QUESTION 2 A picture of a Toblerone chocolate and its p…
QUESTION 2 A picture of a Toblerone chocolate and its packaging is shown below: Right click on the button below and open the image in a new tab. 2.1 Calculate the volume of one of the triangular sections (one triangular piece of the chocolate). Use the following formula:
Read DetailsTim, Al, and Pat contributed assets to form the equal TAP Pa…
Tim, Al, and Pat contributed assets to form the equal TAP Partnership. Tim contributed cash of $40,000 and land with a basis of $80,000 (fair market value of $60,000). Al contributed cash of $60,000 and land with a basis of $50,000 (fair market value of $40,000). Pat contributed cash of $60,000 and a fully depreciated property ($0 basis) valued at $40,000. Which of the following tax treatments is not correct?
Read DetailsSuppose consumers buy 70 million packs of cigarettes per mon…
Suppose consumers buy 70 million packs of cigarettes per month at a price of $6 per pack. If a $2 tax is added to that price, Instructions: Enter your responses as a percentage rounded to one decimal place. Remember to use the average in the denominator when completing questions related to elasticity. By what percentage does the price change?
Read DetailsWhen Disney’s Magic Kingdom in Orlando, Florida, opened in 1…
When Disney’s Magic Kingdom in Orlando, Florida, opened in 1971, the price of admission was $3.50 per day. In 2020, the ticket price was $109 per day. Enter your responses as a percentage rounded to the nearest whole number. By how much did the nominal price of a Disney ticket increase from 1971 to 2020? __ %
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