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mr Goodwill [35]
2 years ago
14

If the government removes a tax on a good, then the price paid by buyers will

Business
1 answer:
lakkis [162]2 years ago
7 0

Answer:

A tax on a good raises the price buyers pay, lowers the price sellers receive, and reduces the quantity sold. ... When a good is taxed, the side of the market with fewer good alternatives cannot easily leave the market and thus bears more of the burden of the tax.

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What is the net pay for Joseph T. O'Neill?
Shtirlitz [24]

Answer:

1153.85 per week and 28.85 per hour

Explanation:

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3 years ago
For a business that uses the allowance method of accounting for uncollectible receivables:
Yuri [45]

Answer:

The Journal entries to record the given transactions would be:

Account Title                                                  Debit         Credit

(1) Uncollectible Accounts Expense              18,600

    Allowance for Doubtful Accounts                               18,600

     ($600 + $18,000)

(2) Allowance for Doubtful Accounts              350

    Accounts Receivable—Fronk Co.                                350

(3)  Accounts Receivable—Fronk Co.             200

     Allowance for Doubtful Accounts                               200

     Cash                                                            200

     Accounts Receivable—Fronk Co.                                200

(4)  Cash                                                            400

     Allowance for Doubtful Accounts*            200

     Accounts Receivable—Dodger Co.                             600

($600 - $400)*

3 0
3 years ago
Devon forgets to pay his credit card bill for three months. Which of the following statements is TRUE?
Arturiano [62]
Where’s the statement?
6 0
3 years ago
Sheridan company offers its customers a pottery cereal bowl if they send in 3 boxtops from Sheridan Frosted Flakes boxes and $1.
Evgesh-ka [11]

Answer:

$117,600

Explanation:

Boxes of Frosted Flakes ×Estimate of Box Tops to be redeemed

1,344,000×60%= 806,000

806,000- 630,000 (Box Tops redeemed) =176,400

Estimate of Box Tops left to be received /Number of Box Tops Needed per bowl

176,400/3= 58,800 Total bowls estimated to be sent to customers in future

58,800 x 2.00 (The Cost of bowls to company was $3 while the cash to be received from customer was $1)

= $117,600 Which will be the total premium liability to be recorded.

6 0
3 years ago
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The answer is b) white or light colored
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