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Gelneren [198K]
3 years ago
11

What is the maximum price that government allows sellers to charge

Business
1 answer:
oksian1 [2.3K]3 years ago
4 0
I think it's called a price ceiling. At least, that's what I think it is.
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What is the difference between a national bank and a state bank?
Daniel [21]
All national banks must be members of the Federal Reserve System, while state banks can join if they wish  
3 0
3 years ago
During the current year, Adams Assembly, Inc., recorded credit sales of $1,300,000. Based on prior experience, it estimates a 1
OleMash [197]

Answer:

a. Debit Allowance for doubtful debt $4,000

   Credit Accounts receivable.      $4,000

Being entries to write off debt that had been provided for.

b. Debit bad debit expense                      $13,000

   Credit Allowance for doubtful debt       $13,000

Being entries to record bad debt expense for the current year.

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales.

Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt.

Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Bad debt = 1% * $1,300,000

= $13,000

3 0
3 years ago
What event had an enormous effect on US workplace safety?
ella [17]
It was a worker strike. Which lead to  many strikes of the labor union. Because of this the Heath Act  was formed. It went into effect April 28th, 1971.
7 0
3 years ago
Read 2 more answers
What must be the price of a $10000 bond with a 6.8% coupon rate, semiannual coupons, and eight years to maturity if it has a yie
Neko [114]

Answer:

Coupon (R) = 6.8% x 10,000 = $680

Face value (FV) = $10,000

Number of times coupon is paid in a year (m) = 2

No of years to maturity = 8 years

Yield to maturity (Kd) = 8% = 0.08

Po = R/2(1- (1 + r/m)-nm) +  FV/ (1+r/m)n m

                      r/m

Po = 680/2(1-(1+0.08/2)-8x2) + 10,000/(1 + 0.08/2 )8x2

                          0.08/2                              

Po = 340(1 - (1 + 0.04)-16)    + 10,000/(1 + 0.04)16

                      0.04                            

Po = 340(1-0.5339) + 10,000/1.8730

                 0.04

Po = 3,961.85 + 5,339.03

Po = $9,300.88

Explanation:

The current market price of a bond is a function of the present value of semi-annual coupon and present value of the face value. The present value of semi-annual coupon is obtained by multiplying the coupon by the present value of annuity factor at 8% for 8 years. The present value of face value is obtained by discounting the face value at the discount factor for 8 years. The addition of the two gives the present value of the bond. All these explanations have been captured by the formula.

3 0
3 years ago
A 25-year-old engineer is opening an individual retirement account (IRA) at a bank. Her goal is to accumulate $1 million in the
dimaraw [331]

Answer:

The minimum deposit will be of 3,081 and after 40 year it will get 1,000,000 dollars

Explanation:

We have to solve for the C of an annuity growing

\frac{1-(1+g)^{n}\times (1+r)^{-n} }{r - g}

g 0.05

r 0.06

C 3,081

n 40

C \frac{1-(1+0.05)^{40}\times (1+0.06)^{40} }{0.06-0.05} = 1,000,000

C \times 324.57 = 1,000,000

C = 1,000,000/ 324.57 = 3,081

8 0
3 years ago
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