All categories

2 years ago

Why do you think governments frequently attempt to control apartment rents but not house prices?

1 answer:

7 0

Governments often control apartment rents because many middle- and low-incomeearners prefer living in rental homes while wealthy people prefer buying houses. Thepurchasing power of rental apartments is high since the middle- and low-income earnersconstitute a higher percentage of the earning population

You might be interested in

A major state university in the South recently raised tuition by 12%. An economics professor at this university asked his studen

Nady [450]

Answer:

Highly inelastic

Explanation:

Price elasticity of demand is a measure of the demand of a given service or commodity by utilizing it's price change. It can be calculated using the formula;

Price elasticity of demand=%change in quantity demanded/%change in price

%change in quantity demanded=((Final demand-Initial demand)/Initial demand)×100

((299-300)/300)×100=-0.33%

%change in price=12%

12%>0.33%

The change in price is larger than the change in demand, therefor the product is highly inelastic

3 0

3 years ago

Southern Rim Parts estimates its manufacturing overhead to be $495,000 and its direct labor costs to be $900,000 for year 1. The

Zarrin [17]

Answer:

Job 301 $ 11,000

Job 302 $ 16,500

Job 303 $ 22,000

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

To calculate the overhead rate we divide the estimated overhead cost by the estimated cost driver:

$\frac{495,000}{900,000}= Overhead \:Rate$

0.55 overhead rate

Job 301 $20,000 labor cost x 0.55 overhead rate

11,000

Job 302 $30,000 labor cost x 0.55 overhead rate

16,500

Job 303 $40,000 labor cost x 0.55 overhead rate

22,000

8 0

3 years ago

To help children understand and gain respect for authority in the classroom, A. allow students to display freedom of choice and

SSSSS [86.1K]

D. Stick to established rules whenever possible; avoid negotiation.
This is the best choice because you are still being caring and kind; which a student needs, but you are also showing who's in charge. This will cause the students to have more respect for you.

8 0

3 years ago

A company sells a plant asset which originally cost $373000 for $111000 on December 31, 2021. The Accumulated Depreciation accou

N76 [4]

The Accumulated depreciation account had a balance of $144000

<h3>What is Accumulated depreciation?</h3>

Accumulated depreciation is the total amount of a company's asset depreciation, whereas depreciation expense is the amount depreciated for a single period. Depreciation is an accounting entry that represents the decrease in the cost of an asset over its useful life.

Accumulated depreciation is the total amount of depreciation that has been expensed against the asset's value. On the balance sheet, fixed assets are recorded as a debit, while accumulated depreciation is recorded as a credit, offsetting the asset.

Accumulated depreciation accounts are credit-balanced asset accounts (known as a contra asset account). It is classified as a contra asset account because it has a negative balance that is intended to offset the asset account with which it is paired, resulting in a negative balance.

To know more about Accumulated depreciation follow the link:

brainly.com/question/17167938

#SPJ4

4 0

2 years ago

Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain to operations in the first pr

klasskru [66]

Answer:

beginning WIP 800

Question: which are the physical units in the beginning work in process inventory?

Explanation:

The beginning WIP and the started and completed untis will be the total transferred units.

We first, solve for the start and completed:

Unit Stated 25,200

Ending WIP(incomplete) 2,000

start and complete 23,200

Now, we solve for the WIP:

Transferred units 24,000

start and complete (23,200)

beginning WIP 800

7 0

3 years ago