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3 years ago

5

"if a price ceiling on physician services is going to be effective, it must be set ______ the competitive market equilibrium pri

ce to prevent the market from driving the price _______"

1 answer:

kenny6666 [7]3 years ago

3 0

Price Ceiling

Sellers are prohibited by law from charging a higher price to buyers covered under the ceiling

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White-collar crime in which a stockbroker makes repeated trades with a client's account in order to fraudulently increase his or

Mama L [17]

<span>This illegal process is known as churning. By making trades over and over again, the stockbroker is receiving more commissions from all the trades, hurting the client. Churning can be thought of as continually turning over the contents of a portfolio.</span>

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3 years ago

Which best describe the benefits of renting home

Alex Ar [27]

<span>My answer is D, none of the above because A: Renting does NOT cost more upfront and would not be a benefit if it were true B: Renting is MORE flexible than owning a house, and it being less flexible would not be beneficial. With renting, you can pack your things and go (possibly lose your deposit) as you wish, in a less tied down fashion and finally, C: Renting having a lease that costs money to break would not be a benefit, in fact, this is the opposite of a benefit. Perhaps if it were free to break the less, then it would be considered a benefit of renting a home.</span>

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4 years ago

Forest Components makes aircraft parts. The following transactions occurred in July. Purchased $16,950 of materials on account.

horrorfan [7]

Answer:

Forest Components

Journal Entries:

1. Debit Materials Inventory $16,950

Credit Accounts Payable $16,950

To record the purchase of materials on account.

2. Debit Work in Process Inventory $16,780

Credit Materials Inventory $16,780

To record the issue of materials to the production department.

3. Debit Manufacturing Overhead $1,340

Credit Materials Inventory $1,340

To record the issue of materials to the service department.

4. Debit Accounts Payable $16,950

Credit Cash Account $16,950

To record the payment for the materials purchased on account.

5. Debit Materials Inventory $2,020

Credit Work In Process $2,020

To record the record of materials.

6. Debit Work in Process $32,500

Credit Factory Wages $32,500

To record the direct labor cost.

7. Debit Manufacturing Overhead $17,250

Credit Accounts Payable $17,250

To record the purchase of miscellaneous items for the plant.

8. Debit Manufacturing Overhead $36,700

Credit Depreciation Expense $36,700

To record depreciation expense on manufacturing plant.

9. Debit Work In Process $30,875

Credit Manufacturing Overhead $30,875

To apply overhead for the month.

b. T-accounts:

Materials Inventory

Accounts Titles Debit Credit

Balance $12,320

Accounts Payable $14,930

Work in Process 2,020

Work in Process Inventory $16,780

Balance $12,490

Work-in-Process Inventory

Accounts Titles Debit Credit

Balance $11,755

Materials Inventory 16,780

Materials Inventory $2,020

Factory Wages 32,500

Overhead 30,875

Finished Goods Inventory 79,330

Balance 10,560

Manufacturing Overhead

Accounts Titles Debit Credit

Materials Inventory $1,340

Accounts Payable 17,250

Depreciation Expense 36,700

Work In Process $30,875

Finished Goods Inventory

Accounts Titles Debit Credit

Balance $2,700

Work in Process 79,330

Cost of goods sold 75,100

Balance $6,930

Cost of Goods Sold

Accounts Titles Debit Credit

Finished Goods 75,100

Explanation:

a) Data and Calculations:

Materials Inventory ? $12,490

Work-in-Process Inventory ? 10,560

Finished Goods Inventory $2,700 6,930

Cost of Goods Sold ? 75,1000

Predetermined overhead rate = $412,870/$434,600 = $0.95

Overhead applied = $30,875 ($0.95 * $32,500)

5 0

3 years ago

John likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of

gulaghasi [49]

Answer:

No, he doesn't show diminishing marginal utility. Yes, he shows increasing marginal utility for Coke.

Explanation:

The law of diminishing returns states that the marginal or addition satisfaction or utility derived from the consumption of a product increase until a pint and then starts to decrease.

Units Total utility Marginal utility

1 10 10

2 25 15

3 50 25

After 3 bottles, John does not show diminishing marginal utility as the marginal utility (as shown above) continues to increase with each additional bottle of coke consumed.

8 0

3 years ago

If a public health campaign convinced local companies to adopt smoking prohibition policies, on which level of the social ecolog

kondor19780726 [428]

The level of social ecology model that the health behavior is operating is in the societal level in which this is responsible of affecting or influencing people in the economy, the social policies of which the companies is considered to be a part of.

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3 years ago