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allochka39001 [22]
3 years ago
10

During a natural disaster, such as a hurricane, the demand for hotel/motel rooms in an area can suddenly surge, driving up the p

rice of a room. If the government enacts price controls (such as anti-gouging rules), what will MOST LIKELY result?
Business
2 answers:
nlexa [21]3 years ago
7 0

Answer:

Rooms will be hard or impossible to find.

Explanation:

Price controls are implemented by government to reduce adverse price increase on the consumer. Suppliers can use situations such as disaster to raise prices and make more profit.

Price gouging occurs when the price of a good is increased as a result of shortage.

If the government implements price controls, suppliers will be unwilling to give out rooms at lower prices. This results in scarcity of rooms.

Eventually because of high demand, some consumers will pay more for rooms using black market channels.

Dennis_Churaev [7]3 years ago
7 0

Answer: Rooms will be hard or impossible to find.

Explanation: Increase in the demand of commodities above the estimated need or supply will often to price increase which could be attributed to room prices during times of nature disaster when people are in dire need of shelter. However, government intervention through policies which prohibits raising prices above reasonable level at times like this will often lead to hoarding or scarcity of the demanded items or services. In this scenario, anti gouging policies will most likely result in hotels being reluctant to offer their rooms due to the price control hence, leading to scarcity.

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Account Title Amount Account Title Amt Accounts Payable ---------------------- $ 204,975 Income Taxes Payable --------------- 78
Archy [21]

Answer:

          Stockholders Equity

Preferred Stock                375,000

Common Stock                562,500

Additional Paid-in Capital   81,900

Retained Earnings        <u>    306,000 </u>

Total Equity                    1,325,4‬00

Explanation:

We look into the list only for the equity accounts:

Which are the preferred stock, the common stock

and the additional paid-in caital.

We will also include the retained earnings account

All this accounts increase the equity, so we ujust need to add them together.

8 0
3 years ago
If the money multiplier is 3 and the fed wants to increase the money supply by $900,000, it could:.
Tanya [424]

Answer:

buy $300,000 worth of bonds

Explanation:

Hope this helps:)...if not then sorry for wasting your time and may God bless you:)

3 0
2 years ago
Searching for jobs and locating companies is just the start of finding employment
MrRissso [65]
That seems true if its a true or false question
7 0
3 years ago
A demand for a product or resource because of its contribution to the final product is called
tino4ka555 [31]

Answer:

Derived demand

Explanation:

Derived demand occurs when a good is requested not for benefits they directly provide, but for their contribution to another product.

For example capital, land, labour, and raw materials are demanded for their role in producing a final product.

So they can be seen as goods that have derived demand.

When they demand for the final product increases the good that has derived demand also increases, and vice versa.

8 0
2 years ago
Tiggie’s Dog Toys, Inc. reported a debt-to-equity ratio of 1.75 times at the end of 2018. If the firm’s total assets at year-end
il63 [147K]

Answer:

Total debt is $15.91million

Total equity is 9.09miliion

Explanation:

Debt-to-equity ratio relates to how a firm is financing its operations through debt versus shareholders' equity(owners' fund)

The formula is: Total debt/total equity

Debt-to-equity ratio = 1.75times

Total assets =$25 million

We know the Equity = Asset - liability(debt)

We can rewrite the equation as:

Debt-to-equity ratio = Total debt/asset - debt

Let's represent debt as 'y'

1.75 = y/$25million - y

y = 1.75($25million - y)

y = $43.75 - 1.75y

Collect the like terms

y + 1.75y = $43.75million

2.75y = $43.75million

y = $43.75million/2.75

y = $15.91million

Therefore, total debt is $15.91million

Using the same formula: Total debt/total equity

Lets represent equity with z

1.75 = $15.91million/z

z = 15.91million/1.75

z = 9.09miliion

Therefore total equity is 9.09miliion

6 0
3 years ago
Read 2 more answers
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