In a market with an upward sloping supply curve and a downward sloping demand curve, a price floor creates a deadweight loss.
A market is a system, institution, process, social relationship, or infrastructure configuration that parties exchange. Although parties can exchange goods and services through barter, most markets rely on sellers offering goods and services to buyers in exchange for money.
A market is a place where buyers and sellers meet to facilitate the exchange or trade of goods and services. A marketplace can be physical, like a retail store, or virtual, like an e-merchant. Other examples include illegal markets, auction markets, and financial markets.
The structure of the economic market can be divided into four categories: perfect competition, monopolistic competition, oligopoly and monopoly.
Learn more about market here:brainly.com/question/25309906
#SPJ4
Answer:
b. Salaries and Wages Expense 400 Salaries and Wages Payable 400
Explanation:
The expense shall be recognized in the accounts of Colleen's employer at September 30, in respect of the salary earned by Colleen Mooney for the last week of September.
The following adjusting entry shall be recorded in Colleen's employer accounts:
Debit Credit
Salaries and Wages Expense 400
Salaries and Wages Payable 400
Based on above journal entry, the answer shall be b. Salaries and Wages Expense 400 Salaries and Wages Payable 400
Answer:
$209.38 and $83.67
Explanation:
The computation is shown below:
The price of the stock 7 years from today is
= Next year dividend ÷ (required rate of return - growth rate)
= $16.75 ÷ (14% - 6%)
= $16.75 ÷ 8%
= $209.38
Now the current share price is
= Price of the stock ÷ (1 + required rate of return)^time period
= $209.38 ÷ (1 + 0.14)^7
= $209.38 ÷ 1.14^7
= $83.67
Answer:
40% and $400
Explanation:
For computing the change in net operating income, first we have to determine the contribution margin ratio which is shown below:
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $4 -$2.4
=$1.6
And, Contribution margin ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100
So, the Profit volume ratio = (1.6) ÷ (4) × 100 = 40%
Since the sale is increased by $1,000, so the change would be
= $1,000 × 40%
= $400
Answer:
$196.70
Explanation:
The computation of the total employer payroll taxes is shown below:
= Employee earnings × social security tax rate + Employee earnings × Medicare tax rate + federal and state unemployment compensation × its tax rate
= $2,500 × 6% + $2,500 × 1.5% + $200 × 4.6%
= $150 + $37.50 + $9.20
= $196.70
The $ 200 is come from
= $7,000 - $6,800