Answer:
$3
$2
$1
False
Explanation:
The burden of tax refers to who pays the tax between the buyer and the seller.
More burden of tax usually falls to the party with the more inelastic demand because the quantity demanded would not change despite the increase in price as a result of the tax.
To find the amount of tax per bottle = price of wine - amount received by producers = $6 - $3 = $3
The amount paid by consumers = price after tax - price before tax = $6 - $4 = $2
Amount received by sellers = tax- amount paid by consumers = $3 - $2 = $1
It can be seen that consumers bear a higher burden of tax because they pay the greater tax. This means they have an inelastic demand.
If the tax had been levied on producers, the effect on quantity demanded would have been greater because producers have a more less elastic supply when compared to consumers .
I hope my answer helps you
Answer:
1. October 1
Dividends (Cr) 1950
Dividend Payable (Dt) 1950
2. October 15
No journal entry required
3. Record the payment of cash dividends
Dividend Payable (Cr) 1950
Cash (Dt) 1950
Explanation:
(<em>3,900 shares of common stock outstanding</em>) *(<em>declared $0.50 per share dividend</em>) = 1950
The correct answer would be April 8.
Explanation:
A food handler or a chef is prepping a seafood coconut curry dish on April 4. This dish uses shrimps and scallops as ingredients. Shrimps has an use by date of 8th April, and the scallops has the use by date of 10th April. So now the use by date of seafood coconut curry needs to be determined.
It is very simple to determine the use by date of seafood coconut curry. The use by date of both ingredients would be seen, and the use by date of any product which is earlier than use by date of the other, would be set as the use by date of the seafood coconut curry.
So the use by date of shrimps is April 8, so the use by date for the seafood coconut curry would be April 8 too, otherwise due to the expiration of the shrimps on April 8, the whole food will be wasted.
Learn more about the similar concept at:
brainly.com/question/11360013
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Answer:
The number of adult tickets is 371.
The number of children's tickets is 629
Explanation:
Let A be the number of adult tickets sold and C be the number of children's tickets sold. The following linear system can be modeled based on the information provided:
Solving the linear system:
The number of adult tickets is 371.
The number of children's tickets is 629.
