Answer:
The correct answer is option ii.
Explanation:
In the case of imposition of tax on a good, the suppliers will bear the greater share of burden if the demand is more elastic than the supply.
The imposition of tax leads to an increase in the price of the product. If the demand is more elastic, the quantity demanded will decrease to a greater extent with the increase in price.
The supply being less elastic will change to a smaller extent, thus a greater tax burden will be borne by the suppliers.
The underground economy refers to used product sellers who sell in secondary markets. It is thought to make up 3-30% of the US gross national product.
Explanation:
Household production refers to goods and services people produce for themselves.
Underground economy refers to buying and selling of goods and services that are concealed from the government to avoid taxes or regulations or because the goods and services are illegal.
If you know how much the economy works for a brief time, it doesn't matter.
If one knows how goods and services are produced for a decade or further, it might be more important to omit domestic production and development in the underground economy.
Answer:
Amount of depreciation expense =$5,250
Explanation:
Under the straight line method the same amount is charged as depreciation expense over the estimated useful life of the asset
Initial depreciation = cost - salvage value /number of years
= (25,000 -5000)/5
= 4000 per year
Accumulated depreciation for 4 years= 4000× 3 = 12,000
Revised depreciation = (25,000 -12,000 - 2500)/2
=$5250 per year
Amount of depreciation expense for year 4 =$5250
<span>As far as I remember, value-added network or VAN is t</span>hird-party business that provides networking services such as EDI services, storage, or email. VAN is needed to simplify the communications process between company and its partners or clients by reducing the number of contacts that company doesn't need to communicate.
