All categories

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:

You might be interested in

Iagan, Inc. has collected the following data. (There are no beginning inventories.) Units produced 700 units Sales price $ 120

Olin [163]

Answer:

A. $ 6,800

Explanation:

The options are inconsistent with the data given.

Variable costing Method consider all variable costs as the cost of sales and fixed cost as the periodic or operational cost.

Variable Costs

Direct materials $50 per unit

Direct labor $12 per unit

Variable manufacturing overhead <u>$6 per unit</u>

Total Variable cost per unit <u>$68 per unit</u>

Ending Inventory = Production for the year - Sale in the year = 700 - 600 = 100 units

Value of Ending Inventory = $68 x 100 units = $6,800

4 0

4 years ago

Choose all that apply.

LuckyWell [14K]

Since Eva would like more information on services available at her bank, she can use the following resources explained in item 3,5 and 2.
Item 3 customer services representative at the bank. This is the best choice. Item 2 printed material and item 5 bank websites can be included.

6 0

3 years ago

Read 2 more answers

Currently, Powell Products has a beta of 1.0, and its sales and profits are positively correlated with the overall economy. The

bearhunter [10]

Answer:

A. The proposed new project would have more stand-alone risk than the firm's typical project.

8 0

3 years ago

Toby kirkland’s parents claim him as a dependent on their tax return. Toby had earned income in the amount of $2,897. What is to

labwork [276]

When we use the IRS rule which states the standard deduction amount should be greater than $900 or the income earned by the taxpayer for the year in addition with $300 (should not be exceeding the regular standard deduction). Income earned by Toby is $2,897, then add

$300 into it.

The correct standard deduction amount would then be $3,197 ($2,897 +300)=$3197.

Standard deduction is the deduction given by the income tax authorities to the tax payer.

Internal revenue bulletin is the instrument used by the IRS for announcing all the rules.

To know more about Standard deduction here:

brainly.com/question/3158031

#SPJ4

4 0

2 years ago

A machine shop produces metal brackets on two different machines. Machine 1 can produce a bracket every 10 minutes. Machine 2 ca

KIM [24]

Answer:

10.5 is the average productivity per machine.

Explanation:

To calculate the average productivity per machine, the following steps will be taken

Step 1: Calculate the number of brackets produced per hour for Machine 1

The formula is 60 Minutes (total number of minutes in an hour) / 10 Minutes (total time it takes to produce a bracket)

=60/10 = Machine 1 can produce 6 brackets per hour

Step 2: Calculate the number of brackets produced per hour for Machine 2

The same step as machine 1 in step 1 is also taken

= 60 Minutes/ 4 Minutes = Machine 2 can produce 15 brackets per hour.

Step 3: Now calculate the average productivity per machine

To do this, add the number of bracket produced by each machine and divide by 2

= 6 + 15 = 21/2

= 10.5

7 0

3 years ago