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andrey2020 [161]
3 years ago
11

The burden of a tax is shared by producers and consumers. Under what conditions will consumers pay most of the​ tax? Under what

conditions will producers pay most of​ it? A. It depends on who is legally obligated to pay the tax. Typically consumers are required to pay the tax and therefore bear most of the burden. B. If demand is relatively more elastic than​ supply, consumers will pay more of the tax. C. If demand is relatively less elastic than​ supply, consumers will pay more of the tax. D. It depends on who is legally obligated to pay the tax. Typically producers are required to pay the tax and therefore bear most of the burden
Business
1 answer:
juin [17]3 years ago
5 0

Answer:

The correct answer is option C.

Explanation:

Imposition of tax causes the market equilibrium price to increase. This creates a tax wedge by increasing the price paid by the buyer and reducing the price received by the seller.

So the burden of tax is shared by both buyers and sellers. Who will share most of the burden depends on their elasticity.

If the demand is more inelastic, consumers will share most of the burden. If the supply is more inelastic, producers will bear most of the burden.

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Item 15Item 15If Beck's Bicycles, Inc.'s income statement shows gross profit of $350 million, with operating expenses of $120 mi
Alinara [238K]

Answer:

$161 million

Explanation:

Given that,

Gross profit = $350 million

Operating expenses = $120 million

Tax rate = 30%

First, we need to find out the income before taxes by subtracting operating expenses from the gross profit then we are able to determine net income after taxes.

Income before tax:

= Gross profit - Operating expenses

= $350 million - $120 million

= $230 million

Net income after taxes:

= Income before tax - Taxes

= $230 million - (0.30 × $230 million)

= $230 million - $69 million

= $161 million

8 0
3 years ago
A_____represents a long-term debt obligation issued by a corporation or a government.
nirvana33 [79]

A <u>bond</u> represents a long-term debt obligation issued by a corporation or a government.

Debt obligation method a responsibility to make a repayment of cash to any other man or woman, inclusive of debts payable and the responsibilities springing up beneath promissory notes, payments of trade, and bonds;

A collateralized debt responsibility is a sort of based asset-backed safety. at the beginning advanced as contraptions for the company debt markets but after 2002 CDOs have become cars for refinancing mortgage-backed securities.

Month-to-month Debt obligations approach a purchaser's housing charges, along with month-to-month rent or mortgage fee, and required payments below any debt obligations (which includes the patron's month-to-month charge below the mortgage and insurance for the vehicle to be acquired under the mortgage).

Learn more about debt obligation here: brainly.com/question/24157864

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4 0
2 years ago
In an advertising plan, the ____ is the section in which the client and the agency lay out the key factors that define the curre
antoniya [11.8K]
<span>In an advertising plan, the "situation analysis" is the section in which.........
</span>

An advertising plan refers to an advancement outline that, when taken after, gives the heading to organizations and organizations to support deals, make mindfulness in the market, and draw in with an altogether new client base. An advertising plan will guarantee that your organization's cash will be spent sensibly and will achieve the greater part of the correct target crowds.
5 0
3 years ago
The effort of one good coworker can offen motivate others to reach their potential through a process called
Semmy [17]

I say the answer is B but i might be wrong

5 0
3 years ago
Read 2 more answers
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation
Zolol [24]

Answer:

Tv = 1772

Remote = 144

Installation = 144

Explanation:

To calculate stand-alone selling price we need to calculate the percentage of Fair market value first and then allocate the Entire package price in the products according to the percentage of fair market value.

Percentage of the fair market value of each product

Product             Fair Value               Percentage

TV                         $1830                      86%    

Remote                 $140                        7%

Installation            $140                         7%

Total                      $2,110                      100%

Stand-alone selling price

Product            % of fair market value            Stand-alone selling price

TV                                    86%                                   1772

Remote                             7%                                     144

Installation                       7%                                      144

Total                               100%                                   2,060                              

7 0
3 years ago
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