What type of firm helps consumers and businesses build

three-fourths of the burden, and sellers bear one-fourth of the burden. b. one-half of the burden, and sellers bear one-half of

zubka84 [21]

The correct option is: For each unit of the good that is sold, buyers bear one-half of the tax burden and sellers bear one-half of the tax burden.

Explanation:

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

7 0

4 years ago

Whispering Winds Corp. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Operating expenses

garri49 [273]

Answer:

<h2> Whispering Winds Corp.</h2>

Statement of Cash Flows (Indirect Method) 2017

Cash flow from operating activities:

net income $161,100

Adjustments to reconcile net income:

+ depreciation expense $40,160

+ loss on sale of equipment $2,020

Change in current assets:

- increase in accounts receivable ($40,050)

- increase in inventory ($44,310)

+ increase in prepaid expenses $1,980

Change in current liabilities:

+ increase in accounts payable $2,580

- decrease in accrued exp. payable ($10,070)

Net cash provided by operating activities $113,410

Cash flow from investing activities:

purchase of new equipment ($164,450)

sale of old equipment $33,650

Net cash provided by investing activities ($130,800)

Cash flow from financing activities:

Proceeds from issue of new stocks $171,150

- redemption of bonds ($49,180)

- dividends paid ($85,680)

Net cash provided by financing activities $36,290

Net increase in cash $18,900

4 0

3 years ago

Use the following selected balance sheet and income statement information for Caroline Supply Co. (in millions) to compute asset

lidiya [134]

Answer:

3.15 times

Explanation:

Asset turnover = Sales revenue / Average total assets

Asset turnover = $1,135,420 / $360,600

Asset turnover = 3.15 times

7 0

3 years ago

Four candidates with the same qualification are interviewed for the position of sales representative. looking at the given chara

Tamiku [17]

A sales representative is a person who works for a particular brand or company and helps in selling the products or services of a company while at the same time representing the brand. The sales representative basically works by contacting the customer until the time the product is sold or the customer had made use of the service.

There are certain skills required by the sales representative like-

Communication skills- good communication skills are required by every sales representative, as it enable a person to represent his and his company’s views more efficiently.
Negotiation skills – these skills also ensure that you can make good relations with other big companies that widen your brand network.
Public skills – these will help you in better public speaking whenever you have to give presentations on a brand’s goals or views.
Organizational skills- as the workload is more you will need to organize yourself so you can complete your tasks on time.

Therefore, out of the four candidates, the person who has all these important skills will get selected in the interview for sure and moreover, and will surely impress his employer with these certain skills.

Learn more about Pre-approach selling process here-

brainly.com/question/25586322

#SPJ4

3 0

1 year ago

Sheffield Laboratories holds a valuable patent (No. 758-6002-1A) on a precipitator that prevents certain types of air pollution.

vlabodo [156]

Answer:

SHEFFIELD LABORATORY

PATENT (NO. 78-6002-1A)

Carrying value as at Dec 31

2011 2015 2018

Cost $182,300 $349,000 $385,000

Amortization (10,724) (79,433) (142,403)

171,576 269,567 242,597

Cost

As at 31 Dec 2011

Design and construction of a prototype $89,000

Testing of models 40,600

Fees paid engineers and lawyers to prepare application 52,700

$182,300

As at 31 Dec 2012

Cost as at Jan 1, 2012 $182,300

Additional cost during the year:

Engineering activity necessary to advance. $84,500

$266,800

As at 31 Dec 2013

Cost as at Jan 1, 2013 $266,800

Additional cost during the year:

legal fee paid $40600

$307,400

As at 31 Dec 2014

Cost as at Jan 1, 2013 $307,400

Additional cost during the year:

Research aimed at modifying the design $41,600

$349,000

As at 31 Dec 2018

Cost as at Jan 1, 2018 $349,000

Additional cost during the year:

legal fee paid in unseccesful patent infrigement. $36,000

$385,000

Amortization for the year

Dec 31 2011 $182,300/17 = $10,724

Dec 31 2012

182,300/17 10,724

84,500/0 -

10,724

Dec 31 , 2013 :

$182,300/17 = $10,724

84,500/16 = 5,281

40,600/0 = -

16,005

Dec 31 2014 =

$182,300/17 = $10,724

84,500/16 = 5,281

40,600/16 = 2,538

41,600/17 = 2,447

20,990

Dec 31 2018 =

$182,300/17 = $10,724

84,500/16 = 5,281

40,600/16 = 2,538

41,600/17 = 2,447

36,000/0 = -

20,990

Explanation:

5 0

4 years ago