Answer:
1. Price ceiling, Binding
2. Price ceiling, Binding
3. Price floor, binding
Explanation:
Price ceiling is a government or group control limit on how high a product, commodity or service can be charged.
Price floor is a government or group limit on how low a product, commodity or service can be charged.
Binding simply means you are legally bound to something while non-binding means you are not legally bound to it.
Answer:
-$414,444.44
Explanation:
The computation of the net present value is shown below:
Net present value = Initial investment + net cash flows ÷ (required rate of return - projected growth rate)
= -$1,570,000 + $104,000 ÷ (12% - 3%)
= -$1,570,000 + $1,155,555.56
= -$414,444.44
Hence, the net present value is -$414,444.44
Since the net present value comes in negative so the project is rejected
Explanation:
1a : the set of articles or physical resources serving to equip a person or thing: such as. (1) : the implements used in an operation or activity : apparatus sports equipment. (2) : all the fixed assets other than land and buildings of a business enterprise. (3) : the rolling stock of a railway.
It would be the Banking act of 1933; made so that banks would be unable to invest their money so that people would have more faith in them.
Answer:
broad needs and many customers.
Explanation:
Cooper technologies offers several services that satisfy a broad range of needs, e.g. computer training, support, selling computers, etc. It tries to serve as many customers as then can. This is true for all companies, but Cooper Technologies would be the opposite to a company that provides services to a niche market. They try to offer a wide range of products and services to appeal to as many customers as possible with as many products and services as they can.
Cooper Technologies is like a handyman that satisfies all your computer related needs, it doesn't focus on only one or two services.