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3 years ago

Who pays the tax does depend on who writes the check to the government?

1 answer:

4 0

Who pays the tax does NOT depend on who write the check to the government.
Who pays the check ultimately depend on the elasticity of supply and demand. This is because, suppliers have several ways of passing the taxes levied on them by the government to the consumers in form of increase in price of their products. But this also depend on the elasticity of the products, because if the prices are too high, some customers may decide to buy somewhere else or to go for a substitute.

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Diminishing marginal utility of wealth implies that the utility function. Group of answer choices

yan [13]

Answer:

c. has decreasing slope and a person is risk averse.

Explanation:

The marignal utility of wealth represent that the subsequent utility of the person wealth is not perceived as necessary/joyful as the previous one.

This makes the slope of the utility function to go upward but at slower grow.

The first units of wealth produce a great improvement in utlity compared with the followings just like in any other good or service provided in the economy.

7 0

3 years ago

Milo Clothing experienced the following events during 2016, its first year of operation: 1. Acquired $12,000 cash from the issue

Serga [27]

Answer:

Explanation:

The four transactions will be recorded in the general journal as follows:

1) Debit cash $12,000

Credit common stock $12,000

(To record the sale of common stock)

2) Debit purchases $5,600

Credit cash $5,600

(To record purchase of inventory in cash)

3) Debit cash $5,712

Credit sales $3,360

Credit gross profit $2,352

(To record the sale of inventory in cash)

4) Debit advertising expenses $650

Credit cash $650

(To record the payment of advertising expenses in cash)

5 0

3 years ago

A firm pays a current dividend of $1, which is expected to grow at a rate of 5% indefinitely. If the current value of the firm’s

ArbitrLikvidat [17]

Answer:

Required rate of return = 8%

Explanation:

The price of a stock using the dividend valuation model is the present value of the the future dividend expected from the stock discounted at the required rate of return.

This model is represented as follows

D(1+g)/(r-g) = P

Price, D- dividend payable in now, ke- required rate of return, g- growth rate

35 = 1×(1.05)/ke-0.05

35 × (ke-0.05) = 1.05

35ke - 1.75 = 1.05

35Ke = 1.05 + 1.75

35ke = 2.8

ke= 2.8/35= 0.08

Ke = 0.08× 100 = 8%

Required rate of return = 8%

6 0

3 years ago

Expensive department stores market service and atmosphere while less expensive stores market location and perceived lower prices

melisa1 [442]

Answer: Monopolistic competition

Explanation:

Monopolistic competition is described as a competition between firms where they offer similar services but not the same or exact services. This competition is seen in industries where differentiation is possible, example of such industries are restaurant, hairdressers, clothing, TV programs.

7 0

3 years ago

Had columbus's voyage acquired wealth for spain, he was supposed to keep what amount?

kotegsom [21]

He was supposed to keep 10%.
The 10% share was one of the columbus demand' when both columbus and the crown agreed to the terms for his voyage fundinsg.
But, since he had been relieved of his duties as governor, the Crown no longer feel obligated to honour the term of the contract.

5 0

3 years ago