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kari74 [83]
2 years ago
10

Nonprice rationing devices are required:a. because the price system does not allocate resources efficiently.b. when there are pr

ice floors but not when there are price ceilings.c. so that prices will go back to equilibrium.d. to allocate goods when there is a price ceiling.
Business
1 answer:
o-na [289]2 years ago
5 0

Answer:

d. to allocate goods when there is a price ceiling.

Explanation:

Non price rationing or queuing is a measure used when there is a price ceiling, queuing is used to arrange people on a first come first serve basis.

Rationing is done on the non monetary cost of waiting in line.

Waiting time eventually balances buyer equillibrum. When customer's are waiting on queues for too long some of them loose interest and leave, this restoring balance between what is available and number of people waiting to buy.

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Crown Company established a petty cash fund of $600 for incidental expenditures on January 2, 2019. At the end of the month, the
FrozenT [24]

Answer:

1) Dr Petty Cash $600

Cr. Cash $600

2) Dr. Postage Expense $250.40

Dr. Office Supplies Expense $160.90

Dr. Miscellaneous expense $124.05

Dr. Cash over and short $8.3

Cr. Cash $543.65

8 0
3 years ago
Bradley Company purchased a machine for $34,000 on January 1, 2017. It depreciates the machine using the straight-line method ov
Debora [2.8K]

Answer:

$12,500

Explanation:

Depreciation Expense = (Book Value of machine - Residual Value)/Useful Life

                                    = ($34,000 - $2,000)/8

                                    = $4,000 per year

Depreciation Expense for years 2017 & 2018 would be $4,000 X 2 = $8,000

Net book Value on January 1, 2019 = $34,000 - $8,000 = $26,000

New Residual Value = $1,000

New Useful Life = 8 - 2 - 4 = 2 Years

Depreciation expense for 2019 = ($26,000 - $1,000)/2 = $12,500

3 0
3 years ago
Metlock Company took a physical inventory on December 31 and determined that goods costing $185,000 were on hand. Not included i
Paha777 [63]

Answer:

$229,890

Explanation:

The formula to compute the ending inventory is shown below:

= Cost of inventory + goods purchased from f.o.b. shipping point + goods sold at f.o.b. destination

= $185,000 + $24,080 + $20,810

= $229,890

We added the goods purchased and goods sold to the cost of inventory so that the accurate value of the ending inventory can come.

6 0
3 years ago
Sarah has a toothache. She believes it may be due to her not having regular dental checkups in the past. She now wants to find a
Ilia_Sergeevich [38]

Answer:

Credence properties

Explanation:

Dentistry has a Credence property because it is a Service provided by medical specialized professionals. medical diagnoses and legal services have credence properties, or characteristics. A consumer may find a service with Credence property impossible to evaluate even after purchase and consumption. To reduce this uncertainty, service consumer like Sarah turns to personal sources of information like her friends during the purchase decision process

8 0
2 years ago
BEFORE GETTING OUT OF YOUR CAR, AFTER PARKING AT A TWO-WAY STREET CURB, YOU SHOULD:
Semenov [28]

Answer:

C. Look for cars of bicycles on the traffic side of your vehicle.

Explanation:

Safety is always first, for you, and the people around you. To minimize risk of injury, you must check for oncoming cars or bikers.

7 0
3 years ago
Read 2 more answers
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