What is tax revenue out of this tax

Assignment Help Accounting Basics
Reference no: EM133155092

Question - In the market for gas, researchers have estimated the following demand and supply curves.

Demand: P = 23 - Q/100

Supply: P = (2Q)/800

If the government imposes an excise tax of $0.70 per gallon. What is tax revenue out of this tax?

Reference no: EM133155092

Questions Cloud

Explain daria day jewelry retailer target market : Explain Daria Day Jewelry retailer Target Market: Define their customer according to segmenting groups: demographic, geographic, lifestyle, benefit, or buying s
How much revenue did you earn : You run a hotel with 200 rooms. Fixed daily cost is $1500 which includes staff salary and property charges, How much revenue did you earn
How much is the restaurant contributing to covering costs : A restaurant sells pizza at a rate of $10/slice. How much is the restaurant contributing to covering their fixed costs or generating profits
Current environmental issue : Find a website that you feel provides enough information for you to summarize both the environmental issue
What is tax revenue out of this tax : If the government imposes an excise tax of $0.70 per gallon. What is tax revenue out of this tax
Collaborative business strategies : Citing practical examples, give a bird's eye view of what the concept ''Collaborative Business Strategies'' is all about
Country overall counter terrorism approach : Explain how the country's overall counterterrorism approach has changed or evolved since the attack.
Geert hofstede research at ibm : Referring to the original four dimensions of culture according Geert Hofstede's research at IBM, explain what a high number means and what a low number means (H
What is the break-even quantity : Suppose Elwes Electronics sells a part for $5.50 each that is made with a variable cost of $4.50 and a fixed cost of $900. What is the break-even quantity

Reviews

Write a Review

Accounting Basics Questions & Answers

  Glavin company issued 6000 shares of its 5 par value common

glavin company issued 6000 shares of its 5 par value common stock having a fair value of 25 per share and 9000 of its

  Preparation of segmented income statement

Prepare a new segmented income statement for the company using the above format. Show both amounts and percentages.

  How much interest expense reported on income statement

The principal and interest will be paid on June 30, 2015. How much interest expense should be reported on the income statement for the year ended December

  what was the selling price of D

If A was allocated $187 500 of the joint production costs under the net realisable value method, what was the selling price of D

  Compute the cost of the ending inventory

Lisa Company had 298 units in beginning inventory at a total cost of $30,694. Compute the cost of the ending inventory and the cost of goods sold

  Find the gain recognized and reported in the profit

Find the gain (loss) recognized and reported in the Profit and Loss section for 2019 is? On January 1, 2019, Zamboanga Company purchased 9% bond

  Calculate the balances in the equity accounts

Common shares, no-par value; authorized, unlimited shares; issued, 5,800,000 shares, outstanding, 5,500,000 shares. Calculate the balances in equity accounts

  Determine the standard deviation of the total mean

They complain that there is no process in place to monitor the amount of fluid ounces that goes into each one of their Happy Camper Grape Drink. Customers are complaining that some bottles are less than full.

  Often research and development costs provide companies

However, generally accepted accounting principles require that such costs be recorded as an expense when incurred. Why?

  The management of keeter corporation would like to

the management of keeter corporation would like to investigate the possibility of basing its predetermined overhead

  Determine all income statement line item amounts

Determine all income statement line item amounts necessary to prepare Student Inc. income statement starting from "income from continuing operations before tax and extraordinary items" through "net income".

  Make the journal entry to record Whirled weekly payroll

Whirled Inc.'s weekly payroll of $23,000 included employee income taxes withheld of $3,426, Make the journal entry to record Whirled weekly payroll

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd