She go back and get a degree in B Database Admin
Answer:
Option B is the correct one.
Increase Decrease Increase
Answer:
B) the consumers generally pay the majority of the tax.
Explanation:
Unit Excise is an indirect tax ; whose incidence & impact lie on different people and the burden can be shifted among buyers & sellers.
The economic participant (buyers / sellers) having more inelastic market force (demand / supply) shares more burden of the tax. More burden of Indirect tax: lies on buyers if demand is more inelastic (less responsive to price) , lies on sellers if supply is more inelastic (less responsive to price).
So, if Unit Excise tax is placed on a good for which demand is very unresponsive to price change (inelastic) : Consumers (buyers) generally pay the majority of the tax.
Answer:
bad debt expense 18,000
Explanation:
bad debt 1% of credit sales:
180,000 x 1% = 18,000
When the adjustment is made base on sales, the current balance in the allowance for doubtful debts is irrelevant.
So no calculation is needed for those.