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Maurinko [17]
3 years ago
11

You have responsibility for economic policy in the country of Freedonia. Recently, the neighboring country of Sylvania has cut o

ff all exports of oranges to Freedonia. Harpo, who is one of your advisors, suggests that you should impose a binding price ceiling in order to avoid a shortage of oranges. Chico, another one of your advisors, argues that without a binding price floor, a shortage will certainly develop. Zeppo, a third advisor, says that the best way to avoid a shortage of oranges is to take no action at all. Which of your three advisors is most likely to have studied economics?
A. Harpo
B. Chico
C. Zeppo
D. Apparently, all three advisors have studied economics, but their views on positive economics are different
Business
1 answer:
Yakvenalex [24]3 years ago
3 0

Answer:

C. zeppo

Explanation:

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Which of the following statements is CORRECT?
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If a company pays more in dividends than it generates in net income, its retained earnings as reported on the balance sheet will decline from the previous year's balance.

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The dividend is shown while preparing the retained earning statement. So, it does not affect the net income.

The highly liquid marketable securities does not show a decline in the current assets

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3 years ago
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A change in the amount of sales can be due to either a change in the units sold or a change in price or both.
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Answer:

true

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5 0
3 years ago
Following are transactions for Vitalo Company. Nov. 1 Accepted a $12,000, 180-day, 8% note from Kelly White in granting a time e
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Answer:

Interest amounts at December 31st = $80

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Interest amounts at April 30th (Jan.1 - Apr. 30) = (120/360) * $480 = $160.

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