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2 years ago

A tax:________.

Business

2 answers:

BARSIC [14]2 years ago

8 0

Answer:

Option B,raises the price buyers pay and lowers the price sellers receive, is correct

Explanation:

Tax levied on a product makes the commodity expensive as consumers would to have to pay more to own the product and inversely reduces the revenue of the seller as a portion of the amount received would be sent to tax authority as being tax received on their behalf on goods bought by the consumers.

Option A is wrong as is the opposite of true position because tax does not in anyway lower the price paid by buyer and does not increase the revenue of the seller.

topjm [15]2 years ago

6 0

Answer:

B) raises the price buyers pay and lowers the price sellers receive.

Explanation:

A tax can be defined as the compulsory levy by the government on the income of an individual or company and the goods and services. It is used to generate income in a country in order to finance the expenditures of the government.

Types of tax

• Income Tax: This is the compulsory levy by the government on the income of an individual.

•Corporate Tax: This is the levy paid by corporate organzation on their Profits.

•Sales Tax: It is levied on goods and services. This type of tax increases the price of a product thereby making buyers to pay more. The sellers receives lower prices because they will deduct tax from what the sellers have paid and pay to the government.

•Property Tax: It is levied on the value of land or property.

•Tariff: Tax paid on imported goods. It is used to discourage importation. An increase in import tariff leads to an increase in price of the Commodity thereby leading to decrease in quantity purchased.

There are three basic tax laws

1) Progressive tax

2) Regressive tax

3) Proportional tax.

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Like other limited liability companies, for federal jurisdictional purposes, Rodeo Productions LLC is most likely a citizen of

Shtirlitz [24]

There are different kinds of company that exist.

This is most likely a citizen of every state of which its members are citizens.

Limited liability company is often set up as a form of legal protection for shareholders and owners that hinders people from being held personally responsible for their company's debts or financial losses.

In some business structures, such as corporations and limited companies, firms are registered as a seperate legal bodies. States were members are citizen connote that evey shareholders are from one locality.

Learn more about Limited liability from

brainly.com/question/14023701

7 0

2 years ago

The supply curve represents ___________. A. the maximum price buyers are willing to pay to buy an extra unit of a good. B. the

matrenka [14]

Answer:

The answer is: C) The minimum price sellers are willing to accept to sell an extra unit of a good.

Explanation:

A normal supply curve should move upward from left to right. The expresses the Law of Supply: (given that all other factors remain without change) As the price of a product increases, the quantity supplied should also increase.

For example:

An ounce of gold costs right now $1,500 and 100 ounces of gold are being traded right now at that price. If a new buyer comes in and wants to buy the 101th ounce of gold, then following a normal supply curve, the new buyer would need to pay more for that extra ounce of gold, maybe $1,510.

What the supply curve shows us is that given a certain price Y, a company will be willing to sell X amount of goods. The more demand a product has (X + 1) > X, then the price Y will increase until a new balance is found.

8 0

2 years ago

The primary responsibility of the board of directors is to __________. Select one: A. oversee the affairs of the organization B.

Paladinen [302]

The primary responsibility of the board of directors is to (D) make daily operational decisions.(The main responsibility of a Board of Director is to make day-to-day management decisions. )

Explanation:

The main responsibility of a Board of Director is to make day-to-day management decisions. The primary purpose of the board of directors is to safeguard the shareholders interest by maintaining detached, impartial oversight on management.

Some of the duties of Board Members are:

To develop the Organization's Mission and Purpose.
Another important duty is to Monitor and Manage Financial Resources.
To Recruit New Board Members.
To Spread positive word of mouth about t the Organization.

So we can Say that The primary responsibility of the board of directors is to (D) make daily operational decisions

4 0

2 years ago

What determines the value of an item?

galina1969 [7]

The value of item is determined by its utility to the person who is purchasing it. If an item has high utility, then consumers are willing to pay more and will value the product more. If an item has low utility, it will not be very valuable to the person. People value items differently. the old saying that one's man's trash is another's treasure holds true here.

7 0

2 years ago

Television is different from film in that

Dmitry_Shevchenko [17]

Answer: The correct answer is "all answers correct".

Explanation: The television contains images of lower quality than the films since the films are made individually with the aim of creating an experience of cinematographic entertainment totally different from that offered by television.

6 0

3 years ago