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3 years ago

A price ceiling is binding when it is set

Business

2 answers:

Zielflug [23.3K]3 years ago

8 0

B.below the equilibrium price, causing a surplus

zloy xaker [14]3 years ago

3 0

Answer:

below equilibrium price, causing a shortage.

Explanation:

In market economies, the equilibrium price of goods and services is determined through the interaction between supply and demand. The price ceiling is a form of competitive market intervention in which the government sets a maximum price below the equilibrium price. Thus, producers tend to decrease their supply for the product as the profit perspective decreases. As a result, product shortages may occur. For example, if the equilibrium price of the sack of corn is $ 20 if the government sets a price ceiling of $ 15, corn growers can only sell it for $ 15. As a result, corn production and supply tend to decrease.

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Tactical managers are often referred to as _____ managers

Liula [17]

Tactical managers are often known as the middle manager.

Manager in the middle. Middle-level managers are superior to front-line managers and team leaders. They are responsible for transforming the basic goals and plans set by strategic managers into more particular objectives and activities. They are also known as tactical managers.

Furthermore, the middle manager serves as a communication conduit inside the business, relaying significant leadership decisions and the organization's principal goals to lower-level personnel. This adds to greater worker collaboration and makes a firm more cohesive.

Therefore, the answer is middle manager.

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2 years ago

On October 1. Ebony Ernst organized Ernst Consulting, on October 3. the owner contributed $84,310 in assets in exchange for its

LuckyWell [14K]

Answer and Explanation:

The Preparation of the statement of cash flows is shown below:-

Ernst Consulting

Statement of cash flows

For the year ended Oct 31

Particulars Amount

Cash flow from operating activities

Cash paid for salaries -$2,160

($7,350 - $5,190)

Cash paid for rent -$3,910

Paid cash for telephone

expense -$790

Paid cash for miscellaneous

expense -$610

Net cash flow from operating activities -$7,470

Cash flow from investing activities

Purchase of equipment -$18,310

Net cash flow from investing activities -$18,310

Cash flow from financing activities

dividend paid -$2340

Initial investment in Cash $38,320

Net cash flow from financing activities $35,980

Net cash increase/decrease $10,200

Beginning Cash 0

Ending Cash $10,200

Therefore we indicate the minus sign for cash outflow while the positive amount shows cash inflow.

3 0

3 years ago

A firm will work with a customer to design the product, and then make it from purchased materials, parts, and components. this f

drek231 [11]

A firm will work with a customer to design the product, and then make it from purchased materials, parts, and components. this firm is called a make order firm.

A firm is a for-profit business, generally formed as a partnership that provides professional services, along with criminal or accounting offerings. The theory of the firm posits that firms exist to maximize profits. The term firm is synonymous with enterprise or organization. firms can operate beneath several distinct structures, including sole proprietorships and corporations.

In income, commerce, and economics, a customer is a recipient of a good, service, product, or idea - obtained from a seller, vendor, or supplier via a monetary transaction or change for money or some other valuable consideration.

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8 0

2 years ago

Pinkie Print Supplies, Inc., sells laser printers and supplies. Assume Pinkie started the year with 100 containers of ink (ave

ArbitrLikvidat [17]

Answer:

Instructios are listed below

Explanation:

Giving the following information:

Assume Pinkie started the year with 100 containers of ink (average cost of $ 9.10 each, FIFO cost of $ 8.60 each, LIFO cost of $ 8.00 each).

During the year, the company purchased 800 containers of ink at $10.00 and sold 600 units for $21.75 each. Pinkie paid operating expenses throughout the year, a total of $ 5,000.

FIFO:

Sales= 600*21.75= 13,050

COGS= (100*8.60 + 500*10)= 5860

Gross profit= 7190

Operating expense= 5000

Net operating profit= $2,190

LIFO:

Sales= 13,050

COGS= (600*10)= 6000

Gross profit= 7,050

Operating expense= 5000

Net operating profit= $2,050

Average-cost

Sales= 13,050

COGS= [(9.10+10)/2]*600= 5730

Gross profit= 7,320

Operating expense= 5000

Net operating profit= $2,320

6 0

3 years ago

Rizzo Goal Inc. produces and sells hockey equipment, often custom made for online orders. The company has the following performa

forsale [732]

Answer and Explanation:

The computation is shown below:

a. The new customer retention rate is

(a) the day above 3 days from order to delivery

= 3.5 - 3

= 0.5 days

And,

The reduction in customer retention rate is

= 0.5 × 1%

= 0.5%

errors above three per month is

= 6 - 3

= 3

The reduction in customer retention rate is

= 3 × 1.5%

= 4.5%

So, the new customer retention rate is

= 60% - 0.5% - 4.5%

= 55%

(b) The total reduction in customer retention rate is

= 0.5 + 4.5

= 5.0%

The reduction in market share is

= 5% × 0.5

= 2.5%

Now

New market share is

= 21.4% - 2.5%

= 18.9%

8 0

3 years ago