1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lidiya [134]
2 years ago
11

All else equal, imposing taxes in markets where demand and supply are price- not only causes less but also raises more .

Business
1 answer:
anygoal [31]2 years ago
6 0

All else equal, imposing taxes in markets where demand and supply are price inelastic not only causes less inefficiency but also raises more revenue.

What is meant by price inelastic?

Inelastic is an economic term referring to the static quantity of a good or service when its price changes. Inelastic means that when the price goes up, consumers' buying habits stay about the same, and when the price goes down, consumers' buying habits also remain unchanged.

What is inefficiency in business?

Inefficiency is defined as a lack of organization or skill that wastes time, energy, or money. For business owners, it is the practice that sparks a worst-case scenario. Every penny spent on tools and software to make the business run smoother is the cost of running an efficient organization.

What do revenue means?

Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. Revenue, also known as gross sales, is often referred to as the "top line" because it sits at the top of the income statement. Income, or net income, is a company's total earnings or profit.

Learn more about demand and supply:

brainly.com/question/20072354

#SPJ4

You might be interested in
When international companies choose a place for production facilities, ___________, ___________, and ___________ factors are all
marishachu [46]

Country-specific, technology, and product considerations are things that multinational corporations take into account when deciding where to locate their manufacturing plants.

What is strategic decision?

Strategic choices are those that take into account the complete operating environment of the business, all of its resources, all of its employees, and the interface between these factors.

Major resource proposals are made by strategic decisions for an organization. These choices could relate to acquiring new resources, organizing current ones, or redistributing others.

The alignment of organizational resource capabilities with risks and opportunities is the subject of strategic decisions.

A wide range of organizational operations are addressed by strategic decisions. It all comes down to how and what they want the organization to stand for.

Due to the constantly changing environment in which a business operates, strategic decisions entail significant change.

The nature of strategic decisions is complex.

Learn more about strategic decision with the help of given link:-

brainly.com/question/27905353

#SPJ4

3 0
2 years ago
Splish Brothers Inc. issues $268,000, 10-year, 7% bonds at 97. Prepare the journal entry to record the sale of these bonds on Ma
chubhunter [2.5K]

The  journal entry to record the transaction is: Debit Cash $259,960; Debit Discount on bonds payable $8,040;Credit Bonds payable  $268,000.

<h3>Sales of bonds</h3>

Splish Brothers Inc journal entry

March 1,2022

Debit Cash $259,960

($268,000 × 97%)

Debit Discount on bonds payable $8,040

($268,000 × 3%)

Credit Bonds payable  $268,000

(To record sales of bonds)

Inconclusion the entry is: Debit Cash $259,960; Debit Discount on bonds payable $8,040;Credit Bonds payable  $268,000.

Learn more about sales of bonds here:brainly.com/question/13958571

5 0
2 years ago
7.The matching principle requires that: A. revenues earned and expenses incurred in generating those revenues should be reported
dem82 [27]

Answer:

A. revenues earned and expenses incurred in generating those revenues should be reported in the same income statement.

Explanation:

A matching principle is an accounting concept which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.

The matching principle indicates when costs are recognized as expenses on the income statement.

For instance, company XYZ purchases a property worth $90,000 in June, it was then sold in July for $250,000. Based on the matching principle, the $90,000 cost shouldn't be recognized by company XYZ as an expense until July, when the related revenue would be recognized also. Else, if recognized, its expenses would be overstated by $90,000 in June, and consequently understated to the tune of $250,000 in July.

Hence, matching principle requires that revenues earned and expenses incurred in generating those revenues should be reported in the same income statement.

Additionally, the matching principle helps business owners to calculate their taxes and profits or losses properly.

5 0
3 years ago
Determine which of the following statements is correct regarding the relationship of ending inventory and beginning inventory.
antiseptic1488 [7]

The ending inventory of the previous period is the beginning inventory of the current period.

Beginning inventory is the amount of a product. A commercial enterprise has in stock at the start of an accounting length which includes a month or 12 months. due to the fact each accounting length connects to the subsequent, the beginning inventory of one length will be similar to the ending inventory of the previous.

Beginning inventory, or opening inventory, is your inventory cost at the beginning of an accounting duration. For that reason, finishing inventory, or last inventory is the cost of the stock at the top of an accounting duration.

Ending inventory is the value of goods nevertheless available for sale and held via a business enterprise at the end of an accounting length. The dollar amount of ending stock may be calculated by the usage of multiple valuation techniques.

Learn more about Beginning inventory here: brainly.com/question/24868116

#SPJ4

6 0
2 years ago
Which is true for all types of partnerships?
Oksana_A [137]
The answer is D. Partnerships are liable to boundless obligation, which implies that each of the partners shares the risk and budgetary dangers of the business. Which can be off-putting for a few people. This can be countered by the arrangement of a restricted obligation organization, which profits by the upsides of constrained risk allowed to restricted organizations, while as yet exploiting the adaptability of the association show.
6 0
3 years ago
Other questions:
  • Which action determines the characteristic of responsibility?
    5·1 answer
  • Which car safety device should be used for a child who is 8 years old and is 4 feet tall?
    13·1 answer
  • How would a person in the following human services career fields work with someone who holds differing beliefs from them
    7·1 answer
  • The serving staff at mary's diner does not have to check with their supervisor before offering customers free dessert when the c
    12·1 answer
  • Difference between critical thinking and team working skill
    9·1 answer
  • Is a text or image that allows the user to access that file or web page with'a single click
    9·1 answer
  • Ou are planning to save for retirement over the next 35 years. to do this, you will invest $770 per month in a stock account and
    15·1 answer
  • A firm issues 20​-year bonds with a coupon rate of 4.4​%, paid semiannually. The credit spread for this​ firm's 20​-year debt is
    5·1 answer
  • When Tyree Elliott was hired as a public relations advisor to the CEO of a Fortune 500 company, he welcomed the help he received
    12·1 answer
  • Which step in the decision-making process would help you in deciding how much money you want to make at work?.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!