DeBeers is an example of a government monopoly. True or False?

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

saw5 [17]

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.

3 0

3 years ago

On January 1, 2017, Dawson, Incorporated, paid $100,000 for a 30% interest in Sacco Corporation. This investee had assets with a

aalyn [17]

Answer:

The amount allocated to goodwill at January 1, 2017, is: $16,000

Explanation:

We talk of goodwill when a company acquires another one and is the difference between the cost to purchase the business minus the fair market value of the tangible assets netted the liabilities.

In this case the fair value of the assets is:

Assets $550,000 + $40,000 - $10,000= $580,000

The book value of the assets is corrected with the fair value, in this case we correct the value of the patent.

Liabilities $300,000

porcentage acquired 30%

price paid $100,000

$100,000 - ((580,000-300,000)*30%) = $16,000

5 0

3 years ago

He gross domestic product (gdp) of the united states is defined as the

Mashcka [7]

The worlds most largest national economy in nominal terms. Is the second largest in purchasing power parity (ppp).
representing 22 percent of nominal global gpd and 17 percent of gross world product (gwd)

5 0

3 years ago

The following selected transactions were taken from the records of Rustic Tables Company for the year ending December 31: June 8

Soloha48 [4]

Answer:

The journal entries for all transactions are as follows;

Explanation:

June 8. Bad Debts Expense Dr.$8,440

Accounts-Receivable-Kathy Quantel Cr.$8,440

Aug 14. Bank Dr.$3,000

Bad Debt Expense Dr. $9,500

Accounts Receivable-Rosalie Oakes Cr.$12,500

Oct 16. Accounts-Receivable-Kathy Quantel Dr.$8,440

Bad Debts Expense Cr. $ 8,440

Cash Dr. $8,440

Accounts-Receivable-Kathy Quantel Cr.$8,440

Dec 31. Bad debt Expense Dr. 24,955

Account Receivable-Wade Dolan Cr.$4,600

A/R-Greg Gagne Cr.$3,600

A/R-Amber Kisko Cr.$7,150

A/R- Shannon Poole Cr.$2,975

A/R-Niki Spence Cr.$6,630

6 0

3 years ago

The payment made each period on an amortized loan is constant, and it consists of some interest and some principal. The closer w

qaws [65]

Answer:

The correct answer is False.

Explanation:

The amortization operation consists of regularly distributing the repayment of the principal (C0), together with the interest accrued throughout the life of the loan. The periodic payments made by the borrower are therefore intended to reimburse, extinguish or amortize the initial capital. This justifies the name of the depreciation transaction and the depreciation terms that are usually assigned to these payments.

8 0

3 years ago