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4 years ago

To the extent that a governmental price control succeeds in affecting price, it can be expected to lead to a corresponding:

Business

1 answer:

aksik [14]4 years ago

6 0

Answer:

d. reduction in the volume of sales if the price is forced down and an increase in the volume of sales if the price is forced up.

Explanation:

When government implements price controls it can either be a price ceiling ( reduced price) or a price floor (increased price).

A price ceiling gives a maximum price level above which sellers cannot sell their product. This will cause a reduction in amount supplied because the sale of products at lower price will not be attractive. Demand will be in excess for the scarce products.

If a price floor is imposed there is a minimum price that sellers are not allowed to sell below. Sellers are free to sell above this price, supply will increase but there will be less demand for the product at higher price. This causes excess of supply.

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The concept of materiality:

ryzh [129]

Answer:

The correct answer is letter "C": Justifies ignoring the matching principle or the realization principle in certain circumstances.

Explanation:

The materiality accounting principle states that some of the Generally Accepted Accounting Principles can be omitted in the entry of an item while record-keeping a company's transactions only in the case the entry does not have any influence on the Financial Statements. Those principles could imply matching or realization principles.

6 0

4 years ago

Describe the challenges and opportunities of globalization in a ""flattened"" world.

Ksju [112]

Answer:

The meaning of a 'flattened' world is that ,globalization, which can be described as inventions and various developments in the technology world , has created a level playing ground, where countries considered as small or minors are now competing with the super-power ones.

Explanation:

The major challenge of this is that , the rate competition has increased between countries that have great impacts on the resource area of businesses.

And the opportunities are that, new jobs are created or available especially in the information systems and other jobs or occupations involving services.

Finding better suppliers and at a better price has also been considered as a big benefit because now there were more places to choose from globally.

4 0

3 years ago

Read 2 more answers

Garland Inc. offers a new employee a single-sum signing bonus at the date of employment, June 1, 2021. Alternatively, the employ

sweet [91]

Answer:$69,030

The employee can decide to receive a single amount of $69,030 at the employment date.

Explanation:

The time value of money is the idea that money is worth more now, than the same amount a year or five years from now. You can buy more with $10,000 today than you will be able to in 2021 or 2025.

The formula for calculating the present value of money is

$PV =FV \frac{1 }{(1+r)^{n} }$

$PV = \frac{FV }{(1+r)^{n} }$

Where PV is the present value

FV is the future value ($10,000)

r is the time value of money (9% or 0.09) and

n is the number of periods (2025 to 2029).

In this question,

2021 is period 0. In 2021, the employee receives 39,000. This is the <u>present value</u> = 39000

2022 is period 1

2023 is period 2

2024 is period 3

2025 is period 4. In 2025, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{4} }$

PV=10000 * 0.708 = 7080

2026 is period 5. In 2026, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{5} }$

PV=10000 * 0.650 = 6500

2027 is period 6. In 2027, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{6} }$

PV=10000 * 0.596 = 5960

2028 is period 7. In 2028, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{7} }$

PV=10000 * 0.547 = 5470

2029 is period 8. In 2029, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{8} }$

PV=10000 * 0.502 = 5020

In total, the present value = (39000 + 7080 + 6500 + 5960 + 5470 + 5020)

=69,030

The employee can decide to receive a single amount of $69030 at the employment date.

(You can also look up the values in a discount table and multiply them by the present value. Note that the first payment of $10,000 is in period 4, not 5. This is because 2021 is period 0)

6 0

3 years ago

The introduction of the Apple iPod is an example of a(n) _____ because its introduction to the market radically changed consumer

nevsk [136]

Answer:

C. An early adopter

Explanation:

The Apple iPod being a pioneer product because it did not only change the way people listened to music, it also created an entirely new industry devoted to accessories, such as cases, ear buds and speakers.

As an early adopter, it changed the consumer preferences and the entire competitive landscape with its introduction.

6 0

4 years ago

Year to year rightward shifts in long-run aggregate supply leads to

Papessa [141]

Is it potential growth?

7 0

3 years ago