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3 years ago

The decision by shoe store owners to fix their prices will result in consumers paying _____ prices. lower higher the same

Business

2 answers:

Anon25 [30]3 years ago

7 0

Answer:

Higher prices

Explanation:

Fixed prices are associated with higher prices for consumers

Alika [10]3 years ago

3 0

Answer:

higher

Explanation:

This will make consumers pay a higher price. In a competitive market like shoes, suppliers compete for market share through price, so that none of them will have control over the market equilibrium price unless there is a collusion. Collusion is an illegal practice of price matching between competitors. This disassembles the competition parameters of the market, causing the selling price to be higher than the competitive equilibrium price. In this way consumers are injured. For this reason, regulatory agencies stipulate rules in competitive markets to prohibit collusion.

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Richards Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000. It had 50,000 shares of co

Scilla [17]

Answer:

Option (d) 7 times

Explanation:

Data provided in the question:

Net income = $250,000

Dividends paid to common stockholders = $50,000

Common stock outstanding = 50,000

Selling price of the common stocks = $35

Now,

The price-earnings ratio is calculated as:

⇒ ( Stock price ) ÷ ( Earnings per share )

also,

Earnings per share = ( Net income ) ÷ ( common stock outstanding )

= $250,000 ÷ 50,000

= $5

Price-earnings ratio = $35 ÷ $5

Price-earnings ratio = 7 times

Option (d) 7 times

4 0

3 years ago

Alice Copper has wages of $120,000 and dividend income from a mutual fund of $5,000. She has allowable itemized deductions of $9

Alexeev081 [22]

Answer:

$112,600

Explanation:

Calculation for What is the amount of Alice's Taxable Income

Wages $120,000

Add Dividend Income $5,000

Adjusted Gross Income $125,000

($120,000+$5,000)

Less Standard Deduction(Single and no dependents) ($12,400)

Taxable Income $112,600

($125,000-$12,400)

Therefore the amount of Alice's Taxable Income will be $112,600

4 0

3 years ago

Rhombus corp. is a rapidly growing company that just experienced a very profitable quarter. the company's board of directors has

marissa [1.9K]

<span>This shows that the board has decided to re-invest the profits in the business instead of paying it to common shareholders. This is one of the drawbacks of owning common stock in comparison to preferred stock. Dividends and other company earnings are not always shared with the stockholder.</span>

3 0

3 years ago

Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts

sineoko [7]

The amount of the bad debts expense adjusting entry is:$7665.

<h3>Bad debt expenses</h3>

Using this formula

Bad debt expenses=Sales×Estimated sales percentage

Where:

Sales=$1,095,000

Estimated sales percentage=0.7%

Let plug in the formula

Bad debt expenses=$1,095,000×0.7%

Bad debt expenses= $7,665

Therefore the amount of the bad debts expense adjusting entry is:$7665.

Learn more about bad debt expenses here:brainly.com/question/18568784

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5 0

2 years ago

You manage a company that competes in an industry that is comprised of four equal-sized firms that produce similar products. A r

Alja [10]

Explanation:

It is given that in the market there are four equal-sized firms that produce similar products. The market is saturated such that 10% industry-wide price rise would lead to 18% decline in units sold by all firms in the industry. Going further, there is a proposed legislation that imposes a tariff on a key input used by the industry, which on realization would result in the increase in marginal cost by $2.

This means that the market elasticity of demand is:

[ FIND THE ATTACHMENT FOR SOLUTION]

5 0

3 years ago