Answer:
C. Bluestone Properties is permitted to charge a rent of $2,350 for 2-bedroom apartments that would rent for $2,500 in an unregulated market.
Explanation:
Rent ceiling is a form of price control which is known as price ceiling.
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.
Rent ceiling increases consumer surplus and reduces Producer surplus.
Rent ceiling can lead to shortage of houses and emergence of black market.
Price ceiling is binding when it is set below equilibrium price.
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Answer:
Corpus Callosum
Explanation:
A large bundle of axon fibers. Connects left and right sides of brain. Thickens during adolescence, increasing ability to process information.
Answer:
$96,000
Explanation:
Total cash received during the period = beginning cash + cash received - ending cash
$38,000 + $74,000 - $16,000 = $96,000
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Answer:
The standard cost for one hat is $ 11.65
Explanation:
The standard cost of a hat is determined after consider all the manufacturing costs components in it. Based on the data available, it is calculated as under:
Standard Material 3/4 yards @ $ 4 per yard $ 3.00
Standard Labor 1 hour at $ 5.75 per hour $ 5.75
Factory overhead $ 2.90 per direct labor hour <u>$ 2.90</u>
Standard cost for one hat <u>$ 11.65</u>
The factory overhead has been considered at one hour, which is the direct labor hour in the standard calculation.
Answer:
-$850
Explanation:
The computation of the net income or loss using the cash method is shown below:
= Received cash from customers - accrued salary expense - paid electricity bill
= $1,870 - $2,590 - $130
= -$850
As we can see that the total of expenses is more than the revenue generated so it would be the net loss and the same is to be shown in a negative sign
Hence, the net loss is of -$850
