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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.

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What are the four main distinctions between universities and liberal arts colleges?
AnnZ [28]

Answer:

according to what i  had read

Explanation:

What is the difference between liberal arts college and a university?

The main difference between liberal arts college majors and university majors is that liberal arts schools generally offer one expansive area of study, whereas at universities, the same major may be broken into two or more degree tracks. ... They can major in mathematics and still end up in an engineering career.

A liberal arts college or liberal arts institution of higher education is a college with an emphasis on undergraduate study in the liberal arts and sciences. ... Most liberal arts colleges outside the United States follow this model.College vs. University

A smaller institution that usually offers undergraduate degrees is considered a college. ... In contrast, an institution that offers both undergraduate and graduate degrees is considered a university. They offer undergraduate programs that will lead a student towards a master's degree or a doctorate

8 0
3 years ago
The entry to establish a petty cash fund includes:___________
guapka [62]

Answer:

c) a debit to Petty Cash and a credit to Cash.

Explanation:

According to the golden rule of double of entry that a giver should be credited while a receiver is debited, the cash account is the giver in this case would be credited while the receiver,the petty cash account would be debited on the other hand.

The correct option which corroborates my explain above is option C.

Option A is wrong because the reverse was the case.

7 0
3 years ago
You've been taking notes for your boss during his meetings with the Senior Executive for the organization. You notice that every
mr_godi [17]

Answer:

A- Group think

Explanation:

In group think, bad decisions are often made because, rather than consider other alternatives, a group of people agree to a decision suggested by, in most cases, the most superior party in the room.

This form of thinking hides true opinions of other members of the group and though the decision is agreed upon, they could truly not want to be a part of the process.

In this scenario, there is an agreement with the Senior Executive on the plan of action however, nobody is interested in taking up the responsibility to follow through with the plan. This indicates a level of disagreement of other members with the plan regardless of the initially stated agreement with the plan.  

6 0
3 years ago
All sources of income is also known as which of the following
mariarad [96]
It is name nontaxiable
6 0
3 years ago
The speed and ease by which an asset can be converted into cash is referred to as its risk. liquidity. diversity. safety.
balandron [24]
<span>The answer to the question stated above is liquidity.

The ease with which an asset can be converted quickly into cash with little or no loss of purchasing power is liquidity.

>>>Money is said to be perfectly liquid, whereas other assets have a lesser degree of liquidity.</span>
8 0
3 years ago
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