The statement that the effect of the tax on the quantity sold would have been smaller if the tax had been levied on consumers is false.
Tax incidence refers to the distribution of the tax burden between consumers and producers in a market. In this scenario, the tax is levied on cola producers.
Before the tax, 25 million cases of cola were sold every month at a price of $5 per case. After the tax, 18 million cases of cola are sold every month. Consumers now pay $36 per case, and producers receive $3 per case (after paying the tax).
To determine the tax incidence on consumers, we can calculate the difference in price before and after the tax. The price increased from $5 to $36 per case, resulting in a $31 per case burden on consumers.
To calculate the tax incidence on producers, we can compare the price received by producers before and after the tax. The price received by producers decreased from $5 to $3 per case, meaning they bear a $2 per case burden.
Based on the calculations, we can see that the tax burden falls partially on consumers and partially on producers. The statement that the effect of the tax on the quantity sold would have been smaller if the tax had been levied on consumers is false.
The tax incidence is determined by factors such as price elasticity of demand and supply, and it does not depend on whether the tax is levied on consumers or producers.
To learn more about consumers, visit
https://brainly.com/question/3227054
#SPJ11
Quik Mart sells groceries. Rite Price sells groceries and fills prescriptions. The party with the chief responsibility to prevent unsafe food and drugs from being sold is
The Food and Drug Administration (FDA)
Quik Mart sells groceries. Rite Price sells groceries and fills prescriptions. The party with the chief responsibility to prevent unsafe food and drugs from being sold is
The Food and Drug Administration (FDA)What is Food and Drug Administration (FDA)?The US food supply, biological goods, medical devices, cosmetics, and radiation-emitting products are all regulated by the Food and Drug Administration (FDA), which also ensures their safety, efficacy, and security.
The Food and Drug Administration (FDA) is in charge of ensuring the security, safety, and efficacy of biological goods, medical devices, our country's food supply, cosmetics, and radiation-emitting products in order to safeguard the public's health.
Learn more about FDA at:
https://brainly.com/question/24827164
#SPJ1
Suppose that the price of beer goes up due to a higher alcohol tax added. Quantity demanded for beer will ________ and consumer surplus will ________.
increase; increase
increase; decrease
decrease; increase
decrease; decrease
Quantity demanded for beer will decrease and consumer surplus will decrease.
When the price of beer goes up due to a higher alcohol tax, it becomes relatively more expensive for consumers to purchase. This causes a decrease in the quantity demanded for beer as consumers will likely look for substitutes or reduce their consumption.
Additionally, the higher price reduces consumer surplus, which is the difference between what consumers are willing to pay and what they actually pay for a good. As the price increases, the consumer surplus decreases because consumers are no longer able to receive the same level of benefit for the same price.
Therefore, when the price of beer goes up due to a higher alcohol tax, both the quantity demanded for beer and consumer surplus will decrease.
To know more about consumers, visit;
https://brainly.com/question/380037
#SPJ11
The government will continue to pursue strategic policies and initiatives geared towards advancing the cultural and creative industries for the benefit of all Jamaicans." This was stated by Minister of Culture, Gender, Entertainment and Sports, the Honourable Olivia Grange, while addressing a session of the Eighth Biennial Jamaica Diaspora Conference at the Jamaica Conference Centre in downtown Kingston today (2019 June 19). "Recently, we got the green light to begin operationalising the National Cultural and Creative Industries Council. It represents the next step in providing meaningful support to our creatives in ensuring that they earn from their creations and abilities." Miss Grange informed that the Council has been charged with establishment of a digital distribution and promotion platform for Jamaican music, video and fashion, a Kingston Creative Media Village for increased visibility and accessibility of creative practitioners, a Creative Skills Council and a Culture and Creative Industries Fund for Jamaica. The minister said recent successful nominations of reggae music of Jamaica to the intangible cultural heritage list of UNESCO, the Blue and John Crow Mountains to the world heritage list and the current bid for Port Royal to be inscribed on same list should be seen as government facilitating and creating opportunities for people to lift themselves using cultural and physical assets. She noted that government has been investing in preparing Jamaicans to benefit from economic activities that will come with these inscriptions and added that several economic opportunity workshops are being staged in communities close to a designated, nominated or soon to be nominated site for world heritage list inscription. Miss Grange said that the island’s creative and athletic talents have done well on the world stage and that it is a priority of government to ensure that earnings are realised. She also said that many Jamaicans have been able to use cultural and creative industries to move from poverty to prosperity. These industries, also known as the ‘orange economy’, include activities such as architecture, audiovisual arts, digital services, fashion, graphic and industrial designs, handicrafts, music and software. In 2012, the global income generated from the orange economy was estimated at US$547 billion.
From the article, outline TWO (2) ways in which the Jamaican government plans to support funding and development of the local creative industry.
The Jamaican government is focusing on advancing the cultural and creative industries to help Jamaicans achieve greater prosperity through funding and development opportunities.
The government aims to provide meaningful support to Jamaican creatives to ensure that they can earn from their creations and abilities. To achieve these goals, the government has put in place some initiatives and policies. Two ways in which the Jamaican government plans to support funding and development of the local creative industry are:1. Creation of Culture and Creative Industries Fund:The Jamaican government has established the Culture and Creative Industries Fund to support the creative industry. This initiative is an attempt to fund projects and programs designed to help Jamaicans in the creative industry to achieve greater prosperity. The fund will provide financial support to creative practitioners and organizations to help them grow their businesses.2. Establishment of National Cultural and Creative Industries Council:
The government has also created the National Cultural and Creative Industries Council, charged with the task of creating a digital distribution and promotion platform for Jamaican music, video, and fashion, a Kingston Creative Media Village for increased visibility and accessibility of creative practitioners, a Creative Skills Council. The council will be a vital tool for providing support to Jamaicans in the creative industry, ensuring that they can earn a living from their talents and creations. It will create opportunities for people to lift themselves using cultural and physical assets.
To know more about Jamaican government click here:
https://brainly.com/question/5479827
#SPJ11
answer pls due today
Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments. Below is a set of decisions made by finance professionals. Categorize the decisions according to the area of finance to which they belong.
a. Managers at a bank need to decide on the interest rate that they must charge for the loans that they make to their prime customers.
b. William must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets.
c. As a technical trader, you will be analyzing investor psychology and making investment decisions based on how investors behave during certain situations.
Answer:
The correct categories are;
a. Managers at a bank need to decide on the interest rate that they must charge for the loans that they make to their prime customers- Capital markets
b. William must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets - Corporate finance
c. As a technical trader, you will be analyzing investor psychology and making investment decisions based on how investors behave during certain situations - Investments
Explanation:
a. Capital market is a system of financing that has to do with the putting up of capital by means including the buying ad selling of long term depth and securities
b. Corporate finance is the financial division concerned with the manner of handling of funding sources of the corporation
c. Investment involves ideas relating allocating funds for a purpose or for a project
Enter text- Apply A text Effect
lacey is in the market for a used lawn mower. she is willing to pay $800 $ 800 . what is lacey's economic surplus if she buys a lawn mower for $500 $ 500 ?
Lacey's economic surplus is $300 if she buys a lawn mower for $500.
What is economic surplus?Economic surplus, often referred to as consumer surplus, is a term used in economics to describe the discrepancy between what a consumer is prepared to pay and the amount they actually pay for a commodity or service. It stands for the added value or benefit that customers get in addition to the price they actually paid for a good or service.
In other words, economic surplus is the difference between what consumers would be ready to spend overall on a good or service and what they actually end up paying in the market. It is determined as the region up to the quantity purchased that is above the market price and under the demand curve.
According to question:
Lacey's economic surplus is the difference between the maximum amount she is willing to pay ($800) and the actual price she pays for the lawn mower ($500).
Economic surplus = Maximum amount willing to pay - Actual price paid
Economic surplus = $800 - $500
Economic surplus = $300
To know more about economic surplus visit:
https://brainly.com/question/14829124
#SPJ1
All employers in the U.S. Pay "payroll taxes" on behalf of employees. The Medicare portion of this is 1.45% of pay. If an employee makes $480 in a week, how much does the employer contribute for Medicare?
Answer: $6.96
Explanation:
Weekly earning = $480
Medicare tax rate = 1.45%
1.45% = (1.45/100) = 0.0145
Medicare contribution = Medicare tax rate × weekly earning
Medicare contribution = 0.0145 × $480 Medicare contribution = $6.96
The employees weekly contribution that is apportioned for Medicare is $6.96
Answer:
$7.10 USD
Explanation:
If the Employer is paying 1.48% of the employees paycheck to Medicare on their behalf then in order to calculate the actual amount we must first change the percentage into a decimal by dividing it by 100.
1.48 / 100 = 0.0148
Now that we have the percentage as a decimal we multiply it by the amount that the employee made that week, which in this case is $480
480 * 0.0148 = 7.104
Therefore we can see that $7.10 USD goes to medicate this week.
highlight characteristics of itinerant traders
Which TCF checking account fee is the most expensive?
Answer:
Explanation: it’s o stop payment fee
differential chemical produced 11,250 gallons of preon and 30,000 gallons of paron. joint costs incurred in producing the two products totaled $7,300. at the split-off point, preon has a market value of $8.00 per gallon and paron $2.00 per gallon. compute the portion of the joint costs to be allocated to preon if the value basis is used.
If the value basis is applied, Preon will get $4500 of the shared costs.
How to calculate portion of the joint cost?Joint costs are expenses spent when two products are purchased or produced at the same time. In terms of cost accounting.
Joint costs have the same cost object. Below is a breakdown of the combined cost for Preon allocation.
where,
Total joint cost = $7,500
Preon cost = 10,000 gallons × $6 per gallon = $60,000
And, the total cost is
= 10,000 gallons × $6 per gallon + 20,000 gallons × $2 per gallon
= $60,000 + $40,000
= $100,000
So, the allocated cost equal to
= $7,500 × ($60,000 ÷ $100,000)
= $4,500
Therefore the portion of the joint costs to be allocated to Preon if the value basis is used $4500
The complete question is : Differential Chemical produced 10,000 gallons of Preon and 20,000 gallons of Paron. Joint costs incurred in producing the two products totaled $7,500. At the split-off point, Preon has a market value of $6.00 per gallon and Paron $2.00 per gallon. Compute the portion of the joint costs to be allocated to Preon if the value basis is used. A. $2,500. B. $3,000. C. $4,500. D. $5,625. E. $1,500.
To learn more about join cost refer to :
brainly.com/question/25811981
#SPJ4
lobbyists, under u.s. law, must disclose their: multiple choice political affiliation and expenses. earnings only. expenses only. earnings and expenses.
Lobbyists, under U.S. law, must disclose their earnings and expenses to the government, which includes the amount of money they receive and spend while lobbying.
U.S. law mandates that lobbyists report their income and out-of-pocket costs when performing their duties. This entails disclosing the compensation they get for their work as well as any costs connected with their lobbying activities, such as travel, lodging, and advertising.
The disclosure is submitted to the government, offering insight into the lobbying actions that might affect policies and decisions made by the government. Although the Lobbying Disclosure Act of 1995 and other pertinent legislation have registration and reporting requirements, lobbyists are not obligated to divulge their political affiliations.
Learn more about Lobbyists:
https://brainly.com/question/22465177
#SPJ4
The introduction of a union into an industry creates a:
a. surplus of labor and so raises unemployment.
b. surplus of labor and so reduces unemployment.
c. shortage of labor and so raises unemployment.
d. shortage of labor and so reduces unemployment.
An industry that has a union present tends to provide its workers greater pay, benefits, and working conditions. d. A labour shortage lowers unemployment.
The introduction of a union into an industry typically results in better wages, benefits, and working conditions for employees. This can lead to an increased demand for labor within the industry, which can result in a shortage of labor. As a result, unemployment is reduced as more workers are employed. d. shortage of labor and so reduces unemployment.
Learn more about unemployment here
https://brainly.com/question/14227610
#SPJ11
what is the side effects that are considered when creating a public good called?
Answer:
Explanation:
Examples of public goods include fresh air, knowledge, lighthouses, national defense, flood control systems, and street lighting. Streetlight: A streetlight is an example of a public good. It is non-excludable and non-rival in consumption. Public goods can be pure or impure.
to change the size of a picture without distorting it, which of the following should you do?
To change the size of a picture without distorting it, keep the aspect ratio of the image the same while resizing it.
Aspect ratio is the relationship between the width and height of an image. If you change the aspect ratio while resizing the image, the image will be distorted and may appear stretched or squeezed.
To resize the image while maintaining its aspect ratio, you can use an image editing software such as Adobe Photoshop or Microsoft Paint. Most image editing software allows you to specify the desired dimensions of the image, while automatically maintaining the aspect ratio.
Alternatively, you can also use online image resizing tools that maintain the aspect ratio while resizing the image. These tools allow you to specify the desired width or height of the image, and automatically adjust the other dimension to maintain the aspect ratio.
To learn more about “dimension” refer to the https://brainly.com/question/19819849
#SPJ11
Pick a business that existed prior to the commercialization of
internet. Evaluate how their marketing strategy has changed after
the internet? What are the key differences?
A business that existed prior to the commercialization of the internet is the promotion of music videos.
The marketing strategy of promotion of music videos has changed after the commercialisation of the internet. The commercialization of the Internet entails the creation and oversight of online services for monetary gain. It usually entails increasing monetization of network services and consumer products mediated by various Internet technologies. E-commerce, electronic money, as well as advanced marketing techniques such as personalised and targeted advertising are all common forms of Internet commercialization.
It has enabled them to reach a larger audience than they would have been able to reach through traditional marketing methods. Second, eCommerce has simplified the process of finding what customers are looking for. Before making a purchase, they can now compare prices and read reviews.
Learn more about internet, here:
https://brainly.com/question/16721461
#SPJ4
Explain the importance of office for an organization long answer
Answer:
The answer to this question is given below in this explanation section.
Explanation:
" importance of office for an organization"
An office is the center point of organization.It is a place to perform different activities of a business organization.The office is the brain of the whole organization.The office performs a critical function such as information collection,collection,recording analyzing distribution of information and executive function such as planning,organization,policies formulation,decision making etc.
It is used by management for the purpose of planning,organizing,staffing,directing,and controlling.Office not only keep record of information but also pay the role of reliable channel of communication the information.It is required for smooth functioning of the organization.
Proper organisation facilities the intensive use of human capital.Organization stimulates creativity.By providing well defined areas of work and ensuring delegation of authority,Organization provides sufficient freedom to the managers and encourages their initiative,independent thinking and creativity.
Write "True" if the statement is correct & "False" if the statement is incorrect.
Answer:
where's the question?
Explanation:
Hotel rooms in Smalltown go for $100, and 1,000 rooms are rented on a typical day. To raise revenue, the mayor decides to charge hotels a tax of $10 per rented room. After the tax is imposed, the going rate for hotel rooms rises to $108, and the number of rooms rented falls to 900.
In reality, the imposition of a tax can have various effects on the behavior of both consumers and hotel operators, potentially leading to different outcomes.
Let's analyze the impact of the tax imposition on hotel rooms in Smalltown:
Before the tax imposition:
- Price per room: $100
- Number of rooms rented: 1,000
After the tax imposition:
- Price per room: $108 (increase of $8 due to the tax)
- Number of rooms rented: 900
To calculate the impact on revenue, we need to consider the revenue before and after the tax imposition:
Before the tax imposition:
Revenue = Price per room * Number of rooms rented
= $100 * 1,000
= $100,000
After the tax imposition:
Revenue = (Price per room - Tax per room) * Number of rooms rented
= ($108 - $10) * 900
= $98 * 900
= $88,200
Comparing the revenues before and after the tax imposition, we can observe that the revenue decreases from $100,000 to $88,200. The tax imposed on hotel rooms reduces the number of rooms rented, resulting in a decrease in revenue for the hotels.
Learn more about potentially leading here
https://brainly.com/question/13257713
#SPJ11
What does this mean
“MY LONG-TERM CAREER GOAL TODAY IS TO BECOME A”
Explanation:
what this means is it is asking what kind of job or career you want to be. an example is :
i want my career to be a doctor.
so basically this is just a fancy word for job.
select all that apply which of the following requirements are necessary to qualify for head of household status? (check all that apply.) multiple select question. have lived with a qualifying person in the taxpayer's home for the entire year pay more than half the costs of keeping up a home for the year be unmarried (or considered unmarried under the abandoned spouse provisions) at the end of the year be a qualifying widow or widower need help? review these concept resourc
Option (a) and (b), To be eligible for head of household status, you must be single (or be considered to be single under the regulations relating to abandoned spouses) at the end of the year and pay more than half the expenses associated with maintaining a residence.
What is the purpose of filing as the head of the household?In order to be eligible for the head of household filing status, parents or other adults must contribute more than fifty percent of the expense of maintaining a home for a qualifying person. This status entitles them to a higher standard deduction as well as lower tax rates than single taxpayers or people who are married but filing separately.
Who is qualified to serve as the head of the household?Eligible Person to Serve as Head of Household A person is regarded as a qualified individual for you to register as the head of household if they lived in your home with you for more than half the year, with the exception of temporary absences. But, your parent is not need to reside with you in order to qualify.
Learn more about head of household status: https://brainly.com/question/29994814
#SPJ4
The complete question is:
Which of the following requirements are necessary to qualify for head of household status? (Check all that apply.)
a. Be unmarried (or considered unmarried under the abandoned spouse provisions) at the end of the year
b. Pay more than half the costs of keeping up a home for the year
c. Have lived with a qualifying person in the taxpayer's home for the entire year
d. Be a qualifying widow or widower
what effect will the aquisition of treasury stock have on stockholders equity and earnings per share
Acquisition of treasury stock reduces the number of outstanding shares and increases earnings per share, but it does not affect total stockholders' equity.
When a company acquires treasury stock, it buys back its own shares of stock from the market. This leads to a reduction in the number of outstanding shares of the company, which causes an increase in earnings per share (EPS) because earnings are divided among fewer shares. However, the acquisition of treasury stock does not affect total stockholders' equity because treasury stock is not considered an asset of the company.
The purchase of treasury stock reduces the total number of outstanding shares, thus increasing the EPS. Treasury stock is a contra-equity account and it is deducted from the stockholders' equity section of the balance sheet. However, the acquisition of treasury stock does not affect the total stockholders' equity. Therefore, it reduces the total shareholders' equity but increases earnings per share.
To know more about the treasury stock visit:
https://brainly.com/question/28392297
#SPJ11
Choose the option that best matches the descriptions given.
Exchanging a good or service for money is called:
Exchanging a good or service for money is called Bartering .
What is Bartering ?A straightforward idea underlies bartering: Two parties bargain to assess the relative worth of their goods and services, then offer them to one another in an equal trade.
Bartering is a system of exchange in trade where parties engage in direct exchanges of one commodity or service for another without utilizing a means of exchange like money.
Learn more about Bartering at;
https://brainly.com/question/1296806
#SPJ4
A defendant wants to make sure the judge sees a document that proves his innocence His attorney should add this to the blank Its Exhibit list
The defendant's attorney should add the document that proves the defendant's innocence to the exhibit list in order to ensure that the judge sees it during the trial. The exhibit list is a document that outlines the evidence that will be presented during the trial.
To add the document to the exhibit list, the attorney should follow these steps:
1. Review the rules and procedures of the court: Different courts have different rules regarding the submission of exhibits. The attorney should familiarize themselves with the specific rules of the court where the trial will take place.
2. Identify the relevant exhibit: The attorney should clearly identify the document that proves the defendant's innocence. This could be a written statement, a video recording, or any other type of evidence.
3. Determine the exhibit number: Each exhibit is assigned a number to keep track of them during the trial. The attorney should assign a unique exhibit number to the document. For example, if it is the first document to be submitted, it could be labeled as Exhibit 1.
4. Prepare the exhibit list: The attorney should create a document that lists all the exhibits that will be presented during the trial. This document should include the exhibit number, a brief description of the exhibit, and its relevance to the case. The document proving the defendant's innocence should be included in this list.
5. Serve the exhibit list: The attorney should provide copies of the exhibit list to the judge, opposing counsel, and any other relevant parties. This ensures that everyone is aware of the evidence that will be presented during the trial.
By following these steps, the defendant's attorney can ensure that the document proving the defendant's innocence is properly included in the exhibit list and brought to the attention of the judge during the trial. This will increase the chances of the document being considered as evidence in the case.
Know more about Attorney here:
https://brainly.com/question/29658865
#SPJ8
strategies to ensure development
Answer:
Understand the current position.
Reflect on how you got there.
Be clear about your corporate identity (mission, vision and values)
Analyse your strengths and weaknesses.
Analyse the business environment.
Identify and evaluate strategic options.
Set objectives.
Know Your Learning Style
Fill in the customer satisfaction survey You go to your in-house database, which houses eCompeteUSA's domestic and international sales as well as revenue composition over the past 10 years. You examine this data and apply some statistical analysis in order to help decide where to go next. What should you present at the next meeting to put your investigation on the right path?a. Present the trends in the growth of the U.S. eSports market, because the majority of eCompeteUSA's sales are domestic.b. Present data on eCompeteUSA's current revenue streams, broken down by source with sales trend extrapolations.c. After further consideration, you decide to step back and work on defining the research problem.
Answer: After further consideration, you decide to step back and work on defining the research problem.
Explanation:
Based on the options given, the answer will be "After further consideration, you decide to step back and work on defining the research problem".
It should be noted that the research problem isn't stated and one doesn't really know what the person wants to do. Do the right thing is to work on the research problem first before doing any other thing.
Which federal agency calculates the consumer price index?.
Answer:
The u.s Bureau of labor statistic (BLS)
Question 21 (2.17 points) True or False? Outcome evaluation documents how the program got started. 1) True 2) False Question 22 (2.17 points) True or False? Immediate outcomes for mass media might include changes in individual behavior and enactment of policies. 1) True 2) False Question 24 (2.17 points) Which of the following is not considered a potential audience for workplace wellness programs? 1) The "business case" from the perspective of business leaders 2) The employee 3) The "planners, implementers, and evaluators" of workplace programs 4) Local gyms Question 25 (2.17 points) True or False? The practice of "CulturalCare" seeks to assimilate patients into the culture of clinical care. 1) True 2) False
Question 22: 1) True
Question 24: 4) Local gyms
Question 25: 2) False
Question 22:True. Outcome evaluation does document how the program got started, as it focuses on the initial processes, inputs, and activities that contributed to the program's development.
Question 24:
The potential programs include: 1) The "business case" from the perspective of business leaders, 2) The employee, and 3) The "planners, implementers, and evaluators" of workplace programs. Local gyms, however, are not considered a potential audience for workplace wellness programs.
Question 25:False. The practice of "CulturalCare" does not seek to assimilate patients into the culture of clinical care. Instead, it aims to promote culturally competent healthcare by acknowledging and respecting the diverse cultural backgrounds and values of patients.
Learn more about business here:
https://brainly.com/question/15826604
#SPJ11
Solar energy is the least expensive source of renewable energy in the United States. True False
Answer:
False
Explanation:
Solar energy is one of the most expensive energy sources out there look it up!
Answer:
False
I think
Appraiser Jones appraises non-complex one-to-four unit residential properties, and non-residential properties with a transaction value up to $250,000. What is this appraiser's level? How many hours of appraiser education was completed? A: Certified Residential License, 150 hours B: Certified Residential Real Estate Appraiser, 150 hours C: Certified Residential Real Estate Appraiser, 200 hours D: Certified General Real Estate Appraiser, 300 hours
Answer:
C: Certified Residential Real Estate Appraiser, 200 hours
Explanation:
The current Appraisal Qualifications Board (AQB) minimum education criteria for Appraisal Education Hours to obtain Certified Residential Real Estate Appraiser is 200 hours.
The Certified Residential Real Estate Appraiser is allowed to appraise 1-4 residential units no matter transaction value or complexity.
Since the non-complex one-to-four unit residential properties, and non-residential properties with a transaction value up to $250,000 are appraised by Appraiser Jones, this implies that Appraiser Jones is a Certified Residential Real Estate Appraiser who completed 200 hours.
Therefore, the correct option is C: Certified Residential Real Estate Appraiser, 200 hours.