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3241004551 [841]
3 years ago
14

Tax incidence is the A. burden sellers have to absorb from a tax on goods and services. B. deadweight loss created by a tax. C.

burden buyers have to absorb from a tax on goods and services. D. lost revenue the government endures from goods and services that are not taxed. E. division of the burden of a tax between the buyer and the seller.
Business
1 answer:
dybincka [34]3 years ago
3 0

Answer:

E. Division of the burden of a tax between the buyer and the seller

Explanation:

Tax incidence is an economic term for the division of a tax burden between buyers and sellers. Tax incidence is related to the price elasticity of supply and demand. When supply is more elastic than demand, the tax burden falls on the buyers. If demand is more elastic than supply, producers will bear the cost of the tax.

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The profits will peak and decline.
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Eventually, the newer and better product will start to appear and the previous one will started to lose popularity and decline in profits.
8 0
3 years ago
Identify at least four different types of financial statement users and discuss why each would use the financial statements.
GarryVolchara [31]

Answer:

Government authorities :

They will use the financing statement to ensure the fairness of the business and to receive proper amount of tax.

Investors :

Current or potential investors would check financial statements to ensure they will suitable returns after investment.

Creditors :

They will check financial statements to make sure they get their due money back.

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8 0
2 years ago
Assume the equilibrium price for a good is $10. If the market price is $5, a:_____________
stellarik [79]

Answer:

c. Shortage will cause the price to rise toward $10

Explanation:

c. Shortage will cause the price to rise toward $10

The equilibrium price is $10 this any price below the equilibrium price will create a shortage in the market because at price lower than equilibrium price, the demand is greater than the supply. Thus, shortage will push the prices upwards or towards equilibrium price.

6 0
3 years ago
At the start of the current year, SBC Corp. purchased 25% of Sky Tech Inc. for $47 million. At the time of purchase, the carryin
cricket20 [7]

Answer:

$3

Explanation:

SBC Corp

($million)

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Therefore the total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is: $3

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3 years ago
What is everyone planning to do this summer?
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Answer:

read, relax, try to sleep in as long as I want, work out, and eat lol

have a good day :)

Explanation:

6 0
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