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3 years ago

explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist.

1 answer:

8 0

A price ceiling is the maximum price a company is allowed to charge for that good. This is intended to assist the consumers so that they would not have to be an insane amount for a product.

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The production function for earthquake detectors (Q) is given as follows: Q = 4K1/2L1/2 where K is the amount of capital em

Ksivusya [100]

Answer:

k= 5 units

L = 45 units

Explanation:

check the picture attached for full explanation and i hope it helps you

3 0

3 years ago

Read 2 more answers

Multiple Product Performance Report Storage Products manufactures two models of DVD storage cases: regular and deluxe. Presented

Pavlova-9 [17]

Answer:

<u>Flexible budget performance report for the July manufacturing activities</u>

Direct Materials : $62,000

Lumber :

Regular ($6.00 × 5,000) $30,000

Deluxe ($9.00 × 2,000) $18,000

Assembly kit :

Regular ($2.00 × 5,000) $10,000

Deluxe ($2.00 × 2,000) $4,000

Labor : $30,000

Regular ($4.00 × 5,000) $20,000

Deluxe ($5.00 × 2,000) $10,000

Variable overhead : $15,000

Regular ($2.00 × 5,000) $10,000

Deluxe ($2.50 × 2,000) $5,000

Fixed manufacturing overhead $13,000

Total $120,000

Explanation:

A Flexed Budget is a Master budget that has been adjusted to reflect the Actual Level of Operation.

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3 years ago

Can you breifly explain why stockholders' investment and revenues increase stockholders' equity, while dividends and expenses de

Scilla [17]

From an accounting standpoint, stockholders' investment and revenues increase the assets of the company without adding to the liabilities. Therefore according to the equation (A = L + E), equity must increase.

Similarly, issuing dividends and paying expenses pays cash out of the company, which decreases assets without changing liabilities. Therefore equity must decrease.

Another way to think of it is: what contributes to the company's profit and/or value, and what decreases these things? Well, revenues and people investing in the company are good (and therefore good for stockholders), and giving cash out and paying expenses are costs to the company (and therefore decrease value for stockholders).

5 0

3 years ago

Which shortcut can you use to rename a worksheet.

nadezda [96]

I don’t understand this question

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3 years ago

During December, the production department of a process operations system completed and transferred to finished goods a total of

kati45 [8]

Answer:

$3 per unit

Explanation:

The computation of the direct materials cost per equivalent unit is shown below:

Completed and transferred to finished goods 65,000 units

Equivalent number of additional units in process 15000 units

Beginning inventory material cost $57,500

Direct material cost incurred $183,000

Total direct material cost $240,500 ($57,500 + $183,000)

ANd, the total units is 80,000 (65,000 + 15,000)

So, the direct material cost per equivalent unit is

= $240,500 ÷ 80,000 units

= $3 per unit

3 0

2 years ago