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3 years ago

15Question(1 point) 1st attempt What will happen in a market where a nonbinding price floor is removed? Choose one:

Business

1 answer:

djverab [1.8K]3 years ago

4 0

Answer:

A. The price or quantity of the product sold on the legal market will not change.

Explanation:

Non-binding price floors are price floors that are set at lower points that the actual market value, so removing it will have little to no effect on the actual market because it wasn´t being taken into account from the start, price floors are set to ensure that a certain product does not go lower than a certain price to control prices, if the price in the market is between the floor and ceiling price nothing will happen if the price floor is removed.

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Write product user acceptance criteria, project-management related deliverables and product-related deliverables for new parking

tekilochka [14]

Answer:

Explanation:

Acceptance conditions (AC) are the requirements that may be met by a software application to be approved by a company, a consumer, or other programs. These are special to each user experience and describe the features from the point of view of the

One of the project manager’s primary functions is to accurately document the deliverables of the project and then manage the project so that they are produced according to the agreed-on criteria. Deliverables are the output of each development phase, described in a quantifiable way.

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3 years ago

_____ season in a tourist destination includes the in-between times of spring and fall.

Zanzabum

Answer:

The correct answer is the option C: shoulder.

Explanation:

Shoulder seasons is the name given, in tourist destinatios, to the season that includes the time in between both spring and fall, therefore high and low seasons. Common characteristics of this type of season is that less people is founded there, but there still are a bunch that moves the economy of the place, also the prices are not too expensive but nither too cheap and to add more, the wheather can be mild most of the time.

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3 years ago

Which of the following is an example of an action that is part of making a rational choice

almond37 [142]

Doing a cost benefit analysis is a part of making a rational choice.

Explanation:

Cost benefit analysis, some of the time likewise called benefit cost analysis or advantage costs investigation, is an efficient way to deal with assessing the qualities and shortcomings of choices used to decide choices which give the best way to deal with accomplishing benefits while safeguarding reserve funds.

A cost-benefit analysis is the simplest way of comparing your options to determine whether to go ahead with a project. The idea is to weigh up project costs against benefits, and identify the action that will give you the most bang for your buck.

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4 years ago

At January 1, 2019, Vaughn Manufacturing has beginning inventory of 2000 surfboards. Vaughn estimates it will sell 7000 units du

Iteru [2.4K]

Answer:

Sales revenues= $1,317,150

Explanation:

Giving the following information:

Vaughn estimates it will sell 7000 units during the first quarter of 2019 with a 12% increase in sales each quarter.

Selling price= $150

First, we need to calculate the number of units to be sold in the third quarter:

Sale in units= 7,000*1.12^2= 8,781

Now, sales revenues:

Sales revenues= 8,781*150

Sales revenues= $1,317,150

6 0

3 years ago

Noah Construction Company is building a large complex for a contract price of $5,000,000. This is a three-year project and the r

Zepler [3.9K]

Answer:

$625,000

Explanation:

Calculation for how much income is recognized in Year 3

First step

Year 1 2 3

Cost incurred Till date

1000 (1000+1500)2500 (2500+1250)3750

Estimated cost to complete

3000 1500 0

Total cost of contract

4000 4000 3750

Second step

Using this formula to calculate for the percentage of completion for each year

Percentage of completion =Cost incurred till date /Total cost

Let plug in the formula

Yeat 1= 1,000/4,000 =25%

Year 2= 2,500/4,000 =62.5%

Year 3=3,750/3,750 =100%

Last step

Year 1 2 3

Contract price 5000 5000 5000

Less:Total cost (4000) (4000) (3750)

Gross profit 1000 1000 1250

Percentage of completion

25% 62.5% 100%

Gross profit to be recognized till date (1000*25%)=250 (1000*62.5%)=625 (1250*100%)=1,250

Less:Gross profit recognized till prior year

0 -250 -625

Gross profit to be recognized in current period

250 375 625

Hence;

Year 1 Gross profit is $250,000

Year 2 Gross profit is $375,000

Year 3 Gross profit is $625,000

Therefore the amount of income recognized in year 3 will be $625,000

8 0

3 years ago