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Sophie [7]
1 year ago
15

True or false: unless demand is perfectly elastic or perfectly inelastic, whether a tax is levied on buyers or on sellers, the c

ost is shared.
Business
1 answer:
zubka84 [21]1 year ago
7 0

The given statement stands as true about inelastic products.

  • Products that are inelastic must often have reliable backups. Serviceability, conventional medicines, and cigarette products are the most frequently encountered goods with inelastic demand. Businesses that sell comparable goods have less price rigidity since demand is constant regardless of price changes.
  • The term "inelastic" refers to a good or service's static volume when its price varies.

False or true Whether a tax is imposed on purchasers or sellers, the cost is shared unless demand is absolutely elastic or perfectly inelastic.

True, for the following reason: Buyers pay the entire tax when demand is perfectly inelastic.

Learn more about Inelastic products  here:

brainly.com/question/2396092

#SPJ4

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Jenny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the com
LiRa [457]

Answer:

$1,107,793.41

Explanation:

The value of the payment today can be ascertained using the present value of an annuity due formula since the first payment is immediate as shown thus:

PV=monthly payment*(1-(1+r)^-n/r*(1+r)

monthly payment=$12,500

r=monthly interest rate=6.48%/12=0.0054

n=number of monthly payments in 10 year=10*12=120

PV=$12,500*(1-(1+0.0054)^-120/0.0054*(1+0.0054)

PV=$12,500*(1-(1.0054)^-120/0.0054*(1.0054)

PV=$12,500*(1-0.524003627 )/0.0054*1.0054

PV=$12,500*0.475996373 /0.0054*1.0054

PV=$1,107,793.41

6 0
2 years ago
During 2018, Montoya (age 15) received $2,200 from a corporate bond. He also received $600 from a savings account established fo
Ann [662]

Answer:

The correct answer is option (C) $ 1,750

Explanation:

Given data:

Amount received from corporate bond = $ 2,200

Amount received from a savings account = $ 600

Thus, the total income = $ 2,200 + $ 600

or

The total income = $ 2800

Now,

the standard deduction for the person claimed as dependent's on another's tax return = $ 1,050

Hence, the total taxable income = Total income - standard deduction

or

the total taxable income = $ 2,800 - $ 1,050 = $ 1,750

Hence, the correct answer is option (C) $ 1,750

3 0
3 years ago
MacHeath Inc. bought 60% of the outstanding common stock of Nomes Inc. in an acquisition that resulted in the recognition of goo
kiruha [24]

Answer:

c) $600,000.

Explanation:

$600,000.00 is the value that will be attributed to land in a consolidated balance sheet at the date of acquisition?

In the acquisition process,  assets and liabilities of the business being bought get evaluated to ascertain their true worth.  Assets such as land, buildings, and machinery undergo valuation. Their market value or fair value is recorded in the books of the acquiring entity as the actual value of the asset at the time of acquisition.

8 0
3 years ago
How might reading about a case or hearing about it on TV influence jurors?
NikAS [45]

Answer:

jurors are informed about certain facts prior to hearing them

Explanation:

8 0
2 years ago
What is one good strategy to use when balancing a checkbook? A. Call the bank immediately if the balance in the check register d
Agata [3.3K]
D. Compare the monthly bank statement to the check register.
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