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podryga [215]
3 years ago
7

If the equilibrium price of avocados is $4 and the government issues a price ceiling of $4.50, what is likely to happen in the m

arket for avocados? Group of answer choices The equilibrium price will remain unchanged from the price ceiling. The equilibrium price will rise to $4.50 as a result of the price ceiling. A shortage of avocados will result from the price ceiling. A surplus of avocados will result from the price ceiling.
Business
1 answer:
Marat540 [252]3 years ago
6 0

Answer:

A surplus of avocados will result from the price ceiling.

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

A price ceiling is binding when it is set below equilibrium price.

The price ceiling ($4.50) is less than the equilibrium price ($4) of avocados. As a result, surplus would increase. The supply of avocados would exceed the demand because price ceiling is above equilibrium price

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You are the newly assigned project manager to a major IT upgrade project in your global company. How will you determine the risk
kap26 [50]

Answer:

I have to identify the risk factors in the project and then gauge the willingness of the company to take such risks.

Explanation:

Risk tolerance is the willingness of an organization or an individual to take certain risks. The risk tolerance level of a person or organization can be classified as either high or low. For a project manager who wants to determine the risk tolerances associated with his project, he has to first identify the risk factors, and then try to know the risk level and if indeed this level is acceptable within the organization's culture and standard.

The project manager would do well to plot a graph that would show the probability of a risky action happening or not. A risk tolerance line is now obtained from where the project manager can know if that risk is tolerable by organization standards. The extent of job security would also help in determining the amount of risk a manager can take. However, they are still expected to stay within the standards of the organization.

8 0
3 years ago
At the high level of activity in November, 12000 machine hours were run and power costs were $22000. In April, a month of low ac
NISA [10]

Answer:

The estimated fixed cost element of power costs is $10,000

Explanation:

For computing the fixed cost first we have to calculate the variable cost per unit which is shown below:

= (High power cost -  low power cost) ÷ (High machine hours - low machine hours)

= ($22,000 - $15,000) ÷ (12,000 - 5,000)

= $7,000 ÷ 7,000

= $1

Now the fixed cost would be

= (High power cost) - (high machine hours × variable cost per unit)

= $22,000 - 12,000 × $1

= $22,000 - $12,000

= $10,000

4 0
3 years ago
If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs
Ahat [919]

Answer: $228,900

Explanation:

Manufacturing overheads =  Factory depreciation + Factory utilities + Indirect labor + Factory rent + Factory property taxes + Indirect materials

= 65,600 + 30,900 + 22,600 + 47,800 + 28,700 + 33,300

= $228,900

6 0
3 years ago
For Apple Iphone 12 Launch advertisement, answer the below with short answers (Not essay):
kaheart [24]

structure because it's all about how you put it together

4 0
2 years ago
Key comparative figures for Apple and Google follow.
kow [346]

Answer:

1. <u>Apple</u>

Current year Days sales uncollected = Account receivables/Net sales * 365

= 15754 / 215639 * 365 = 27 days

= 16849 / 233715 * 365 = 26 days

<u>Google</u>

Current year Days sales uncollected = Account receivables/Net sales * 365

= 14137 / 90272 * 365 = 57 days

Prior years Days sales uncollected = Account receivables/Net sales * 365

= 11556 / 74989 * 365 = 56 days

2. Base on the computation above, Apple had more success collecting receivables.

7 0
3 years ago
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