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UNO [17]
3 years ago
11

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

Business
1 answer:
viva [34]3 years ago
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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On January 2, 2018, Schneider Company issues $100,000 of 6% bonds. Interest of $3,000 is payable semi-annually on June 30 and De
4vir4ik [10]

Answer:

$3,354.

Explanation:

$95,842 * 0.035 = $3,354.

5 0
3 years ago
Each vase requires one pound of clay in its manufacture. Victoria Corporation has a policy that the inventory of clay at the end
Veronika [31]

Answer:

2,840 pounds

Explanation:

The question is incomplete:

Victoria Corporation manufactures quality vases. Budgeted sales and production data for the vases are as follows:

Month 1 budgeted unit sales 2,000

Month 2 budgeted unit sales 2,500

Month 3 budgeted unit sales 3,200

Month 1 budgeted unit production 2,400

Month 2 budgeted unit production 2,700

Month 3 budgeted unit production 3,400

Raw material required for each finished unit (in pounds) 1

The ending inventory for each month should be equal to 20% of the next month's production needs. Each vase requires one pound of clay in its manufacture. Victoria Corporation has a policy that the inventory of clay at the end of each month needs to be equal to 20% of the production needs for the following month. At the beginning of January, 480 pounds of clay were in inventory. How many pounds of clay would Victoria Corporation need to purchase in February (Month 2)?

Materials budget

                                                      January            February

Units to be produced                   2,400               2,700

<u>Clay per unit                                     1                         1              </u>

Total clay needed for px              2,400               2,700

<u>+ desired ending inv.                       540                  680          </u>

Total materials required               2,940               3,380

<u>- beginning inventory                     -480                 -540          </u>

Purchase requirements                2,460               2,840

8 0
3 years ago
Read 2 more answers
As the manager of a successful accounting firm, you know that from January to April, your employees often feel great amounts of
Vadim26 [7]

Answer:

Talk to him or give him a holiday for the rest of the day

4 0
3 years ago
Mary Graham worked as a real estate agent for Piedmont Properties for 15 years. Her annual income is approximately $100,000 per
brilliants [131]

Answer and Explanation:

The computation is shown below:

a. The pre tax accounting profit is

= Revenue - operating expenses - salaries - depreciation - interest on loan

= $2,000,000 - $250,000 - $1,500,000 - $5,000 - ($500,000 × 15%)

= $2,000,000 - $250,000 - $1,500,000 - $5,000 - $75,000

= $170,000

b. The  pre tax economic profit is

= Revenue - operating expenses - salaries - foregone income - actual depreciation - interest on loan

= $2,000,000 - $250,000 - $1,500,000 - $100,000 - $20,000 - $75,000

= $55,000

The actual depreciation is

= $50,000 - $30,000

= $20,000

c. The explicit cost is the cost which includes wages & salaries, operating expense, depreciation expenses etc while the implicit cost includes the opportunity cost and annual depreciation cost

4 0
3 years ago
What is the foreign exchange market?
kkurt [141]

Answer: A.

Explanation:

6 0
2 years ago
Read 2 more answers
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