All categories

3 years ago

What is a price ceiling?why would a price ceiling be put at good service

Business

2 answers:

Anestetic [448]3 years ago

8 0

Answer:

to keep the goods from becoming too expensive

Explanation:

Misha Larkins [42]3 years ago

5 0

A price ceiling is when a government decides what the maximum price for a certain commodity or a product can be. It can be put to good use if the people are poor and cannot purchase a necessary product such as flour or water or similar. Then the government can help them procure it with a price ceiling.

You might be interested in

Which of the following is an example of a functional team? a. A plastic surgeon, a dentist, a nurse, and a health insurance spec

lisabon 2012 [21]

Answer:

the anser is c

Explanation:

no clue just did the test

8 0

3 years ago

Read 2 more answers

Vertical integration is: a. A firm's ownership of vertically related activities b. A firm's control over its input sources and t

ANEK [815]

Answer:

A firm's ownership of vertically related activities

Explanation:

As we know that

There are two types of integration i.e horizontal and vertical

The horizontal integration is the integration in which two or more firms amalgamate dealing in the same type of business i.e their products and the level of production is same

While on the other hand the vertical integration is the integration in which the one firm acquired or purchased another firm dealing in different stages but the production level remains the same

Hence, the first option is correct

7 0

3 years ago

__________ specify future ends and __________ specify today's means.

MAVERICK [17]

Goals specify future ends and plans specify today's means.

7 0

3 years ago

Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible.

kogti [31]

Answer: Please see the required journals below:

Mar. 17:

Debit Allowance for doubtful accounts $1,000

Credit Accounts receivable $1,000

July 29:

Debit Cash $1,000

Credit Bad debt recovery (income statement) $1,000

Explanation: On March 17, when $275 was received from Shawn and the remaining balance of $1,000 was written off, the allowance for doubtful accounts has to be debited since the company adopts the allowance method of accounting for uncollectible receivables. Note that the allowance account would have the required buffer to take care of this debit. Similarly, when the recovery was made, cash would be debited then the credit would default to income statement.

3 0

3 years ago

The Sisyphean Company has a bond outstanding with a face value of $ 5 comma 000 $5,000 that reaches maturity in 5 5 years. The b

lilavasa [31]

Answer: $5,219.59905

the price that the bond traded for would be closest to

$5,220 (rounded to whole number)

Explanation:

Using the price of bond formula below:

Price = C × 1 - [(1+r)^-n] /r + F/ (1+r)^n

C = coupon rate = 9.1% of face values ($5,000)

F= Face value(par value) = $5,000

n = number of years to maturity; 5

r = YTM (yield to maturity) = 8% = 0.08

Price = 455 × 1 - [(1+0.08)^-5]/0.08 + 5,000/(1+0.08)^5

Price = 455 × 1 - [(1.08)^-5]/0.08 + 5,000/(1.08)^5

Price= 455 × ( 1 - 0.680583197)/0.08 + 5,000 / 1.46932808

Price= 455 × (0.319416803)/0.08 + 3,402.91598

Price = 1,816.68307 + 3,402.91598

Price= $5,219.59905

≈$5,220 to the nearest whole number.

8 0

3 years ago