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3 years ago

When a tax is imposed on a good for which the supply is relatively elastic and the demand is relatively inelastic,

Business

1 answer:

kondaur [170]3 years ago

4 0

Answer:

a. buyers of the good will bear most of the burden of the tax.

Explanation:

When a tax is imposed on a good for which the supply is relatively elastic and the demand is relatively inelastic, buyers or consumers of the good will bear most of the burden of the tax.

However, when tax is imposed on a good whose supply is relatively inelastic and the demand for the goods is relatively elastic, the producers or sellers would be responsible for the tax burden of the goods.

Generally, tax revenues are larger with respect to the inelasticity of demand and supply.

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The demographic, economic, natural, technological, political, and cultural forces that affect a company's ability to serve its c

JulsSmile [24]

Answer:

Macro-environment

Explanation:

Macro-environment is a factor which exists in the overall economy, and it affects the whole economy. It is relatively more damaging compared to micro-environment because micro-environment affects individuals. The above scenario is referring to macro-environment because political, cultural, technological are forces which affect the whole economy.

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2 years ago

Countries establish internal economic zones in order to limit foreign investment. make solving disputes easier. have fewer econo

tigry1 [53]

Answer:

C) have fewer economic restrictions

Explanation:

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3 years ago

Read 2 more answers

Pember Corporation started business in 2007 by issuing 200,000 shares of $20 par common stock for $36 each. In 2012, 30,000 of t

Anni [7]

Answer:

d. $240,000.

Explanation:

The computation of the amount of paid-in capital from treasury stock is calculated by applying the formula which is shown below:

= Number of shares × (Market price per share - purchase price per share)

= 30,000 shares × ($60 per share - $52 per share)

= 30,000 × $8 per share

= $240,000

The other items which are mentioned in the question are irrelevant. Therefore, it is not to be considered in the computation part.

5 0

2 years ago

The partnership of Frick, Wilson, and Clarke has elected to cease all operations and liquidate its business property. A balance

Charra [1.4K]

Answer:

PART A:

For preparing the predistribution plan we first caluclate the order of partnership elimination based on their capital accounts and the profit sharing ratio.

The lowest capital contributor is eliminated first and so on. Which is attached in figure 1

Then we prepared the predistribution plan which is attached in figure 2

PART B

The statement is attached in figure 3

6 0

3 years ago

2. An A firm has sales of $10 million, variable costs of $4 million, fixed expenses of $1.5 million, interest costs of $2 millio

tankabanditka [31]

Answer:

A) DOL = 1.33 times; DFL = 1.80 times; and DCL = 2.4 times

B) Next years expected Earnings before interest and tax = $5.5 million; and Net years expected net income = $2.45 million

C) Next years expected Earnings before interest and tax = $2.5 million; and Net years expected net income = $0.35 million

Explanation:

Note: This platform did allow the explanation to be saved here as it was claiming it contains swearwords. Please, see the attached pdf file for the full answer and explanation.

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6 0

2 years ago