The correct option is: For each unit of the good that is sold, buyers bear <u>one-half of the tax burden and sellers bear one-half of the tax burden.</u>
<u>Explanation</u>:
Incidence of tax is a term referred in economics which deals with division of taxes. Tax incidence refers to division of tax among the buyer and seller for a product. The tax incidence is related to the price elasticity of supply and demand.
When a product is sold, the buyer of the product is charged with one-half of the tax burden and the seller of the product bears the other-half of the tax burden.
The incidence of tax can be observed in two ways:
i) Formal incidence
ii) Effective incidence
Does it matter that the helicopter company <em>performed its obligation</em> under the contract?
- Yes, it does matter because they had a legally binding agreement.
<h3>What is a Contractual Agreement?</h3>
This refers to the legally binding document which two parties attest their signature to about an agreement for a particular thing with the terms clearly stated.
With this in mind, we can see that Claire who was involved in a car accident needs to go to a hospital in another state for better treatment for her injuries and she signs a contractual agreement that she would pay for the helicopter expenses.
In light of this, the argument which Claire can make to rescind the agreement is that her life was in danger and she needed the services of the helicopter company which had her Universal Right to Life.
Read more about contractual agreements here:
brainly.com/question/984979
Answer:
The journal entry is :
Debit : Work In Process $21,000
Credit : Direct Labor Cost $18,000
Credit : Indirect Labor Cost $3,000
Explanation:
The Work In Process Account is used to accumulate the manufacturing costs during the production period. Debit this Account with any costs incurred in manufacturing to show increase in the Product Cost and Credit the respective labor accounts to show decrease or utilization of these accounts. Note the remainder of costs of $18,000 goes to direct labor.
Answer:
The answer is <u>$500</u>
Explanation:
a: 1,000,000 the amount of the loan
r: 0.06 (6% expressed as 0.06)
n: 120 (based on monthly payments * 10 years)
monthly payment = (amount * r )/ 12
monthly payment = ($1,000,000* 0.06) /120 = <u>$500</u>
The way that Younger asks Zoey about buying her fishing rods
is considered to be an offer that is not valid or referred to be as invalid
because the way she offers her fishing rod is not definite or specific.