Answer:
(g) Between 0 and -S7.5k because residents can substitute to other products
Explanation:
Data given in the question
Increase in price of typical soda = 10 cents
Total consumed = 150,000 sodas [er day
Dropped quantity = 75,000 sodas
So by considering the above information, the per day compensating variation of the tax varies from 0 and - 7,500
Since the sugar sweetened sodas is treated as a normal goods. Moreover, people can substitute the other goods also if there is an increase in a price of the good
The -7,500 is come from = (-75,000 × 0.10)
The options are as follows
(a) Greater than -$15k because soda is a luxury good with income (b) -$15k because that is the old consumption level times the value of the tax (c) Between -S7.5k and -$15k because soda is a luxury good elasticity > 1 with income elasticity >1 (d) Between -$7.5k arti -$15k because residents can substitute to other products (e) -$7.5k because that is the new consumption level times the value of the tax ()-$7.5k because that is the change in consumption times the value of the tax (g) Between 0 and -S7.5k because residents can substitute to other products (h) Between 0 and -$7.5k because because beverages are typically necessity goods with 6) Nothing because there was no effect on income G) It is impossible to say without knowing consumers' marginal rate of substitution income elasticity less than 1
Answer: Measurement and presentation of financial performance
Explanation: The two primary functions of financial accounting are measurement and presentation of financial performance.
The measurement function is performed by following accounting procedures and policies under US GAAP and IFRS.
Whereas, presentation function relates to preparation of financial statements like income statement and cash flow statement.
The blank will be filled by services.
<h3>What do you mean by services?</h3>
Services are intangible activities or advantages that a business offers to meet customers' demands in exchange for cash or other valuables.
<h3>Which should be fill in blank?</h3>
There may be a great deal of interaction between a service provider and a consumer in which they co-create value together. In such situations, the customer perceives a high degree of Blank services between the service provider and the company he or she represents.
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Answer:
The tax consequences of the distribution to Montclair in 20X3 would be a $150,000 gain recognized and a reduction in E&P of $175,000.
Explanation:
The distribution company distinguishes profit on the distribution, which is included in E&P netting of tax and decreases E&P by rhe lands fair market value fewer the liability believed by the shareholders.
Therefore, The tax consequences of the distribution to Montclair in 20X3 would be a $150,000 gain recognized and a reduction in E&P of $175,000.
It's how organized you are in a group and/or individual setting.
