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Annette [7]
4 years ago
7

Price ceilings are created to keep products affordable for consumers.Answer

Business
1 answer:
eduard4 years ago
6 0
Answer : a. True

It is true that price ceilings are created to keep products affordable for consumers. Price ceilings are set by the government. It is a government initiative to regulate the prices of commodities, products and services in the market to protect the consumers' interests and rights. In deciding the price ceiling, it must be considered that it should be below the natural market equilibrium. Legally, the prices can't just be raised suddenly but must follow certain legal and business procedures.
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Perdue Company purchased equipment on April 1 for $93,420. The equipment was expected to have a useful life of three years, or 7
k0ka [10]

Answer:

The depreciation cost per year is:

Year 1: $16,800

Year 2: $31,200

Year 3: $27,600

Year 4: $15,120

Explanation:

To calculate the depreciation cost for the equipment based on hours used, we must determine the cost per hour:

cost per hour = (purchase cost - salvage value) / expected useful life

cost per hour = ($93,420 - $2,700) / 7,560 hours = $90,720 / 7,560 hours = $12 per hour

The depreciation cost per year is:

Year 1: 1,400 hours x $12 per hour = $16,800

Year 2: 2,600 hours x $12 per hour = $31,200

Year 3: 2,300 hours x $12 per hour = $27,600

Year 4: 1,260 hours x $12 per hour = $15,120

3 0
4 years ago
Spontaneous funds are generally defined as follows: Select one:
MA_775_DIABLO [31]

Answer:

The correct answer is letter "C": Funds that arise out of normal business operations from its suppliers, employees, and the government, and they include immediate increases in accounts payable, accrued wages, and accrued taxes.

Explanation:

Spontaneous funds are all those incomes that a company receives without expecting them. The money can be received from different internal and external sources but they imply obligations. It means taxes are likely to be deducted after reporting the income in the firm's accounting books.

5 0
4 years ago
Suppose the civilian non-institutionalized working age population is 35.9 million in Laborland.
DanielleElmas [232]

Answer: a. 24.05 million

b. 66.99%

c. 4.62 million

d. 19.21%

Explanation:

a. Total Labor force is the sum total of people who are employed and those who are actively looking for work. The Bureau of Labor Statistics defines actively looking for work as looking for work int he past 4 weeks.

= Part-time workers + full time workers + those who looked for work in the past 2 weeks + those who looked for work in the past 2 - 4 weeks

= 4.9 million + 14.53 million + 2.90 million + 1.72 million

= 24.05 million

b. labor force participation rate is the percentage of a country's non-institutionalized working age population that are actively looking for work. Its formula = \frac{total labor force}{non-institutionalized working age population} X 100

Laborland's labor force participation rate (%) = \frac{24.05 million }{35.9 million }X 100

= 66.99%

c. Unemployed  People by the standards of the Bureau of Labor Statistics are the people who have looked for work in the past 4 weeks and are still employed. That is  those who looked for work in the past 2 weeks + those who looked for work in the past 2 - 4 weeks.

= 2.90 million + 1.72 million

= 4.62 million

d. Unemployment rate is the percentage of the labor force that are actively looking for work and are still out of work.

Unemployment rate = \frac{unemployed}{labor force} x 100

= \frac{4.62 million}{ 24.05 million} x 100

=19.21%

8 0
4 years ago
After being served with a summons and a copy of the complaint, what follows next?
Wewaii [24]

Answer:

After being served with a summons and a copy of the complaint, one is expected to answer to these summons. After this, it is advised one goes to the court house and file it with the court. Ensure a copy of your answers are sent to the plaintiff. Answering summons on time gives one an edge and thus, the plaintiff would not be able to request a default judgment.

6 0
3 years ago
Hello people hows ares yous alls also have strict mom strict mom alert don't go if i dont answer its just my mom and she doesn't
kupik [55]
Bro u good??? Is ur mom really that strict I mean my mom is pretty strict too but not that strict
4 0
3 years ago
Read 2 more answers
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