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Nostrana [21]
3 years ago
11

The rationing function of prices refers to the fact that government must distribute any surplus goods that may be left in a comp

etitive market.
(A) True
(B) False
Business
1 answer:
natulia [17]3 years ago
4 0

Answer: false

Explanation: The rationing function of price describes the way in which the use of price is done for rationing of several scarce resource. This is done automatically by the market forces of demand and supply as when the demand for a commodity exceeds its supply the price of the commodity rises leading to decrease in demand.

Thus, rationing function states to ration the goods and distribute them carefully and not to distribute the surplus amount.

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Nordstrom sells designer suits made in italy in its stores in the united states. nordstrom is ____ suits. a. importing b. taxing
erica [24]

Importing

What is Importing?
An import is an item or service that is purchased outside of its nation of origin. International trade is made up of imports and exports. A country has a negative trade balance, or a trade deficit, if the value of its imports exceeds the value of its exports. Since 1975, the US has had a trade imbalance. The U.S. Census Bureau estimates that in 2019, the deficit was $576.86 billion.

To learn more about Importing
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8 0
1 year ago
In eight years, when he is discharged from the Air Force, Steve wants to buy a $30,000 power boat. Click here to view Exhibit 12
IceJOKER [234]

Answer:

The correct answer is:

(1) $15,054

(2) $12,990

Explanation:

The required table is not given in the question. Please find below the attachment of the table.

Given:

Future value,

= $30,000

If discounting rate is 9%, the present value will be:

= Future \ value\times PV \ factor(9 \ percent, 8 \ years)

= 30000\times (\frac{1}{1.09} )^8

= 30000\times 0.5018

= 15,054 ($)

If discounting rate is 11%, the present value will be:

= Future \ value\times PV \ factor(11 \ percent, 8 \ years)

= 30000\times (\frac{1}{1.11} )^6

= 30000\times 0.433

= 12,990 ($)

8 0
3 years ago
Zephyr Inc. sells wind based systems for generating electricity. The company pays no dividends, but you estimate the stock will
kari74 [83]

Answer:

The price you should be willing to pay for this stock= $24.86

Explanation:

To estimate the stock will be worth $50 per share 5 years from now and you require a 15% rate of return for stock investments of this type . Therefore  50= xX1.15^5  by solving this equation we have  x= 24.86  . The price you should be willing to pay for this stock= $24.86

7 0
3 years ago
Company expects to sell 1 comma 500 units of finished product in January and 1 comma 750 units in February. The company has 180
alina1380 [7]

Answer:

2720 units; 1806 units

Explanation:

Ending Inventory in February = 80% x 1820 = 1456 units

Ending Inventory in January = 80% x 1750 = 1400 units

Budgeted production in January = Budgeted sales in Jan + Ending Inventory in Jan - Begining Inventory in Jan = 1500 + 1400 - 180 = 2720 units

Budgeted production in February = Budgeted sales in Feb + Ending inventory in Feb - Begining Inventory in Feb = 1750 + 1456 - 1400 = 1806 units

6 0
3 years ago
The chart lists three different sets of career qualifications in the Marketing, Sales, and Service career cluster.
KengaRu [80]

Answer:

The qualification that would best help Payal in getting a job in marketing manager is creativity and skills for analyzing. Option A is correct.

Marketing managers analyze industry trends and demand for products and services seeking to develop a strategy to market the product or service. Furthermore, they tend to help sales engineers, financial staff, and advertising companies to ensure they have a successful strategy to implement.

Explanation:

6 0
3 years ago
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