The dissolution or liquidation of an LLC is most likely to occur when a majority of the members vote to end the business or when an event defined in the operating agreement occurs, such as the death of a member.
So the options that apply are:
1. When a majority of the members vote to end the business.
2. When an event defined in the operating agreement occurs, such as the death of a member.
The dissolution of an LLC does not necessarily occur at the end of the fiscal year, and it is not directly related to the payment of taxes. The offer of a competitor to buy the business may or may not lead to the dissolution of an LLC, as it depends on the decision of the members whether to accept the offer or not.
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An LLC is most likely to be dissolved or liquidated when a majority of the members decide to dissolve the company and when an event specified in the operating agreement, such as a member's death, takes place.
An LLC may dissolve at any time, even after the fiscal year has ended and taxes have been paid. The sale of the company could result from a rival's purchase offer, but the LLC might not necessarily be dissolved. However, the LLC may be terminated if a majority of the members decide to do so or if an occasion specified in the operating agreement, such as a member's death, occurs. If the LLC's members believe that the company is no longer viable or lucrative, they may vote to dissolve the LLC in the first scenario. In the latter scenario, the operating agreement may specify specific circumstances that would result in the LLC's dissolution, such as the passing of a significant member.
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What was the impact on the number of months it will take Janet to pay off her loan?
The impact of the number of months on Janet's loan repayment translates into more money.
When someone applies for a loan in a bank, they must take advantage of some conditions that the bank has to be able to disburse the amount of money that they require.
One of them is that you accept the interest on the loan. Banks generally put an interest that is equivalent to a small percentage of the total loan. For example:
Janet's loan is for $ 5,000 and the interest is 1.2%. Therefore, each month Janet must pay a fee (depending on the number of months in which she has divided the loan payment) and 1.2%.
So if she divided the 24-month loan, she must pay $ 208.33 plus 1.2%, which is equivalent to $ 60.
Note: This question is incomplete because there is some information missing. However I can answer it based on my prior knowledge.
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Answer:$ 60.
Explanation:
So if she divided the 24-month loan, she must pay $ 208.33 plus 1.2%, which is equivalent to $ 60.
In the control process, which of the following is NOT a possible step after comparing performance to standards?
Revise standards
Check if the standards are acceptable
Check if variance is acceptable
Establish standards
Establishing standards is NOT a possible step after comparing performance to standards in the control process.
After comparing performance to standards in the control process, the step of "establishing standards" is not typically taken. This is because the standards should have already been established prior to the comparison. The control process involves setting standards or benchmarks to define expected performance levels. Once the performance is measured and compared to these standards, the subsequent steps involve analyzing the variance, determining if the variance is acceptable or not, and then taking corrective actions if necessary. The possible steps after comparing performance to standards include revising standards if they are unrealistic or outdated, checking if the standards themselves are acceptable, and evaluating whether the observed variance from the standards is acceptable or requires corrective action.
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How could government – sponsored grants for the private development of new technologies result in a lower national debt?
Answer: Making initial development private saves the government from funding all of the research.
Explanation:
A grant refers to an amount of money that is financial assistance thats given by the government or an organization to an individual or firm for a specific purpose. A grant is different from a loan as it isn't meant to be paid back.
Government award grants for the development of technologies, community projects, home insulation etc.
With regards to the question, a government – sponsored grants for the private development of new technologies may result in a lower national debt when the government makes the initial development private thereby saving the government from funding all of the research.
Though data collected at the checkout counter of a grocery store are primarily used for sales and inventory records, this data can also be used to study how consumers shop. This latter use is an example of ______ data.
Based on the fact that the data can be used to study the way customers shop, this latter use is an example of internal secondary data.
What is internal secondary data?Secondary data on its own, refers to when data is used by a person or entity that was not the one who gathered it, or when data is used for a purpose other than what it was gathered for.
An internal secondary data would be data that is gathered by a company for one reason, and then used for another. This is why using the data for sales and inventory records to study consumer shopping patterns, makes it internal secondary data.
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The journal entry to record the payment for merchandise previously purchased on account includes a _____. (Select all that apply.)
a. credit to Accounts Receivable
b. credit to Accounts Payable
c. debit to Accounts Receivable
d. credit to Cash
e. debit to inventory
f. debit to Accounts Payable
A credit to Cash, a credit to Accounts Payable, a debit to Accounts Receivable, and perhaps a debit to Accounts Payable are included in the journal entry to document the payment for goods previously purchased on account.
The following is included in the journal entry to reflect the payment for goods previously bought on credit: d. Cash to Credit (to record the payment made) b. Accounts Payable Credit (to reduce the liability owed) Accounts receivable debit (if payment was made partially, and there is still an outstanding balance) Accounts Payable debit (if a discount was taken or a payment was made for less than the full amount owed) Consequently, the appropriate choices are: Cash to Credit (option d),Accounts Payable Credit (option b),Accounts Receivable debit (option a ,Accounts Payable debit (option f).
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In 1994, president Clinton said the new trade agreements would create a market for American products in China. What happened to the American companies after opening trade with China?
Answer:
- US retailers costs decreased and their profits increased
- US suppliers moved production to China and sell to America
Explanation:
In the year 1994, the diplomatic relation between the United States and the People's Republic of China strengthened and they reestablished their positions. They then signed a bilateral trade agreement which opened the markets of China for the American products.
But things turned out differently as they were envisaged in the Chinese markets. The American' trade did not lived up to the expectations in the Chinese markets. China was a tough market for small and medium sized companies of America. The retailers of the US decreased in costs and the China's profit increased. Also the suppliers of he US moved to the production of China and they in turn sell to the American market.
Which of the following is not a characteristic of an informal report?
a.
It is approximately ten pages in length.
b.
It is typically written as a memo or as a letter.
c.
It uses a personal tone.
d.
It uses personal pronouns.
A progress report can be written to a
a.
Supervisor
b.
Director
c.
Customer
d.
Any of the above
A formal report does not use ________.
a.
a title page
b.
contractions
c.
visual aids
d.
a table of contents
Which of the following is not a factor in successful reports?
a.
Content
b.
Clarity
c.
Complexity
d.
Skimmability
A system for outlining is ________.
a.
alphanumeric
b.
numeric
c.
All of the above.
Sure! Here are the answers to your questions .The correct answer is option a. It is approximately ten pages in length.
A progress report can be written.
The correct answer is option d. Any of the above (supervisor, director, or customer). A formal report does not use ________.The correct answer is option b. contractions.
The correct answer is option c. Complexity. A system for outlining is ________. The correct answer is option c. All of the above (alphanumeric and numeric).
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bradley enjoys working weekends because he is paid a shift differential. this money is the part of the compensation system. a. benefits b. wage and salary add-ons c. base pay d. incentive pay
This money is the part of the compensation system is wage and salary add-ons.
What is wage?Wages are sums of money paid to employees by employers in exchange for labor completed over a predetermined period of time. In addition to remunerative incentives like awards and tip payouts, wage payments can also include compensating payments like the minimum wage, prevailing wage, and annual bonuses. One of the costs associated with operating a business is wages. Regardless of the business's financial success, it is a duty to the employee.
Pay by wage contrasts with salaried work, where the employer pays a set sum at regular intervals (such as a week or month) regardless of the number of hours worked, with commission, where pay is contingent on individual performance, and with compensation based on the performance of the company as a whole.
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9) How do we lose most of our mass when we exercise?
a) As heat
b) sweating
c) Exhaling CO2
d) Difestion
Answer:
To lose weight, you need to break down those triglycerides to access their carbon.
The results showed that in order to completely breakdown 22 pounds (10 kg) of human fat, we need to inhale 64 pounds (29 kg) of oxygen (and somewhere along the way, burn 94,000 calories). This reaction produces 62 pounds (28 kg) of CO2 and 24 pounds (11 kg) of water.
Explanation:
On Wednesday, your boss asks you if you'd be willing to work an
extra day on Saturday. You agree to come to work. On Friday,
your best friend invites you to go to the beach the next day.
Should you go to work or to the beach on Saturday? Why?
Answer:
Explanation:
I would go to work on Saturday as it has been agreed upon before my friend invited me to the beach.
Creating the vision and mission statements, and deciding upon a strategy, are part of the __________ function of management
The creation of vision and mission statements, as well as the development of a strategy, are integral parts of the planning function of management.
They provide a clear direction and framework for decision-making, ensuring that the organization moves toward its desired future state. Creating the vision and mission statements, and deciding upon a strategy, are part of the planning function of management.
Planning is a crucial step in the management process as it helps establish the direction and goals of an organization. It involves setting objectives, determining the best course of action, and developing a roadmap to achieve those objectives.
Creating the vision and mission statements is an important aspect of the planning function. The vision statement outlines the desired future state or long-term goals of the organization.
It provides a clear picture of what the organization aims to achieve and serves as a source of inspiration for its members. For example, a company's vision statement could be "to be the leading provider of innovative technology solutions worldwide."
The mission statement, on the other hand, defines the purpose and core values of the organization. It explains why the organization exists and what it seeks to accomplish.
A mission statement helps guide decision-making processes and sets the tone for the organization's culture. For instance, a non-profit organization's mission statement might be "to improve the quality of life for underprivileged communities through education and healthcare."
Once the vision and mission statements are in place, the next step is to decide upon a strategy. A strategy is a plan of action designed to achieve the organization's goals.
It involves analyzing the internal and external environment, identifying opportunities and threats, and allocating resources effectively. The chosen strategy should align with the vision and mission of the organization.
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Sales revenue total to $10,000. Sales returns and allowances are $500 and sales discounts are $1,000. How much is net sales? a. $10,500 b. $10,000 c. $8,500.
Net sales = Sales revenue - Sales returns and allowances - Sales discounts net sales are $8,500. so option c is correct
The total sales revenue is given as $10,000.Sales returns and allowances are given as $500. This represents the value of goods that customers have returned or for which they have received a discount due to a problem with the product or service.Sales discounts are given as $1,000. This represents the value of discounts offered to customers who pay their bills early or who meet other criteria for discounts.Net sales is the amount of revenue earned by a company after adjusting for returns, allowances, and discounts.To calculate net sales, we subtract the sales returns and allowances and the sales discounts from the total sales revenue.Therefore, we can use the formula: Net sales = Sales revenue - Sales returns and allowances - Sales discountsPlugging in the numbers from the question, we get: Net sales = $10,000 - $500 - $1,000 Net sales = $8,500
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1. Your friend asks to borrow $50 and offers to pay you back with interest. What factors
would you consider in your decision to accept or decline their request?
The factors that you have to think about would before giving out the loan would be the following:
The loan periodThe ability to pay back the loanThe interest that is on the loanHow the money is to be returned.What is a loan?This is the term that is used to refer to an amount of money that would be given to a person that is the borrower by the lender for a period pf time and for them to pay back with interest.
To be able to determine if you are to give out a loan, you have to take the ability of the person to pay you back the amount as a fator.
Also you have to check the character of the person that you are to loan the money to.
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HELP
An example of soft skils that conveys ideas and influences change.
A.) Personal accountibility
B.) Hard skills
C.) Self-motivations
D.) Communication
How do customers find out about Donny Ouyang's company
Answer:
People found out about his company through different types of promotion over the Internet. As well as offline around his community. Most people reach his Web sites through search engines like Gooogle and Bing.com.
Explanation:
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Which one of the following is most likely to result in an increase in producer surplus in the market for cow's milk? (WITH EXPLANATION PLEASE)
A) consumers switching from cow's milk to soya milk
B) health care highlighting problems of consuming cow's milk
C) an advert highlighting the benefits of cow's milk
D) an increase in indirect taxes charged on cow's milk
Verizon offers to buy a laser printer with a case of paper and an extra cartridge from Office Depot for $200. In response to the offer, Pam, Office Depot's representative says "okay, but no paper and no extra cartridge." Pam has a. rejected the offer and made a counteroffer. b. made a counteroffer without rejecting the offer. c. accepted the offer. d. rejected the offer without making a counteroffer. e. formed a valid but unenforceable contract.
Answer:
a. rejected the offer and made a counteroffer.
Explanation:
Counteroffers are mostly prevalent in business negotiations. A counteroffer is an indication that the initial price or condition presented by the offeror was rejected and a new offer is made by the other party. The contract becomes valid when the counteroffer is accepted by the second party.
In the negotiations between Verizon and Office Depot, an initial offer of a laser printer with a case of paper and an extra cartridge, all for $200 was made by Verizon to Office Depot. Office Depot made a counteroffer, which indicates that the initial offer was rejected. In their counteroffer, they only agreed on a laser printer, without paper and an extra cartridge.
Steve Pratt, who is single, purchased a home in Spokane, Washington, for $627,500. He moved into the home on February 1 of year 1. He lived in the home as his primary residence until June 30 of year 5. When he sold the home for $895,000 (Leave no answer blank. Enter zero if applicable.) e. What amount of gain will Steve be required to recognize on the sale of the home? Recmedjanonse Required information The following information applies to the questions displayed below) Steve Pratt, who is single, purchased a home in Spokane, Washington, for $627500. He moved into the home on February 1 of year 1. He lived in the home as his primary residence until June 30 of year 5, when he sold the home for 5895.000 (Leave no answer blank. Enter zero if applicable.) b. Assume the original facts, except that the home is Steve's vacation home and he vacations there four months each year Steve does not ever rent the home to others. What gain must Steve recognize on the home sale? Bacognized in un
Steve Pratt purchased a home in Spokane, Washington, for $627,500 and lived in it as his primary residence from February 1 of year 1 until June 30 of year 5. He sold the home for $895,000. The amount of gain that Steve will be required to recognize on the sale of the home depends on whether the home is considered his primary residence or vacation home.
If the home is considered Steve's primary residence, he may be eligible for the exclusion of gain on the sale of a primary residence. Under the current tax laws in the United States, an individual can exclude up to $250,000 of gain ($500,000 for married couples filing jointly) from the sale of their primary residence if they meet certain ownership and use requirements. In this case, since Steve lived in the home as his primary residence for more than two years (from February 1 of year 1 to June 30 of year 5), he may qualify for the exclusion. Assuming he meets the other ownership requirements, the gain on the sale of the home would be calculated as the selling price ($895,000) minus the adjusted basis (the original purchase price of $627,500) and any selling expenses. However, if the home is considered Steve's vacation home, different rules apply. In this scenario, Steve would not be eligible for the exclusion of gain on the sale of a primary residence. The gain recognized on the sale of the vacation home would be calculated as the selling price ($895,000) minus the adjusted basis (the original purchase price of $627,500) and any selling expenses. To determine the exact amount of gain that Steve would be required to recognize, the applicable tax laws and regulations should be consulted, as they may vary based on individual circumstances and jurisdiction.
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On December 31, 2019, the balances of the accounts appearing in the ledger of Wyman Company are as follows: Cash Accounts Recevable Merchandise Inventory, January 1, 2019 Estimated Returns Inventory Office Supplies Prepaid Insurance Land Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Orrice Equipment Accounts Payable Customer Refunds Payable Salaries Payable Uneamed Rent Notes Payable Shirley Wyman, Capital Shirley Wyman, Drawing Sales $13,500 72,000 257,000 35,000 3,000 4,500 150,000 270,000 55,900 78,500 16,000 27,800 50,000 3,000 8,300 50,000 515,600 25,000 3,280,000 2,650,0OD 93,000 37,000 18,000 300,000 45,000 9,000 6,000 12,000 175,000 28,000 3,000 2,000 1,500 3,500 7,000 2,000 Purchases Returns and Alowances Freight In Sales Salaries Expense Advertising Expense Delivery Expense Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Office Supplies Expense Miscellaneous Administrative Expense Rent Revenue Interest Expense
The balances of the accounts provide a snapshot of the financial health of Wyman Company at the end of the year, which can be used to prepare financial statements and analyze the company's performance over time.
Based on the information provided, it appears that Wyman Company is a retail business that sells merchandise. The balances of the accounts at the end of the year provide important information for preparing financial statements and analyzing the company's performance.
The current assets of the company include cash, accounts receivable, merchandise inventory, estimated returns inventory, office supplies, and prepaid insurance. The merchandise inventory is the largest current asset, indicating that the company is heavily invested in selling products.
The noncurrent assets include land, store equipment, and office equipment. The depreciation accounts show that the company has been using the store and office equipment for some time.
The current liabilities include accounts payable, customer refunds payable, salaries payable, and unearned rent. The notes payable account indicates that the company has taken on debt, possibly to finance the purchase of the store and office equipment.
The owner's equity section includes Shirley Wyman's capital account and her drawing account. The sales revenue account is the largest income account, indicating that the company generated significant revenue during the year.
The expense accounts include purchases returns and allowances, freight in, sales salaries expense, advertising expense, delivery expense, miscellaneous selling expense, office salaries expense, rent expense, insurance expense, office supplies expense, and miscellaneous administrative expense. The interest expense account indicates that the company has borrowed money and is paying interest on that debt.
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You are the account manager for an Internet service provider. A customer contacts you and complains that her recent billing statement was incorrect. After looking over the statement, you determine that the customer is mistaken: the statement is correct. What should you do before writing your message
Answer:
As usual we should correct our mistake
On January 2, The Public Legal Clinic issued Check 2108 for $370 to establish a petty cash fund. Indicate how this transaction would be recorded in a cash payments journal.
To create the petty cash fund, make the following journal entry: debit Petty cash fund account ($430), credit cash account ($430).
What is petty cash fund?A petty cash fund's main objective is to give business units enough money to pay for small expenses. The purpose is to make it easier for staff workers and visitors to get reimbursed for little expenses like taxi rides, postage, office supplies, and other things that often don't cost more than $25.00.
The data can also come from of the petty cash fund. Add up all of the expenses that are mentioned on each petty cash vouchers in the petty cash fund. This sum should be deducted from the calculated cash withdrawal amount. The outcome ought to be 0. There is an excess of cash in the fund if there is a residual balance.
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True or False: An ethical decision framework is useful because it can be relied on to give the manager guidance when considering ethical questions. True false question. True False
The ethical decision framework is useful for providing guidance to the manager.
What is an ethical decision framework?This is the document that gives a provision of the steps that have to be taken by an organization when they are faced with ethical dilemmas.
The answer to this question is true. The framework is useful for the provision of guidelines.
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expert communicators are not perceived as trustworthy when . a. their statements are subjective to external causes b. they directly advocate a product c. they use an advanced communication channel d. their attitude toward the product is negative
Expert communicators are not perceived as trustworthy when "their statements are subjective to external causes".
The Expert communicators are those communicators know their communication is only as good as the impact on intended audience. There are four types of communicators are aggressive, passive-aggresive, passive and the assertive.
The Expert communicators are ensured empathy, equity, relevance and the impact. The communicators are four common types are analytical communicators, intuitive communicators, functional communicators, and the personal communicators.
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discuss below 3 types of suppliers
1. Local suppliers
2. National suppliers
3.International suppliers
In the business environment, there are three types of suppliers: local suppliers, national suppliers, and international suppliers.
Local suppliers: Local suppliers are suppliers that operate within a specified area, typically within the same state, region, or city where the business operates. These suppliers are often preferred since they provide immediate deliveries and can even respond to urgent orders. They help to establish a healthy working relationship with companies within the community and provide opportunities for small business growth. Local suppliers have an advantage over national or international suppliers because they have a better understanding of the local market and can provide specialized products and services at a lower cost.
National supplier: National suppliers operate within the borders of a country or nation. They offer goods or services to businesses throughout the country, even in different states or regions. They usually have more extensive delivery networks, which means they can fulfill orders promptly. National suppliers are ideal for companies that require a more comprehensive range of products or services or have operations in several locations. They offer consistent products or services at a lower cost than international suppliers because they don't have to deal with international shipping fees and import taxes.
International suppliers: International suppliers are suppliers that operate beyond national borders and offer products or services to businesses in different countries. They are known for their extensive product range and can provide specialized products or services. However, international suppliers have longer delivery times due to longer shipping distances, increased transportation costs, and customs procedures. Although their prices may be lower, international suppliers can be more expensive due to import tariffs and exchange rates.
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why are payday loans so much easier to qualify for than traditional bank loans?
Payday loans are often exempt from credit checks so because borrower's next paycheck serves as collateral. They are therefore a tempting choice for borrowers who have poor credit or even no credit.
Do Borrowers have souls?Despite having very little direct touch with their bigger cousins and differing biologically from humans, Borrowers have a culture that is strikingly similar with that of humans. They appear to "steal" that culture of the large people they coexist with, taking on their language and manner of life in general.
What are the names of the Borrowers?The Borrowers are tiny residents of an English home who reside below a clock. They go by Homily, Pod, and Arrietty.
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Select the correct answer.
What is the last step in the market research process?
O Apresenting findings
O B. analyzing information
O c. making decisions
OD. developing a research plan
O E. identifying the problem
Reset
Ne
Answer:
c. making decisions
Explanation:
The last step in marketing research is decision making. This step involves presenting findings, drawing conclusions, and deciding on the course of action to take.
The objective of any research is the get solutions to a challenge. The time and resources used in the research will go to waste if the recommendations are not implemented. While all the research steps are critical, failing to act on the findings makes the entire process worthless. Market research is a strong input to a business decision.
Answer:
uhm see now making a decision is the last thing to do
Explanation:
y bc uh u plan then decide
The flowchart above illustrates which type of organizational message?
a.
upward
b.
lateral
c.
grapevine
d.
downward
Answer:
upward is the correct answer
4. What competitive structure features pricing that is determined entirely through the laws of supply and demand and requires t
Moderate competition
Perfect competition
Monopolistic competition
Direct competition
Pricing is not determined by supply and demand forces in monopolistic competition. Companies set the prices for their distinctly different yet similarly priced items. The answer is option (c).
What is monopolistic competition?When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition develops. A monopolistic competitive economy has minimal entry requirements, and actions made by any one business do not immediately impact those of its rivals.
Consider a market system where there are many businesses and free enterprise entrance and exit, but the goods these businesses produce are not uniform. A market structure like this is referred to as monopolistic competition.
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now the government imposes a sales tax of $4 per smartphone charger. draw a point to show the price paid by buyers and the quantity bought. label it 2. draw a point to indicate the price received by sellers and the quantity sold. label it 3.
The imposition of a sales tax of $4 per smartphone charger affects both buyers and sellers in the market. To illustrate this, we can draw a supply and demand graph.
1. Price paid by buyers and quantity bought (labeled as Point 2): We can represent the price paid by buyers on the vertical axis (y-axis) and the quantity bought on the horizontal axis (x-axis). With the imposition of the $4 sales tax, the price paid by buyers will increase. For example, if the original price of a smartphone charger was $10, buyers would now have to pay $14 ($10 + $4 tax). We would draw a point on the graph at the intersection of the demand curve and the new price level of $14, showing the quantity of smartphone chargers bought.
2. Price received by sellers and quantity sold (labeled as Point 3): The price received by sellers is the amount they receive after deducting the sales tax. In this case, if buyers are paying $14 (including the $4 tax), sellers will receive $10 ($14 - $4 tax). We would draw a point on the graph at the intersection of the supply curve and the new price level of $10, representing the quantity of smartphone chargers sold.
It's important to note that the specific positions of points 2 and 3 will vary depending on the supply and demand curves for smartphone chargers. The graph helps visualize the impact of the sales tax on both buyers and sellers in terms of prices and quantities.
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An apple grower's orchard provides nectar to a neighbor's bees, while the beekeeper's bees help the apple grower by pollinating the apple blossoms. Use Figure 16.2b to explain why this situation of dual positive externalities might lead to an underallocation of resources to apple growing and to beekeeping. How might this underallocation get resolved via the means suggested by the Coase theorem?
The apple growers and beekeepers can benefit from each other, so they will negotiate an optimal solution.
Coarse TheoremThe Coase theorem (/kos/) in law and economics defines the economic efficiency of an economic allocation or results in the presence of externalities. According to the theorem, if trade in an externality is possible and transaction costs are sufficiently low, bargaining will result in a Pareto efficient outcome regardless of the initial allocation of property. In practice, bargaining obstacles or poorly defined property rights can prevent Coasean bargaining. Ronald Coase is widely credited with developing this 'theorem.'
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