Answer:
$29,400
Explanation:
The company will distribute dividends only to outstanding shares, since the number of outstanding shares is not specified, we should assume that all the 49,000 shares issued are outstanding shares. The company declared a 2% dividend, so we must multiply the current value of the stock times 2% = $30 x 2% = $0.60 per share.
The total amount distributed was 49,000 outstanding shares x $0.60 per share = $29,400
The best answer to the question is (D) copyright law.
Copyright law is defined as <u>exclusive rights that a creator has for his or her creations, which encompasses literary and artistic works, such as ones mentioned in the question: musical compositions, movies, web content, etc. </u>
The other options are unsuitable since <em>patent protection</em> is for inventions, <em>trademark theory</em> is for companies and their products, while<em> free-market case law </em>does not refer to an actual set of laws.
Answer:
A price floor set above the equilibrium price will result in a surplus of supply.
Explanation.
An equilibrium price refers to the price at which demand for a service or product is equivalent to the quantity of the product or service supplied in the market.
Setting a price floor above the equilibrium price essentially means that the set prices will be higher than what demand is willing to pay for the product or service. Demand will therefore purchase fewer quantity of the product offered by supply at the prevailing price than they would have at equilibrium price.
Since the price floor will raise the product price to considerably higher than the equilibrium price, supply will be willing to provide higher volumes of the product at the prevailing price than at equilibrium price.
This will lead to a mismatch in the market between supply and demand resulting into a surplus.
