the burden of a tax falls more heavily on sellers when ________.
Answers
The burden of a tax falls more heavily on sellers when the demand for the good or service being taxed is inelastic.
A tax is a fee levied by the government on an individual's income, property, or goods purchased. Taxes are typically charged on a percentage basis, and the amount charged varies depending on the type of tax and the total amount of money being taxed.What is the burden of a tax?The burden of a tax refers to who bears the majority of the tax's financial burden. When a government imposes a tax, it has an effect on the tax's stakeholders, including consumers and producers. The burden of the tax is usually shared by both producers and consumers, but the degree to which each side is impacted is determined by several factors.What is the factor that determines who pays the most?The burden of a tax falls more heavily on sellers when the demand for the good or service being taxed is inelastic. When the good or service being taxed is essential, such as gasoline, the tax will be passed on to consumers in the form of higher prices, regardless of how much the price of gasoline rises. In this instance, sellers are more impacted since the demand for gas is inelastic, and consumers must continue to buy it even if the price rises.To summarize, the burden of a tax falls more heavily on sellers when the demand for the good or service being taxed is inelastic.
Learn more about burden of a tax here:-
https://brainly.com/question/31923793
#SPJ11
Related Questions
Who do you want to win? First person get Brainlest
Answers
The tendency for managers to compare the performance of divisions within a company to each other using the same metrics regardless of each division's unique characteristics is known as _____ bias. a.surrogation b.division c.metrics dmon measures
Answers
Answer:
Metrics Bias.
Explanation:
Metrics is defined as a standard of measurement while bias can be explained to occur when there is lack of fairness in arriving at a decision.
Using the same metrics within a company to evaluate the performance of different divisions where each division has its own unique characteristics will not give a fair decision and due to metrics bias as the metrics used may tend to favor some divisions more than others.
A document that refers to a customer billing for merchandise bought on credit is called a(n):
Answers
Answer:
Invoice
Explanation:
A sales transaction can be defined as a business transaction between two or more individuals or organizations, which generally involves the buyer purchasing either a tangible or intangible goods and services from the seller (service provider) through the use of money, credit cards or vouchers.
An invoice can be defined as an accounting document which is used for recording the essential details of the payment of goods and services made by a customer. It is the first step in the sales transaction, as it is expected that the seller or service provider makes it available and issues it for all sales transactions. Also, it is an essential accounting document which serves as an evidence of payment and delivery of goods and services to the customer.
In conclusion, a document that refers to a customer billing for merchandise such as finished goods like television, smartphone, shirt, trouser, cup, radio, furniture, etc., bought on credit is called an invoice.
Martin owns a store that sells four different products. Each product has the same unit selling price and equal unit variable costs. This month, the sales mix has been calculated and each of the four products constitute 25% of sales as determined by number of units sold. Does Martin need to calculate the weighted-average unit contribution margin this month
Answers
Answer:
No, the weighted-average unit contribution margin is equal to the contribution margin for each of the products.
Explanation:
The weighted-average unit contribution margin is not impacted by the company-wide break-even point in units.
The weighted-average unit contribution margin is NOT equal to the contribution margin for each of the products.
The weighted-average unit contribution margin IS dependent on the sales mix percentage.
what is irrecoverable debts and what is the use of it?
Answers
Amounts that are due to a company that the company feels will never be paid back to them. When a company offers its products or services to clients on a credit basis, the two parties come to an agreement that payment will be postponed for a certain amount of time—typically thirty days—before being made.
This is further explained below.
What are irrecoverable debts?Generally, Amounts that are due to a company that the company feels will never be paid back to them.
In conclusion, When a company offers its products or services to clients on a credit basis, the two parties come to an agreement that payment will be postponed for a certain amount of time—typically thirty days—before being made.
Read more about irrecoverable debts
https://brainly.com/question/15296042
#SPJ1
The WBS
Group of answer choices
is created using information from the project scope.
it helps defining team member responsibilities and other resources.
is created using a process called composition.
it helps to facilitate budget creation.
gives the project manager control of the project by breaking the work down into manageable pieces of work called work packages.
Answers
The WBS (Work Breakdown Structure) gives the project manager control by breaking the work down into manageable work packages.
The Work Breakdown Structure (WBS) is a hierarchical decomposition of the project scope into smaller, more manageable work packages. It helps the project manager gain control over the project by breaking the overall work into smaller, more understandable pieces. The WBS allows for clear definition and allocation of team member responsibilities and resources, ensuring that each element of the project is accounted for. Additionally, the WBS facilitates the creation of a project budget by providing a structured breakdown of the work packages, allowing for accurate estimation of costs and resource requirements. By breaking down the project into manageable pieces of work, the project manager can effectively plan, execute, and monitor progress, leading to successful project outcomes.
Learn more about manager here:
https://brainly.com/question/32150882
#SPJ11
Which style of decision making will consumers who develop brand loyalty use?
A.extensive decision making
B.limited decision making
C.routine decision making
D.opportunity based decision making
Answers
Which development would most reflect Karl Marx's belief in the economic
system that he predicted would replace free markets?
A. Companies begin selling more products overseas.
B. Governments eliminate taxes on corporate profits.
OC. Private businesses lose control over factories.
O D. Workers are forced to accept low wages for their labor.
Answers
The loss of factory control by private firms is the process that most closely reflects Karl Marx's belief about the economic system that will eventually replace free markets.
Option C will be the representation of the economic system that Karl Marx believed in.
Karl Marx economic theoryTo explain relative inequalities in market prices, Karl Marx believed in the labor theory of value. The value of a manufactured economic good can be determined objectively by the average direct labor hours required to make it, according to this theory.
Karl Marx on PrivatizationAccording to Marx, the entire goal of primitive accumulation is to monopolize the means of production so that exploiting owners can profit from the surplus labor of people who, due to a lack of other options, are forced to work for them.
Therefore, option C is the correct answer.
For more information about Karl Marx, refer below
https://brainly.com/question/867219
Answer: A is the correct answer
Explanation:
in the audit of cash the auditor obtains a bank cutoff statement primarily to:
a. identify old outstanding checks that the client may exclude from the year-end bank reconciliation in order to misappropriate cash
b. obtain sufficient information to reconcile the clients bank account as of year-end
c. obtain direct confirmation of the clients Bank balances as of year-end
d. test the propriety of items appearing on the clients year-end bank reconciliation
Answers
The correct answer is d. test the propriety of items appearing on the client's year-end bank reconciliation.
When conducting an audit of cash, the auditor obtains a bank cutoff statement to test the propriety of items appearing on the client's year-end bank reconciliation. This statement provides information on transactions that occurred between the client and the bank immediately after the year-end. By comparing this information with the client's records, the auditor can verify the accuracy and completeness of the items included in the year-end bank reconciliation.
Option a is incorrect because the purpose of obtaining a bank cutoff statement is not to identify old outstanding checks that the client may exclude from the reconciliation for fraudulent purposes. Rather, it is to verify the accuracy of the reconciliation.
Option b is incorrect because the primary purpose of the bank cutoff statement is not to obtain sufficient information to reconcile the client's bank account as of year-end. The bank reconciliation is typically performed using the client's own records, and the cutoff statement is used to test the accuracy of that reconciliation.
Option c is incorrect because the bank cutoff statement does not provide direct confirmation of the client's bank balances as of year-end. The balances on the cutoff statement represent transactions that occurred after the year-end and are used to verify the client's reconciliation, not to confirm the balances at year-end.
Learn more about propriety
https://brainly.com/question/33726972
#SPJ11
_______________ is the amount of money left over after paying all of the business expenses. (Select the best answer.) RevenueGross profitNet profitService cost
Answers
Answer:
Net profit
Explanation:
Net profit is the monetary reward business people get for engaging in business. Profits calculation is only possible after establishing all the revenues and expenses of a business.
Revenues are all the business income from its activities, while expenses are the costs incurred in business operations. When revenues exceed expenses, a business will realize profits.
Explain the concept of inter cropping in brief . (5) note: it should be of 5 marks
Answers
Answer:
Inter cropping is a type of multi cropping where the farmer cultivates two or more crops in a field simultaneously. Inter croping is a sustainable practice that can improve resource-use efficiency, such as nutrients and water, allowing low input agricultural practices.
Explanation:
Pls mark as brainliest
Why is it not a good idea to make early withdrawals from your 401(k)
Answers
Answer:
- Fees
-Early termination cost
-Loss of interest
If you were to open up a business, how many hours would you be open ?
Answers
A study has found, among 100 students at a school, that enrollment in drama classes is correlated with high rates of participation in social-
service projects. What can we conclude from this correlation for this population?
O Both of the above
O Neither of the above.
O Drama classes cause increased volunteerism
Volunteering causes interest in drama,
Answers
Explanation:
Correlation does not lead to causation, no matter how strong the correlation may be. You'll need to do an experiment to see if one variable causes the other. There may be other factors that aren't being considered here. We consider these confounding variables.
An example of correlation doesn't lead to causation could be this: In the summertime, ice cream sales increase and the amount of sunburns increase. Both ice cream sales and sunburns are strongly positively correlated. Does eating ice cream cause a sunburn? The answer is "no" because clearly the sun is responsible for that. So the sun would be the confounding variable here. Specifically, the amount of sunlight exposure would be key here.
"take hundred now is more valuable than take hundred after one year" explain it
Answers
Answer:
Today's dollar is worth more than tomorrow's because of inflation (on the side that's unfortunate for you) and compound interest (the side you can make work for you). Inflation increases prices over time, which means that each dollar you own today will buy more in the present time than it will in the future.
What is the term used to describe the fluctuation in demand of a certain product in relation to pricing?
Answers
Elasticity is a phrase used to describe how the price affects how much a certain product is in demand.
What is elasticity?In neoclassical economic theory, elasticity is a key idea that aids in understanding a variety of economic concepts, including the incidence of indirect taxation, marginal concepts related to the theory of the firm, wealth distribution, and different types of goods related to the theory of consumer choice. When talking about how welfare is distributed, particularly in terms of consumer, producer, or government surpluses, a grasp of elasticity is crucial.
Elasticity is a key notion in many economic theories, and it may be seen in a number of key indicators. These include the elasticity of demand at different prices, the elasticity of supply at different prices, the elasticity of demand at different income levels, the elasticity of replacement between factors of production, the cross-price elasticity of demand, and the elasticity of substitution across time.
Learn more about elasticity, from:
brainly.com/question/28790459
#SPJ6
CAN SOMEONE PLEASE HELP ME WITH A WORKSHEET AND IF YOU CANT HELP DO NOT ANSWER PLEASE!!!!!!!
Answers
Answer:
sure
Explanation:
The lower the market price,
A) the higher the rate of return
B) the riskier the investment
C) the safer the investment
D)the lower the taxes
Answers
When discussing credit scores, your friends make the following statements. Which one of them is WRONG?
a. Casnell says, "Even if you close a credit card, the record of that card stays on your report for several years."
b. Joel says, "It's best to establish credit early, so you have a long credit history before you apply for a mortgage."
c. Jessie says, "Once you turn 18, it will be really easy to get approved for a credit card."
d. Kwame says, "Using your credit card every month, but paying off the balance each time, is a great way to boost your credit score."
Answers
The statement that is WRONG is option c, which says "Once you turn 18, it will be really easy to get approved for a credit card."
While it is true that turning 18 makes you eligible for a credit card, it does not guarantee approval. Credit card companies look at factors such as credit history, income, and debt-to-income ratio to determine if you are a suitable candidate for their card. Without any credit history, it can be difficult to get approved for a credit card, even if you are 18 or older.
Option a is true, as closing a credit card does not immediately remove it from your credit report. It may stay on your report for several years, and the length of time depends on the credit bureau and the specific card.
Option b is also true, as having a long credit history can positively impact your credit score. This is because it shows that you have a track record of responsibly managing credit.
Option d is also true, as using your credit card every month and paying off the balance each time can demonstrate responsible credit management and help boost your credit score over time.
To know more about credit card visit :
https://brainly.com/question/31598744
#SPJ11
A change in the right hand side of a binding constraint may change all of the following except O a. Objective function value o b. Other right hand sides O c. Optimal value of the decision variables O d. Slack values
Answers
A change in the right hand side of a binding constraint may change all except objective function value.
A constraint on equality is never legally binding. The Answer Report contains information about shadow prices. A constraint's LHS must be greater than its RHS in order for it to be nonbinding. The size of the viable zone is not affected by changes in an objective function coefficient.
The dual price is the rise in the value of the ideal solution per unit increase in the right-hand side. The range across which the dual pricing is applicable is the range of feasibility. Other constraints will become legally binding as the RHS rises, limiting the change in the value of the objective function. The feasible zone may vary as a result of a change in a constraint's right hand side, which could also alter the best solution.
To learn more about value, click here.
https://brainly.com/question/30145972
#SPJ4
Explain the technique of making bamboo based handicrafts with an example.
Answers
Answer:
Bamboo can be processed into thin strips or sheet materials for bamboo plaiting , commonly known as bamboo strips. The processing procedures of bamboo strips include selecting materials , sawing bamboo, pruning, scraping, dividing, splitting, setting the width, thinning and chamfering.
Explanation:
Example: •Bamboo furniture
•Bamboo toys
•Bamboo wind chimes
•Bamboo lamps and lanterns
•Bamboo placements and coasters
The technique bamboos are processed into thin strips or sheet materials for bamboo plaiting, known as bamboo strips and the processing procedures of bamboo strips include selecting materials, sawing bamboo, pruning, scraping, dividing, splitting, setting the width, thinning and chamfering. For example, bamboo furniture.
What is the process of making bamboo handicrafts?The process of making bamboo handicrafts is given below. First, the bamboo is completely dried before use. The bamboo is segregated in the beginning according to the products that are going to be made. They are cut to the required sizes with the help of a bamboo sawing machine. The cut bamboo sticks are arranged for the products that have to be made.
The products are always made depending on the client’s orders. For example, to make a stool, bamboo is cut respectively into four sets to make the legs and eight sets of smaller lengths to connect the legs horizontally to get a firm hold of the four legs of the stool. A stool is something similar to that a chair but doesn’t hold a backrest.
A stool is a seat for a single person without any backrest.
Learn more about bamboo, here:
https://brainly.com/question/22167412
#SPJ2
Choose 1 of the following topics related to the Great Recession:
The housing price bubble, collapse, foreclosures, bailout of underwater mortgages
Subprime mortgages and derivatives, bailout of FNMA, Freddie Mac and AIG
The banking industry crisis, bailout of commercial and investment banks
Write a 350- to 700-word analysis of 1 of the following corrective actions taken by the Federal Reserve as a result of the crisis:
Quantitative easing
Purchase of toxic assets from financial institutions
Paying interest on reserve balances
Address the following in your analysis:
Actions taken by the Federal Reserve to mitigate the crisis
How the corrective action helped to restore stability to the financial system
How the corrective action should prevent recurrence of a similar crisis
Answers
The Great Recession, a worldwide financial crisis that began in the United States in 2008, had a lasting impact on the global economy. The crisis was characterized by a housing price bubble, subprime mortgages and derivatives, a banking industry crisis, and a series of bailouts to stabilize the financial system.
The Federal Reserve, as the central bank of the United States, played a significant role in mitigating the crisis and restoring stability to the financial system. One of the corrective actions taken by the Federal Reserve in response to the Great Recession was quantitative easing. This involved the purchase of government bonds and mortgage-backed securities from banks, with the aim of injecting more money into the economy. The Federal Reserve hoped that this would stimulate economic growth and reduce unemployment by making it easier for businesses and individuals to borrow money.
Quantitative easing was first introduced in 2008 and lasted until 2014, with the Federal Reserve purchasing over $4 trillion in securities during this time. The action helped to restore stability to the financial system by increasing the availability of credit and reducing the risk of a deflationary spiral. Deflation is a phenomenon in which the prices of goods and services fall, causing consumers and businesses to delay spending, which can lead to a contraction in the economy. By injecting more money into the economy, quantitative easing helped to prevent this from happening. Furthermore, the action should prevent the recurrence of a similar crisis by ensuring that the Federal Reserve has the tools to combat economic downturns in the future.
To know more about financial visit:
brainly.com/question/32635126
#SPJ11
Which person would most likely have a good credit report?
O A. Mark has been in the same job for eight years and the same house
for 10 years, and he always pays his bills on time.
B. Coree has applied for several credit cards, and she recently lost
her job.
O C. Andrew always pays his bills on time, and he has monthly credit
payments of 20% of his take-home pay.
O D. Ashley has never had a credit card
SUB
Answers
Answer:
The answer is A
Mark who is always paying his bills on time
How to calculate Net Working Capital (NWC)?
Answers
To calculate Net Working Capital, start by taking the current assets of a company and subtracting the current liabilities. Current assets include items such as cash, accounts receivable, inventory and other liquid assets that can be quickly turned into cash.
Current liabilities include things such as accounts payable, short-term debt and other debts due within one year. The resulting number is the company's Net Working Capital.
Net Working Capital (NWC) is an important concept to understand for any business finance class. It is a measure of a company's liquidity, and it tells you how much of their resources a company is holding in cash or are readily available to pay off their short-term liabilities. Calculating Net Working Capital is an important task for any financial analyst.
know more about NWC here
https://brainly.com/question/28320555#
#SPJ11
european union subsidizes its farmers. how do these subsidies make it difficult for farmers in developing economies to compete in the world farm market?
Answers
European union subsidizes its farmers. By encouraging export dumping and overproduction subsidies make it difficult for farmers in developing economies to compete in the world farm market.
The required details about subsidies are mentioned in the paragraph below.
European Union agricultural subsidies are destroying livelihoods in growing countries. By encouraging over-manufacturing and export dumping, those subsidies are using down international expenses of key commodities, which include sugar, dairy, and cereals. Subsidies inspire non-public corporations to adopt monetary sports and enterprise ventures that the authorities sees as withinside the public's high-quality interest. Government spending on subsidies influences each quarter of the worldwide economy. Subsidies are furnished through each federal or country wide governments and nearby governments. cash given through a central authority or an agency to lessen the price of manufacturing food, a product, etc. and to assist to maintain expenses low: authorities/public/kingdom subsidies.
To learn about subsidies visit here.
https://brainly.com/question/6945210
#SPJ4
A corporation must write ________ that set out the purpose of the business and how it is to be governed.
Answers
A corporation must write goals that set out the purpose of the business and how it is to be governed
What Is a Corporation?A corporation is a legal entity that is separate hence different from its owners. This implies that a corporation have all the qualities same as individuals.
A corporation as legal entity can sue and be sued. It is owned by its shareholders, who elect a board of directors and are responsible for the controlling of the organization.
Hence, a corporation must write goals that set out the purpose of the business and how it is to be governed.
Learn more about corporation here : https://brainly.com/question/523607
Why might a professional lose his or her credential?
The professional does something that is illegal.
The professional quits a job voluntarily.
The professional goes on too many vacations.
The professional does not attend mandatory continuing education programs.
The professional has complaints filed against him or her.
Answers
Answer:
it is A, D, and E
Explanation:
trust me
Answer:
a d e
Explanation:
_____ is a career typically requiring a certificate from a vocational school program. Lawyer Actor Sales clerk Automotive mechanic
Answers
Answer:
The answer is Automotive Mechanic
Explanation:
To start with, a vocational school program also known as vocational training or Career and Technical Education (CTE) and Vocational Education and Training (VET), is any program that provides job-specific technical training for a particular career.
Students enrolled for such programs are given hands-on instructions that can lead to the award of certification. Automotive Mechanic is the best option and right answer for this question because the career requires hands-on experience which can be taught by vocational school programs. Other careers that require vocational school programs are plumbing, wiring, shoe making among others.
Costco buys a Euro put option (contract size: 125,000€) at a premium of $0.13/€. The exercise price is $1.18/€: If the spot at expiration is $1.08/€, what is the Costco's profit? $3,750 loss O $16,250 loss O $12,500 loss $28,750 loss
Answers
The profit or loss for Costco can be calculated using the following formula:
Profit/Loss = (Exercise price - Spot price) x Contract size - Premium
Substituting the given values, we get:
Profit/Loss = ($1.18/€ - $1.08/€) x 125,000€ - $0.13/€ x 125,000€
Profit/Loss = ($0.10/€) x 125,000€ - $16,250
Profit/Loss = €12,500 - $16,250
Profit/Loss = $3,750 loss
Therefore, the answer is: $3,750 loss.
To calculate Costco's profit from the Euro put option, we need to consider the contract size, premium paid, exercise price, and the spot price at expiration. Here's the breakdown:
1. Contract size: 125,000€
2. Premium paid: $0.13/€
3. Exercise price: $1.18/€
4. Spot price at expiration: $1.08/€
First, let's calculate the total premium paid by Costco:
Premium paid = Contract size * Premium per Euro = 125,000€ * $0.13/€ = $16,250
Now, we can calculate the profit from exercising the put option:
Profit from exercise = Contract size * (Exercise price - Spot price) = 125,000€ * ($1.18/€ - $1.08/€) = 125,000€ * $0.10/€ = $12,500
Finally, we can determine Costco's overall profit or loss:
Overall profit/loss = Profit from exercise - Premium paid = $12,500 - $16,250 = -$3,750
So, Costco's profit in this scenario is a $3,750 loss.
To know more about Costco visit:-
https://brainly.com/question/30999407
#SPJ11
Component procedures may authorize DoD Governmentwide Commercial Purchase Card Ordering Officers to make purchases up to the simplified acquisition threshold in which three of the following cases?
1. Using Simplified Acquisition Procedures above or below the micro purchase threshold against Federal Supply Contract vehicles
2. At or below the micro purchase threshold from any vendor
3. At or below the micro purchase threshold against Federal supply Schedule contracts, FedMall, or other ordering systems that are authorized in component procedures
4. Above or below the micro purchase threshold against contract vehicles issued for the component by a contracting officer that contain a provision authorizing order and payment by the Governmentwide Commercial Purchase Card
Answers
Component procedures may authorize DoD Governmentwide Commercial Purchase Card Ordering Officers to make purchases up to the simplified acquisition threshold in option 1, 3 and 4.
What is the Simplified Acquisition Threshold?The simplified acquisition threshold (SAT), which in federal acquisition is seen or is one that is expressed as the anticipated award value of a contract, is the financial number above which contracting officers are instructed to solicit and award contracts using streamlined methods.
Note that the Commercial Purchase Card for the Government as a Whole - The Purchase Card is used as a convenient way to spend money while buying products and services. It is given to approved agency employees and resembles a commercial credit card in nature. It is not the same as the Government Travel Card.
Therefore, in context of the above, one can say that a program that manages a component is known as a component procedure (or procedure). A component procedure may be used to install, remove, or manage a component.
Learn more about Component procedures from
https://brainly.com/question/2712428
#SPJ1