Use the Following to Answer Question

question 137

Multiple Choice

Use the following to answer question:
-(Figure: The Market for SUVs) Use Figure: The Market for SUVs.If the government imposes a $60,000 tax on SUVs and collects it from the consumers,the _____ curve will shift _____ by _____.

• A)supply;upward;$30,000
• B)supply;upward;$60,000
• C)demand;downward;$30,000
• D)demand;downward;$60,000

Calculate and interpret the Days' Cash on Hand ratio.

Understand the establishment and replenishment of a petty cash fund.

Recognize the importance of maintaining a minimum cash balance (compensating balances).

Understand the objectives and implementation of internal control systems.

---

Definitions:

Berkeley

An Irish philosopher who proposed idealism, the theory that reality exists only in the minds of individuals and that what we perceive as physical objects are merely collections of ideas.

Kant

A reference to Immanuel Kant, an 18th-century German philosopher known for his work in epistemology, ethics, and aesthetics.

William James

An American philosopher and psychologist, often considered the father of American psychology, known for his works on pragmatism.

Useful Explanation

Explanation that provides a significant amount of understanding or clarity on a subject or phenomenon.