Excise taxes, often referred to as 'sin taxes', shift the supply curve upwards, leading to increased prices and decreased supply. While this should ideally reduce consumption, the addictive nature of products like cigarettes means demand is inelastic, or insensitive to price changes, resulting in unlikely significant changes to consumption patterns.
Explanation:The government utilizes excise taxes, often referred to as 'sin taxes', as a tool to influence market behavior. For products like cigarettes, this tax is levied in hopes to reduce consumption.
Illustrating this with a diagram, let's say the initial equilibrium price and quantity were P1 and Q1. Post tax, the supply curve shifts upwards by the amount of the tax, creating a new equilibrium at price P2 and quantity Q2. The difference between P2 and P1 shows the tax per unit which the consumer pays.
Producers receive price P3, lower than the previous price because of the tax amount taken by the government. The rectangle formed by the vertical distance between P2 and P3 and the horizontal distance at Q2 represents the tax revenue.
Theoretically, the tax should reduce consumption. But it's unlikely to significantly reduce cigarette consumption because of the addictive nature of smoking. Smokers will likely continue to purchase cigarettes despite the increased price, making cigarette demand inelastic.
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If an offeree dispatches both an acceptance and a rejection to an offer:
a.the acceptance is effective as soon as it is dispatched and a contract is created.
b.the rejection is effective as soon as it is dispatched and no contract can be created.
c.neither the acceptance nor the rejection is effective and another response must be issued.
d.whichever response reaches the offeror first will determine whether a contract is created.
In the context of international trade, a small country is one that:
Juniper enterprises sells handmade clocks. its variable cost per clock is $6, and each clock sells for $24. calculate juniper's contribution margin per unit and contribution margin ratio.
Final answer:
Juniper Enterprises' contribution margin per unit is $18, and their contribution margin ratio is 75%, calculated from a variable cost of $6 and a selling price of $24.
Explanation:
To calculate Juniper Enterprises' contribution margin per unit and contribution margin ratio, we use the given data of a variable cost per clock of $6 and a selling price of $24. The contribution margin per unit is found by subtracting the variable cost per unit from the selling price per unit.
Therefore, for Juniper Enterprises, the contribution margin per unit is $24 - $6 = $18 per clock. The contribution margin ratio is calculated as the contribution margin per unit divided by the selling price per unit, expressed as a percentage. So, Juniper's contribution margin ratio is ($18 / $24) * 100 = 75%.
Daw company's december 31 year-end unadjusted trial balance shows a $10,000 balance in notes receivable. this balance is from one 6% note dated december 1, with a period of 45 days. assume daw company does not prepare reversing entries. prepare journal entries for december 31 and for the note's maturity date assuming it is honored. (use 360 days a year.)
Interest on notes receivable is the cost of borrowing money for the borrower or profit from lending money. Interest should be calculated by multiplying principle amount of notes with rate of interest and number of days of interest. Following is the calculation
Interest = Principle amount of notes x Annual rate of interest x days = 10,000 x 0.06 x (30/360) = 50
Since the interest amounts to $50 for the period of 30 days at the rate of 6%, the journal entry for the corresponding transaction is shown below.
On Dec 31, Interest receivable debit is $50. Interest Revenue Credit is $50
Interest receivable account should be debited as it is the asset of D and revenue account needs to be credited as interest income of company should be recognized at income side of profit and loss account which amount to $50.
Maturity date is the date on which notes must be repaid with specified interest for holding period. Generally, maturity period of notes is less than a year means in days. Since notes is issued for 30 days at the interest rate of 6%, computation of the maturity date is shown below.
On Aug 2, Cash Debit is $10,075. Interest receivable Credit is $50. Notes receivable Credit is $10,000. Interest Revenue Credit is $25.
On the date of maturity, cash is received against the note along with the interest due to which cash account needs to be debited by maturity value of $6,180. Notes receivable should be credited by $10,000. Interest is the income for the company and it should be credited underlying the profit and loss account.
[tex]10,000 *(0.06* (\frac{31}{365})) = 50.95[/tex]
Debt: Interest Receiveable 50.95
Credit: Interest Revenue 50.95
Further Explanation Due to a 6% interest of $ 50.95 over a 30 day period, the journal entries are as follows: December 31, debit from interest receivables is $ 50.95. The Interest Income Credit is $ 50.95 Accounts receivable written down debited because it is a Daw company assets The written income account is credited because the company's interest income must be recognized profit and loss income of $ 50.95.
Money orders are issued for 30 days at an interest rate of 6%, the calculation of the due date is as follows: August 2, Cash Debit is $ 10,075.95 $ 50.95 interest receivable credit Credit received by Notes is $ 10,000 The Interest Income Credit is $ 25
On the due date, cash received by the notes and interest is debited with a maturity value of $ 6,180 Receivables are credited with $ 10,000 Interest is income for the company and is credited for the basis of the profit and loss account.
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Grade: College
Subject: Business
Keyword: interest, revenue, due
What is an agency relationship?
Victor realizes that he needs money to start a clothing company. if he decides to obtain his funds through equity financing, what will his company have to do?
Victor's company will need to issue stock to raise funds through equity financing, resulting in selling parts of his company to investors in exchange for capital, while forgoing the requirement of making regular interest payments like in debt financing.
If Victor decides to obtain his funds through equity financing, his clothing company will need to issue shares of stock, representing ownership stakes in the business. By doing this, Victor is choosing to sell parts of his company to investors rather than taking on debt like a bank loan or issuing bonds. These investors, include private individuals such as angel investors or professional entities like venture capitalists, provide capital in exchange for ownership. This means they have a claim to future profits and a say in the company's operations, but unlike debt financing, the company is not obligated to make regular interest payments.
Equity financing allows companies, especially ones with little to no profits, to raise funds without the pressure of repayment schedules associated with debt. However, Victor will be giving up a portion of his decision-making power and potential future profits. He'll need to strike a balance between gaining capital and retaining control of his company.
Deere & company, the maker of john deere farm, construction, and lawn-care equipment, employs ___________ engineers who work full-time with the company's suppliers to improve their efficiency and quality and reduce their costs.
Rank the 1040 forms in order from simplest to most complex. a. 1040-A, 1040-EZ, 1040 b. 1040-EZ, 1040, 1040-A c. 1040-EZ, 1040-A, 1040 d. 1040, 1040-EZ, 1040-A Please select the best answer from the choices provided A B C D
Answer:
C is the correct choice.
Explanation:
You are considering building a new deck on your home, what factors should you consider when deciding whether to borrow the money or take the money out of your savings account?
Organizing data how is data displayed to make it meaningful answer key
according to ___, self-interest and competition act as ____ guiding firms in a market-based economy.
ADAM SMITH
AN INVISIBLE HAND
A boat licensed to harass enemy shipping in wartime is called a
If your budget allowed you extra money for this month, would you choose to consume, invest, or save that money? Why? Be specific!
Margaret would like to work in the Journalism and Broadcasting industry. Which set of qualifications would best assist Margaret in getting a job?
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a. creativity, problem solving, and physical strength
b. critical thinking, accuracy, and confidence
c. problem solving, memorization, and ability to accept criticism
d. critical thinking, commitment to practicing, and physical steadiness
Working in the Journalism and Broadcasting industry means that you would probably be a reporter or a newscaster, which means that you would need these abilities (C) problem solving, memorization, and ability to accept criticism.
Problem solving is required because sometimes unexpected situations arise and you have to be able to manage them properly. Memorization is necessary since you will have to memorize your list of questions, information, or the news that you have to present later on.
In a ________ structure each business unit has complete autonomy to reach its goals.
In a divisional ( decentralized) structure, each business unit operates autonomously, maintaining complete control over decisions and income. This is similar to a decentralized unitary system in governance, where regional entities have certain powers delegated to them.
Explanation:In a divisional/ decentralized structure, each business unit has complete autonomy to reach its goals. This structure contrasts with other organizational forms such as a unitary structure or a confederation. In the context of businesses, autonomy means that the owner of the company maintains complete control, making decisions without consulting others and controlling all income generated by the business.
The division of power within a country can also reflect these organizational forms. For example, the United Kingdom previously had a highly centralized unitary system but has since moved towards decentralization through devolution, creating regional governments and delegating specific powers to them. In both business and governance, the balance of autonomy versus central control reflects the chosen structure.
Identify two areas of nursing practice, which evidence-based practice has improved patient outcomes. state the study and its impact on patient care. how have these findings changed your nursing practice? please support your response with a minimum of two supporting peer reviewed articles.
Evidence-based practice has improved patient outcomes in the areas of medication administration and fall prevention. The implementation of barcode medication administration (BCMA) has significantly reduced medication errors and improved patient safety. Multifactorial interventions have been effective in reducing falls among older adults.
Explanation:Area 1: Medication Administration
Evidence-based practice has significantly improved patient outcomes in the area of medication administration. One study, published in the Journal of Nursing Care Quality, explored the impact of barcode medication administration (BCMA) on medication errors and patient safety. The study found that implementing BCMA reduced medication errors by 54% and significantly improved patient safety by ensuring accurate medication administration. As a result, many healthcare institutions have adopted BCMA systems to enhance patient safety.
Area 2: Fall Prevention
Evidence-based practice has also made a significant impact on fall prevention in healthcare settings. A study published in the Journal of the American Geriatrics Society examined the effectiveness of multifactorial interventions in reducing falls among older adults. The study found that implementing evidence-based fall prevention strategies, such as exercise programs, environmental modifications, and medication review, reduced fall rates by 20-30%. These findings have led to the implementation of comprehensive fall prevention programs in many healthcare facilities.
As a nurse, these findings have changed my practice by emphasizing the importance of evidence-based interventions in ensuring patient safety and improving outcomes. I now prioritize the use of BCMA systems during medication administration and actively engage in fall risk assessments and interventions to prevent falls among my patients.
Nikki and brad are married dentists who split the hours and responsibilities at a busy dental practice so they can juggle the demands of their growing family. nikki works on tuesday and thursday, and brad works on monday, wednesday, and friday. they split the pay and benefits of a single full-time dentist position. this best describes _______.
Fine oil uses an organizational structure that includes both functional divisions (such as marketing and hr) and a divisional chain of command (such as the chemical and petroleum products divisions). for example, glen, a salesperson for fine oil, reports to both the marketing manager and the petroleum products manager as he starts to develop the shell oil account. fine oil uses a matrix structure. true false
A firm has $820 in inventory, $3,200 in fixed assets, $1,210 in accounts receivable, $890 in accounts payable, and $360 in cash. what is the amount of the net working capital
The firm's net working capital is calculated by subtracting current liabilities from current assets, which in this case results in $1,500.
Explanation:To calculate the net working capital, we need to subtract the firm's current liabilities from its current assets. Current assets include inventory, accounts receivable, and cash, while current liabilities consist principally of accounts payable.
First, we sum up the current assets:
Therefore, total current assets = $820 + $1,210 + $360 = $2,390.
Now, we subtract the current liabilities:
Net working capital = Total current assets - Total current liabilities = $2,390 - $890 = $1,500.
The firm's net working capital is $1,500.
If last year a pineapple cost $2, and this year it costs $4, there has been a ________ percent rise in the price of the pineapple over a one-year period.
Why open-die forging is not a practical technique for large-scale production of identical produces?
George is a u.s. citizen who is employed by hawk enterprises, a global company. beginning on june 1, 2017, george began working in london (for a total of 214 days in 2017). he worked there until january 31, 2018, when he transferred to paris. he worked in paris the remainder of 2018. his salary for the first five months of 2017 was $100,000, and it was earned in the united states. his salary for the remainder of 2017 was $175,000, and it was earned in london. george's 2018 salary from hawk was $300,000, with part being earned in london and part being earned in paris.
Nintendo chose a ___________ approach to pricing for a new game console because they felt the market for this product was price sensitive, there are major economies of scale to be achieved, and both sony and microsoft would be introducing new game systems shortly
N periods of rising prices when lifo is used, companies avoid reporting a ________ because a portion of the gross profit must be reinvested to purchase more expensive inventory items.
a.paper profit
b.gross profit
c.net lossa
d.net income
If abc company earned $280,000 in net income and paid cash dividends of $40,000, what are abc's earnings per share if it has 80,000 shares outstanding?
A leader's credo should describe what the leader believes in and will or will not stand for.
True or false:this represents a recommended practice for the estimation of a project's cash flows
​austin is an account manager for the music production company, live nation, and has always been an avid musician and music enthusiast. austin is responsible for working with one of their major clients, state farm insurance, who is a major sponsor of various music festivals such as the coachella valley music and arts festival, bonnaroo, lollapalooza, and bumbershoot. in his free time, austin plays guitar in a band and enjoys performing at open mic nights or the occasional gig. his job and his hobbies mesh so well that he doesn’t even feel like work is “work”—it’s more recreation to austin since he enjoys the music industry so much. austin’s passion for music and his view of himself as a musician influences his purchasing choices of products and brands. austin’s ________ influences his purchasing decisions as he seeks to purchase items that reflect or enhance his persona.
Tim writes a note to his boss to apologize for an embarrassing typo in a recent publication. at the end of the message, he promises that he will not let such a mistake get by him in the future. this promise is an example of
Painting your home is an example of a _____.
a.
Two minute action task
b.
Time sensitive task
c.
One task in a project
d.
Multi-task job
Painting is an act of beautifying it comes after multitasking.
What is multitask Job?
A multi-tasking job involves an individual performing several tasks and doing each with good judgment.
Having done every other requirement in the house and thereafter painting it is multitasking.
It can be challenging coming up with more good ways to perform each task.
Therefore, Painting your home is an example of a Multi-task job.
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Painting your home is an example of a c. One task in a project.
When you paint your home, it is typically part of a larger project that involves multiple steps such as preparing the surface, choosing the right paint, applying the paint, and finishing touches. Each of these steps is interconnected and contributes to the overall goal of giving your home a fresh look. Therefore, painting your home is considered one task in a project rather than a standalone activity.
By treating painting your home as a task within a project, you can better plan and organize the process, ensuring that all necessary steps are completed efficiently and effectively. This approach helps you break down the larger project into manageable parts, making it easier to achieve your desired outcome.