.

umka21 [38]

Do you have a word bank?

i think 1: flowchart
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3 years ago

Read 2 more answers

Your neighbor Bob has two annuities. The first annuity will pay him $10,000 per month for the next 10 years. The second annuity

german

Answer:

$1,643,344.308

Explanation:

These are Ordinary annuities because if it is not mentioned that the payments are made at the beginning of the year which is the case for Annuity Due.

You can use a financial calculator to find the Present value of these two ordinary annuities.

PV of Annuity 1 from (yr1-yr10)

Recurring payment; PMT = 10,000

Total duration ; N = 10 *12 = 120 months

Monthly interest rate in this case ; I/Y = 6%/12 = 0.50%

Future value ; FV = 0 (use 0 if annuity variable is not given )

then CPT PV= $900,734.533

PV of Annuity 1 from (yr11-yr20)

This will happen in 2 steps sice it is a forward-starting annuity;

Recurring payment; PMT = 15,000

Total duration ; N = 10 *12 = 120 months

Monthly interest rate in this case ; I/Y = 6%/12 = 0.50%

Future value ; FV = 0 (use 0 if annuity variable is not given )

then CPT PV( at t=10)= $1,351,101.80

Next find the PV of $1,351,101.80 at t=0;

$1,351,101.80 /(1.005^120) = $742,609.7754

Next, find the sum of these two PVs to find the answer;

=$900,734.533 + $742,609.7754

PV = $1,643,344.308

6 0

3 years ago