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OLEGan [10]
3 years ago
11

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

Business
1 answer:
UkoKoshka [18]3 years ago
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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Which of the following statements is not true about shareholders?
s2008m [1.1K]

Answer:

They own equal shares of company assets.

Explanation:

The statement above is false because shareholders can own vastly different amounts of shares.

For example, a group of 2 people and 5 companies own over 50% of the shares of Alphabet (the corporation that owns Google), giving this small group of people the voting power to take decisions during assemblies.

Meanwhile, thousands of investors also own a small number of shares of Alphabet because it is a publicly traded company, but these small investors have essentially no voting power.

5 0
3 years ago
Video Images is a distributor of DVDs.​ Quick-Disk Mart is a local retail outlet which sells blank and recorded DVDs.​ Quick-Dis
k0ka [10]

Answer:

option (A) $12.00

Explanation:

Data provided:

Quick-Disk Mart purchase tapes from Video Images at​ price = $3.00 per DVD

Number of packages shipped = 20

Returns earned = 20% of the cash investments

Now,

the total investment per package = $3.00 × 20 = $60.00

Thus,

the return on investment per package

= 0.20 ×  total investment per package

or

the return on investment per package = 0.20 × $60.00

or

the the return on investment per package = $12.00

Hence, the correct answer is option (A) $12.00

8 0
3 years ago
During the second year of the equipment’s life, $21,900 cash is paid for a new component expected to increase the equipment’s pr
Alona [7]

Answer:

   S/N              ACCOUNT                                 DEBIT                  CREDIT

      1             Equipment                                   $22,000

                        Cash                                                                     $22,000  

                    Being payment for new component expected to increase the

                    equipment’s productivity by 10% a year

      2.           Equipment Repairs expenses      $6,250

                       Cash                                                                          $6,250

                    Being payment for equipment repair

     3.            Equipment                                       $14,870

                       Cash                                                                          $14,870

                    Being payment for equipment repair to prolong the useful life

                    the asset

Explanation:

The initial cost incurred in acquiring an asset is debited to asset account, subsequently every other cost spent on the assets are either expenses against the earning of that period or expensed over many years over the useful life of the asset.

Capitalization is the recognition of an expense as an asset in the balance sheet rather than expenses in the income statement.

The payment of $22,000 paid for the equipment productivity must be capitalized, that is added to the cost of the asset because it is a cost that is  expected to increase the equipment’s productivity by 10% a year.

The  $6,250  paid for normal repair is a revenue items which is to be expensed against the earning of that period.

The $14,870 paid for repairs which will increase the useful life of the equipment from four to five years is a capital expenditure which should capitalized, that is added to the cost of the asset.

7 0
3 years ago
Global Exporters recently announced that it will pay annual dividends of $1.10; $1.25, and $1.30 a share over the next three yea
Paraphin [41]

Answer:

$14.42

Explanation:

Please kindly check attachment for the step by step solution of the given problem.

3 0
3 years ago
Read 2 more answers
Quality services is an organization that operates several companies that market food products, restaurant equipment, and paper a
Vinvika [58]
<span>The answer is "quality services is pursuing a "diversification" strategy.
</span>

Diversification refers to a corporate strategy to go into another market or industry in which the business doesn't work right now, while likewise making another item for that new market. This is the most dangerous segment of the Ansoff Matrix, as the business has no involvement in the new market and does not know whether the item will be effective.
3 0
3 years ago
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