The outcome of the ceiling price $800 rent is that the quantity supplied will remains at the same.
<h3>What is a price ceiling?</h3>
This refers to a price order by the government that keeps a price from rising above a certain level known as the “ceiling”.
In the graph, the horizontal line at the price of $800 shows the maximum price set by the rent control law.
The forces that shifted the demand curve to the right are still there, but, at this price, the quantity supplied will remains at the same 15,000 rental units although the quantity demanded is 19,000 rental units.
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Answer:
income summary 14,000 debit
Retained Earnings 14,000 credit
Explanation:
The last step in the closing prosess it to transfer the income summary account balance into retained earnings.
Income Sumary will be used to close the temporary accounts which are, dividends, revenues and expenses:
Income Sumary
<u>Debit Credit</u>
to close revenues 75,000
to close expenses 42,000
to close dividends 19,000
totals: <u>61,000 75,000</u>
Balance: 14,000
this is the amount to transfer into retained earnings.
Answer:
b. Debit cash and d. Credit note payable
Explanation:
On borrowing from the bank, the entries to be posted by Pluto Inc. will be;
Debit Bank/Cash account $3000
Credit Credit note payable $3000
The credit represents the liability which is the obligation to payback the loan at a future date.
The right options are; b. Debit cash and d. Credit note payable.
Answer:
"Controlling
" is the right approach.
Explanation:
- Controlling was just one of the management's primary duties. To search out expected outcomes from either the respondents a supervisor must exert efficient management over all the respondents' behavior and actions.
- In several other terms, it could be described as guaranteeing that even an organization's operations are carried out under strategies.
Answer:
65% of the portfolio is invested in stock.
Explanation:
The weight of stock is assumed to be x.
Then, the Weight of Risk-Free Stock will be 1 - x.
Beta of Portfolio =![x\ \times\ 1.17\ +\ [\ ( 1\ -\ x)\ \times\ 0]](https://tex.z-dn.net/?f=x%5C%20%5Ctimes%5C%201.17%5C%20%2B%5C%20%5B%5C%20%28%201%5C%20-%5C%20x%29%5C%20%5Ctimes%5C%200%5D)
0.76 = 1.17 x
x = 0.76 / 1.17
x =0.64957
x = 64.957%
So, 65% of the portfolio is invested in stock.
