Can someone help me with question 12?

Those who make economic policy concerning price controls often do so in order to?

nlexa [21]

Answer:

establish a more equitable result based on normative judgements. In the market for personal computers and in the stock market: 1) supply and demand shifts change prices and quantities.

5 0

2 years ago

Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can

prohojiy [21]

Answer:

a. 30 units of corn and 30 units of wheat.

Explanation:

Freedonia: (without trade)

6 corn x 5 workred = 30 corn

2 wheat x 5 worked = 10

Fredonia (with trade) will focus on corn only:

6 corn x 10 workers = 60 corn

Then 30 are trade it out, leaving 30 corn

from trade it receives 30 units of wheat

total 30 units of both goods.

4 0

2 years ago

On August 2, Jun Co. receives a $8,000, 90-day, 11.0% note from customer Ryan Albany as payment on his $8,000 account receivable

GarryVolchara [31]

Answer:

August 2 Notes Receivable 8000 Dr

Accounts Receivable- Ryan 8000 Cr

October 30 Interest receivable 220 Dr

Interest Revenue 220 Cr

October 31 Cash 8220 Dr

Notes Receivable 8000 Cr

Interest Receivable 220 Cr

Explanation:

When we receive the Note against the Accounts Receivable, we will credit the Accounts Receivable to close the account of Ryan and create a new current asset account of Notes Receivable on August 2.

On October 30, 90 days period of Note is complete so we will record the interest that is receivable for us on this note.

Interest Receivable = 8000 * 11% * 90/360 = $220

We record this as Interest Receivable as we have not received this and credit Interest revenue as it is our income.

On 31 October, when we receive cash it will be total of Notes payable and Interest so we will debit cash by 8220 and credit the Notes payable and interest receivable.

8 0

3 years ago

If merchandise was returned under the periodic inventory method, this will be recorded with a A. debit to Accounts Payable and a

Nonamiya [84]

The answer would be a.

3 0

3 years ago

Read 2 more answers

Madison Park Co-op, a whole foods grocery and gift shop, has provided the following data to be used in its service department co

REY [17]

Answer:

Total cost Groceries department 4,103,238

Total cost Gif department 366,763

Explanation:

$\left[\begin{array}{ccccc}&Administration&Janitorial&Grocerys&Gifs\\$employee hours&&350&2690&160\\$square feet&&&9200&800\\Direct \: Cost&190000&70000&3860000&350000\\$Allocate A&-190000&20781.25&159718.75&9500\\$Subtotal&&90781.25&4019718.75&359500\\$Allocate J&&-90781.25&83518.75&7262.5\\$Total&&&4103237.5&366762.5\\\end{array}\right]$

Adminstration cost will be distributed among Janitorial, Groceries and Gifs

we add up the employee hours:

350 + 2690 +160 = 3200

Then, we cross multuply:

190,000 x 350/3200 = 20781.25

190,000 x 2690/3200 = 159718.75

190,000 x 160/3200 = 9500

we add them to their cost and then do the same for Janitorial.

9200+ 800 = 10,000

90781.25 x 9200/10000 = 83518.75

90781.25 x 800/10000 = 7262.5

giving the total cost of the operating departments.

7 0

3 years ago