Answer:
both taxes would fall more heavily on the buyers than on the sellers
Explanation:
Here are the options:
a. both taxes would fall more heavily on the buyers than on the sellers. b. the macaroni tax would fall more heavily on the sellers than on the buyers, and the burden of the cigarette tax would fall more heavily on the buyers than on the sellers c. the macaroni tax would fall more heavily on the buyers than on the sellers, and the burden of the cigarette tax would fall more heavily on the sellers than on the buyers O d. both taxes would fall more heavily on the sellers than on the buyers.
Tax is a compulsory sum levied on goods and services. Taxes increases the price of goods and services
Supply is elastic if a small change in price leads to a greater change in the quantity supplied.
Demand is inelastic if there's little or no change in demand when price is increased.
More burden of tax should fall on the consumers because their demand is inelastic. So, if prices rise as a result of the tax, there would be little or no change in quantity demanded.
But in the case of suppliers, they are sensitive to price and a rise in price would cause quantity supplied to fall and revenue would fall.
I hope my answer helps you
Depending on how many could have taken the survey, it would be a random sample of the population of triathletes. However, if these surveys were conducted at a single event that was in an area where only a small range or area of triathletes attended, it may not be a good random sample.
Answer: Dependability is defined as the quality of being able to be counted on or relied upon. When you always do everything that you say you will and never make promises you cannot keep, this is an example of dependability. YourDictionary definition and usage example.
Explanation:
Answer:
LeCompte Corp.
The profit margin that LeCompte Corp. would need in order to achieve the 15% ROE, holding everything else constant is:
A) 7.57%.
Explanation:
a) Data and Calculations:
Assets = $312,900
Common Equity = Assets = $312,900
Sales for the last year = $620,000
Net income after taxes = $24,655
Expected return on equity (ROE) = 15%
ROE (in amount) = $312,900 * 15% = $46,935
Profit margin = Returns on Equity/ Sales * 100
= $46,935/$620,000 * 100
= 7.57%
b) The expected returns on equity in dollars is equal to the net income. Therefore, we can use the ROE to calculate the profit margin. The profit margin expresses the relationship between sales and profit. It shows the profit made from each dollar sales.
