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3 years ago

A binding price ceiling on apartments (effective rent control) will:

Business

1 answer:

My name is Ann [436]3 years ago

4 0

Answer:

D) cause the quantity demanded to exceed the quantity supplied of rental housing.

Explanation:

A price ceiling is a binding government regulation in which it puts a cap on the price landlords can charge tenants to rent their properties. If this happens, there could be a rapid significant increase in the demand of apartments. This would lead to excess demand that the existing supply cannot meet , creating a shortage. The property owners may also choose to not rent their apartment at that lower price driving the supply even lower.

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North Dakota Corporation began operations in January 2020 and purchased a machine for $27,000. North Dakota uses straight-line d

andrew-mc [135]

Answer and Explanation:

The Journal entry is shown below:-

Income tax expense Dr, $40,025

To Deferred tax liability $2,025

To Income tax payable $38,025

(Being income taxes for the year 2020 is recorded)

Working note:-

Excess depreciation = ($27,000 × 50%) - ($27,000 ÷ 4)

= $13,500 - $6,750

= $6,750

For Deferred tax liability = $6,750 × 30%

= $2,025

For Income tax payable = ($157,000 - $23,500 - $6,750) × 30%

= $126,750 × 30%

= $38,025

6 0

3 years ago

Name the institution that makes it possible for investors to buy and sell shares in South Africa

olga2289 [7]

Answer:

Johannesburg Stock Exchange

Explanation:

6 0

2 years ago

Which of the following are examples of reportable incidents? choose all that apply

Andrews [41]

Answer:

a healthcare provider failing to respond to a patient’s alarm

a malfunctioning heart monitor

a healthcare provider’s unexplained absence

4 0

2 years ago

Evans products uses a process costing system with two processing departments: the mixing department and the finishing department

Mice21 [21]

Answer:

A debit to Work-in-Process Inventory, Finishing Department of $140,000

Explanation:

Data provided

Cost transferred per unit = $4

Units transferred = 35,000

Total cost of units transferred = Cost transferred per unit × Units transferred

= $4 × 35,000

= $140,000

Therefore Process department is a finishing department. From the last processing department to finished goods and when only finished goods are debited.

$140,000 will be paid to the Work-in-Process Inventory, Mixing Department and debited to the Finishing Department, Work-in-Process Inventory.

3 0

3 years ago

Wearing a headset or earplugs while driving is legal

ruslelena [56]

The answer would be B

4 0

3 years ago

Read 2 more answers