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
Marizza181 [45]
3 years ago
10

Both buyers and sellers of a good are responsive to changes in the price of the product. An increase in the sales tax on the pro

duct will be paid by Select the correct answer below:
A. both buyers and sellers in exactly equal amounts.
B. mostly the buyers.
C. mostly the sellers.
D. both buyers and sellers, in similar amounts
Business
1 answer:
AlladinOne [14]3 years ago
6 0

Answer:

D. both buyers and sellers, in similar amounts.

Explanation:

Sales tax is defined as the tax that is paid to a government for the sale of certain amount of goods and services. The seller's charge the taxes to the buyer and remits it to the government.

The proportion of who bears tax burden is determined by elasticity of demand, when there is inelastic demand such as in purchase of cigerates the tax burden can be pushed to the buyers by sellers.

When the demand is elastic or there are substitutes, the tax burden is more on the seller's. They cannot push tax burden to buyers because demand will drop.

You might be interested in
Paul is exchanging a building with a market value of $600,000.00 and an adjusted basis of $450,000. He is exchanging it for an a
alukav5142 [94]

Answer:

Carpenter will have to pay taxes for a recognized gain of $150,000

Explanation:

When you are calculating taxes, you must use the adjusted a¿basis of the buildings.

Paul is exchanging a $450,000 building + $75,000 in cash for a $375,000 office building.

Paul's realized loss = $525,000 - $375,000 = $150,000

therefore Carpenter's recognized gain = $150,000

7 0
3 years ago
Lincoln Park Co. has a bond outstanding with a coupon rate of 6.04 percent and semiannual payments. The yield to maturity is 6.1
Reil [10]

Answer:

value of the bond = $2,033.33

Explanation:

We know,

Value of the bond, B_{0} = [I * \frac{1 - (1 + i)^{-n}}{i}] + \frac{FV}{(1 + i)^n}

Here,

Face value of par value, FV = $2,000

Coupon payment, I = Face value or Par value × coupon rate

Coupon payment, I = $2,000 × 6.04%

Coupon payment, I = $128

yield to maturity, i = 6.1% = 0.061

number of years, n = 15

Therefore, putting the value in the formula, we can get,

B_{0} = [128 * \frac{1 - (1 + 0.061)^{-7}}{0.061}] + [\frac{2,000}{(1 + 0.061)^7}]

or, B_{0} = [128 * \frac{1 - (1.061)^{-7}}{0.061}] + [\frac{2,000}{(1.061)^7}]

or, B_{0} = [128 * \frac{0.3393}{0.061}] + 1,321.3635

or, B_{0} = [128 * 5.5623] + 1,321.3635

or, B_{0} = $711.9738 + 1,321.3635

Therefore, value of the bond = $2,033.33

3 0
3 years ago
Lipstik, Inc. makes cosmetics. Lipstik intentionally mislabels its packaged products to conceal a defect. Trusting and relying o
Zanzabum

Answer:

Fraud.

Explanation:

Fraud is defined as intentional misrepresentation aimed at gaining unlawful advantage or to deprive a victim of a legal right.

In civil law the victim can file for recovery of money, while in criminal law the fraud perpetrator may be committed to prison.

Lipstik intentionally mislabels its packaged products to conceal a defect, and gains unfair advantage by selling these defective goods to customers. Mikayla buys the lipstick based on the misrepresented information on the label and gets injured.

8 0
2 years ago
Serene City enacts an ordinance that bans the use of "sound amplifying systems" on public streets. Tyler wants to campaign for a
svp [43]

Available options are:

a. ​constitutional under the First Amendment.

b. ​an unconstitutional restriction of speech.

c. ​necessary to protect national interests.

d. ​justified by the need to protect individual rights

Answer:

Option A. ​Constitutional under the First Amendment.

Explanation:

The First Amendment gives several rights to the people of United which includes the freedom of religion, speech, press and filing of the petition in the courts. The court will look into the case whether or not the speech which the Tyler wants to broadcast endangers the security of United States or that the action threatens the rights of the peope (Tyler's supporters broadcast message at mid night within the city).

3 0
3 years ago
You want to determine whether there is a lemons problem in the market for​ single-engine airplanes. Can you use any of the follo
Andreas93 [3]

Answer:

C. Yes. If repair rates are higher for planes that have been​ resold, this would be an indication of a lemons problem

Explanation:

Lemons problem is an issue of quality of product, asset, investment : due to asymetric information about the respective quality.

Asymetric Information is when one one party in transaction has more knowledge about the quality of product or asset, than the other party.

Second hand goods are an illustration of this case, as seller has more information about the real quality of good or asset than buyer.

Lemon's problem in single engines airplanes : can be analysed by concept of second hand goods 'asymetric information, lemons problem' it. If the 2nd hand resold planes require higher repairs, it indicates that the buyer had asymetric information about bad quality of planes ( the information which seller had), but realisation of bad quality later implies higher repairs.

3 0
3 years ago
Other questions:
  • Select the correct answers. Which strategy would be most suitable for a company at the maturity stage of its product life cycle?
    13·1 answer
  • Which of the following statements is CORRECT?a. The discounted payback method eliminates all of the problems associated with the
    5·1 answer
  • Michelle, an Italian fashion designer, sells her merchandise by exporting it to the United States, United Kingdom, and Brazil. A
    8·1 answer
  • Suppose disposable income increases by $2,000 . As a result, consumption increases by $1,500 . Answer the questions based on thi
    9·1 answer
  • "A drink costs 2 dollars. A taco costs 3 dollars. Given the number of each, compute total cost and assign totalCost with the res
    12·1 answer
  • Indicate with the appropriate letter the nature of each adjustment described below: Type of Adjustment A. Change in accounting p
    7·1 answer
  • Operations management is applicable: Question 4 options: A) mostly to the service sector. B) mostly to the manufacturing sector.
    13·1 answer
  • Any point inside a production possibilities curve indicates: Select one: a. unemployment and/or inefficiency. b. that the law of
    5·1 answer
  • "Cookie jar reserves" can best be described as:_______.A) Buying a lot of chocolate chip cookies, storing them for when you have
    15·1 answer
  • Better Corp. (BC) began operations on January 1, Year 1. During Year 1, BC experienced the following accounting events: 1. Acqui
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!