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Veronika [31]
3 years ago
11

Which of the following is not correct? a. A tax places a wedge between the price that buyers pay and the price that sellers rece

ive. b. In the new after-tax equilibrium, buyers and sellers share the burden of the tax. c. The wedge between the buyers’ price and the sellers’ price is the same, regardless of whether the tax is levied on buyers or sellers. d. Taxes levied on sellers and taxes levied on buyers are not equivalent.
Business
1 answer:
Gnom [1K]3 years ago
3 0

Answer:

D) Taxes levied on sellers and taxes levied on buyers are not equivalent.

Explanation:

Whether a tax is levied on the buyer or the seller of the good doesn't matter because they both place a wedge between the price that buyers pay and the price that sellers receive. And that difference will be the same regardless of who is responsible for paying the taxes. E.g. a sales tax is paid by the buyer, but the difference between the money paid and the money received would be the same if the tax was paid by the seller instread.

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Individuals have to choose whether to save or invest since it is not recommended to do both
Kisachek [45]
False. Investing is sometimes considered a form of saving money people use other than savings accounts

7 0
3 years ago
Read 2 more answers
The Baldwin Company currently has the following balances on their balance sheet: Total Assets $256,555 Total Liabilities $149,32
algol [13]

Answer: $80,242

Explanation:

Common stock = Assets - Liabilities - Retained earnings

Assets next year = 256,555 + 55,000

= $311,555

Liabilities remain unchanged.

Retained earnings

= Opening retained earnings + Net income - dividends

= 49,793 + 44,200 - 12,000

= $‭81,993‬

Common stock next year;

= 311,555 - 149,320 - 81,993

= $80,242

8 0
2 years ago
The market mechanism:
anyanavicka [17]

Answer:

works because prices serve as a means of communication between consumers and producers.

Explanation:

Market mechanism is the money is used as a medium of exchange between buyers and sellers in a open system of value (market).

In the market mechanism consumers are interested in maximising utility, while sellers want to maximise profit.

Demand and supply mechanics works to properly allocate resources according to fluctuations in price.

So market mechanism is successful because price has become a means of communication between buyers and sellers in their mission to maximise utility and profit.

5 0
3 years ago
Ratchet Manufacturing anticipates total sales for August, September, and October of $200,000, $210,000, and $220,500 respectivel
Pavel [41]

Answer:

The amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000

Explanation:

For computing the account receivable balance for the august month, the following adjustment is required which is shown below:

= August sales × credit sale percentage

where,

August sale is $200,000

And, the credit sale percentage is 75% because 25% is cash sale and the remaining 75% is a credit sale

So,

the accounts receivable would be equals to

= $200,000 × 0.75

= $150,000

Hence, the amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000

4 0
3 years ago
Perez Company acquires an ore mine at a cost of $1,400,000. It incurs additional costs of $400,000 to access the mine, which is
Amiraneli [1.4K]

Answer:

total cost of mine  = $1,400,000 + $400,000 = $1,800,000

estimed number of tons of ore = 1,000,000

residual value of land at the end of the mine =  $200,000

depletion expenses  per ton of ore =  ($1,800,000 - $200,000)/1,000,000

                                                          =  $1,600,000/1,000,000

                                                          = $1.6/ton

total depletion expenses  for the first year =  Ddepletion expenses per ton x number of ton of ore produced

                                                                 =  $1.6 x 180,000  

                                                                 =   $288,000

Explanation:

3 0
3 years ago
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