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krek1111 [17]
3 years ago
8

A price ceiling set at a. $16 will be binding and will result in a shortage of 4 units. b. $6 will be binding and will result in

a shortage of 10 units. c. $6 will be binding and will result in a shortage of 6 units. d. $16 will be binding and will result in a shortage of 10 units.

Business
1 answer:
serg [7]3 years ago
4 0

Answer:

A price ceiling set at $6 will be binding and will result in a shortage of 8 units.

Explanation:

In order for a price ceiling to be binding, it must be set below the equilibrium price level. In this case, $6 is below the equilibrium price of $10. It will produce a shortage of 8 units because the quantity supplied by producers will be only 6 units, while the quantity demanded by consumers will be 14 units.

Binding price ceilings always produce a deadweight loss which is represented by the area between the demand curve and the supply curve left to the equilibrium price.

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Which of your needs are not being met by businesses and/or nonprofit organizations in your area? Are there enough people with si
mash [69]

The needs that are not being met by business are man power,funds and strategy planning.The non-profit organization are funds.Yes, If you speak to entrepreneurs or non-profit organization they would call and talk about the funds.To find out meet friends whose dad run  businesses and donate at least $10 to an non profit organization.

Explanation:

  • Business has categories, Big caps, mid caps and small caps.
  • Big cap( Organization with huge business like MC Donald.
  • Mid caps ( Organization with employees about 500)
  • Small caps ( SME small medium enterprise about 5 - 10 employees)
  • Small scale enterprises have bigger problems they are not sustained.
  • They run with employees who are not strategically smart and limited
  • To start  entrepreneurs must have land, labor,capital and organization.
  • They are having minimum of that which is the important part.
  • Non-Profit organization have categories to they known and unknown.
  • The known ones are funded with bigger organization.
  • The unknown ones are not but yet there could be differences.
  • The Non-profit organization fights,poverty, female gender for basic.
  • Necessity which is apparently still a big problems.
4 0
3 years ago
Wilton, Inc. had net sales in 2017 of $1,400,000. At December 31, 2017, before adjusting entries, the balances in selected accou
Sergeeva-Olga [200]

Answer:

See explanation section.

Explanation:

December 31, 2017

Bad debt expense                        Debit      = $17,600

Allowance for Doubtful Account Credit     =  $17,600

To record the bad debt expense

Calculation: Bad debt expense = $250,000 × 8% = $20,000. However, we cannot take this amount because Allowance for Doubtful Account is a positive contra entry, which has a $2,400 credit balance. Therefore, we have to deduct $2,400 from $20,000 to get the actual bad debt expense.

5 0
3 years ago
D’Souza Company sold 7,000 units of its product at a price of $86.00 per unit. Total variable cost is $51.20 per unit, consistin
Delicious77 [7]

Answer:

$255000

Explanation:

Please see attachment

6 0
3 years ago
When job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. a total of 1,00
Viefleur [7K]
To solve: add up all in the labor costs and then divide by the number of units produced to get the per unit cost of the labor.

<span>Direct materials = $4,400
Direct labor = $5,600
Factory overhead = $2,400
Units produced = 1,000

Per unit cost = ($4,400 + $5,600 + $2,400)/1,000
Per unit cost = $12,400/1,000
Per unit cost = $12.40</span>
4 0
4 years ago
Assume your gross pay per pay period is $2,000 and you are in the 33 percent tax bracket. calculate your net pay and spendable i
jasenka [17]

After-tax saving method

Gross Pay (Tax)=Net Pay

$2,000 $(660)= $1,340

Spendable Income $1,340 -$200= $1,140

]The term "spendable income" is used to describe the sum of money left over after tax payments have been made. When all bills and expenses have been covered, what's left over is a person or family's discretionary income, which can be used toward future goals like investing, saving, or spending. You can spend your discretionary funds because of the money you have available to you.

When calculating your disposable income, how do you account for taxation? It is your spendable income, from which you subtract necessary living expenses, that serves as the basis for your discretionary income.

Consider your take-home pay once taxes have been deducted as an illustration of your discretionary income. The term "discretionary income" refers to the amount of money left over after obligatory expenses have been met. These include but are not limited to rent or mortgage, student loan payments, utility bills, and groceries.

To know more about spendable income refer to:

brainly.com/question/19538806

#SPJ4

8 0
1 year ago
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