Answer:
The correct answer is the option B: is the maximun price that can legally be charged.
Explanation:
To begin with, the concept known as<em> "price ceiling"</em> in the economics field refers to the practice that the government uses in order to establish a maximun price that is the one that can be legally charged to the consumers regarding certain products. This policy comprehends an instrument for the government that it uses it with the purpose to guarantee particular products or services that might be essential to the society so therefore the people can buy it.
Answer:
$664,000
Explanation:
Kuck corporation has a product whose contribution margin ratio is 75%
= 75/100
= 0.75
The company has a fixed expense of $456,000
The company has a target profit of $42,000
Based on the values above, the dollar sales to attain the company's target profit can be calculated as follows
Dollar sales to reach target profit = (Target profit + fixed expenses) /Contribution margin ratio
= ($456,000+$42,000)/75/100
= $498,000/0.75
= $664,000
Hence the dollar sales to reach the required company's target profit is $664,000
Answer:
b. is based on the belief that protecting industries when they are young will pay off later.
Explanation:
The infant-industry argument is an international trade theory meant to protect industries in their early stages of development from competition from foreign firms. it is not advanced by advocates of free trade.
the theory postulates that infant indtureist be protected from competiton by various tariffs and laws that would discourage import
The credit card company will pay an amount totaling to approximately $82.45 to the department store after deducting its fees of 2.75% of the transaction amount.
For the information provided above, the computation of the amount to be charged by the credit card company as its fees to the department store for a purchase of $84.79 will be calculated as below,
Credit Card Fees = Transaction Amount – Fees
Credit Card Fees = 84.79-2.75%
Credit Card Fees = 84.79 -2.34
Credit Card Fees = 82.45
Therefore, the credit card company will pay $82.45 to the department store.
Learn more about credit card fees here:
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<span>Because you will be investing in it for the rest of your life. The yields should match the amount you are able to contribute. By doing this, you will be able the needs that needed to be made on current year while not throwing away the money for the future since the fruit of your retirement plan will be ripped when you're no longer in a productive age,
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