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
xeze [42]
3 years ago
13

Suppose sellers of perfume are required to send $1.00 to the government for every bottle of perfume they sell. Further, suppose

this tax causes the price paid by buyers of perfume to rise by $0.60 per bottle. Which of the following statements is correct?
a.

The effective price received by sellers is $0.40 per bottle less than it was before the tax.

b.

Sixty percent of the burden of the tax falls on sellers.

c.

This tax causes the demand curve for perfume to shift downward by $1.00 at each quantity of perfume.

d.

All of the above are correct.
Business
1 answer:
amm18123 years ago
5 0

Answer:

a. The effective price received by sellers is $0.40 per bottle less than it was before the tax.

Explanation:

When government imposes tax on a product, a seller's margin on such a product falls which the seller tries to recover from the buyer by raising the price of the product.

In the given case, $1 is tax payable to government out of which the seller recovers $0.60 from the buyer via increased price. So, the remaining $0.4 tax is being paid by the seller out of his own pocket.

Effective price received refers to net amount received by the seller after deducting expenses and taxes. So, in the given case, the seller now receives $0.4 less per bottle than the receipts before such tax was imposed.

You might be interested in
Imagine that a food critic visits your restaurant and writes a positive review that was then published in a magazine. This is an
BartSMP [9]

Answer:

Good Quality or Service

Explanation:

This is a very general question however I’ll try to answer it to the best of my knowledge.

This is an example of Good Quality or Service OR Public Relations or Promotion.

Good Quality or Service – The food quality or the service at the Restaurant must be very good that the food critic was so impressed that he/she published this review on the magazine so that others may try the delicious food of this Restaurant.

Public Relations or Promotion – Regardless of the food quality or the service at the Restaurant, the restaurant owner had paid the food critic/blogger to post good reviews about his/her Restaurant in the magazine which would attract more customers to this Restaurant.

In my opinion, Good Quality or Service is more relevant in this scenario.

3 0
3 years ago
Classified ads in newspapers
ZanzabumX [31]

A.are a good source of referrals.

5 0
3 years ago
A "financial snapshot" is a technique to establish:
In-s [12.5K]
It is to provide your clients a visual demonstration of their current financial situation, the raw numbers on where they are today, and what it would take for them to reach their goals and dreams.
4 0
3 years ago
There are four seats on the board of directors of MMT, Inc., up for election. The firm has 175,000 shares of stock outstanding a
Archy [21]

Answer:

We must spend $575,023 to acquire sufficient shares to guarantee your election to the board

Explanation:

To calculate the number of shares, the below formula will be used

Number of shares = [(S * X) / (D + 1)] + 1

S = Total number of shares, X = Number of seats you want to leave, D = Total number of seats

Number of shares = (175,000 * 1) / (4 + 1) + 1

Number of shares = (175,000 / 5) + 1

Number of shares = 35,000 + 1

Number of shares = 35,001

We control 35,001 if we wants to guarantee election to the board.

The additional no of shares that we need to buy is as calculated below as we already owns 10,000 shares

Cost = (Number of shares required - Number of shares already owned) * Price per share

Cost = (35,001 shares - 10,000 shares) * $23

Cost = 25,001 shares * $23

Cost = $575,023

Thus, it will cost us $575,023 to guarantee that we will be elected to the board.

4 0
3 years ago
Nathan manages a website that sells bicycles. He's using a Google Ads Display campaign to drive purchases in that segment, and c
lana66690 [7]

Complete Question:

Nathan manages a website that sells bicycles. He's using a Google Ads Display campaign to drive purchases in that segment, and chooses In-Market audiences as his targeting option. What's the advantage In-Market audiences gives Nathan in reaching his marketing goals?

  1. Reaches users based on their lifestyles, interests, and passions.
  2. Shows ads to users based on a combination of declared and inferred data.
  3. Connects him with audiences most interested in what he has to offer.
  4. Finds users that are similar to an original remarketing list.

Answer:

The advantage In-Market audiences gives Nathan in reaching his marketing goals is Connects him with audiences most interested in what he has to offer.

Explanation:

The advantage of a target reach lies in Nathan's ability to connect him to the motorcycle sales on the website.

He will accelerate sales in that category with the Google Advertising Show plan.

With specific segments which identify users based on their demonstrated consumer behaviour and purpose, you can connect with people who are most interested in what you can give.

5 0
3 years ago
Other questions:
  • 16. Which of the following cuts is ideal for smoking?
    6·2 answers
  • What specific strategies Gloria can use to help her son make better decisions
    8·1 answer
  • Discount retail corporation may be engaging in conduct that violates the sherman act. to bring an action against the firm requir
    5·1 answer
  • The Supply/Demand equilibrium price is __________ with an equilibrium quantity of _________. PRICE Column 1 Quantity Column 2 Qu
    12·1 answer
  • Feiler Corporation has total current assets of $493,000, total current liabilities of $357,000, total stockholders' equity of $1
    15·1 answer
  • Flagler Corporation takes eight hours to complete the setup process for a certain electrical component, with the setup cost aver
    14·1 answer
  • Which of the following should you NOT do when collecting and evaluating data on your market?
    13·1 answer
  • 1. The condensed income statement for a Fletcher Inc. for the past year is as follows: Product F G H Total Sales $300,000 $210,0
    13·1 answer
  • By law, an accountant must hold a CPA designation in order to<br> ?
    14·1 answer
  • MSI is considering outsourcing the production of the handheld control module used with some of its products. The company has rec
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!