Answer:
$4
$1 and $3
False
Explanation:
As per the data given in the question,
a)
Amount of tax for each bottle is $4 because the sellers are receiving $2 and buyers are paying $6. Therefore,
Amount of the tax on a bottle of wine is $6 - $2 = $4
b)
Burden on the consumer = $6 - $5
= $1
Burden on the seller = $4 - $1
= $3
c)
False, because the tax incidence depends on the flexibility or elasticity of market.
<span>The cross-price elasticity of demand between salt and pepper is -0.50
In this example salt and pepper are Complements.
Instead, suppose salt and pepper were substitutes. If so, the the cross-price elasticity of demand between salt and peeper would be positive.</span>
Answer:
reviews registration statements to ensure they comply with current laws and regulations.
Explanation:
The Securities and Exchange Commission (SEC) is a governmental agency saddled with the sole responsibility of regulating the securities or capital markets, as well as protecting investors in a country.
In the United States of America, the Securities and Exchange Commission (SEC) as an independent government agency was established under the Securities Act of 1933 and the Securities and Exchange Act of 1934 of the United States of America. It has the power to propose securities rules and regulations, and enforce federal securities law in the securities market.
<em>Hence, Securities and Exchange Commission reviews registration statements of bond issuers, investment advisers etc, to ensure they comply with current laws and regulations.</em>
Answer:
Natural gas is debited by $6.3 million and asset retirement obligation is credited by $6.3 million.
Explanation:
According to the scenario, computation of the given data are as follow:-
Estimated cost = $16 million
Present value = $6.3 million
So, we will make journal entry for asset retirement obligation by taking present value of assets.
Journal entry to record the asset retirement obligation are as follows :-
Natural gas facility A/c Dr. $6,300,000
To Asset retirement obligation A/c $6,300,000
( Being asset retirement obligation is recorded)
Answer:
<em>business plan</em>
Explanation:
A business plan <em>is a written overview of the future of your business, a document that shows you what to do and how to do it.</em>
When you write down a section outlining your business strategy on the back of an envelope, you've written a plan or at least one's gem.
Business plans are strategic intrinsically.