Among the tax proposals regularly considered by congress is an additional tax on distilled liquors. the tax would not apply to beer. the price elasticity of supply of liquor is 3.53.5, and the price elasticity of demand is negative 0.4−0.4. the cross-elasticity of demand for beer with respect to the price of liquor is 0.1. if the new tax is imposed, who will bear the greater burdenlong dash—liquor suppliers or liquor consumers? liquor consumers pay nothing percent and liquor suppliers pay nothing percent of the tax. (enter your responses rounded to one decimal place.)

Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount

The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?