Answer:
a. landlords will begin decreasing the quality of one-bedroom apartments by not making repairs or paying for upkeep.
Explanation:
Price ceiling is when the government or an agency of the government sets the maximum price for a good or service.
Rent control is a form of price ceiling.
Price ceiling is binding when it is set below the equilibrium price.
Consequences of rent control includes :
1. landlords will begin decreasing the quality of one-bedroom apartments by not making repairs or paying for upkeep. Tjeu would do this to retain as much profits as possible since the government has placed a cap on rents.
2. Landlords would reduce their supply of houses and this would lead to scarcity.
3. Development of black markets. Black markets would develop where houses would be sold at more than $750/month .
4. The rental market would become less efficient.
I hope my answer helps you
Yes she excessive debt because lets get one thing straight why does she have to pay monthly for furniture!
Answer and Explanation:
The preparation of the analysis is shown below:
Particulars Retained equipment Replace equipment Net income change
Variable cost $1,560,000 $1,230,000 $330,000
($520,000 × 3 years) ($410,000 × 3 years)
New machine cost $300,000 -$300,000
Net change $30,000
So based on the analysis the old machine should be replaced
Therefore we considered all the information given in the question
True. Credit sales are sales that have already been made but the money is still due, so you are still waiting to receive it.
Answer:
If volume reaches 500 units, net income will be: $715
Explanation:
When volume of sales was at 400 units:
Selling price per unit = Sales Revenue/400 = $1,600/400 = $4
Variable Cost per unit = Variable Cost/400 = $700/400 = $1.75
If volume reaches 500 units:
Total Sales Revenue = $4 x 500 = $2,000
Variable Cost = $1.75 x 500 = $875
Fixed Cost will not change = $410
Net income = Total Sales Revenue - Variable Cost - Fixed Cost = $2,000 - $875 - $410 = $715