Answer:
a. landlords will begin decreasing the quality of one-bedroom apartments by not making repairs or paying for upkeep.
Explanation:
Price ceiling is when the government or an agency of the government sets the maximum price for a good or service.
Rent control is a form of price ceiling.
Price ceiling is binding when it is set below the equilibrium price.
Consequences of rent control includes :
1. landlords will begin decreasing the quality of one-bedroom apartments by not making repairs or paying for upkeep. Tjeu would do this to retain as much profits as possible since the government has placed a cap on rents.
2. Landlords would reduce their supply of houses and this would lead to scarcity.
3. Development of black markets. Black markets would develop where houses would be sold at more than $750/month .
4. The rental market would become less efficient.
I hope my answer helps you
<span>Drinking
coffee DO NOT decrease the chances of an alcohol overdose. Only the
passage of time can decrease the overdose. The human body cannot take up a
high percent of alcohol that is why most people who get drunk by alcohol ended
up either vomiting or passing out. Alcohol dampens the nerves that regulates
involuntary action such as gag reflex and breathing. There is danger in
vomiting since the person can be choked which lead to asphyxiation to a person
who is unconscious and could result to death. When a person passes out, it’s
BAC or blood alcohol concentration rises. Even if the person stops drinking, alcohol
in the system continues to circulate in the stomach and in the intestine that
is why it is not safe to assume that a drunk person is better of sleeping to
make it go away.
</span>
Answer: $90,000
Explanation:
If sales in 2008 and 2009 were steady at $30 million, but the gross margin increased from 2.9% to 3.2% between those years, the amount by which the cost of sales would be reduced would be:
= $30 million × (3.2% - 2.9%)
= $30 nillioy× 0.3%
= $30 million × 0.003
= $90,000
Answer:
$136600
Explanation:
Given:
- inventory of $75,000
- amount of inventory on hand to $35,000
- net sales for 2018 at $220,000
- gross profit rate: 22%
We need to find the gross profit via the given information of net sales and gross profit rate
<=> gross profit = net sales*gross profit rate
= $220,000* 22%
= $48,400
Moreover, Cost of goods sold is = sales - gross profit
<=> Cost of goods sold = $220,000 - $48,400 = $171,600
But Cost of goods sold = opening inventory + purchases - closing inventory
<=> purchases = Cost of goods sold - opening inventory + closing inventory
= $171,600 - $75,000 + ($75,000 - $35,000)
= $136600