All categories

2 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.

You might be interested in

translation or specification gaps emerge when you focus too intently on industry standards or internal capabilities that are not

Basile [38]

Translation or specification gaps emerge when you focus too intently on industry standards or internal capabilities that are not aligned with customers’ real needs is true.

Hard and fast standards inside an industry regarding the usual functioning and sporting out of operations in their respective fields of production. In other words, it is the usually widespread necessities accompanied by the aid of the participants of an enterprise.

Exceptional enterprise requirements approach the standards which fall inside the top quartile inside the relevant enterprise for the supply of similar services which might be notably similar to the services or the relevant part of them, having regard to factors that include the nature and length of the events.

The primary purpose of industry standards is to make exceptional products compatible with every other and to make certain customers that they can thoroughly mix and suit products from exclusive brands. They pressure enterprise innovation, and price discounts and permit an expansion of value-effective, simple-to-use, holistic solutions.

Learn more about industry standards here brainly.com/question/1327488

#SPJ4

4 0

1 year ago

Crowding out occurs when.

Delicious77 [7]

When what? You didn’t console it

5 0

2 years ago

You are considering an investment in fields and struthers, Inc, and want to evaluate the firm's free cash flow From the income s

kirill [66]

Answer:

A.) $81,100,000

B.) $64,000,000

C.) $17,100,000

Explanation:

EBIT = $90 million

Tax rate = 21%

Depreciation = $10 million

gross fixed assets increased by $56 million

current assets increased by $44 million

current liabilities increased by $36 million

A.) Operating Cash flow for 2021

EBIT + Depreciation - (EBIT × Tax rate)

$90, 000,000 + 10,000,000 - (90,000,000×0.21)

100,000,000 - (18,900,000) = $81,100,000

B.) Investment in Operating capital for 2021:

Increase in gross fixed asset + (increase in current asset - increase in liability)

$56,000,000 + ( $44,000,000-$36,000,000)

= $56,000,000 + $8,000,000

= $64,000,000

C.) Free cash flow

Operating Cash flow - investment in operating

$81,100,100 - $64,000,000 = $17,100,000

3 0

2 years ago

Olivia bought a $1,874 sprinkler system with her credit card. Her credit card has an APR of 10.31%, compounded monthly. She made

Radda [10]

Answer:

Percentage of the total lifetime cost of the system that the original price made up = 59.07%

Explanation:

The monthly payments for the sprinkler system can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or original price of the sprinkler = $1,874

P = Monthly payment = ?

r = Monthly interest rate = APR / 12 = 10.31% / 12 = 0.1031 / 12 = 0.00859166666666667

n = number of months = number of years of payment * 12 = 4 * 12 = 48

Substitute the values into equation (1) and solve P, we have:

$1,874 = P * ((1 - (1 / (1 + 0.00859166666666667))^48) / 0.00859166666666667)

$1,874 = P * 39.1976732321759

P = $1,874 / 39.1976732321759

P = $47.81

Therefore, we have:

Total payment for the sprinkler = Monthly payments * Number of months = P * n = $47.81 * 48 = $2,294.88

Total cost in water = Cost in water per week * Number of weeks in a year * Number of years that Olivia kept the sprinkler system = $2.11 * 52 * 8 = $877.76

Total lifetime cost of the system = Total payment for the sprinkler + Total cost in water = $2,294.88 + $877.76 = $3,172.64

Percentage of the total lifetime cost of the system that the original price made up = (Original price of the sprinkler / Total lifetime cost of the system) * 100 = ($1,874 / $3,172.64) * 100 = 59.07%

4 0

2 years ago

The incentive to improve material well-being by seeking to gain from economic activities is called

Brums [2.3K]

Answer:

Profit Motive

Explanation:

Profit is the monetary gain or commercial reward for engaging in business. Profits increase the wealth of the entrepreneur.

The primary reason why Businesses are established is to generate profits for the owners. Entrepreneurs commit their resources, time, and efforts to avail goods and services to society expecting to make profits. The desire to increase wealth through profits is what drives people to start a business.

8 0

2 years ago