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Feliz [49]
3 years ago
13

When a certain price control is imposed on this market, the resulting quantity of the good that is actually bought and sold is s

uch that buyers are willing and able to pay a maximum of P 1 dollars per unit for that quantity and sellers are willing and able to accept a minimum of P 2 dollars per unit for that quantity. If P 1 - P 2 = $3, then the price control is a. a price ceiling of $3.00. b. a price ceiling of $5.00. c. a price floor of $6.00. d. either a price ceiling of $3.00 or a price floor of $6.00.
Business
1 answer:
podryga [215]3 years ago
5 0

Answer: Option A is the most correct option. A price ceiling of $3.00. because it is the maximum amount that can be added to the floor price of that commodity

Explanation: price ceiling is a price regulation process, whereby a group or the government, imposes a maximum amount that can be added to the floor price of that commodity, so that price of goods will not be over expensive for buyers. The floor price is the minimum price that goods can be sold.

P1 is the maximum amount the goods can be sold, while P2 is the floor Price. This makes $3.00 to be the price ceiling, because it is the maximum amount that can be added by the seller on that commodity.

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Answer:

The option which is not a task of the bankruptcy trustee is;

Represent the debtor when meeting with creditors

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1) Converts the collected company assets to money

2) Assess the creditors (owed by the debtor) proof of claims

3) Allocate monetary refunds to the creditors

4)  Upholds or refuse claimants to specific debts

5) Completes tax and other financial reports that are submitted to government agencies

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Jorge purchased a copyright for use in his business in the current year. The purchase occurred on July 15th and the purchase pri
ZanzabumX [31]

Answer:

total amortization expense = $5400

so correct option is C) $5,400

Explanation:

given data

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time period = 75 months

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total amortization expense

solution

we get here total amortization expense that is express as

total amortization expense = \frac{purchase\ price}{time\ period} ×months  ...............1

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Suppose an unlevered firm issues $1000 in debt at a cost of debt of 10%. If the corporate tax rate is 20%, $200 t is the change in the firm's value.

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= DebtValue * Cost of Debt * Tax Rate Interest Rate

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Learn more about tax rate here: brainly.com/question/25791968

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