Suppose a public referendum is being held on whether or not to levy a tax on cigarettes. Currently, the supply of cigarettes is given by Qs = -100 + 20P. You estimate the demand for cigarettes to be Qd = 200 - 5P.You are asked to evaluate the likely effects of a tax on cigarettes equal to $1 per pack of cigarettes. Specifically, you are to file a report which predicts by how much this will reduce the amount of cigarettes sold. You are also asked to estimate the proportion of the tax that will be paid by the cigarette companies (sellers), and the proportion of the tax that will be paid by the smokers (consumers) of cigarettes.To do this, you will first need to calculate the current price and quantity of cigarettes sold.a) (6 points) What is the equilibrium price and quantity of cigarettes? Next you know from your economics class that you will need to know the price elasticity of demand and the price elasticity of supply of cigarettes. (Note: for parts b-e, please leave your answers in the form of a fraction.)b) (6 points) What is the price elasticity of demand for cigarettes at the equilibrium price?c) (6 points) What is the price elasticity of supply of cigarettes at the equilibrium price?Using your answers to b) and c), you are now able to determine what proportion of the tax will be paid by buyers, and what proportion of the tax will be paid by sellers.d) (6 points) What proportion of the tax will be paid by sellers?e) (6 points) What price will buyers pay after the tax is imposed?f) (6 points) What quantity of cigarettes will be sold after the tax??Finally, a new proposal suggests that the tax should be levied on the cigarette companies instead of the smokers.g) (6 points) From what you have learned in this class, how should you respond to this proposal?

E. Quantity of cigarettes sold is 136.

F. New proposal doesn't make a change whether tax is levied on consumers or producers. The end result remains the same.

The incidence of tax depends on the elasticity of demand and elasticity of supply and not on the party on which the tax is levied.

WHAT IS CIGARETTE TAX?

A tobacco tax, often known as a cigarette tax, is a charge imposed on all tobacco products by different levels of government, frequently with the stated intention of lowering tobacco usage or at the very least raising money for related healthcare services. Both "tobacco tax" and "cigarette tax" are commonly used.

Reason

Qs=-100+20P

Qd=200-5P

At equilibrium, Qd=Qs

-100+20P=200-5P

P*= 300/25= $12

Q*= 200-5*12= 140

Tax= $1

Qs'= -100+20(P-1) = -100+20P-20= -120+20P

New equilibrium

-120+20P= 200-5P

P*= 320/25=$12.8

Q*=200-5*12.8=136

To know more about cigarette tax visit:

https://brainly.com/question/25557136

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How useful is knowing the business impact of your project compared to that of your teammates’ other work?

In this diagram, use your knowledge of Maslow’s hierarchy of needs theory to identify the five general types of motivating needs, in ascending order.

WORD BANK
- Physiological Needs
- Belongingness Needs
- Safety Needs

For each of the following financial ratios that are based on comprehensive annual financial report (CAFR) information by selecting the appropriate letter of the explanation for that ratio. Answers can only be used once.
A. An indicator of interperiod equity.
B. An indicator of the government’s commitment to replacement of capital assets.
C. An indicator of the government’s reliance on revenues it does not directly control.
D. A measure of the degree to which government assets have been funded with debt.
E. An indicator of the government’s ability to pay its 60- to 90-day obligations.
F. A measure of the government’s capacity to issue debt.
G. A measure of capital asset useful service life.
H. A measure of the government’s liquidity.
I. An indicator of taxpayer debt burden.
J. An indicator of the government’s ability to withstand financial emergencies.
Ratio
1. General fund balances/General Fund operating revenues
2. (Cash + short-term investments)/Current liabilities
3. General obligation long-term debt/Assessed valuation
4. Capital outlay from operating funds/Operating expenditures
5. General bonded debt Legal debt limit
6. Accumulated depreciation/Average cost of depreciable assets
7. Net revenues/Total expenses
8. Charges for services/Total revenues
9. Total liabilities/Total assets
10. Current assets/Current liabilities

"Justin Company currently produces and sells 4,000 units of a product that has a contribution margin of $6 per unit. The company sells the product for a sales price of $20 per unit. Fixed costs are $18,000. The company is considering investing in new technology that would decrease the variable cost per unit to $6 per unit and double total fixed costs. The company expects the new technology to increase production and sales to 9,000 units of product. What sales price would have to be charged to earn a $90,000 target profit assuming the investment in technology is made?"

A machine can be purchased for $60,000 and used for five years, yielding the following net incomes. In projecting net incomes,
straight-line depreciation is applied using a five-year life and a zero salvage value.
Year 1
$3,900
Year 2
$9,900
Year 3
$32,000
Year 4
$14,700
Net income
Year 5
$39,600
Compute the machine's payback period (ignore taxes). (Round your intermediate calculations to 3 decimal places and round
payback period answer to 3 decimal places.)

One reason why firms might want to pursue a strategic alliance strategy is to exploit
economies of scale. Exploiting economies of scale should reduce firm’s costs. Does this
mean that a firm pursuing an alliance strategy to exploit economies of scale is actually
pursuing a cost leadership strategy? Why or why not? Support your answer

Save our homes amendment, annual homestead assessment increases are limited to what maximum percentage

You have been asked to evaluate two alternatives, X and Y, that may increase plant capacity for manufacturing high-pressure hydraulic hoses. The parameters associated with each alternative have been estimated. Which one should be selected on the basis of a present worth comparison at an interest rate of 14% per year

Which one is NOT a competing value:
O Justice vs Mercy
O Truth vs Loyalty
O Person vs Society
O Short Term vs Long Term

HELP NEED TO BE DONE FAST

There are two questions with four parts each, in the Application Exercise.

Can you guys help me with this Application exercise in Principles Of Marketing? I'm literally confused...

The implementation plan should come before the action plan.


False

True

Your email marketing service shuts you down if your spam reports exceed 3%. You are doing a mailing to 900 people. What is the maximum number of spam reports you can get without being shut down?

Dents and Dings Auto Body buys paint with a list price of $33,000. If the supplier extends trade discounts of 30/35/20, what is the trade discount amount?
• $1,617
• $12,012
• $20,988
• $31,383

DESCRIBE THE FUNCTIONS OF
PRELIMINARY DATA GATHERING?

By comparing subsidiary accounts to schedules of accounts payable, an
accountant can
O A. prove the accounts payable accounts at the end of a period
O B. determine a company's liabilities after assets and equity
O C. indicate which vendors are the most demanding regarding
payment terms
D. identify where the company can save money on vendor goods

Which of the following best describes how a condominium is owned?
O A. A group of partners own the building and rent each apartment to
the residents.
O B. The residents of a condominium are shareholders in a corporation
that owns the building.
C. A condominium is an apartment that is owned by the resident
rather than a landlord.
O D. Condominiums are apartments owned by a landlord who charges
rent to the residents.

1. Use the supply schedule below to graph the supply curve of vintage concert t-shirts. Label the curve S1.
2. Use the supply schedule of vintage concert t-shirts below to graph a second supply curve on the graph. Label the curve S2.
3. Does the graph indicate an increase or decrease in supply?
4. Describe a reason that could have been a reason for this shift in supply.
5. Why does the Qs of a product go down when price goes down?

If the reserve ratio is 5 percent, banks do not hold excess reserves, and people do not hold currency, then when the Fed purchases $20 million worth of government bonds, bank reserves
increase by $20 million and the money supply eventually increases by $400 million.
increase by $20 million and the money supply eventually increases by $100 million.
decrease by $20 million and the money supply eventually decreases by $400 million.
decrease by $20 million and the money supply eventually decreases by $100 million

Item 17 A certain cell phone plan charges a fee of $1 for each international call made plus $0. 02 for each second of talk time for the international call. A business owner tracked the time and cost for each of the calls made by the employees when they traveled internationally for business. What is the appropriate value of the correlation between time and cost for the international calls?

20: What are some ways you can stay financially literate?

1. Which large desert is located near Egypt?
The large desert is​

Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 60% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertain to May: Units Work in process, May 1 15,000 Units started during May 60,000 Units completed and transferred out 68,000 Work in process, May 31 7,000 Total Direct Materials Conversion Costs Costs: Work in process, May 1 $41,250 $16,500 $24,750 Costs incurred during May 234,630 72,000 162,630 Totals $275,880 $88,500 $187,380 Using the weighted-average method of process costing, the total costs remaining in work in process on May 31 are:

According to the law of supply, an increased price for a good should lead to: OA. a decreased demand for that good. OB. a decreased supply of that good. C. an increased demand for that good. OD. an increased supply of that good. SUBMIT​

Toryn, Inc., a major player in semiconductors, makes small investments of 5-10 percent of a firm's equity in many emerging technology companies. Toryn buys the company outright once that company's technological uncertainty resolves. The option that Toryn, Inc. uses is called a ________ option.

Which of Congress's powers is implied through the necessary and proper
clause?
OA. The power to restrict child labor
O B. The power to negotiate treaties
O C. The power to print money
OD. The power to declare war

Creating a Multimedia Presentation
to Demonstrate Knowledge of
Architecture and Construction
Careers
Assignment Summary
For this assignment, you will create a multimedia presentation describing tasks and
work environments for specific Architecture and Construction careers.
Useful references for gathering this information are listed at the end of this
document. Your presentation should include a title slide, thirteen slides representing
tasks and work environments for specific Architecture and Construction careers, and
a works-cited slide.
Assignment Instructions
- Provide information for Construction Carpenters.
a) Create a slide titled Common Tasks for Construction Carpenters.
b) Create a bulleted list describing four tasks for Construction Carpenters that are
listed as common tasks on the O*NET website.
c) Create a slide titled Common Work Activities for Construction Carpenters.
d) Create a bulleted list describing four work activities for Construction Carpenters
that are listed as common work activities on the O*NET website.
e) Create a slide titled Common Work Contexts for Construction Carpenters.
f) Create a bulleted list describing work contexts for Construction Carpenters that
are listed as common work contexts on the O*NET website.
- Provide information for Architects.
a) Create a slide titled Common Tasks for Architects.
b) Create a bulleted list describing four tasks for Architects that are listed as common
tasks on the O*NET website.
c) Create a slide titled Common Work Activities for Architects.
d) Create a bulleted list describing four work activities for Architects that are listed as
common work activities on the O*NET website.
e) Create a slide titled Common Work Contexts for Architects.
f) Create a bulleted list describing work contexts for Architects that are listed as
common work contexts on the O*NET website.
-Provide information for Construction Managers.
a) Create a slide titled Common Tasks for Construction Managers.
b) Create a bulleted list describing four tasks for Construction Managers that are
listed as common tasks on the O*NET website.
c) Create a slide titled Common Work Activities for Construction Managers.
d) Create a bulleted list describing four work activities for Construction Managers that
are listed as common work activities on the O*NET website.
e) Create a slide titled Common Work Contexts for Construction Managers.
f) Create a bulleted list describing work contexts for Construction Managers that are
listed as common work contexts on the O*NET website.
- Provide information for Stationary Engineers and Boiler Operators.
a) Create a slide titled Common Tasks for Stationary Engineers and Boiler
Operators.
b) Create a bulleted list describing four tasks for Stationary Engineers and Boiler
Operators that are listed as common tasks on the O*NET website.
c) Create a slide titled Common Work Activities for Stationary Engineers and
Boiler Operators.
d) Create a bulleted list describing four work activities for Stationary Engineers and
Boiler Operators that are listed as common work activities on the O*NET website.
e) Create a slide titled Common Work Contexts for Stationary Engineers and
Boiler Operators.
f) Create a bulleted list describing work contexts for Stationary Engineers and Boiler
Operators that are listed as common work contexts on the O*NET website.
- Provide information comparing Architecture and Construction careers.
a) Create a slide titled Career Comparison.
b) Create and insert a table in the left column that lists, from highest to lowest,
the median income for each career you have researched in this assignment.
c) Create and insert a table in the right column that lists, from best to worst, the
projected job growth for each career you have researched in this assignment.
Resources
Click this link to view O*NET’s Tasks section for Construction Carpenters.
Click this link to view O*NET’s Work Activities section for Construction Carpenters.
Click this link to view O*NET’s Work Context section for Construction Carpenters.
Click this link to view O*NET’s Tasks section for Architects.
Click this link to view O*NET’s Work Activities section for Architects.
Click this link to view O*NET’s Work Context section for Architects.
Click this link to view O*NET’s Tasks section for Construction Managers.
Click this link to view O*NET’s Work Activities section for Construction Managers.
Click this link to view O*NET’s Work Context section for Construction Managers.
Click this link to view O*NET’s Tasks section for Stationary Engineers and Boiler
Operators.
Click this link to view O*NET’s Work Activities section for Stationary Engineers and
Boiler Operators.
Click this link to view O*NET’s Work Context section for Stationary Engineers and
Boiler Operators.

Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: Direct materials $88,000 Direct labor $44,500 Variable manufacturing overhead$22,600 Fixed manufacturing overhead 33,700 Total manufacturing overhead $56,300 Variable selling expense$15,800 Fixed selling expense 25,600 Total selling expense $41,400 Variable administrative expense$5,900 Fixed administrative expense 28,800 Total administrative expense $34,700 Required: 1. With respect to cost classifications for preparing financial statements: a. What is the total product cost

A buyer and seller have a serious disagreement regarding a defect in the swimming
pool. The buyer gives up and demands the deposit back. The seller disagrees and
demands the earnest money as liquidated damages. What should the broker do?

In one or two sentences, explain how a govemment pays for expenses that are more than its revenues.