1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alborosie
3 years ago
12

How do price ceilings and price floors restrict the free exchange of prices?

Business
1 answer:
Yuki888 [10]3 years ago
8 0
Price ceilings are the limit of the prices to go high above the given ceiling while the price floor limit the prices to go below the given amount. The two restrict the free exchange of prices by putting a range of prices allowable only for a certain product. The prices are already limited between the price floor and the price ceiling.
You might be interested in
Warehouse W’s revenue from the sale of sofas was what percent greater this year than it was last year? (1) Warehouse W sold 10 p
4vir4ik [10]

Answer:

1) 10%

2) Depends on the selling price

Please see the attachment  

Explanation:

We have 2 scenarios. In both cases we have to calculate the income as the product of the selling price by the units sold, and then we must calculate the increasing percentage to compare the actual value with the last year value.

Let's see the attachment and consider that:

P is the selling price of the sofas

x is the units sold  

So, the income is the result of the selling price, by the units sold, respectively for each year. Then, the increase is the ratio between the actual year income minus last year income, over last year income. Finally, the increase percentage is the result of multiplying the increase value, by 100.

We can conclude that for the first scenario, the selling increase percentage is 10%, meanwhile, for the second scenario, the selling increase percentage depends on the selling price; that means, the higher the selling price, the increase percentage will be lower, but anyway, there will be increase.

7 0
3 years ago
Mackay gives a list of items (starting with "Two lasts of wheat, 448 florins") that were traded for one tulip root. He could hav
Oksana_A [137]

Answer:

For a better valuation of trade.

Explanation:

Mackay could have left out this list and simply said that the root cost 2500 florins. But he gave the list to have a better understanding of the valuation of trade. Now, the cost could have simply being layed out. But then this list helped helped to give a better perspective of the valuation of the bulb and also how it could be used to replace money

8 0
3 years ago
Center Chemical Company's Industrial Division makes 400,000 gallons of rubbing alcohol each year and has enough capacity to manu
Fittoniya [83]

Answer:

cost-based transfer pricing

Explanation:

If the firm uses negociated rtansfer pricing they will stablish the transfer price based on manager bargain skill and leverage of each division. The CEO will not a grip on controlling cost across all dvisions, the managers will.

Therefore the best option is to go with a cost-based transfer pricing. The CEO can determinatethe method to determinate the cost and indriectly the cost across all divisions.

5 0
3 years ago
Pharoah Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. Duri
never [62]

Answer and Explanation:

The Journal entry is shown below:-

On  November 2022

Cash Dr, $193,200            (6,900 × $28)

               To Unearned Subscription Revenue $193,200

(Being the receipt of the subscriptions is recorded)

Therefore to record the receipt of the subscriptions we simply debited the cash as it increased the assets and we credited the unearned subscription revenues as increased the liability so that the correct posting could be done

3 0
3 years ago
Direct Materials Purchases Budget
dimaraw [331]

Answer:

Since there is not enough room here, I prepared an excel spreadsheet

Explanation:

Download pdf
6 0
3 years ago
Other questions:
  • During January 2020 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $2,000 we
    8·1 answer
  • The PRIMARY function of banks in the United States is to
    10·1 answer
  • How do your financial choices impact the economy?
    11·1 answer
  • If the Consumer Price Index was 90 in one year and 100 in the following year, then the rate of inflation is about
    8·2 answers
  • What are all of the private loans that people have that aren't secured by real estate?
    5·1 answer
  • In a periodic inventory system, the cost of purchases is debited to: Inventory. Purchases. Cost of goods sold. Accounts payable.
    6·1 answer
  • You have $10,000 to invest. You want to purchase shares of Alaska Air at $42.56, Best Buy at $51.42, and Ford Motor at $8.56. Ho
    13·1 answer
  • Spark Company's static budget is based on a planned activity level of 45,000 units. At the same time the static budget was prepa
    11·1 answer
  • Sanders Co. is planning to finance an expansion of its operations by borrowing $49,200. City Bank has agreed to loan Sanders the
    5·1 answer
  • Kasravi co. Had net income for 2013 of shs 400,000.The average number of shares outstanding for the period was 200,000 shares
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!