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Zarrin [17]
3 years ago
5

An excise tax of $2 is placed on a jar of Honey. Honey producers end up bearing only $0.40 of the tax. The demand curve for hone

y is:a. elasticb. unitary elasticc. inelasticd. income elastic
Business
1 answer:
saw5 [17]3 years ago
3 0

Answer:

The correct answer is option c.

Explanation:

If the demand for a product is elastic the tax burden will be borne by the producer. This is because elastic demand means that an increase in the price will lead to a more than proportionate reduction in the quantity demanded. So with the imposition of a tax, the sellers will not increase the price as it is likely to reduce demand.

If the demand is inelastic, it means that an increase in price will lead to less than a proportionate decrease in the demand. In this situation, after the imposition of tax, the tax burden can be shared between producer and buyer.

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The two primary sets of people in the organization who affect an individual's job satisfaction are:
Finger [1]
<span>The two primary sets of people in the organization who affect an individual's job satisfaction are: s</span>upervisors and co-workers
8 0
3 years ago
Millner Corporation has provided the following data from its activity-based costing accounting system: Activity Cost Pool Total
ryzh [129]

Answer:

Activity rate = $176  per hour

Explanation:

<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.  </em>

<em>Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.  </em>

<em>Activity rate per driver is calculated as:  </em>

Activity overhead for the period / Total cost drivers for the period   Designing products activity cost pool= designing cost /product design hours

        = $1372,448/7,798 hours

       = $176  per hour

4 0
3 years ago
real-time Incorporated considers purchase of a new machine that cost $40,000 and requires an increase in net operating working c
Tems11 [23]

Answer: $42,000

Explanation:

The Net investment required is the total amount that a company needs to initiate a project or acquire an asset.

Net investment at time 0 = Cost of machine + increase in net operating capital

= 40,000 + 2,000

= $42,000

4 0
3 years ago
Reserve ratio was 15% at the balance sheet the whole commercial banking system rather than for a single
larisa [96]

Reserve ratio was 15% at the balance sheet the whole commercial banking system rather than for a single <u>lend out or invest.</u>

<h3>What is commercial banking ?</h3>

A financial institution that accepts deposits, provides checking account services, makes different loans, and provides fundamental financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses is referred to as a "commercial bank." Most people conduct their financial business at commercial banks.

Commercial banks generate revenue through making loans, including mortgages, vehicle loans, business loans, and personal loans, and charging interest on those loans. The money needed to fund these loans is provided by customer deposits to banks.

  • Commercial banks provide basic banking services, such as deposit accounts and loans, to individuals and small to medium-sized businesses.
  • Commercial banks profit from a range of fees as well as from the interest they get on loans.

To learn more about commercial banking  from the given link:

brainly.com/question/27793323

#SPJ4

5 0
2 years ago
Which of the following is NOT an example of the technical support that the International Monetary Fund (IMF) provides to governm
skad [1K]

Answer:

Halth support

Explanation:

IMF (International Monetary Fund), with its International Monetary Fund or more commonly known abbreviation, is an international organization that has duties such as following the global financial order, conducting audits and organizations on issues such as stock exchange, exchange rates, payment plans, as well as providing technical and financial support. To prevent the international trade from shrinking by giving credit to temporary (short-term) payment difficulties that may arise in the balance sheets of the European states; The World Bank was established to provide reconstruction of European states and to eliminate the inherent imbalances in the balance sheets by giving long-term investment loans.

The IMF mainly offers technical assistance and training in four areas:

- Monetary and financial policy (monetary policy tools, banking system supervision and restructuring, external management and operations, payment clearing systems, and central banks);

- Financial policy and management (tax and customs policy and management, budgeting, spending management, social security networking and internal and external debt management);

- Compilation, management, distribution and improvement of statistical data;

- Advice on economic and financial legislation.

6 0
4 years ago
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