Jurisdiction z levies an excise tax on retail purchases of jewelry and watches. the tax equals 3 percent of the first $1,000 of the purchase price plus 1 percent of the purchase price in excess of $1,000. individual c purchases a watch for $760. compute c’s excise tax and average excise tax rate. individual d purchases a watch for $6,840. compute d’s excise tax and average excise tax rate. is jurisdiction z’s excise tax vertically equitable?

Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?