Suppose that the u. s. government decides to charge wine consumers a tax. before the tax, 25 million bottles of wine were sold every month at a price of $7 per bottle. after the tax, 18 million bottles of wine are sold every month; consumers pay $8 per bottle (including the tax), and producers receive $5 per bottle.

the amount of the tax on a bottle of wine is $ per bottle. of this amount, the burden that falls on consumers is $ per bottle, and the burden that falls on producers is $ per bottle.

true or false: the effect of the tax on the quantity sold would have been smaller if the tax had been levied on producers.

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?