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3 years ago

The imposition of a binding price floor on a market causes quantity demanded to be

1 answer:

5 0

A price floor is the mining price that can be charged for an item. A binding price floor is a price set above market average pricing. Since the government regulates this and will not let them sell below the average market price, the price is set in stone for the products price in the market.

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Until January 1, 2012, the price for ethanol consumers in the United States was higher than world free-market price by $0.54 per

Bad White [126]

Answer:

Specific tariff

Explanation:

Specific tariff - it is referred to as the charge that is imposed by the US government on any imported item. it is applied per unit items. it can be considered as the tax that the US government levied on import items. it is referred to as a trade barrier focus to reduce the amount of import from tie-up countries

Fir above context, $0.54 as import tax is applied by the US government on imports of ethanol.

8 0

3 years ago

Duffert Industries has total assets of $940,000 and total current liabilities (consisting only of accounts payable and accruals)

Studentka2010 [4]

Answer:

ROE = 13.04%

ROIC = 7.83%

Explanation:

Data provided in the question:

Total assets = $940,000

Total current liabilities = $130,000

Interest rate on its debt = 8%

Tax rate = 40%

The firm's basic earning power ratio = 14%

Debt-to capital rate = 40% = 0.40

Now,

Basis earning power = EBIT ÷ Total Assets

EBIT = Basis earning power × Total assets

= 14% × $940,000

= $131,600

Total Assets = Total Debt + Total Equity + Total Current Liabilities

$940,000 = Total Debt + Total equity + $130,000

Debt + Equity = $940,000 - $130,000

= $810,000

Debt to capital ratio = Debt ÷ [ Debt + Equity ]

0.40 = Debt ÷ $810,000

Total Debt = $324,000

Thus,

Debt + Equity = $810,000

$324,000 + Equity = $810,000

Equity = $810,000 - $324,000

= $486,000

Interest = 8% of Debt

= 0.08 × $324,000

= $25,920

Taxes = 40% of [ EBIT - Interest ]

= 0.40 × ($131,600 - $25,920 )

= $42,272

Therefore,

ROE = [ EBIT - interest - Taxes ] ÷ Equity

= [$131,600 - $25,920 - $42,272 ] ÷ $486,000

= 0.1304

= 13.04%

ROIC = [ EBIT - interest - Taxes ] ÷ Total capital

= [$131,600 - $25,920 - $42,272 ] ÷ [Debt + Equity]

= [$131,600 - $25,920 - $42,272 ] ÷ $810,000

= 0.0783 = 7.83%

5 0

3 years ago

Ang Li has found it rather hard to move up in her managerial career at her workplace especially when compared to how fellow grad

aleksklad [387]

Answer: A glass ceiling

Explanation:

A glass ceiling is basically refers to the hidden barrier that monitoring the women advancement and also the minority level based on the leadership position, careers and also the discriminate in the workplace.

According to the given scenario, the given situation suggesting about the presence of a glass ceiling in the Li's organization due to the discrimination in the workplace on the basis of achievement an also the high qualification.

Therefore, Glass ceiling is the correct answer.

5 0

3 years ago

Why is one dollar now worth more than one dollar in the future?

Galina-37 [17]

Because then there will be a limited amount of supplies and resources on Earth, so the value will be rare and expensive.

4 0

3 years ago

Widget Inc. manufactures widgets. The company has the capacity to produce 100,000 widgets per year, but it currently produces

gayaneshka [121]

Answer:

$62,100

Explanation:

Given that,

Sales price per unit = $ 40

Variable costs per unit:

Manufacturing = $ 23

Marketing and administrative = $ 8

Total fixed costs:

Manufacturing = $ 76,000

Marketing and administrative = $24,000

Total incremental costs:

= Variable manufacturing + Variable marketing and administrative

= (6,900 × $23) + (6,900 × $8)

= $158,700 + $55,200

= $213,900

Incremental income:

= Incremental revenue - Total incremental costs

= (6,900 × $40) - $213,900

= $276,000 - $213,900

= $62,100

Therefore, the operating income increases by $62,100.

7 0

3 years ago