All categories

2 years ago

True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers.

1 answer:

5 0

It is false that the effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers.

Tax refer compulsory levy or contribution place on individual, organization or state which is levied by government majorly on workers income or business profits of companies or can be added to cost of goods, services or even any transactions done.

Therefore, It is false that the effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers because the effect of tax on consumers or producers is normally determined by price elasticity.

Learn more about tax from the link below.

brainly.com/question/25783927

You might be interested in

Would your computation be different if the company reported $320,000 worth of contingent liabilities in the notes to the stateme

Juli2301 [7.4K]

Answers to all the parts are listed below.

<h3>What is working capital?</h3>

Working capital is defined as the difference between current assets and current liabilities.
It is critical to estimate and compute working capital in order to allocate cash available for working capital.
If working capital is negative, it signifies that current liabilities exceed current assets, which is a negative indicator of liquidity.

(1-a) Computation of current liabilites = $107,600.

(Go through the table given below)

(1-b) Working capital = Current assets - Current liabilities

Current assets = Total assets - Non-current assets = $590,00 - $350,000 = $240,000
Current liabilities = $107,600

So, Working capital = $240,000 - $107,600 = $132,400

(2) The computation would not alter since contingent liabilities are not recorded on the balance sheet; instead, they are disclosed in the notes to financial statements.

As a result, the $300,000 in contingent liabilities has no effect on any of the preceding calculations.

Therefore, all the answers are shown.

Know more about working capital here:

brainly.com/question/26214959

#SPJ4

The correct question is given below:

Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year: |Total assets |$ 590,000 |Total non current assets |350,000 |Liabilities: | |Notes payable (8%, due in 5 years) |23,000 |Accounts payable |55,000 |Income taxes payable |11,000 |Liability for withholding taxes |4,000 |Rent revenue collected in advance |9,000 |Bonds payable (due in 15 years) |105,000 |Wages payable |9,000 |Property taxes payable |5,000 |Note payable (10%, due in 6 months) |14,000 |Interest payable |600 |Common stock |180,000 Required: 1-a. What is the amount of current liabilities? 1-b. Compute working capital. 2. Would your computation be different if the company reported $300,000 worth of contingent liabilities in the notes to its financial statements?

8 0

1 year ago

A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the lab

aksik [14]

Answer:

A. Labor productivity before=16 cart per workers-hour

Labor productivity After=26 cart per workers-hour

B. Multifactor productivity Before=0.94 carts per hour

Multifactor productivity before=0.94 carts per hour

Explanation:

A. Computation of labor productivity under each system

Labor productivity Before=100 carts per hour/6 workers

Labor productivity Before=16 cart per workers-hour

Labor productivity After=(100 carts per hour+4 carts per hour)/4 workers

Labor productivity After=(104carts per hour /4 workers

Labor productivity After=26 cart per workers-hour

B. Computation of the multifactor productivity under each system.

Multifactor productivity Before=100 carts per hour/(6 workers*$11 per hour)+$40 per hour

Multifactor productivity Before=100 carts per hour/($66 per hour+$40 per hour)

Multifactor productivity Before=100 carts per hour/$106 per hour

Multifactor productivity Before=0.94 carts per hour

Multifactor productivity before=(100carts per hour + 4carts per hour)/(4 workers * $11 per hour$)+($40 per hour+12 per hour)

Multifactor productivity before=(104carts per hour /(4 workers * $11 per hour$)+($40 per hour+12 per hour)

Multifactor productivity before=(104carts per hour /($66 per hour+$52 per hour)

Multifactor productivity before=(104carts per hour /118per hour

Multifactor productivity before=0.94 carts per hour

6 0

3 years ago

All of the following are the ways property can be transferred at death, except by: Group of answer choices disclaimer. will. con

mihalych1998 [28]

Answer: Disclaimer

Explanation:

At death, it should be noted that property can be transferred through will, contract or title. On the other hand, property can't be transferred through disclaimer.

A disclaimer simply refers to a statement that denies someone the responsibility to a particular thing. It delimit the scope of rights of an individual.

3 0

3 years ago

1. You invest $1,000 in a certificate of deposit that matures after ten years and pays 5 percent interest, which is compounded a

Lilit [14]

Answer and Explanation:

a. The computation of the interest earned is given below:

= $1,000 × (1.05)^10 - $1,000

= $628.29

b. Now the interest earned in case of withdrawn is

= $1,000 × 5% × 10

= $500

c. In part a there is a compound interest while on part b there is a simple interest so the both answers should be different

The same would be relevant and considered too

7 0

3 years ago

Hawkins Company has owned 10 percent of Larker, Inc., for the past several years. This ownership did not allow Hawkins to have s

Darya [45]

Answer:

There will be no recorded change because the equity method comes into play from the acquisition date

Explanation:

In the event that Hawkins Company purchases or acquires another 30 percent of Larker, Inc. to add to their initial 10 percent holding, there will be no change in the investor report. This is because using the equity method, any investor report only starts taking into effect from the day the acquisition was made. Older statements and reports are not tampered with, as the investor did not have up to 40% of the company at that point in time.

7 0

3 years ago