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artcher [175]
3 years ago
12

Taxes on goods with ___________ demand curves will tend to raise more tax revenue for the government than taxes on goods with __

__________ demand curves. A. inelastic; elastic B. elastic; unit elastic C. elastic; inelastic D. unit elastic; inelastic
Business
1 answer:
Brrunno [24]3 years ago
4 0

Answer:

The answer is A

Explanation:

Taxes on goods with INELASTIC demand curves will tend to raise more tax revenue for the government than taxes on goods with ELASTIC.

Goods with inelastic demand are insensitive to price. An increase price of the goods for example from an increase in tax on the goods will have no significant effect in the quantity demanded. Consumers will still buy it with an higher. So taxing this goods is a good source of revenue for the government.

Whereas goods with elastic demand are very sensitive to rice. Any slight increase in price will result in a significant decrease in quantity demanded. So government increasing tax on this good will be bad for its tax revenue because consumers won't be it

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Turner Corporation acquired two inventory items at a lump-sum cost of $100,000. The acquisition included 3,000 units of product
inessss [21]

Answer:

The amount of gross profit Turner Corporation should recognize is $20,000.

Explanation:

The following are given in the question:

Lump-sum cost = $100,000

Units of LF acquired = 3,000

Units of 1B acquired = 7,000

LF price per unit = $30

1B price per unit = $10

Unit of LF sold = 1,000

Therefore, we have:

Share of LF in the Lump-sum cost = (Units of LF acquired / (Units of LF acquired + Units of 1B acquired)) * Lump-sum cost = (3,000 / (3,000 + 7,000)) * $100,000 = $30,000

LF cost per unit = Share of LF in the Lump-sum cost / Units of LF acquired = $30,000 / 3,000 = $10

LF total revenue = Unit of LF sold * LF price per unit = 1,000 * $30 = $30,000

LF cost of goods sold = Unit of LF sold * LF cost per unit = 1,000 * $10 = $10,000

LF gross profit = LF total revenue - LF cost of goods sold = $30,000 - $10,000 = $20,000

Therefore, the amount of gross profit Turner Corporation should recognize is $20,000.

3 0
3 years ago
________ is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings t
svp [43]

Answer:

The given option "Marketing" is the right choice.

Explanation:

  • Marketing seems to be focused on thought about either the market regarding consumer expectations as well as satisfaction with them.
  • It is different from selling, although selling is concerned with either the methods or strategies of convincing investors to exchange some currency for a certain commodity.

Some other options in question are not connected to something like the given scenario. And the above will be a good alternative.

5 0
3 years ago
Macroeconomics studies all of the following EXCEPT which one?
KatRina [158]
D. why a specific consumer made a specific choice
6 0
3 years ago
The activities in a firm that try to identify customer needs and focus the flow of goods or services in the firm in order to mee
allochka39001 [22]

The activities in a firm that try to identify customer needs and focus the flow of goods or services in the firm in order to meet those needs is called : Marketing

<h3>What is marketing?</h3>

Marketing refers to the process whereby firms promote and sell product or services.

Marketing involves creating awareness to determine if there are sufficient number of people with a significant income to be able to purchase the goods one wishes to sell.

Marketing includes but not limited to :

  • Market research
  • Product development
  • Distribution method
  • Advertising
  • Sales

Therefore, the activities in a firm that try to identify customer needs and focus the flow of goods or services in the firm in order to meet those needs is called Marketing.

Learn more about marketing here : https://brainly.ph/question/2184594

8 0
2 years ago
Who wants freee points
ivolga24 [154]

Answer:

Me!!!!!!!!!!!!!!

Explanation:

Thanks for the pts

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4 0
3 years ago
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