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pantera1 [17]
3 years ago
15

Statement Price Control Binding or Not The government prohibits donut shops from selling donuts for more than $1.80 each.Price c

eiling Binding There are many teenagers who would like to work at donut shops, but they are not hired due to minimum-wage laws.Price ceiling Non-binding The government has instituted a legal minimum price of $1.80 each for donuts.Price floor Binding
Business
1 answer:
WINSTONCH [101]3 years ago
5 0

Answer:

The question is incomplete

Explanation:

Price ceiling is a legal maximum on the price at which a good can be sold whereas a price floor is a legal minimum on the price at which a good can be sold

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6. When food is plated with prime rib in front, puréed turnips at the rear, and a salad topped with Italian cheeses beside them,
jeyben [28]

six is B

seven is D

Eight is D

Nine is A

10 is C

11 is A

12. B

5 0
3 years ago
Balls and Bats, Inc. purchased equipment on January 1, 2005, at a cost of $100,000. The estimated useful life is 4 years with a
BigorU [14]

Answer and Explanation:

The computation of two different depreciation schedules is shown below:-

a. Using the Double-declining balance method

Year            Equipment Cost      Depreciation rate     Amount

2005                $90,000                     50%                  $45,000

2006                $45,000                      50%                  $22,500

2007                $22,500                      50%                  $11,250

2008 No depreciation as it is lower that straight line method that is $22,500 also we took the double rate of 25% so we consider 50%

b. Using the straight line method

Straight Line Depreciation Method:

$100,000 - $10,000

= $90,000

Year            Equipment Cost      Depreciation rate      Amount

2005                $90,000                     25%                      $22,500

2006                $90,000                      25%                     $22,500

2007                $90,000                      25%                     $22,500

2008                $90,000                      25%                     $22,500

Depreciation rate is

= 1 ÷ 4 years

=  25

2. The double declining method reduced the net income while the straight line method increased the net icnome

5 0
3 years ago
"Evan lives in an apartment building. The land and structures are owned by a corporation, with one mortgage loan covering the en
julsineya [31]

Answer:

co-operative ownership

Explanation:

Cooperative ownership is an apartment ownership  is the process where by a buyer receives shares of stock in the building corporation and a lease of the apartment being sold as the case of Mr Evan.

5 0
3 years ago
Hill Co. can further process Product O to produce Product P. Product O is currently selling for $60 per pound and costs $42 per
NARA [144]

Answer:

(A) True

Explanation:

Differential cost is the difference between the cost to produce Product O and produce Product P; in this case it’s the additional cost of $13 per pound to produce

So the statement “The differential cost of producing Product P is $13 per pound” is true

6 0
3 years ago
In a retail cash sales environment, which of the following controls is often absent?
JulijaS [17]

Answer:

The correct answer to the following question is option b) Separation of functions.

Explanation:

In a retail environment , the cash management process starts when a customer pays the cashier for the product or services he or she has purchased. The cashier then counts the cash in till drawer and then at end of the day cashier takes that cash to the third party who can be either manager or owner or a supervisor. Then cashier would receive a receipt against the cash for till drawer.

Now supervisor would collect cash from all the cashier and prepare the cash to be deposited in bank. So from this process it is quite clear that here there is separation of functions here and while all other options given in the question are present in the process.

6 0
3 years ago
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