The price ceilings and price floors are the two main types of price controls.
<h3>What is
price controls?</h3>
A price control is a mechanism employed by government to ensure that the price of a product or service does not go to high or low in the marjet.
The two type of price control is price ceilings and price floors. The price ceiling is used to set a maximum amount of product rpice while the price floors set the minimum amount of product price.
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Gia, Inc., has sales of $678,000, costs of $340,000, depreciation expense of $84,000, interest expense of $52,000, and a tax rat
Paladinen [302]
Answer:
$118,580
Explanation:
Sales. $678,000
Less: cost of goods sold ($340,000)
Less : Depreciation exp ($84,000)
Gross profit. $254,000
Less: interest expense ($52,000)
Net income before taxes $202,000
Less: Tax rate 21% ($42,420)
Net income. $159,580
Less: dividends. ($41,000)
Retained earnings. $118,580
According to the claim, the difference between output current and potential GDP is known as the inflationary gap.
<h3>What GDP means?</h3>
Gross domestic product, also known as GDP, is one of the most popular. It is frequently quoted in reports by authorities, financial institutions, and the financial industry as well as in newspapers, on news channels, and in publications. It is now frequently used as a benchmark for measuring the strength of both national and global industries.
<h3>What is GDP and how is it calculated?</h3>
GDP is calculated as private consumption plus domestic product plus government investment plus (exports – imports). The country's national statistical office often uses the international standard to compute GDP.
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A contract clause which specifies the amount of damages to be paid in the event of a breach is called a liquidated damages clause.
When parties are entering into a contractual agreement, certain provisions are catered for in the contract which allows payment of a specified sum should one of the parties be in breach of contract. This is called liquidated damages clause.
The purpose of adding the clause ( liquidated damages clause) is to ensure sure parties to the contract understand and performs their duties accordingly.
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