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Economics, Accounting & Business: Post your doubts here!

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Direct tax Eg Corporation tax rises.
Discourages Investment
Reduces Output
Reduces Supply.

Indirect tax affects the price of RawMaterials hence cost of production rises, supply falls.(Not 100% sure about this)
When a tax is imposed, the supply curve shifts to the left. This is because the cost of production increases and therefore the consumer is reluctant to supply more at the same level of price. The price therefore increases.

thanks :)
 
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How does long run average cost curve indicate the minimum average cost at which each level of output can be produced???
 
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Hi its uday here I want to know the difference betwee flaoting anf fixed exchange rates with defination,adv and dis as fast as possible
 
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Discuss whether the average variable cost has any significance in a perfectly competitive
market structure in determining (i) the output produced by a firm and (ii) the profit of a firm.
 
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Cue & Rest are partners sharing profits and losses in the ratio of 2:1.
They are allowed interest at 10% per annum on capitals and loans to the partnership.
Other information is as follows:
CUE REST
Capitals 20,000 8,000
Loan to firm 3,000 --

The partnership has made a net profit for the year of $40,000.
How much is Cue's total share of the net profit?
A. 24,800
B. 25,100
C. 26,800
D. 27,100

Please answer this :D
 
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How to prepare for A level Accounting .. PLZ.... I'm suffering I have prepared n done past papers but don't get the result in real examinations neither in mocks... PLZ someone
 
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How to prepare for A level Accounting .. PLZ.... I'm suffering I have prepared n done past papers but don't get the result in real examinations neither in mocks... PLZ someone
whats the problem bro? which topic do u have problems with? havent u done OL Accounting?
 
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what i got was 15000
but the mark scheme says 5000 and the only way to get 5000 is 2% * 250000
idk why they are using 250000, shouldnt it be 2%*750000 ? :s anyone?
 
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