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3 years ago

Price floors and ceiling prices both:

Business

1 answer:

Murrr4er [49]3 years ago

3 0

Answer:

The correct answer is letter "D": interfere with the rationing function of prices.

Explanation:

While talking about price floors and price ceiling, the rationing function of prices refers to the fact that both governmental measures are imposed to protect sellers and buyers from unfair practices driven by supply and demand. Thus, price floors protect producers from prices that could go below their production costs and price ceilings protect buyers from prices that could be set above their income.

The rationing function of prices can be also understood as the measures taken to discourage demand to keep resources to use them over a determined period.

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Hoi Chong Transport, Ltd. Operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven

Ede4ka [16]

Answer:

The total cost will be "$1,279,286.25".

Explanation:

The total cost at 125000 Km will be:

$=125000\times 12.520$

$=1,565,000$ ($)

The total cost at 90000 Km will be:

$=90000\times 16.5$

$=1,485,000$ ($)

The variable cost will be:

$=\frac{(1,565,000 - 1,485,000)}{(125000 -90000) }$

$=2.28571$ ($)

Now,

Fixed cost = $Total \ cost -variable \ c ost$

= $1,565,000 - 125000\times 2.28571$

= $1,279,286.25$ ($)

5 0

4 years ago

What is the problem associated with service quality standards such as "be nice" or "do what the customers want"?

Rama09 [41]

Answer:

b. They are not specific

Explanation:

The main problem with service quality standards such as "be nice" or "do what the customers want" is that they are not specific. An individual may think that they are being nice, while another person may take that behavior as being sarcastic or "having an attitude". The same goes for "do what the customer wants" since there are things that an employee is not allowed to do at all.

5 0

4 years ago

A broker learns that one of his institutional clients is about to enter a buy order for 10,000 shares of ABC stock. The broker t

irina [24]

Answer:

[D] All of the above.

Explanation:

Front running is the process by which a party to a share purchase has initial knowledge of the future market value of shares that are yet to be issued and makes a proprietary buy order for stock ahead of the client's order.

Normally this can be as a result of insider information which is prohibited, but the options above all allow this practice.

-If the firm can demonstrate that the trade is unrelated to the customer's block order

-If the trade was made to fill or facilitate the customer's block order

-If the trade is executed on a national stock exchange and in compliance with its rules

6 0

3 years ago

On December 31, 2016, Ditka Inc. had Retained Earnings of $270,800 before its closing entries were prepared and posted. During 2

Nat2105 [25]

Answer:

Required a

Closing Retained Earnings Balance

Retained Earnings $270,800 (debit)

Statement of Changes in Shareholders Equity $270,800 (credit)

Required b

Closing Service Revenue Balance

Sales Revenue $171,100 (debit)

Statement of Profit and Loss $171,100 (credit)

Closing Interest Revenue Balance

Interest Revenue $82,800 (debit)

Statement of Profit and Loss $82,800 (credit)

Closing Supplies Expenses Account

Statement of Profit and Loss $89,400 (debit)

Supplies Expenses $89,400 (debit)

Closing Supplies advertising expenses

Statement of Profit and Loss $16,700 (debit)

Advertising expenses $16,700 (debit)

Closing Supplies salaries and wages expenses

Statement of Profit and Loss $18,750 (debit)

Salaries and wages expenses $18,750 (debit)

Closing income tax expenses

Statement of Profit and Loss $14,300 (debit)

income tax expenses $14,300 (debit)

Required c

Closing the dividend Account

Dividend $6,300 (debit)

Retained Earnings Statement $6,300 (credit)

Explanation:

Revenues and Expenses are Closed off to the Statement of Profit and Loss.

Dividends are Closed off to the Retained Income Statement.

Adjusting Supplies Account

Supplies Expenses $89,400 (debit)

Supplies Account $89,400 (credit)

Adjusting dividend Account

Dividend $6,300 (debit)

Cash $6,300 (credit)

3 0

3 years ago

Which of the following have editors with specific expertise designated to specific sections

Nady [450]

Answer:

its B newspaper

Explanation:

5 0

3 years ago

Read 2 more answers