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1 year ago

If a seller facing excess demand is unable to raise the price of the good due to a price ceiling, a likely result will be:

Business

1 answer:

Anuta_ua [19.1K]1 year ago

3 0

A likely result will be a decrease in the quality of a product.

The fee ceiling is a state of affairs while the price charged is greater than or less than the equilibrium fee decided with the aid of market forces of demand and deliver. It's been found that higher price ceilings are useless. price ceiling has been discovered to be of extraordinary importance within the residence rent marketplace.

A price ceiling is a legal maximum rate that one will pay for some good or carrier. A government imposes rate ceilings as a good way to preserve the price of some necessary precise or services low-cost. as an example, in 2005 at some stage after Hurricane Katrina, the price of bottled water expanded above $five according to the gallon.

A rate ceiling continues a fee from growing above a sure level (the “ceiling”), even as a fee ground continues a rate from falling underneath a given degree (the “ground”). This phase uses the call for and delivers a framework to research price ceilings. the following section discusses rate flooring.

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A company manufacturing shirts for a department store decides to create a new style of cotton shirt. The company would most like

Zina [86]

Answer:

b. be less costly to create.

Explanation:

4 0

2 years ago

Zelenka Clinic uses client-visits as its measure of activity. During June, the clinic budgeted for 2,700 client-visits, but its

MatroZZZ [7]

Answer:

The administrative expenses in the planning budget for June would be closest to:

d. $5,670 ⇒ $5,400 + (2,700 x $0.10) = $5,400 + $270 = $5,670

The net operating income in the planning budget for June would be closest to:

c. $16,220 ⇒ ($47.80 x 2,700) - [$50,200 + (2,700 x $23.20)] = $129,060 - ($50,200 + $62,640) = $129,060 - $112,840 = $16,220

The medical supplies in the flexible budget for June would be closest to:

d. $18,440 ⇒ $1,700 x (2,700 x $6.20) = $1,700 + $16,740 = $18,440

5 0

2 years ago

When increased raw material costs increase prices for consumers, the situation is known as _______ inflation. A. demand-pull

devlian [24]

Your answer is Cost-Push.
Cost push inflation – this occurs when there is a rise in the price of raw materials, higher taxes, e.t.c

5 0

3 years ago

The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.7 million in long-term debt, $760,000 in the common stock accoun

g100num [7]

Answer: -($2,000,000)

Explanation:

Cash flow to creditors = Increase in long term debt + Interest Paid

= ($2.7 - $4.25) + $180,000

= - $1,550,000 + $180,000

= - ($1,370,000)

Cash flow to shareholders = Dividends paid + Increase in common stock + Increase in additional paid-in surplus account

= $510,000 + ($760,000 - $905,000) + ($6.25 - $7.9)

= $510,000 - $145,000 - $1,650,000

= - ($1,285,000)

Cash flow from Assets = Cash flow to creditors + Cash flow to shareholders

= - ($1,370,000) - ($1,285,000)

= - ($2,655,000)

Operating cash flow = Cash flow from Assets + Change in net working capital + net capital spending

= - ($2,655,000) + (-$195,000) + $850,000

= -($2,000,000)

8 0

3 years ago

The ability to meet short-term obligations and to efficiently generate revenues is called:________.

Dafna1 [17]

The ability to meet short-term obligations and efficiently generate revenues is called Liquidity.

Liquidity is the ease or speed with which money can be raised to meet short-term financial responsibilities such as paying bills. Stocks and bonds, as well as other easily tradable assets, are regarded as liquid assets.

A company's liquidity can be determined by how well it can meet its short-term obligations, particularly those that are due in less than a year. What the business owes in comparison to what it owns is typically represented as a ratio or percentage. You can gain insight into the company's financial situation by using these metrics.

The liquidity status of a business is primarily affected by two factors. The first factor is its capacity to transform assets into cash to cover its present liabilities (short-term liquidity). Its debt-carrying capability is the second.

To learn more about Liquidity refer to:

brainly.com/question/13646882

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1 year ago