$12,650.
$230,000 × 5.5%, or $12,650.
Answer:
The correct answer is the first option: Higher prices and higher total revenue from marijuana sales.
Explanation:
To begin with, the fact that the demand would be inelastic would implicate that no matter how much the price rises the variation in the amount of quantity demand would be minimun so that would means that if the price increases then the consumers will keep buying the product and that is why that the total revenue will increase overall. Moreover, if the supply of the product is totally elastic then that would means that the sellers would try to offer the product as much as they can and they would be influenced by the demand as well.
Answer:
D) Both A. and B. are true.
- A) The schedule provides no information as to whether Jurisdiction M's tax is horizontally equitable.
- B) Jurisdiction M's tax is vertically equitable.
Explanation:
When we are talking about horizontal equity of a tax, we are talking about how the tax base is measured and the ability that taxpayers have to pay the tax. There is nothing here about tax base or taxpayers' ability to pay.
On the other hand, vertical equity deals with the tax rate structure. In this case, the tax rate is progressive, meaning that it increases as the taxpayers' income increases. Progressive taxes are vertically equitable.
Answer:
Corporate policy
Explanation:
A corporate policy can be defined as a formal declaration of the guidlines, principles and procedures by which an organisation will function. It is established by either its board of directors or by a senior management policy committee.
Infused in corporate policy are the company's mission statement, objectives and the principles by which strategic decisions are to be made. It also forms the basis for measuring the performance of employees and also ensuring accountability at all levels of the organisation.
I think it would be D or C