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Amanda [17]
3 years ago
7

If the equilibrium price of solar panels is $200 per panel, but a price ceiling of $150 per panel is imposed, what happens to th

e market for solar panels?
Business
1 answer:
Tanzania [10]3 years ago
4 0

Answer:

quantity demanded exceeds quantity supplied and a shortage occurs

Explanation:

The options to this question wasn't provided. Here is the link to the complete question: https://www.chegg.com/homework-help/questions-and-answers/equilibrium-price-solar-panels-200-per-panel-price-ceiling-150-per-panel-imposed-happens-m-q22993335

When a price ceiling is below equilibrium price, the good becomes cheaper to consumers, therefore demand increases. While the profit of suppliers fall and suppliers reduce the quantity supplied. This leads to a shortage in the market.

I hope my answer helps you

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Journalize the entries to record the following selected transactions.
zlopas [31]

Answer:

Journal Entries

                                               Dr.               Cr.

Sale of Merchandise

a. Account Receivable        $4,240

Sales                                                        $4,000

Sales Tax Payable                                  $240

Cost of Goods Sold             $2,360

Merchandise Inventory                          $2,360

b. Payment of Sales Tax

Sales tax Payable                 $42,110

Cash                                                         $42,110

Explanation:

Sales of Merchandise increase the account receivable and tax liability as well. Inventory has been reduced by the cost of merchandise.

Tax is paid and sales tax liability is reduced along with cash.

5 0
3 years ago
Read 2 more answers
Special consideration should be paid to your tutor’s___________when selecting a tutor.
saw5 [17]

Answer: its A

Explanation:

7 0
3 years ago
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At the beginning of the month, the Painting Department of Skye Manufacturing had 20,000 units in inventory, 70% complete as to m
Nadusha1986 [10]

Answer:

a. $2.00; $4.50

Explanation:

Equivalent unit of material = 120,000 units + (15,000 units*40%)

Equivalent unit of material = 120,000 units + 6,000 units

Equivalent unit of material = 126,000 units

Cost per equivalent unit of material = ($22,400 + $229,600) / 126,000 unit

Cost per equivalent unit of material = $252,000 / 126,000 unit

Cost per equivalent unit of material = $2 per unit

Equivalent unit of conversion cost = 120,000 units + (15,000*10%)

Equivalent unit of conversion cost = 120,000 units + 1,500 units

Equivalent unit of conversion cost = 121,500 units

Cost per equivalent unit of conversion = ($6,250 + $540,500) / 121,500 units

Cost per equivalent unit of conversion = $546,750 / 121,500 units

Cost per equivalent unit of conversion = 4.50 per unit.

4 0
3 years ago
1. Peter applied for a job at an accounting firm and a consulting firm. He knows that 50% of similarly qualified applicants rece
DENIUS [597]

Answer:

75%

Explanation:

Assume that:

X is the probability that the Peter, qualified accountant would receive offer from the accounting firm AND

Y is the probability that the Peter, qualified accountant would receive offer from the consulting firm.

Here,

P(X) is 50%, P(Y) is 40% and P(X∪Y) is 60%

Now we want to find P(X/Y) = ?

We also know that:

P(X/Y) = P(X∩Y) <u>STEP1</u> /  P(Y)

By putting values, we have:

P(X/Y) = 0.3 / 0.4 = 0.75 = 75%

<u>Step 1: Find P(X∩Y)</u>

P(X∪Y) = P(X) + P(Y)  -   P(X∩Y)

This implies that:

P(X∩Y) = P(X)  +  P(Y)  -   P(X∪Y)

By putting values we have:

P(X∩Y) = 0.5 + 0.4   -  0.6   =  0.3

5 0
3 years ago
Princess Cruise Company (PCC) purchased a ship from Mitsubishi Heavy Industry. PCC owes Mitsubishi Heavy Industry 500 million ye
Illusion [34]

Answer:

Explanation:

a)

In  the case of forwarding hedge:

The future dollar cost will be = FX receiveable ÷ Foward exchange rate

= 500 million yen ÷ 110 yen/dollar

= $4.55 million

For money market hedge:

Present value of yen payable = 500 \ yen \div (1+ \dfrac{5}{100})

= \dfrac{500 \ yen }{1.06}

= 476.20 million yen

PCC would convert dollars to yens at the spot market rate and borrow yen such that it would get 500 million yen at maturity(i.e after one year)  for Mitsubishi to receive it.

Dollars needed to get these yen = 476.30 yen  ÷ 124 yen/dollar

= $3.84 million

Future Value of these dollars (for comparison with the foward market hedge) = $3.84 × (1 + 0.08)

= $4.15 million

Hence, the money market hedge is better as the dollar cost is lower than the forward market hedge to meet the obligation.

b)

On the maturity date, the spot rate is 110 yen/dollar  

Ad the strike price = 0.0081 /dollar

It is better for the company to go for the strike price due to the fact that it has a lower rate than the spot rate.

Now;

The premium amount = 500000000 yen × 0.014 dollar / yen

= 70000 dollars

However; the Future dollar-cost payable = 500000000 yen × 0.0081 dollar /yen

= 4050000 dollars

By applying option hedge, the total dollar cost required to meet the obligation = (4050000 + 70000) dollars

= 4120000 dollars

c)

The dollar cost needed from the option hedge required to matching the forward hedge is determined by subtracting it from the premium amount:

Thus;

for option hedge, dollar cost needed = (4550000 - 70000) dollars

= 4480000 dollars

The required future spot rate = 500000000/4480000

= 111.61 yen/dollar

As a result, at the future spot rate of 111.61 yen/dollar, PCC will be unconcerned about and indifferent about the option or forward hedge because the future dollar cost of meeting the obligation will be the same.

3 0
2 years ago
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