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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 1, a company purchased equipment that cost $10,000. The company has not yet recorded depreciation, which is estimated
finlep [7]

Answer:

The adjusting entry is:

Debit Depreciation Expense - Equipment $1,800

Credit Accumulated Depreciation - Equipment $1,800

To record depreciation expense.

Explanation:

The adjusting journal entry records the depreciation expense for the year and adds the expense to the accumulated depreciation account.  The accumulated depreciation account is a contra account to the Equipment account.  The purpose that this contra account serves is to keep the Equipment account at its cost value while the gradual write-off of its value is reflected in an opposite account.

3 0
3 years ago
All powder laundry detergent is packaged in small 2 oz. packets so it will be more affordable for low-income consumers. All dete
geniusboy [140]
D. income segmentation

The packaging for the laundry detergent is being improved upon for the benefit of “low-income consumers” and “tight budget” students. Therefore, the answer would be relative to income.
7 0
2 years ago
Review the blog: Cell-Phones Only---Whom Should Polls Call and answer the following questions: How might an organization like Pe
denis23 [38]

Answer:

Pew Research can get an accurate estimate by calling both cell phones and landlines. This is to also include some sample of the population that can be reached only through landlines.

Explanation:

When surveying a population for a particular factor or trait, a sample that is representative of the true population must be used. If Pew Research wants to get a correct estimate of the number of households using only cell phones, they need to also recognize the sample of the population that use landlines.

A small percentage of households still use landlines and these should be accounted for in any research or survey. Therefore, landlines should be used to reach households that use only landlines.

6 0
3 years ago
Crowl Corporation is investigating automating a process by purchasing a machine for exist793, 800 that would have a 9 year usefu
abruzzese [7]

Answer:

5.80% , option A is correct

Explanation:

The formula for the simple rate of return on the investment=annualprofit/net amount invested

annual profit amount=savings in cash operating costs-annual depreciation on the new machine=$133,000-$88, 200=$ 44,800.00  

net amount of investment=pruchase cost of new machine-the scrap value of the old machine=$793, 800-$21, 200=$ 772,600.00  

simple rate of return on  investment=$ 44,800.00/$ 772,600.00=5.80%

7 0
3 years ago
In the fourth stage of rational decision making, managers will _____. evaluate the alternatives and select a solution implement
Ludmilka [50]

Answer:

The correct answer is: implement and evaluate the chosen solution.

Explanation:

Companies generally use different strategies to make decisions to obtain the best benefits. For example, companies often use the rational decision-making process to focus on analysis and logic, leaving subjectivity aside.

Through this method, different steps of the decision-making method are followed to achieve the objectives proposed objectively.

<em>For example, in the fourth step, the chosen solution must be implemented and evaluated, the managers are in charge of analyzing and executing the action plan</em>, in this way they evaluate each result obtained to know if the actions taken are the best and are reaching their goals.

<em>I hope this information can help you.</em>

6 0
3 years ago
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