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Andrej [43]
3 years ago
9

Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.50 each. Complete th

e following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding.
Statement Price Control Binding or Not
1. Due to new regulations, donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so.
2. Price ceiling Binding The government has instituted a legal minimum price of $1.10 each for donuts.
3. Price floor Non-binding The government prohibits donut shops from selling donuts for more than $1.10 each.
Business
1 answer:
PSYCHO15rus [73]3 years ago
6 0

just saying hi hint use google like i do

Explanation:

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On November 30, Year 1, Parlor, Inc. purchased for cash at $15 per share all 250,000 shares of the outstanding common stock of S
zepelin [54]

Answer:

$275,000

Explanation:

Goodwill in business combination arises when the price paid in acquiring a business exceeds the fair value of the acquired business net assets . The fair value is used rather than the carrying amount to ensure fairness and an unbiased result

<u>Workings</u>

Purchase consideration = 250,000*15 =3,750,000

Percentage acquired = 100%

Fair value of net asset = 3,000,000+400,000+75,000= 3,475,000

Goodwill = 3,750,000=3,475,000 =275,000

6 0
3 years ago
A corporation has $7,000,000 in income after paying preferred dividends of $500,000. The company has 1,000,000 shares of common
Finger [1]

Answer:

Price earning ratio= 8  times

Explanation:

Price earning ratio = Price per share /Earnings per share

Price per share = 56, EPS =?

Price per share =56, EPS = Total earnings available to ordinary shareholders/Number of shares

7,000,000/1,000,000= $7  per share

Price earning ratio = 56/7= 8  times

Price earning ratio= 8  times

                         

8 0
3 years ago
A benefit of earning a salary instead of an hourly wage is
SCORPION-xisa [38]

B

Explanation:

An hourly wage is unfixed and can change depending on your ability but a salary doesn't change and ensures a continuous income

5 0
3 years ago
Read 2 more answers
Every morning, peter goes to one of the nearby convenience stores and buys a carton of levin's chocolate milk for breakfast. whe
Nady [450]

Answer:

a. brand loyalty

Explanation:

  • As Peter goes to the nearby shop every day and buys the same brand carton of levins chocolate milk for breakfast this shows that the peters are a brand loyal customers as he goes without the milk if not buying the popular brand.
5 0
3 years ago
What is a negative externality? Group of answer choices 1. Harm from economic activity that affects persons not involved in the
alukav5142 [94]

Answer:

Option 1 is correct.

Explanation:

There are two types of externality:

(i) Negative externality

(ii) Positive externality

Negative externality:

Suppose there is an economic transaction initiated between the two partners and this transaction reduces the consumption of third person, then this is known as the negative externality.

For example: Smoking is one of the example of negative externality. Smoking a cigarette is not only present in the consumption bundle of a person who smokes but it also affects the health of the other person who stands near that person. So, it reduces the consumption of non smoker.

3 0
3 years ago
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