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liberstina [14]
1 year ago
8

If the government imposes a price ceiling of $4. The quantity purchased by consumers in this market would?

Business
1 answer:
Alexxandr [17]1 year ago
5 0

If the government imposes a price ceiling of $4. The quantity purchased by consumers in this market would decline from 4 to 2.

A price ceiling is a situation in which the calculated price is above or below the equilibrium price determined by the market forces of supply and demand. Higher price caps have been shown to be ineffective. It turns out that price caps are very important in the residential rental market.

A price ceiling is the legal maximum price you can pay for goods or services. Governments set price caps to keep the prices of essential goods and services affordable. For example, when Hurricane Katrina hit in 2005, the price of bottled water exceeded $5 a gallon.

Learn more about the price ceiling here brainly.com/question/1448982

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You own a bond that pays $64 in interest annually. The face value is $1,000 and the current market price is $1,062.50. The bond
drek231 [11]

Answer:

the yield to maturity of this bond is 5.7%

Explanation:

given data

pays interest annually C =  $64

face value F = $1,000

current market price P = $1,062.50

bond matures n = 30 years

solution

we get here yield to maturity that is express as

yield to maturity =

yield to maturity = [C+ (F-P) ÷ n] ÷ [(F+P) ÷ 2   ]     .................1

put here value and we get

yield to maturity = \frac{64+(1000-1062.50)}{11}  ÷ \frac{(1,000+1,062.50)}{2}

yield to maturity = 0.057

so that the yield to maturity of this bond is 5.7%

6 0
2 years ago
At what value should the land be recorded in clementine repair service records?
adell [148]

Answer: $369,500

Explanation:

The Cost concept of accounting calls for the recording of Assets at their cost.

Clementine Repair services offered to buy the land at $350,500 when it was priced at $388,500.

The seller countered with $369,500 and Clementine accepted this.

This means that Clementine bought the land for $369,500 which makes it the cost price.

They should therefore record it at $369,500.

6 0
2 years ago
Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns
yuradex [85]

Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns on its labor costs due to lower turnover and higher levels of productivity

Option A

<u>Explanation: </u>

While Costco costs its workers slightly more than its closest competitor, Sam's Club, Costco pays higher prices in order to recruit more professionals and to provide better customer service due to lower turnover and a similar financial return.

Direct costs involve wages for staff making a product and employees on the production line, while indirect costs apply to assistance, such as employees repairing factory equipment.

When labor costs are wrongly distributed or measured, the price of goods or services may be changed from their actual costs and profits from losses.

8 0
3 years ago
Which ICS functional area tracks resources, collects and analyzes information, and maintains documentation?
igor_vitrenko [27]

Answer:

The correct answer is a) planning

Explanation:

The functional area that tracks resources,  collects and analyzes information, preparing incident action plans, documenting incident action plans and maintains documentation is the planning section.

And is supervised for the section chief of this ICS functional area

8 0
3 years ago
X-Mart uses the perpetual inventory system to account for its merchandise. On May 1, it purchased $400 of merchandise on account
AlexFokin [52]

Answer:

The journal entries to record the whole purchase and payment process are:

May 1, purchase of merchandise on account

Dr Merchandise inventory 400

    Cr Accounts payable 400

May 3, defective merchandise returned

Dr Accounts payable 50

    Cr Purchase returns and allowances 50

Dr Purchase returns and allowances 50

    Cr Merchandise inventory 50

May 10? payment of merchandise account

Dr Accounts payable 350

    Cr Cash 343

    Cr Purchases discounts 7

6 0
3 years ago
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