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3 years ago

Which situation is the most likely result of a price ceiling being set below the equilibrium price?

1 answer:

8 0

<span>The equilibrium price is basically the ideal price that is determined when the demand and the supply for an item is equal. If you place the price bellow the equilibrium price, the price of the product will be lower than what the market is willing to pay, and as result you will have surplus of the item in the market.</span>

<span>The correct answer is b.</span>

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Rice Corp. recognizes revenue over time to account for long-term contracts and has the following information for the first year

trasher [3.6K]

Answer:

D.) $75,000

Explanation:

Amount of revenue recognized = Cost incurred to date / Estimated total cost * Contract price

Cost incurred to date=60,000

Estimated total cost=400,000

Contract price=500,000

Amount of revenue recognized= 60,000/400,000 * 500,000

=0-15 * 500,000

=$75,000

Amount of revenue recognized in year 1 is $75,000

8 0

3 years ago

Staples sells office supplies and machines, furniture, and business services both in stores and online. It sells every kind of s

tatiyna

Answer:

The correct answer is letter "A": industry-wide differentiation strategy.

Explanation:

An industry-wide differentiation strategy aims to broaden the scope of a business that is specially dedicated to the retail of products of a certain industry. The company keeps focusing on the same industry but supplying more related products consumers their typical consumers are likely to purchase. Part of the strategy implies reaching new markets, thus, investment in new locations might be necessary.

5 0

3 years ago

Today, most salespeople are well-educated, well-trained professionals who work to build and maintain long-term customer relation

stepladder [879]

Answer:

b. False

Explanation:

The above is false because sales people are supposed to build and maintain long term relationships with their customers by listening to and assessing their needs and not teaching their customers. Sales people create a concerted effort towards solving those needs experienced by their customers.

A salesperson represent the image of the company he or she is selling for, hence must be professional and well trained because the company gets profit through his interactions with the customers. This means that before the company gets profit, customers must be satisfied because these salespeople act as critical link between the company and its customers.

4 0

3 years ago

An informal trade barrier is created by government actions.<br> Oa. True<br> Ob. False

Degger [83]

The answer is true let me know if I helped

7 0

3 years ago

A property is assessed at $64,410. the county tax rate is 8.9 mills per dollar. what would the monthly payment for taxes be to t

Marta_Voda [28]

The monthly payment for taxes be to the escrow account to $48

$48 Assessed value × tax rate = annual tax amount ÷ 12 = monthly tax amount

8.9 mills ÷ 1,000 = 0.0089 tax rate

$64,410 × 0.0089 = $573.25 annual tax ÷ 12 = $47.77, rounded to $48

<h3>What is property?</h3>

Anything over which a person or a company has legal ownership is considered property. Property can refer to both real objects, like homes, automobiles, or appliances, as well as intangible items with the potential for future value, like stock and bond certificates.

Corporeal property and incorporeal property are the two primary forms of property. Corporeal Property is visible and tangible, but incorporeal Property is not. Additionally, corporeal property refers to the ownership of tangible objects, whereas incorporeal property refers to an intangible right in real estate.

To learn more about property visit:

brainly.com/question/13130806

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5 0

2 years ago