1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Strike441 [17]
3 years ago
15

Suppose sellers of liquor are required to send $5.00 to the government for every bottle of liquor they sell. Further, suppose th

is tax causes the price paid by buyers of liquor to rise by $3.00 per bottle. Which of the following statements is correct?
a. The effective price received by sellers is $5.00 per bottle less than it was before the tax.b. Forty percent of the burden of the tax falls on buyers.c. This tax causes the supply curve for liquor to shift upward by $5.00 at each quantity of liquor.d. All of the above are correct
Business
1 answer:
RUDIKE [14]3 years ago
5 0

Answer:

c. This tax causes the supply curve for liquor to shift upward by $5.00 at each quantity of liquor

Explanation:

Before the taxes maybe, there was a supplier willing to offer 1 dollar or 3 dollar per liquor, as now it is forced to give 5 to the government it will increase the price by $5 then to go back to the normal scenario before taxation.

The fact that the price only rise $3 instead of $5 represent the demand adjusting and decreasing to a lower level.

You might be interested in
Sunland Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning
pantera1 [17]

Answer:

Sunland Co.

The calculation of the cost ratio should be based on cost and retail of $1,581,000 and $2,288,500 respectively.

Explanation:

a) Data and Calculations:

                                                 Cost            Retail      Cost to Retail Ratio

Beginning inventory           $ 318,000      $494,000

Purchases                           1,240,000      1,720,000

Freight-in                                23,000             —

Employee discounts                     —               8,500

Net markups                                 —             66,000

Goods available for sale $1,581,000    $2,288,500      69.08%

Less:

Net markdowns                           —              86,000

Sales revenue                              —         1,620,000

Estimated ending Inventory at retail      $582,500

Estimated ending Inventory

at cost                              $402,391 ($582,500 * 69.08%)

Calculation of the cost ratio = $1,581,000/$2,288,500 * 100 = 69.08%

3 0
2 years ago
The control systems used in international firms include: personal, bureaucratic, output and Blank______.
Taya2010 [7]

The control systems used in international firms are;

  • personal
  • bureaucratic
  • output
  • Scientific

<h3>What is the control system?</h3>

A control system serves as set of mechanical or personal devices that are used in regulating other other devices or systems.

In international firms this control system helps to monitor the ethics, standards that are required by the international firm in relation with other firms across the globe.

Learn more about control system at;

brainly.com/question/14364696

6 0
2 years ago
Companies that use a two-tier forecasting system first cluster (or "roll up") several similar services or products in a process
Lera25 [3.4K]

Answer:

The answer is D) aggregation

Explanation:

An aggregate forecast addresses a company's capacity requirements

5 0
3 years ago
What is the risk you are taking when investing in bonds? How can you minimize this risk?
viva [34]

Answer:

Risk: The bonds you own will decline if interest rates rise, interest rate risk.

Minimalize:

- Don't buy bonds when interest rates are low or rising. Buy when stable.

- Stick to short term issues (3 - 5 years)

- Buy bond with different maturity dates

Explanation:

Good luck <3

3 0
3 years ago
There are several reasons why the petty cash fund would experience a shortage or an overage. Determine which of the actions belo
alexdok [17]

Answer: A, C, D

Explanation:

4 0
3 years ago
Other questions:
  • What's a good way to start this?. . Use a graph to show the impact on the price of Japanese cars sold in the United States if th
    10·1 answer
  • (Last Word) From 2006-2010, the federal government paid $600 million in retirement benefits to deceased federal employees, with
    8·1 answer
  • If the Fed purchases $50,000 in T-bills from a bank, by how much will the bank's excess reserves increase: a) by $50,000. b) by
    14·1 answer
  • Assume BarnesandNoble.com has 289 business math texts in inventory. During one month, the online bookstore ordered and received
    10·1 answer
  • The Big Black Bird Company​ (BBBC) has a large order for special​ plastic-lined military uniforms to be used in an urgent milita
    11·1 answer
  • Anyone wan na talk?????
    6·1 answer
  • Who here plays 7ds grandcross
    12·1 answer
  • An investor is considering an investment that will pay $2,150 at the end of each year for the next 10 years. He expects to earn
    15·1 answer
  • There was a traffic accident on your usual route to work this morning, so you decide to get off the freeway and drive the rest o
    10·1 answer
  • Most insurance companies will waive surrender charges in the event EXCEPT:
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!