Answer:
c. there will be a shortage of the good.
Explanation:
The market for apples is in equilibrium at a price of $0.50 per pound. If the government imposes a price ceiling in the market at a price of $0.40 per pound: c. there will be a shortage of the good.
The correct answer is - c. there will be a shortage of the good.
Reason -
At the equilibrium price, the demand = supply
If the price is increased by the equilibrium price then, there are more customers(i.e. quantity demanded is increase ) and there is shortage of goods (i.e quantity supplied will decrease)
So, the correct option is - c. there will be a shortage of the good.
Answer:
$56.40
Explanation:
Value of the share = D10/(r-g)
Value of the share = 14/(0.125-0.039)
Value of the share = 14/0.086
Value of the share = $162.79
The current price of the share = Value of the share / (1+R)^9
The current price of the share = 162.79/1.125^9
The current price of the share = 162.79/2.88650757819
The current price of the share = 56.39687254937967
The current price of the share = $56.40
Answer: Synergy.
Explanation:
Synergy occurs when different departments in an organization comes together to share ideas and resources with the sole aim of completing a project. A synergy for example, can be formed between the production and the marketing departments of a company to yield increase in sales.
Answer:
Direct material quantity variance= $840 unfavorable
Explanation:
Giving the following information:
Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product.
The company used 630 pounds of direct materials to make the 7,000 units.
To calculate the direct material quantity variance, we need to use the following formula:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (600 - 630)*28
Direct material quantity variance= $840 unfavorable
Answer:
Inventory TurnOver 8.35
Days outstanding 43.71
Average days outstanding 21.86
Explanation:
Inventory TO 8.35
This means the inventory is being sold 8.35 times during the year
Days on Inventory 43.71
The entire inventory is being replaced every 43.71 days
If we assume the batch is sold uniformly over those days
then the haverage wil lbe half of the days outstading:
43.71 / 2 = 21,855 = 21.86
