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3 years ago

Price controls can cause _____.

Business

2 answers:

aliina [53]3 years ago

8 0

Anger from citizens???

Lorico [155]3 years ago

4 0

Price control can cause shortages and surpluses depending on whether it is the maximum or minimum price control. Hope it helps!

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Which of the following statements is false? a. A credit is a deposit to a checking account. b. A debit is a withdrawal from a ch

allsm [11]

Answer:

c. An overdraft is a fee your bank charges you for opening a checking account.

Explanation:

Checking account is a deposit account with a bank or any financial institution that allows the owner of such account to make withdrawals and deposits. They are also known as demand accounts or transactional accounts. They are very liquid and allows for countless deposits and withdrawals and can be obtained by using automated teller machines, checks and electronic debits, and a number of other methods.

A checking account is unlike other bank accounts like less liquid savings or investments account it allows for countless withdrawals and unlimited deposits, and savings accounts sometimes limit both.

The statement that an overdraft is a fee that banks charges for opening a checking account is false.

Overdraft is a form of extension of credit from a finiancial institution and often granted when an account reaches zero. it allow such account holder to continue withdrawing money even though the account has no funds or insufficient funds that would cater for and cover the amount of the withdrawal. So it is not the fee that bank charges for opening a checking account, instead what checking account offers is overdraft protection in which if a checking account owner write a check or make a purchase than the funds in the checking account, the bank may cover the difference.

8 0

2 years ago

Read 2 more answers

Suppose operation X feeds directly into operation Y. All of X's output goes to Y, and Y has no other operations feeding into it.

Maurinko [17]

Answer:

72 percent

Explanation:

The computation of the Y's maximum possible utilization is given below:

In the case when the maximum output received from C is 72 units per hour so the maximum input rate to Y should also be 72 units per hour as X and Y are linked in series

So as per the given situation, Y's maximum possible utilization is 72 percent

The same should be considered and relevant

4 0

2 years ago

These are the general term for the factors of production used in the making of goods and services.

Margaret [11]

These include any resource needed for the creation of a good or service. The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress.

4 0

3 years ago

Read 2 more answers

What is the PV of an ordinary annuity with 5 payments of $4,700 if the appropriate interest rate is 4.5%? a. $17,690 b. $18,621

hammer [34]

Answer:

PV= $20,632.89

Explanation:

Giving the following information:

Annual payments= $4,700

Interest rate= 4.5%

Number of years= 5

First, we need to calculate the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {4,700*[(1.045^5) - 1]} / 0.045

FV= $25,712.34

Now, we can determine the present value:

PV= FV/(1+i)^n

PV= 25,712.34/(1.045^5)

PV= $20,632.89

3 0

3 years ago

A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

strojnjashka [21]

Answer:

Total gross margin= $75,480

Explanation:

Giving the following information:

Selling price $ 146

Units in beginning inventory 0

Units produced 2,470

Units sold 2,040

Variable costs per unit:

Direct materials $ 50

Direct labor $ 20

Variable manufacturing overhead $ 11

Fixed costs:

Fixed manufacturing overhead $ 69,160

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

First, we need to calculate the unitary production cost:

Unit product cost= direct material + direct labor + total unitary overhead

Unitary fixed overhead= 69,160 / 2,470= $28

Unit product cost= 50 + 20 + (11 + 28)= $109

Now, the gross margin:

Unitary Gross margin= selling price - Unit product cost

Unitary Gross margin= 146 - 109

Unitary Gross margin= $37

Total gross margin= 37*2,040

Total gross margin= $75,480

4 0

2 years ago