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3 years ago

Suppose that a tax is placed on books. if the sellers pay the majority of the tax, then we know that the

1 answer:

4 0

If the sellers pay the majority of the tax, then the supply is more inelastic than demand.

If something is inelastic it is not sensitive to changes in the price or income of someone. The sellers will always have more of the tax burden when supply is more inelastic than demand and vis versa when demand is more inelastic than supply.

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Assume a firm is a monopoly and enjoys $10 million profits per year. The firm lobbies to have a moratorium passed by Congress o

shtirl [24]

Answer: A. $250 million

Explanation:

The firm is a Monopoly and is lobbying Congress to remain that way. As a monopoly it makes $10 million a year and wants to remain a monopoly for the next 25 years.

Assuming there is no discount rate which means that the value of money stays the same over the 25 years, if they succeed in Congress, they have a chance to make a total profit of,

= 10 million * 25 years

= $250 million

If the maximum amount the firm can make if the lobbying is successful is $250 million, this is the maximum they will pay to lobby for a deterrence to entry. If they pay any amount more than $250 million, they will be making a loss and therefore it would make no sense to spend that amount of the lobbying.

4 0

3 years ago

Which of the following is not a source of income?

attashe74 [19]

Answer:

Explanation:

B.)Your annual salary for doing your job.

7 0

2 years ago

diamong [38]

Answer: please refer to the explanation section for journals and notes

Explanation:

1 April

DR Inventory 23000

CR Trade Payable 23000

inventory is purchased on Free on Board Shipping terms, risks and Ownership of inventory transfers to Kerber Co the moment Wilkes company ships the inventory. inventory must be recognised

6 April

DR Freight costs 900

CR Bank 900

DR Inventory 900

CR Freight costs 900

Kerber Co Paid Freight costs of $900. There are two events happening in this transaction being the payment of freight costs and the capitalisation of freight costs. Freight costs are capitalised (included in the value of inventory) as they are costs necessary to get the inventory in to the premises of the customer (Kerber Co).

7 April

DR Equipment 26000

CR Creditor/Liability 26000

Kerber Co purchase inventory on credit. equipment is debited because Equipment is an asset and liability is credited.

8 April

DR Trade Payable 3000

CR inventory 3000

Damaged inventory returned will decrease inventory balance and also decrease the amount owed to the creditor (Wilkes Company) . Trade Payable account is Debited and inventory account is credited to record the decrease in inventory and amount payable

15 April

DR Trade Payable 20000

CR Bank 20000

23000 - 3000 = 20 000

recording payment made to the Creditor for inventory purchased or settlement of the trade payable account

5 0

2 years ago

Which domain suffixes do businesses that sell products and services commonly use? Check all that apply.

miskamm [114]

I'm pretty sure that people that do businesses and sell products and have services usually use .com and .org.

8 0

3 years ago

Read 2 more answers

2. At which inventory level is operations management considered to be doing an excellent job? A. Above the minimum level B. Abso

BigorU [14]

I would say D. because that is what they want

4 0

3 years ago