Indicate whether each of the following statements is true or false.

If the government removes a $4 tax on buyers of restaurant meals and imposes the same 4 tax on sellers of restaurant meals, then

Tanya [424]

Answer:

C. not change, and the price received by sellers will not change.

Explanation:

Because previously there was a tax of the same ammoutn nothing will change. The sellers will will transfer the tax into the price therefore, the after-tax proceeds will not change netiher the selling price. The same effect of the consumer tax will occur again, some or the entire tax will be pay for the seller or the consumer based on the elasticity of the supply and demand curve.

The effect of chaging the law will not alter the economic reality of translate taxes into consumers

4 0

3 years ago

Brian recently had to have minor surgery that cost him $3,000. He used the $2,300 remaining in his HSA but will pay the rest out

Gala2k [10]

Answer: Brian will have $700 dollars to pay the medical bill balance

Explanation: You already know your total is $3,000. Subtract 3,000 - 2,300, which will give you $700.00

4 0

2 years ago

bryan's company wanted to gain a greater market share on its bicycle products so it built in greater functionality to the bikes

Anarel [89]

Option (b) is the best choice. The part of value creation that Bryan's business is focused on is value.

<h3>What exactly does value creation entail?</h3>

Value creation is the process of transforming effort and resources into something that satisfies the needs of others. That includes things like people constructing something in a factory, farmers cultivating crops, and other intangible assets like computer code and original ideas.

<h3>What is the secret of value creation?</h3>

Without a grasp of the potential consumer and their business, value creation is impossible. Before engaging in prolonged conversation with a lead, salespeople should spend a significant amount of time investigating the lead.

Learn more about value creation: brainly.com/question/20741982

#SPJ4

5 0

8 months ago

During a management meeting, Lester, the CEO of Elite Office Equipment, reminded his management team of where the company wants

REY [17]

Answer: Vision statement

Explanation:

Vision statement is referred to as or known as an organization's road map, which tends to indicate what the organization believes to become and achieve by putting forth a well defined direction and route for the organization's growth. These statements usually undergo the minimal revisions throughout the lifetime of an organization, unlike the operational goals that might be revised on yearly basis.

7 0

3 years ago

In its 2021 income statement, Cohen Corp. reported depreciation of $3,700,000 and interest revenue on municipal obligations of $

ella [17]

Answer:

The correct answer is $300,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

First we calculate the difference in depreciation,

So, difference in depreciation = $5,500,000 - $3,700,000 = $1,800,000

As, Depreciation is for 3 years,

So, depreciation per year = $1,800,000 ÷ 3 = $600,000

Now, we can calculate the deferred income tax liability as follows:

Deferred income tax liability = $600,000 × 20% + $600,000 × 15% + $600,000 × 15%

= $120,000 + $90,000 + $90,000

= $300,000

5 0

3 years ago