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3 years ago

A $1 per unit tax levied on consumers of a good is equivalent to

1 answer:

7 0

Based on accounting principles, a $1 per unit tax levied on consumers of a good is equivalent to "a $1 per unit tax levied on producers of the good."

This is based on the idea that the market reaches the exact equilibrium price irrespective of who is accountable for paying the money to the government.

In other words, when the government levies a tax on a good, producers are not exempted from the tax levy because that money will be recouped from the producers' sales or revenue.

Hence, in this case, it is concluded that tax on goods is inevitable to consumers and producers.

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Which of the following statements regarding EBITDA is correct: Select one: a. A defined term in GAAP b. None of the listed answe

andrezito [222]

Answer:

b. None of the listed answers

Explanation:

EBITDA means earnings before interest , tax, depreciation and amortization, whereas operating is the gross profit minus all operating costs, since depreciation and amortization, which are operating costs would have been deducted in arriving at EBITDA, it means operating income and EBITDA are not the same.

Net income is gross profIt minus interest,tax ,depreciation and amortization, hence, it is a far cry from EBITDA.

Note also EBITDA is not recognized by generally accepted accounting principles (GAAP) as a performance measure

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3 years ago

TRUE/FALSE one of the attractive features of mutual funds is that they offer small investors a diversified portfolio and profess

Ugo [173]

The fact that mutual funds provide small investors with a diverse portfolio and experienced management is one of their appealing qualities.so statement is true.

<h3>What draws small investors to mutual funds?</h3>

Investors have access to a greater variety of investments through mutual funds than they could on their own. By pooling your funds, you may take advantage of economies of scale. The monthly contributions improve the investor's assets. Funds are more liquid because they are often less volatile.

The ability to diversify and thereby distribute risk over a number of investments is one of the reasons mutual funds are so well-liked by investors. People are drawn to mutual funds because they provide an opportunity for typical individuals to invest in professionally managed funds.

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1 year ago

What is one benefit of purchasing saving bonds?

Nezavi [6.7K]

Answer:

There are many benefits of purchasing saving bonds:

* They are protected from inflation.

* They have no expenses or fee.

* Amount earned on saving bonds is exempted from all kinds of state taxes.

* They can be purchased with very minimum amount as well, as low as $25.

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3 years ago

Read 2 more answers

As the chief financial officer (CFO), you identify that your firm needs to raise additional funds by selling new shares of stock

const2013 [10]

Answer:A) an investment banker

Explanation: An investment banker is an individual who often works as part of a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities.

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4 years ago

Benjamin put together a committee that included his colleagues. This committee had the sole task of monitoring the effect of the

guapka [62]

Answer:

Benjamin put together a ad hoc committee

Explanation:

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3 years ago