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3 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]3 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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Borques Company produces and sells wooden pallets that are used for moving and stacking materials. The operating costs for the p

KengaRu [80]

Answer:

Borques Company

a. Unit inventory cost = $7.27

b. Ending inventory = 3,900 units

c. Absorption-costing operating income = $73,569

Explanation:

a) Data and Calculations:

Variable costs per unit:

Direct materials $2.85

Direct labor $1.92

Variable overhead $1.60 $6.37

Variable selling $0.90 $7.27

Fixed costs per year:

Fixed overhead $180,000

Selling and administrative $96,000 $276,000

Selling price per unit = $9

Acceptable per-unit inventory cost:

Variable product cost per unit = $6.37

Total variable production cost = $1,274,000

Fixed production cost = 180,000

Total production cost = $1,453,000

Unit inventory cost = $7.27 ($1,453,000/200,000)

b. Ending inventory

Beginning inventory 8,200

Production units = 200,000

Units available 208,200

Sales units = 204,300

Ending inventory 3,900

c. Absorption Costing Operating Income:

Sales Revenue $1,838,700 ($9 * 204,300)

Cost of goods sold 1,485,261 ($7.27 * 204,300)

Gross profit $353,439

Selling expenses:

Variable ($0.90 * 204,300) 183,870

Fixed 96,000

Total selling expenses $279,870

Operating income $73,569

5 0

2 years ago

Personal selling requires the ________ flow of communication between a buyer and a seller, often in a face-to-face encounter, de

Free_Kalibri [48]

Answer:

Two-way flow

Explanation:

Personal selling is one of the methods used by salespeople to drive sales. It involves face-to-face interaction with customers who are persuaded to purchase the product.

This method relies heavily on effective communication mostly the two-way flow of communication.

Two-way flow of communication means that when a message is conveyed to the customer there is feedback to the salesperson. The feedback is used to decide the best course of action to be taken in order to complete the transaction

7 0

3 years ago

International flows of funds can affect the Fed's monetary policy. For example, suppose that interest rates are trending lower t

Elden [556K]

Answer:

International flows of funds can affect the Fed's monetary policy. For example, suppose that interest rates are trending lower than the Fed desires. If this downward pressure on U.S. interest rates may be offset by <u>outflows</u> of foreign funds, the Fed may not feel compelled to use a <u>tight </u>monetary policy.

Explanation:

A Tight Monetary Policy is when the central bank tightens policy or makes money tight by raising short-term interest rates through policy changes to the discount rate, also known as the federal funds rate. Boosting interest rates increases the cost of borrowing and effectively reduces its attractiveness.

Outflows of foreign funds or the flight of assets occurs when foreign and domestic investors sell off their holdings in a particular country because of perceived weakness in the nation's economy and the belief that better opportunities exist abroad.

The reasoning is as follows, the rate is down in the USA so holders of assets look for better rates abroad as a consequence there is less money in the US domestic economy and automatically the rate tend to rise (remember that interest rate is the price of money). If there is less supply of something the price of that something will go up (ceteris paribus). The same thing will happen to the interest rate without the intervention of the FED.

7 0

3 years ago

The trade agreement that began as advocating for free trade among nations and ended up as a confusing repository for a multitude

Vera_Pavlovna [14]

Answer:General Agreement on Tariffs and Trade(GATT)

Explanation:

The General Agreement on Tariffs and Trade (GATT) can be referred to as legal agreement between two or more nations, whose overall purpose is to promote international trade by reducing or eliminating trade barriers such as tariffs etc

4 0

3 years ago

Read 2 more answers

What do law enforcement public safety corrections and security agencies usually provide to help their employees manage stress Pl

Furkat [3]

Answer:

The following have been discovered to be of help in reducing stress for law enforcement and public safety officials such as the Police and Military.

Attaining and maintaining work-life balance
deliberately taking out time for leisure activities
Keeping a very positive mindset always
setting and pursuing after goals and avoiding procrastination
Planning their daily work for enhanced effectiveness

Explanation:

Stress amongst law enforcement officials and public safety officials has become very crucial due to the following reasons:

1. It's easy for stress to go on for a prolonged period of time in the lives of these officials because of the nature of their work.

2. They are always in the face of danger and have to take life-or-death decisions/risks very often.

3. Relative inconclusive nature of their work

4. Frequent changes in shifts

5. Financial challenges and

6. In some cases health challenges of the officers in question or loved ones.

Stress amongst Law enforcement officials are very difficult to track because as they are trained to be and look tough...hence a the thinking is that a demonstration of weakness or admission of challenges could be interpreted as incompetence or inability to continue on the job.

Cheers!

4 0

3 years ago