1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
devlian [24]
3 years ago
13

In the late 1500s, the city of Antwerp was under siege by the Duke of Parma. The siege caused the price of food to rise, so the

government of Antwerp established a price ceiling set at a value similar to that before the siege. Merchants, fearing the duke's ability to sink their ships, refused to ferry food into the city that they could sell only at a normal price. Which important effect of a price control BEST describes this story?
a. reduction opf product quality
b. wasteful lines
c. a loss in gains from trade
d. a misallocation of resources
Business
1 answer:
Paha777 [63]3 years ago
4 0
D a misallocation of resources
You might be interested in
Leker exchanged real property that was used exclusively for business and had an adjusted tax basis of $20,000 for new real prope
goldfiish [28.3K]

Answer:

$17,000

Explanation:

Leker's Old Property Adjusted Tax Basis = $20,000

To calculate the new basis, subtract the $3000 recieved in cash from the new property.

New Tax Basis; $20,000-$3,000= $17,000

The transaction of Leker to exchange a real property for another led to a loss: Meaning a Property of $20,000 was exchanged for a property of $10,000+ $3,000 (cash)= $13,000

The Loss on the transaction= $20,000- $13,000= $7,000

Due to the loss no gain is recognized and the $3000 will reduce the basis for his new asset.

6 0
3 years ago
On the basis of the following data taken from the Adjusted Trial Balance columns of the work sheet for the year ended March 31 f
max2010maxim [7]

Answer:

Banes Domino's Company

Closing Entries

Date      Acct.No              Account                    Debit                 Credit

                 9           Income Summary             329,000.00

                 11                  Salary Expense                              244,500.00

                 12                 Rent Expense                                48,000.00

                 13       Depreciation Expense                           25,000.00

                 14         Supplies Expense                                  9,500.00

                15     Miscellaneous Expense                              2,000.00

Expenses are closed to Income Summary Account.

                10               Fees Earned                  510,000.00

                   9           Income Summary                                  510,000.00

Revenue Accounts are closed to Income Summary Account.

                              9           Income Summary   181,000.00

                                        Jack Banes, Capital                      181,000.00

To close Income Summary Account

                           Jack Banes, Capital    47,000.00

                             Jack Banes, Drawing                               47,000.00

To Close withdrawals account.

5 0
3 years ago
Charles Schwab in 1971 was determined to build a stock brokerage firm that would be different. He cited that he was disturbed by
Alecsey [184]

Answer:

D) The Agency Problem

Explanation:

The agency problem refers to a conflict of interests between the principal and his/her agent. Agents have a fiduciary duty to act on the best interest of their principal, but sometimes agents place their own personal interest before the interests of their principal.

in this case, the brokers should act on behalf of their clients to make them earn the largest possible profits, but instead they focus on convincing them about transactions that increased the broker's profit and not the clients'.

4 0
3 years ago
Suppose that because of a sudden increase in life expectancy, a lot of people decide to save more for what they expect to be a l
DanielleElmas [232]

Answer: d. shift the supply of loanable funds to the right causing the interest rate to fall.

Explanation:

Loanable funds come from the deposits(savings) that people make in financial institutions like banks. If more people were to make deposits, the amount of savings in the system would therefore increase.

To illustrate this increase the supply for loanable funds curve will shift to the right which will cause the interest rates to fall as there is now more supply relative to demand.

4 0
2 years ago
Liverpool Inc. purchased machinery for $32,000. The machinery was later sold for $18,000. Liverpool had already recorded depreci
satela [25.4K]

Answer:

B. $2,000 loss

Explanation:

The amount recognized for gain/ loss on disposal of asset = purchased price - depreciation - sold price

= $32,000 - $16,000 - $18,000

= - $2,000

-> loss of $2,000

8 0
2 years ago
Read 2 more answers
Other questions:
  • why is it important to look at external sources of information when exploring product and service information​
    15·1 answer
  • Inflation in the developing country of terbia has been rising over the last few years and is currently at a very high level. two
    5·1 answer
  • in the budget 2013-2014 the government proposed to raise the excise duty on cement. it also proposed to raise the income tax on
    8·1 answer
  • Ceria Republic is a country that has achieved rapid economic growth and prosperity over the last couple of decades as a result o
    14·1 answer
  • Which economist theorized that depression will occur when the economic cycle is broken?
    7·1 answer
  • Determining PB Ratio for Companies with Different Returns Assume that the present value of expected ROPI follows a perpetuity wi
    5·1 answer
  • Which best ranks Agriculture, Food, and Natural Resources careers from highest to lowest required degree? Veterinarian → Nursery
    6·2 answers
  • Everdeen Inc. has a 90-day operating cycle. If its average age of inventory is 35 days, how long is its average collection perio
    9·1 answer
  • Assume you are saving $1,000 by depositing into a bank CD account with one year until maturity. The interest rate on your deposi
    11·1 answer
  • Like other corporations, market sales corporation can extend its operations through:_______
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!