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pashok25 [27]
3 years ago
5

The U.S. Department of Agriculture guarantees dairy producers that they will receive at least $1.00 per pound of butter they sup

ply to the market. Below is the current monthly demand and supply schedule for wholesale butter (in millions of pounds per month).Price (dollars per pound) Quantity of Butter Demanded (millions of pounds) Quantity of Butter Supplied (millions of pounds) $0.80 107     63   0.90 104    71   1.00 101    79   1.10    98    87   1.20    95    95   1.30    92 103   1.40    89 111   1.50    86 119   1.60    83 127   1.70    80 135   1.80    77 143a. In the butter market, the monthly equilibrium quantity is ________ million pounds and the equilibrium price is $___________ per pound.b. What is the monthly surplus created in the wholesale butter market due to the price support (price floor) program?a.11 million poundsb. 22 million poundsc. Zerod. 79 million pounds
Business
1 answer:
Roman55 [17]3 years ago
3 0

the price is 546

because you add all that and you get that muchh

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Oksana_A [137]

Answer:

1. False

2. False

3. False

4. True

5. True

Explanation:

1.

Sarbanes-Oxley Act was a federal law that was established by congress to sweep auditing and financial statements for public companies. The main aim for this was to improve the investor confidence by improving reliability in accounting statements. Errors in the financial statements for the public companies were to be minimized following this law especially in the wake of numerous cases of corporate crime. This law was never passed to ensure that investors only invest in companies that will be profitable, since the choice of which company to invest in is exclusively left to the investor. So the above statement is false.

2.

Ethics can be defined as a set of rules and regulation that govern the moral behavior of someone. Ethical standards vary from one region to another since they are majorly cultural, for example; a behavior in the United States can be considered as appropriate while the same behavior in a different place can be inappropriate. Ethical standards are either right or wrong, and the actions are judged on these terms. Ethics don't measure whether a actions are loyal or disloyal, thus the statement is false.

3.

The primary accounting standard setting body in the United States is Financial Accounting Standards Board (FASB). This body is charged with regulating and setting the best standard of accounting practice. The FASB usually constitutes a board whose officials are rigorously assessed. The board members have to be professionals in the field of accounting.  Securities and Exchange Commission on the other hand is an independent federal agency with the authority to enforce federal security laws. Thus the statement above is false.

4.

The historical cost principle suggests that the companies record assets cost at their original cost and continue to report them at their original cost over the time the asset is held. The historical cost principle is a generally accepted accounting principle that has been in use for a long time. The definition about the historical cost principle in the question above is therefor true.

5.

The monetary unit assumption dictates that business related activities be converted to monetary units. There are some business transactions that are however quite difficult to convert into monetary units, therefor the accountant in using this principle is only obliged to record only the transactions that can be measured in money terms. The statement about monetary units in the question above is thus true.

8 0
3 years ago
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inessss [21]

Answer:

Sexual Harassment

Explanation:

Based on the information provided within the question in regards to the situation at hand it can be said that Connie's experiences are best described as Sexual Harassment. This term refers to when another person exhibits inappropriate sexual remarks or behavior towards you in a professional or social situation. Which is what Connie's boss is doing by making inappropriate sexual advances towards here after she explicitly told him to stop.

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7 0
3 years ago
ASAP I WILL GIVE BRAINLEST AND ILL PAY YOU
REY [17]

Answer:

The dollar has depreciated relative to the euro

Explanation:

If I exchange you a lesser amount of money in U.S. currency for a bigger amount in Euros when trading money, that means the value of my money is more. So if I were to exchange $1000 for 750 euros instead of 800 euros, the value of a euro eithed went up or the value of a U.S. dollar went down

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2 years ago
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morpeh [17]

Answer:

a. (1) make the plan, then (2) carry out the plan.

Explanation:

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