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3 years ago

To what degree can governments control prices or quantities of goods and services exchanged?

1 answer:

5 0

<span>Governments have two main mechanisms for controlling the prices or quantities of goods and services exchanged, subsidies and taxes. Subsidies can be used to manipulate supply by rewarding supplies for producing, or not producing a target good. For internal trade, taxes can be used to manipulate demand by raising the cost of goods sufficiently that the potential pool of willing buyers is reduced. For external trade, tariffs offer similar effects.</span>

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LO 3.5If a firm has a contribution margin of $59,690 and a net income of $12,700 for the current month, what is their degree of

Mamont248 [21]

Answer:

4.7

Explanation:

The computation of the degree of operating leverage is presented below:

= Contribution margin ÷ Net income

= $59,690 ÷ $12,700

= 4.7

where,

Contribution margin = Sales - Variable costs

And, the net income would be

= Sales - Variable costs - Fixed costs

The net income is also known as earning before interest and taxes

5 0

4 years ago

During June, Buttrey Corporation incurred $73,000 of direct labor costs and $13,000 of indirect labor costs. The journal entry t

QveST [7]

Answer:

Dr. Cr.

Work in process $73,000

Manufacturing overhead $13,000

Account Payable $86,000

Explanation:

The Direct cost are those which are directly attributable to the product or service under consideration. Indirect cost are those which cannot be directly assigned to product or service cost. All the direct cost is added to the work in process account and indirect cost are included in the manufacturing overhead account.

4 0

3 years ago

From her sales income, barbara has subtracted cost of goods sold, operating expenses, interest expense, and taxes. what she has

Murrr4er [49]

The answer is net income
Net income is the amount of capital that the Company's made during an operational year after all relevant expenses have already been deducted.
Some amount of the net income will be shared to shareholders according to the percentage, and some of it will be put in company's capital to expand the operation.

6 0

4 years ago

Emery is a corporate officer of Frakking Mining Corporation. With respect to binding Frakking Mining to contracts, Emery is Grou

vivado [14]

With respect to binding Frakking Mining to contracts, Emery is: B. an agent and has the authority.

<h3>What is contract?</h3>

A contract can be defined as an agreement between two or more parties in which the parties involve tend to agreed to the terms and condition of the contract.

Hence, if Emery serves in a representative capacity for Frakking's Mining Corporation owners with regards to binding Frakking Mining to contracts, Emery is will be an agent and tend to have the authority.

Therefore the correct option is B.

Learn more about contract here:brainly.com/question/984979

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3 0

2 years ago

ROE is computed as: A. Net income attributable to controlling interest / Average equity attributable to controlling interest B.

Korvikt [17]

Answer:

The correct answer is E

Explanation:

ROE termed as or stand as Return on Equity, which is described as the profitability ratio that evaluates the firm ability for generating the profits from its shareholders investment in the company or firm.

The formula to represent ROE is value of Net Income attributable to the equity shareholders.

ROE = Net Income agter Taxes / Shareholders Equity

And there is one more formula which is a disaggregation of ROE into the non- operating as well as operating components, which is as:

ROE = [ROE +(FLEV × Spread)] x NCI

Therefore, option A and C are correct.

6 0

3 years ago