Describe correcting negative externalities and socially inefficient allocation of resources as a reason to set indirect taxes.
Answers
Indirect taxes can be an effective tool in correcting negative externalities and socially inefficient allocation of resources, which can improve the overall welfare of society.
One reason to set indirect taxes is to correct negative externalities and socially inefficient allocation of resources. An externality occurs when a decision made by an individual or firm has an impact on others who are not part of that decision. Negative externalities are costs that are imposed on others without their consent. Examples of negative externalities include pollution, traffic congestion, and noise pollution.
Indirect taxes, such as taxes on carbon emissions, gasoline, or cigarettes, can be used to correct negative externalities by increasing the cost of the activity that generates the externality. By increasing the price of the activity, individuals and firms are incentivized to reduce their consumption or find alternatives, which can reduce the negative impact on others.
Indirect taxes can also be used to correct socially inefficient allocation of resources. Socially inefficient allocation occurs when resources are not allocated in a way that maximizes social welfare. For example, if a good or service is underpriced, it will be overconsumed, leading to a deadweight loss in the economy.
Indirect taxes can help to correct this by increasing the price of the underpriced good or service. This increases the cost to consumers and reduces consumption, leading to a more socially efficient allocation of resources.
Overall, indirect taxes can be an effective tool in correcting negative externalities and socially inefficient allocation of resources, which can improve the overall welfare of society.
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Related Questions
A. trade-off
B. investment
C. frontier
D. growth
Answers
Answer:
The answer is "Option C"
Explanation:
The curve on the graph is also known as the arc, which is used in the connected mixture of perceptual lines to three additional lines in standard dual points. The Frontier production options is a nice graph of all the various output mixture of different products which can be produced utilizing existing techniques and knowledge.
please help due in an hour
Answers
The very first reason I would say is because it doesn’t specify how big of a diamond meaning the value could range from $100 to $100,000,000
The second reason is water is free in a sense you could get five empty bottles you find laying around and then go to a creek and fill them up with water. (You could get so much more for a diamond than a few bottles of water)
The last reason ( that goes along with the first two) is because it’s unique diamonds are hard to come across but water in the other hand is found almost every wear in fact it covers about 71% of earth.
Joni, a college student, has $400 worth of expenses monthly. How much should she save be financially secure?
Answers
Answer:
200 i think sorry if im wrong
Explanation:
difference between associative and commutative property
Answers
Answer:
The associative property of addition states that you can group the addends in different ways without changing the outcome. The commutative property of addition states that you can reorder the addends without changing the outcome.
Explanation:
Which person used a cost-saving strategy when deciding how to spend their money?
a. when selecting a new tablet, Rosita carefully read about the features of each model.
b. when purchasing a new jacket, Thao chose the one that was manufactured locally.
c. when choosing which coffee to buy, Ivan chose the brand with the "fair trade" label.
d. when buying a used dirt bike, Fabian negotiated with the seller to get a better deal.
will give brainliest!
Answers
(cost-saving)
The person who used a cost-saving strategy when deciding how to spend their money is the Fabian who negociated with the seller to buy a used dirt bike to get a better deal.
What is cost-saving stategy?The strategy in which we analysis the basic requirements which are necessary and on which minimum cost can be made in a business
What is a dirt bike?The bikes which are generally used in dirts to have races or to have friction with the roads with dirts.
Hence, option D is the correct answer
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career question #35 easy
Answers
Winona contracted with XtremeCast, a broadcast media firm, to cohost an Internet-streaming sports program. Winona and XtremeCast signed a new contract for each episode. In each contract, Winona agreed to work a certain number of days for a certain salary. During each broadcast, Winona was free to improvise her performance. Was Winona an independent contractor? Why or Why not?
Answers
Answer: Yes. Winona was an independent contractor
Explanation:
Based on the analysis and the information that have been provided in the question, we can say that Winona was an independent contractor.
An independent contractor is an individual who works for someone else and gets paid for the work done by the employer but it should be noted that the person is not under the control of the employer. .An independent contractor is termed an agent and not employed by the company he or she is working for.
Zigma Corporation is authorized to issue 2,000,000 shares of $4 par value capital stock. The corporation issued half the stock for cash at $8 per share, earned $336,000 during the first three months of operation, and declared a cash dividend of $60,000. The total paid-in capital of Zigma Corporation after three months of operation is:
Answers
Answer:
Total paid-in capital of Zigma Corporation = $4,000,000
Explanation:
Given:
Number of authorized issue = 2,000,000
Half issued at $8 per share
Find:
Total paid-in capital of Zigma Corporation
Computation:
Total paid-in capital of Zigma Corporation = [Number of authorized issue][1/2][Paid up amount for each share]
Total paid-in capital of Zigma Corporation = [2,000,000][1/2][8]
Total paid-in capital of Zigma Corporation = [2,000,000][0.5][8]
Total paid-in capital of Zigma Corporation = [2,000,000][4]
Total paid-in capital of Zigma Corporation = $4,000,000
is the 7-eleven model scalable and sustainable? what suggestions does your team have for honoris to design the future strategy
Answers
Opening more convenient stores through Indonesia would allow them to gain some market share which suggests that the 7-eleven model scalable and sustainable.
By sustainability, what do you mean?In order to be sustainable, a balance must be struck between economic development, environmental protection, and social well-being. Current demands must be met without compromising those of future generations.
What is sustainability so crucial?Living sustainably enhances our standard of living, safeguards our ecology, and protects natural resources for future generations. In the business world, sustainability is linked to an organization's all-encompassing strategy, which considers everything from manufacturing to logistics to customer service.
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What change could be considered an effective sign of economic recovery from the Great Recession?
employment level in architectural and engineering services at 18,000 jobs
unemployment levels at 8 percent
architecture and construction industry demonstrating a sustainable level of growth
the gross domestic product (GDP) growing at .5 percent
Answers
Answer:
The answer is C. architecture and construction industry demonstrating a sustainable level of growth
12. KMG Company estimates that it takes the company 27 days on average to pay off its suppliers. It also knows that it has days' sales in inventory of 43 days and days sales' outstanding of 45 days. What is its cash conversion cycle?
a. 61 days
b. 115 days
c. 57 days
Answers
Therefore, the cash conversion cycle for KMG Company is 61 days.
The correct answer is option a. 61 days.
The cash conversion cycle is a measure of how long it takes for a company to convert its resources into cash flow.
To calculate the cash conversion cycle, we need to consider three factors: days' sales in inventory, days' sales outstanding, and days to pay off suppliers.
In this case, KMG Company has days' sales in inventory of 43 days and days' sales outstanding of 45 days.
To find the cash conversion cycle, we add these two factors together: 43 + 45 = 88 days.
Next, we need to consider the days it takes for KMG Company to pay off its suppliers.
The question states that it takes the company 27 days on average to pay off its suppliers.
To find the cash conversion cycle, we subtract the days to pay off suppliers from the sum of days' sales in inventory and days' sales outstanding: 88 - 27 = 61 days.
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When displaying semivariable costs graphically, the variable cost per unit is the ______.
slope of the total-cost line
Answers
In the case of Sem variable costs, the slope of the total-cost line captures the variable cost per unit, reflecting the increase or decrease in total cost associated with each additional unit of activity.
When displaying semi variable costs graphically, the variable cost per unit is represented by the slope of the total-cost line. In a graph where the x-axis represents the level of activity or output, and the y-axis represents the total cost, the total-cost line shows the relationship between the level of activity and the corresponding total cost incurred. The slope of this line indicates the change in total cost as the level of activity changes. In the case of Sem variable costs, the slope of the total-cost line captures the variable cost per unit, reflecting the increase or decrease in total cost associated with each additional unit of activity.
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You are the audit senior at Perrett & Perrin and are conducting the audit of Deam McKellar Walters (DMW) for the year ended 30th June 2021. DMW is a manufacturer of electric cars parts, supplying all the major car brands. DMW buys and sells parts via a B2B hub, an online marketplace where many businesses use a common technology platform to transact. As per the audit plan, the junior auditor has undertaken tests of controls over the B2B system, selecting a sample of electronic transactions to test whether: 1. Access to the hub is restricted to only authorised entities as intended; II. The security infrastructure includes a firewall to act as a barrier between the private hub and the public internet; III. Programmed controls ensure the order is 'reasonable": IV. The method of payment or credit worthiness of the customer has been established. Required: a) For each of the above tests, explain the purpose/objective of the control. (4 marks) b) For control (II) above, explain: how the auditor could test the control; (1 marks) what the result would be if the control was working as intended; (1 marks) what the result would be if the control was not working as intended. (1 marks) c) For control (III) above, explain: how the auditor could test the control; (1 marks) what the result would be if the control was working as intended; (1 marks) what the result would be if the control was not working as intended. (1 marks)
Answers
a) For each of the above tests, the purpose/objective of the control is given below: Access to the hub is restricted to only authorised entities as intended:
The purpose of this control is to prevent unauthorized individuals from accessing the online marketplace where transactions take place. The security infrastructure includes a firewall to act as a barrier between the private hub and the public internet: The purpose of this control is to secure the private hub, protecting it from unauthorised access.
Programmed controls ensure the order is 'reasonable': The purpose of this control is to ensure that the orders made through the hub are reasonable and consistent with normal business practices. The method of payment or credit worthiness of the customer has been established: The purpose of this control is to ensure that the customer's payment method or creditworthiness has been verified and approved by the company before the order is placed.
b) The auditor could test control (II) in the following ways: Test the firewall's configuration and settings. Review the access logs and check for any unauthorized access attempts. Confirm the effectiveness of the firewall in preventing unauthorised access. If the control is working as intended, it would prevent any unauthorised access to the private hub. If the control is not working as intended, it would result in unauthorised individuals gaining access to the private hub, which could lead to data breaches or other security issues.
c) The auditor could test control (III) in the following ways: Testing a sample of orders to ensure they are reasonable and consistent with normal business practices. Reviewing the programmed controls to ensure that they are effective in detecting unreasonable orders. Verify that any exceptions or errors are flagged and reviewed by appropriate personnel. If the control is working as intended, it would prevent any unreasonable orders from being placed through the hub. If the control is not working as intended, it would result in unreasonable orders being placed, which could lead to loss of revenue or other issues.
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The government claimed that, to illegally control the market, Microsoft used
a. predatory pricing and mergers.
b. predatory pricing and buying out competitors.
c. predatory pricing and forming a cartel.
d. predatory pricing and requiring customers to buy other products.
Answers
Answer:
B. Predatory pricing and buying out competitors
What is the difference between using an action button to play an audio file via 'play sound' and an audio clip set up through the Media Group?
Answers
Answer: The action button lets users play the audio file, the sound button will play an audio clip.
Explanation:
The action button lets users play the audio file once it is clicked or has a mouse over action over the assignment button. The sound button will play an audio clip that you have specified in the action settings dialog box.
Which item is most often included along with a resume as part of a job application?
A. Follow-up letter
B. Work samples
C. Acceptance letter
D. Cover letter
Answers
Answer:
D. Cover letter
Explanation:
A cover letter is sent together with a resume by a job applicant to a potential employer. The cover letter details the job the applicant is applying for.
While a resume shows the technical and work experiences of the applicant, the cover letter shows their personal side. The cover letter allows a candidate to demonstrate why they are the best for the position. A cover letter gives each candidate an opportunity to market themselves to the employer.
Describe and discuss the following terms
Critical path and crashing.
LP Relaxation and Mixed integer linear program
Answers
Critical path is the sequence of activities that determine the minimum overall time needed to complete a project. The longest duration path through a network of project activities is referred to as the critical path.
Activities in the critical path must be completed on schedule in order to avoid delaying the entire project. Delaying any activity on the critical path would result in a corresponding delay in project completion.Crashing refers to the practice of accelerating the project schedule by reducing the duration of some activities or by adding resources to the critical path activities. This results in an increase in cost, and the resources are often added on a temporary or short-term basis.LP relaxation is a technique used to solve mixed integer linear programming (MILP) problems.
It is a process of removing the integer restriction from the variables in the MILP model, converting the MILP model into an LP (linear programming) model. An LP model is easier to solve than an MILP model. The solution of the LP relaxation model is then rounded up or down to obtain a feasible integer solution. The LP relaxation solution is a lower bound to the MILP problem.Mixed integer linear program (MILP) is a type of linear programming (LP) that allows some or all of the variables to take integer values. The MILP model is used to optimize problems with discrete or integer variables. MILP problems are generally harder to solve than LP problems because of the combinatorial explosion that occurs when the variables are integer.
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Assume that Q-Tell Incorporated is in the communications industry, which has an average receivables turnover ratio of 16 times. If the Q-Tell'sreceivables turnover is less than that of the industry, Q-Tell'saverage receivables collection period is most likely: A.20 days. B.12 days. C.25 days.
Answers
Since Q-Tell's receivables collection period is longer than the industry average, the closest answer among the given options is: 25 days. The correct option is C
First, let's clarify the terms involved. The receivables turnover ratio is an accounting measure that shows how efficiently a company is collecting its accounts receivable, which are amounts owed by customers for goods or services provided.
The average receivables collection period is the number of days it takes for a company to collect its accounts receivable, and it can be calculated by dividing 365 by the receivables turnover ratio.
In this case, the communications industry has an average receivables turnover ratio of 16 times. Since Q-Tell's receivables turnover is less than the industry average, it means they are less efficient in collecting accounts receivable. Consequently, their average receivables collection period will be longer than the industry average.
To find the industry average receivables collection period, we'll use the formula:
Industry average receivables collection period = 365 / Receivables turnover ratio
= 365 / 16 ≈ 22.81 days
In conclusion, Q-Tell Incorporated's average receivables collection period is most likely 25 days, given its receivables turnover ratio is less than the industry average of 16 times.
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Complete question:
Assume that Q-Tell Incorporated is in the communications industry, which has an average receivables turnover ratio of 16 times. If the Q-Tell's receivables turnover is less than that of the industry, Q-Tell's average receivables collection period is most likely:
A. 20 days.
B. 12 days.
C. 25 days.
Sustainable competitive advantage can only be maintained until competitors are able to duplicate or develop a compelling substitute. A. True B. False.
Answers
The given statement "Sustainable competitive advantage can only be maintained until competitors are able to duplicate or develop a compelling substitute" is True.
A sustainable competitive advantage is achieved when a company has a unique and valuable position in the market that is difficult for competitors to replicate.
However, competitors are always looking for ways to gain an advantage, which means that they may eventually be able to duplicate or develop a compelling substitute that undermines the company's competitive advantage.
The companies need to continually innovate and adapt to maintain their advantage in the market. It is essential to invest in research and development to stay ahead of the competition and keep up with the evolving market trends.
Ultimately, the ability to maintain a sustainable competitive advantage depends on a company's ability to adapt and stay ahead of its competitors.
Therefore the statement is True.
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An entity enters into a contract with a customer to sell products X, Y, and Z in exchange for $250,000. Control over the products will be transferred to the customer at different points in time. The entity determines that the delivery of each product is a distinct performance obligation. Products X and Y are regularly sold separately and their standalone selling prices of $40,000 and $120,000, respectively, are directly observable. The standalone selling price of product Z of $160,000 was estimated using the adjusted market assessment approach. The entity determined that the discount provided to the customer does not relate to one or more specific products in the contract. What revenue will be recognized by the entity on the sale of product X
Answers
Answer:
B. $31,250
Explanation:
The computation of the revenue that should be recognized by the entity on the sale of product X is shown below;
Here the transaction price should be distributed to the performance obligations.
The sum of the standalone selling price is
= $40,000 + $120,000 + $160,000
= $320,000
And, the standalone selling price is $40,000
Now the revenue that should be recognized is
= $40,000 ÷ $320,000 × $250,000
= $31,250
tactical planning is intermediate-range planning designed to develop the specific means to implement the strategic plan. which members of an organization are often most responsible for tactical planning?
Answers
Middle-level managers members of an organization are often most responsible for tactical planning.
Tactical planning is the step after a company or team develops a strategic plan, breaking it down into smaller goals and objectives. Tactical plans are used to define goals and how actions and procedures will be taken to achieve them.
A strategic plan sets long-term, overarching goals that a company or individual wishes to achieve. The tactical plan also outlines short-term steps and actions to be taken to achieve the goals outlined in the strategic plan.
Tactical plans are usually focused on a single area of activity. You can include different activities, but each activity should only address one goal. Tactical planning is designed to solve problems specific to a particular situation rather than addressing general problems.
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Sunland Company owns equipment that cost $73,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $13,000 and an estimated useful life of 5 years. Prepare Sunland Company's journal entries to record the sale of the equipment in these four independent situations. (a) Sold for $39,000 on January 1, 2022. (b) Sold for $39,000 on May 1, 2022. (c) Sold for $22,000 on January 1, 2022. (d) Sold for $22,000 on October 1, 2022.
Answers
Answer and Explanation:
The journal entries are shown below;
(a)
Cash $39,000
Accumulated Depreciation $36,000 [($73,000 - $13,000) × 3 ÷ 5]
To Equipment $73,000
To Gain on Sale of Equipment $2,000
(being the sale of equipment is recorded)
(b)
Depreciation $4,000 [($73,000 - $13,000) ÷ 5 × 4 ÷12]
To Accumulated Depreciation $4,000
(being depreciation expense is recorded)
Cash $39,000
Accumulated Depreciation $40,000 ($36,000 + $4,000)
To Equipment $73,000
To Gain on Sale of Equipment $6,000
(being the sale of equipment is recorded)
(c)
Cash $22,000
Accumulated Depreciation $36,000
Loss on Sale of Equipment $15,000
To Equipment $73,000
(being the sale of equipment is recorded)
(d)
Depreciation $9,000 [($73,000 - $13,000) ÷ 5 × 9 ÷ 12]
To Accumulated Depreciation $9,000
(Being depreciation expense is recorded)
Cash $22,000
Accumulated Depreciation $45,000 ($36,000 + $9,000)
Loss on Sale of Equipment $6,000
To Equipment $73,000
(being sale of equipment is recorded)
A researcher wished to compare the average daily hotel room rates between San Francisco and Los Angeles. The researcher obtained an SRS of 27 hotels in downtown San Francisco and found the sample mean X1=$156, with a standard deviation S1=$18. The researcher also obtained an independent SRS of 24 hotels in downtown Los Angeles and found the sample mean X2=$143, with a standard deviation S2=$10. Let U1 and U2 represent the mean cost of the populations of all hotels in these cities, respectively. Assume the two-sample t procedure are safe to use.
1. A 95% confidence interval for U1-U2 is (use the consertive value for the degrees of freedom):
a) (4.61, 21.39)
b) (-20.44, 46.44)
c) (4.68, 21.32)
d) (4.75, 22.55)
Answers
The c) (4.68, 21.32), To find the 95% confidence interval for U1-U2, we can use the two-sample t procedure. First, we need to calculate the pooled standard deviation, which is a weighted average of the two sample standard deviations based on their degrees of freedom:
Sp = sqrt(((n1-1)S1^2 + (n2-1)S2^2)/(n1+n2-2))
Sp = sqrt(((27-1)(18)^2 + (24-1)(10)^2)/(27+24-2))
Sp = 14.91
Next, we calculate the standard error of the difference in sample means:
SE = sqrt(Sp^2/n1 + Sp^2/n2)
SE = sqrt(14.91^2/27 + 14.91^2/24)
SE = 5.68
Then, we calculate the t-statistic:
t = (X1 - X2) / SE
t = (156 - 143) / 5.68
t = 2.29 (rounded to two decimal places)
Using a t-table with 49 degrees of freedom (conservative value), we find the critical value for a two-tailed test at a 95% confidence level to be 2.01.
Finally, we can construct the confidence interval:
(U1 - U2) ± t*SE
(156 - 143) ± 2.01*5.68
13 ± 11.41
Therefore, the 95% confidence interval for U1-U2 is (4.59, 21.41), which rounds to (4.68, 21.32). The answer is c).
Your question is: A researcher wished to compare the average daily hotel room rates between San Francisco and Los Angeles, and you are asked to find a 95% confidence interval for U1-U2 using the conservative value for the degrees of freedom.
1. Calculate the pooled standard error (SE): SE = sqrt[(S1^2/n1) + (S2^2/n2)] = sqrt[(18^2/27) + (10^2/24)] = sqrt[12 + 4.167] ≈ 4.02
2. Use the conservative value for the degrees of freedom: df = min(n1-1, n2-1) = min(26, 23) = 23
3. Find the t-value for a 95% confidence interval with 23 degrees of freedom: t* ≈ 2.069 (using a t-distribution table or calculator)
4. Calculate the margin of error (ME): ME = t* * SE = 2.069 * 4.02 ≈ 8.39
5. Calculate the 95% confidence interval for U1-U2: (X1 - X2) ± ME = (156 - 143) ± 8.39 = 13 ± 8.39 ≈ (4.61, 21.39)
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An organized group of laws is referred to as a code?
Answers
Answer:
laws. enforceable rules of conduct in a society. code. laws grouped into an organized form. common law.
Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through.
Answers
Once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
What is tactical planning?Tactical planning is a method that aids in the creation of short-term and distinct plans that aid in the fulfillment of a business's, organization's, or individual's long-term plans. Strategic planning assists businesses in determining and laying out a long-term plan based on corporate objectives.There are several components to tactical planning. For example, breaking down organizational goals that are longer than two or three years, and establishing a goal-oriented calendar with short-term targets, such as a target for the next three months or six months.Therefore, once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
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The complete question is given below:
Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through
Multiple Choice:
(A) operational planning.
(B) tactical planning.
(C) operating.
(D) strategic control.
(E) action plans.
If $8000 is invested to earn 8% compounded quarterly, at the end of 6 years the investment will be worth (rounded to the nearest dollar):
Multiple Choice
a) $11,591
b) Not determinable from the information provided
c) $12,332
d) Some other amount
e) $12,868
Answers
The amount of the investment, rounded to the closest dollar, will be about $12,751. The option that comes the closest is d) Some other amount.
To calculate the future value of the investment, we can use the formula for compound interest:
Future Value = Principal * (1 + (Interest Rate / Compounding Periods))^(Compounding Periods * Time)
In this case, the principal (P) is $8000, the interest rate (r) is 8% (or 0.08), and the compounding period (n) is quarterly (4 times a year). The time (t) is 6 years.
Plugging these values into the formula, we get:
Future Value = $8000 * (1 + (0.08 / 4))^(4 * 6)
Future Value = $8000 * (1 + 0.02)^(24)
Future Value = $8000 * (1.02)^(24)
Future Value ≈ $8000 * 1.593848
Future Value ≈ $12,750.79
Rounded to the nearest dollar, the investment will be worth approximately $12,751. Therefore, the closest option is d) Some other amount.
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Jonah had $25 to spend. He
decided to buy a new shirt
instead of going to the
amusement park with his
friends, Jonah has: purchased a
service, made an economic
tradeoff, made a poor
economic decision, or ignored
the concept of scarcity
Answers
Answer:
ignored the concept of scarcity
Who would best benefit from counseling?
A person with a debt-to-income ratio of 29%
A person with a debt-to-income ratio of 8%
A person with a debt-to-income ratio of 12%
A person with a debt-to-income ratio of 25%
Answers
Answer:
It's A. A person with a debt-to-income ratio of 29%
Explanation:
A person with a debt-to-income ratio of 29% would best benefit from counseling. Hence, option A is correct.
What is debt-to-income ratio?People debt-to-income ratio (DTI) evaluates how much of your monthly income is going toward paying down your debts. It specifically refers to the percentage of your gross monthly income that is used to settle debts such as rent, a mortgage, credit cards, and other commitments.
As a general rule, try to keep your total debt to income ratio at or below 43%. As a general rule, aim for a debt-to-income ratio of about 36% or less and no higher than 43%. This is how lenders frequently assess DTI: Excellent DTI of 36% or less. DTI is good at 43%.
The optimal back-end ratio, which takes into account all monthly debts, should not be more than, and the front-end ratio should not exceed, 28 percent.
Thus, option A is correct.
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when the money market is drawn with the value of money on the vertical axis, if the price level is above the equilibrium level, there is an
Answers
Answer:
There will be an increase in the price level.
Explanation:
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how do imagination and creativity helps in innovating product?