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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.
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Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
IrinaK [193]

Answer:

c. $94,400

Explanation:

Net cash provided or used by operating activities is computed as see below;

Net cash provided or used by operating activities = Net income + Depreciation expense - Gain on sale of land - Increase in merchandise inventory + Increase in accounts payable

Net cash provided or used by operating activities = $85,800 + $12,500 - $8,000 - $2,550 + $6,650

Net cash provided or used by operating activities = $94,400

8 0
3 years ago
The rules for interpreting, categorizing, recording, and transferring the data to the data storage media are called _____.1.edit
Maru [420]

Answer: The correct answer is "4.codes".

Explanation:

1.edits - It is the modification or edition of data.

2.hypotheses - Assumption made from data that serves as the basis for initiating an investigation or an argument.

3.theories - Organized set of ideas that explain a phenomenon, deduced from observation, experience or logical reasoning.

So: The rules for interpreting, categorizing, recording, and transferring the data to the data storage media are called <u>CODES.</u>

5 0
3 years ago
Abby sells real property for $300,000. The buyer pays $5,000 in property taxes that had accrued during the year while the proper
tamaranim1 [39]

Answer:

a. $287,000

Explanation:

According to the given situation, the computation of the amount realized is shown below:-

Amount realized = Sale value consideration + Property taxes paid by the buyer - Commission - Legal fees

= $300,000 + $5,000 - $15,000 - $3,000

= $305,000 - $18,000

= $287,000

Therefore for computing the amount realized we simply above formula.

5 0
3 years ago
Greg, a supervisor, is known by his managers to be sharp in his decisions and has a good track record of meeting his goals. greg
professor190 [17]
The answer to this question is: Effective manager
in business, effectiveness refers to the ability for a person to make use of all resources that available to him/her in order to accomplish the goal.
This trait is considered as the most desired trait that most of the shareholders seek when they're choosing the leader for their company.

6 0
4 years ago
Brown Company purchased equipment in 2011 for $150,000 and estimated a $10,000 salvage value at the end of the equipment's 10-ye
vazorg [7]

Answer:

The journal entry for disposal of equipment will be as follows;

Explanation:

Accumulated Depreciation          Dr.$98,000

Cash                                              Dr.$40,000

Loss on disposal (150-98-40)       Dr.$12,000

Equipment                                    Cr.$150,000

4 0
3 years ago
Read 2 more answers
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