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3 years ago

Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the:

Business

1 answer:

fenix001 [56]3 years ago

5 0

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.

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Marino company is currently selling 10,000 units of its product per month at $10.40 per unit for total monthly sales of $104,000

Bogdan [553]

The total income of the company will be 114.400$ after a month. Hence, to find the net operating income, we need to subtract from it the various costs. The cost per product is 4.20$. Hence, since we have that 10000+1000 products are sold (+1000 through ads), the total cost of these is 11000*4.20=46.200$. We also have that there is a fixed monthly cost of 10.400$ and a budget for advertisement of 4.400$. Hence, the total cost is 46.200+10400+4400=61000$. Now, we need to subtract this total cost from our income. NOI=114.400-61000=53.400$ where NOI stands for Net operating income.

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2 years ago

FreeSpirit is a global consumer products company. It manufactures a number of new products ranging from personal care to food an

Paul [167]

Answer: Prospector

Explanation: In simple words, a prospector refers to an individual or an entity that keeps exploring its environment for some personal goal. Usually these entities keeps continuous researching for innovation so that new products and practices could be developed.

In the given case, Free spirit keeps searching for new product development

and uses different platform for their promotional purposes.

Hence from the above we can conclude that it free spirit is a prospector.

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2 years ago

Thomas purchased 200 shares of stock A for $23 a share and sold them more than a year later for $ 19 per share. Be purchased 60

Delicious77 [7]

Answer:

Capital gain tax = $1,540.

Explanation:

As per the data given in the question,

For stocks of A

Profit = (selling price - purchasing price) × units

= ($19 - $23) × 200

= -$800

For stocks of B

Profit = ($57-$41) × 600

= $9,600

Total profit = profit for stock A + profit for stock B

= -$800 + $9,600

= $8,800

Therefore, capital gain for both year = $8,800

Tax rate = 35%

Capital gain tax = Capital gain × Tax rate

= $8,800 × 35%

=$3,080

As share holds for more than a year,

So, Capital gain tax = $3,080 ÷ 2 = $1,540.

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2 years ago

Complete the sentence below using a possessive pronoun. Those shoes aren't

ValentinkaMS [17]

Those shoes aren't mine

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3 years ago

Your grandfather put some money into an account for you on the day you were born. You are now 18 years old and are allowed to wi

raketka [301]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Value at 18= $4,909

Interest rate= 3%

To calculate the final value, we need to use the following formula:

FV= PV*(1+i)^n

A) Number of years= 7

FV= 4,909*(1.03^7)= $6,307.45

B) Number of years= 47

FV= 4,909*(1.03^47)= $19,694.39

C) Finally, we need to determine the original investment. We need to isolate the present value from the formula:

PV= FV/(1+i)^n

PV= 4,909/(1.03^18)

PV= $2,883.52

5 0

3 years ago