Answer:
C. $300,000
Explanation:
Shue's Capital Account:
contribution: 50,000
partnership income x 30%
withdrawals: (240,000)
change in capital account: (100,000)
50,000 + Shue's profits - 240,000 = -100,000
Shue's profit = 240,000 - 100,000 - 50,000
Shue's profit = 90,000
Partnership profit:
90,000 / 0.30 = 300,000
Answer:
The accurate choice is:
b) lower prices for consumers and producers
Explanation:
In the USA, food is a crucial necessity that the government ensures is accessible to its citizens. Many agricultural goods receive government subsidies, aiding both farmers (producers) and consumers.
Producers benefit from subsidies through incentives, agricultural tools, and grants. Conversely, consumers gain benefits from the lowered prices of agricultural crops.
The market supply curve is influenced by factors like price and production expenses.
Many states impose sales tax on certain products and services to enhance revenue. However, such taxes also affect how consumers behave. These effects, along with the overall financial impact of sales tax, become apparent in the supply and demand curves when sales tax rates increase or when a new sales tax is instituted by a state.
