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
Evgesh-ka [11]
4 years ago
9

What determines how the burden of tax is divided between buyers and sellers? Why?

Business
2 answers:
Artemon [7]4 years ago
6 0

Answer:

Explanation:

Taxation is the means by which the government  gets most of its  revenue so it is the duties of private or publicly owned organizations and also the citizen to pay their taxes used by the government to fund all its projects. the taxes generated by the government are then divided among buyers and sellers.

The elasticity of demand is the main determinant of how burden of tax is divided between buyers and sellers.

velikii [3]4 years ago
6 0

Answer:

The elasticity of demand and the elasticity of supply decides how the tax burden is divided among the supplier and the customer.

Explanation:

Elasticity refers to how sensitive the demand or the supply is comparatively to relative changes in the price. This is the major factor that decides the change in the demand and supply once the price increases as a result of the taxes.

You might be interested in
Lazar Corporation is evaluating a proposal to invest in a machine costing $89,000. The machine has an estimated useful life of t
tatuchka [14]

Answer:

Option D is correct

Expected rate of return = 18.6%

Explanation:

The expected rate of return is the proportion of average investment that is earned as income . It is calculated as follows:

Rate of return on investment = average return / Average investment

Average investment = (Initial cost + salvage value)/ 2

Average investment = 89,000 +14,000/ 2= 51500

Net income = $9,600

Expected rate of return =  9,600/51,500×  100

                               = 18.6%

6 0
3 years ago
Steve purchases some land for $30,000. He maintains it, but makes no improvements to it. One year later he sells it for $32,000.
Neporo4naja [7]

Answer:1. The higher before tax real gain is for Steve for $2000 i.e (32,000- 30,000) while Stephanie makes $1800(6% of $30,000)

2. The higher after tax real gain is for Stephanie losing 35% of her income

which reduce her income to $1170 while Steve loss 50% of his income which reduce to $1000.

Explanation

The inflation rate is not considered in the calculation because it's constant for both parties.

4 0
3 years ago
Of the principles that can be used to derive control requirements and help make implementation decisions, which principle functi
Serhud [2]

Answer:

b.accountability principle

Explanation:

Accountability principle states that a person should be responsible for their actions, products, decisions, and policies in administration and governance.

It is answerability, blameworthiness, liability, and the responsibility to give account of actions within one's jurisdiction. It entails taking ownership of consequences of one's actions.

In internal control accountability acts as a deterrent for noncompliance to laid down procedures, as each person is answerable for his failing in implementing organisation policies.

5 0
4 years ago
Once the plan baseline has been approved and the project is underway, project teams deal with change by establishing and using a
IgorLugansk [536]

Answer:

A) True

Explanation:

A project's baseline plan refers to the project's plan starting point. It will serve as the reference point where you can measure the project's progress. Any proposed change to the project must be evaluated using the established change control system. The change control system is not a standard control tool and should be unique to the project based on the project's scope and budget. Changes that negatively affect the project's scope, budget and the schedule should be rejected.

6 0
4 years ago
April fools day began many years ago in france. what event started it
serious [3.7K]
<span> <span>It is believed that the tradition of celebrating April fools' day began approximately in the mid sixteenth century when France (upon the directive of Pope Gregory XIII) abandoned the Julian calendar in favor of the Gregorian calendar. Use of this new calendar meant that the new year would now begin on the first day of January as opposed to the first day of April. Those who did not catch this news in time went on celebrating the beginning of the new year on April 1st and as such they were ridiculed  and made the laughing stock on this account. These people would henceforth be referred to as 'April fools'.</span></span>
5 0
3 years ago
Other questions:
  • Mendel crossed yellow-seeded and green-seeded pea plants and then allowed the offspring to self-pollinate to produce an F2 gener
    12·1 answer
  • How can dishonest behavior affect your career
    13·2 answers
  • A _________ approach actually schedules, in detail, each resource using the setup and runtime required for each order.
    14·1 answer
  • Landon Corporation was organized on January 2, 2014, with the investment of $120,000 by each of its two stockholders. Net income
    11·1 answer
  • Decreases in the money supply affect the economy indirectly because A. interest rates decrease causing planned investment to inc
    9·1 answer
  • One of the unexpected drawback of starting your own business is
    12·2 answers
  • Dividends received for equity securities in which the investor lacks the ability to participate in the decisions of the investee
    9·1 answer
  • *The best answer will receive brainliest, I will friend you, and I will like all of the questions you've asked or answered.
    8·1 answer
  • Accountants consider only explicit costs when measuring accounting profit. Accountants ignore implicit costs because
    5·1 answer
  • 1. Did any Enron employees act Unethical in any manner? If so, give specific<br> examples.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!