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3 years ago

Suppose a tax of $1 per unit is imposed on a good. The more elastic the supply of the good, other things equal:

Business

1 answer:

AlladinOne [14]3 years ago

3 0

Answer:

c. the larger is the deadweight loss of the tax.

Explanation:

Supply is elastic if a small change in price has a greater effect on quantity supplied.

If a tax is imposed, and supply in elastic, the quantity supplied would fall.

Deadweight loss is when quantity supplied reduces as a result of tax.

If supply is elastic, the larger is the deadweight loss of the tax.

I hope my answer helps you

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ABC, Inc. discounts a 5%, 9-month, $1,000 note with a financial institution after holding the note for 3 months. The note was re

Gnoma [55]

Answer:

interest receivable 12.50 debit

interest revenue 12.50 credit

--adjusting entry for the interest accrued--

interest expense 11.31 debit

cash 1,001.19 debit

note receivable 1,000.00 credit

interest receivable 12.50 credit

--to record early discount of the note--

Explanation:

We are going to write-off the note and check for the interest expense:

book value of the note:

principal + interest accrued

principal x rate x time = interest

1,000 x 0.05 x 3 months/12 month a year = 12.50

we had interest receivable for 12.50

1,000 + 12.5 = 1,012.5 we receive 1,001.19

interest expense: 11.31

We are following this process to avoid compensate balance as is the company earned interest during those three months and then it pay interest to get cash earlier.

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3 years ago

if you gain acceptance to and must choose between two of your first choice colleges , what type of conflict are you facing?

34kurt

I think the answer would be Opportunity cost

3 0

3 years ago

Read 2 more answers

the emergent strategies are those strategies adopted in light of a thorough analysis of both external and internal environment o

wolverine [178]

The statement "The emergent strategies are those strategies adopted in light of a thorough analysis of both external and internal environment only" is: True

Emergent strategies are those measures which are taken to ensure that a company grows and is successful even when there is no particular set aims or goals.

However, the statement that an emergent strategy can only exist in only an internal and external environment is true.

This is because these internal and external factors are why the strategies are in place to make sure that there is a realized goal in the company and that continuity is ensured.

Please note that an internal environment is one that has a direct impact on the company,while external environment does not directly impact the company

Therefore, the correct answer is true

Read more here:

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2 years ago

Superior Printing, Inc. has provided you with its bank statement and Cash T-account for the month of June. The Controller has as

Anvisha [2.4K]

Explanation:

Bank Reconciliation: The Bank reconciliation deals with the balance of the bank statement and the balance of the cash statement. The aim is to compare those two statements to allow the organization to run smoothly.

There are various transactions because of which the balance of the bank statement and the balance of the cash statement do not match We change the transactions accordingly to match those statements

The preparation of the bank reconciliation statement for the month of June is presented in the spreadsheet. Kindly find the attachment below:

The outstanding checks is

= $770 + $4,600

= $5,670

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3 years ago

If the cross-price elasticity of demand for two goods is 0.88, then the two goods are?

krek1111 [17]

The two goods are substitutes.

Cross Elasticity

The cross elasticity of demand, also known as the cross-price elasticity of demand, is a measure in economics that compares the percentage change in the quantity desired for one commodity to the percentage change in the price of another good, everything else being equal.

To learn more about Cross Elasticity

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2 years ago