All categories

4 years ago

A binding price ceiling for apartments (effective rent control) will:

Business

1 answer:

wolverine [178]4 years ago

5 0

Answer: lead to a shortage cause quantity demanded exceeds quantity supplied of rental housing.

Explanation: A price ceiling is a government regulated price control that sets the legal maximum price that can be charged for a good. The price ceiling is binding when it is set below the equilibrium price. In this situation, the price ceiling prevents the forces of demand and supply to intersect at the equilibrium price. At the ceiling price, demand for the good is greater than its supply. Thus, an effective price ceiling which is set below the equilibrium price creates a shortage in the market.

You might be interested in

The relationship between financial leverage and profitability Pelican Paper, Inc., and Timberland Forest, Inc., are rivals i

mamaluj [8]

Answer:

Pelican's debt ratio 9%

Timberland's debt ratio 50%

The times interest earned ratio for Pelican 57.5

The times interest earned ratio for Timberland 10.45

C is correct as Pelican has 57.5 times interest earned ratio while Timberland only 10.45 times.in other words,earnings of Timberland is more volatile.

D is also correct ,since it has financial leverage of 50.46% as against Pelican financial leverage of 9.17%

The operating margin for Pelican is 14.76% while the operating margin for Timberland is 13.8%

Return on total assets for Pelican is 36.9% and that of its competitor is 34.5%

The return on equity for Pelican 40.6% and that of Timberland is 69.6%

C is correct as Pelican is more profitable than Timberland as shown by the higher net profit margin and return on assets

B is correct, even though Pelican is more profitable (higher net profitmargin), Timberland has a higher ROE than Pelican due to the additional financial leverage risk.

Explanation:

All of the ratios requested for are found in the attached spreadsheet.

Download xlsx

3 0

4 years ago

Trevor is a marketing professional in a small firm. He wants to promote his firm’s online shopping website. He targets only thos

MrRissso [65]

D ?
Inn bound marketing

3 0

3 years ago

Read 2 more answers

In the development stage, GoPro engineers and designers use a 3-D printer to turn an idea into a product ________ to check the d

oksian1 [2.3K]

Answer:

Prototype

Explanation:

-Commercialization refers to introducing a product to the market.

-Concept refers to a product idea.

-Test refers to analyzing the performance of a product.

-Standard refers to the level of quality of a product.

-Protocol is a document that helps all the departments involve in the development of the product to coordinate the job.

-Prototype is an initial model of a product that is created to evaluate a concept.

According to this, the answer is that in the development stage, GoPro engineers and designers use a 3-D printer to turn an idea into a product prototype.

7 0

3 years ago

Rockville, Inc. which uses a job costing system, began business on January 1, 20X3 and applies to manufacture overhead on the ba

Elan Coil [88]

Answer:

Rockville's ending WIP inventory= $ 135,000

Rockville's COG Manufactured Total Cost of Goods Manufactured = $ 815,000

Net Income $ 793,800

Explanation:

Rockville, Inc.

Budgeted Direct Labor $200,000

Manufacturing Overhead $250,000,

Job number DM DL

#1 $145,000 $35,000

#2 320,000 65,000

#3 55,000 80,000

Rockville's ending WIP inventory= Job#3 = Direct Materials + Direct Labor = 55,000 + 80,000= $ 135,000

Rockville's COG Manufactured

= Job #1 + Job #2= Direct Materials + Direct Labor = $145,000 + $35,000 + 320,000 + 65,000= 565,000

Applied Overhead $250,000

Total Cost of Goods Manufactured = $ 815,000

Less Ending Inventory $ 135,000

Cost of Goods Sold= $ 500,000

Actual Manufacturing Overhead = $ 233,000

Applied Overhead $250,000

Less Over applied Overhead $ 17,000

Adjusted Cost of Goods Sold $ 483,000

Rockville's income statement.

Sales $ 798,000*1.6= $ 1276,800

Less COGS $ 483,000

Net Income $ 793,800

7 0

4 years ago

Super Tread Inc. is a large manufacturer of auto tires. Super Tread has provided the following information: Sales Revenue $ 60

SVETLANKA909090 [29]

Answer:

ending finished inventory= 46,500

Explanation:

Giving the following information:

Beginning Finished Goods Inventory= $22,500

Cost of Goods Sold= $35,000

Cost of Goods Manufactured= $59,000

To calculate the finished goods inventory, we need to isolate it form the cost of goods formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

ending finished inventory= beginning finished inventory + cost of goods manufactured - COGS

ending finished inventory= 22,500 + 59,000 - 35,000

ending finished inventory= 46,500

8 0

3 years ago