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3 years ago

Producers will supply an inefficiently low quality of a good if the government imposes:

Business

1 answer:

ruslelena [56]3 years ago

6 0

Answer:

A binding price ceiling

Explanation:

A binding price ceiling is a situation when the government force the producers to put the price of their product below the equilibrium price.

When being forced into a situation, most of the producers will find some other way to maximize their profit beside raising the price. This will most likely make them reduce the quality of materials that used to produce the goods. This will lower the capital needed for the production and increase the profit. But in return, the supply will be inefficiently and have low quality.

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Garcia Co. sells snowboards. Each snowboard requires direct materials of $100, direct labor of $30, and variable overhead of $45

jeka57 [31]

Answer:

Selling Price per unit = $287.5 per unit

Explanation:

Provided quantum of sales = 10,000 units

Cost statement for 10,000 units

Direct material = $100 $\times$ 10,000 = $1,000,000

Direct Labor = $30 $\times$ 10,000 = $300,000

Variable Overhead = $45 $\times$ 10,000 = $450,000

Fixed Overhead Costs = $635,000

Fixed Selling and administrative Cost = $115,000

Total = $2,500,000

Add: Profit mark up 15% = $375,000

Total Selling Value = $2,875,000

Selling Price per unit = $2,875,000/10,000 = $287.5 per unit

6 0

3 years ago

Which of the following would be most likely to use process costing? a.lawn fertilizer manufacturer b.custom furniture manufactur

Novosadov [1.4K]

Answer:

The correct answer is letter "A": lawn fertilizer manufacturer.

Explanation:

Process costing is a type of costing approach used by companies to identify expenses for individual units produced. This method is useful for manufacturers in charge of mass production where all the units are almost the same or equal. Thus, <em>a lawn manufacturer could use the process costing system</em> because the equipment produced in that industry are almost equal and tend to be manufactured in large quantities.

5 0

3 years ago

What does it mean when an economist says that a consumer has demand for a good or service?

FrozenT [24]

Demand means the consumers want the product or service. If there is a demand, companies must supply. "supply and demand"

7 0

3 years ago

It is the process of enabling people to increase control and to improve their health.

Rashid [163]

Answer:

Health Promotion

Explanation:

Health promotion is the process of enabling people to increase control over, and to improve, their health. This is accomplished by building healthy public policies, creating supportive environments, and strengthening community action and personal skills. ...

Hope this helps!

4 0

3 years ago

Read 2 more answers

Assume Bank XYZ has 3 assets and 4 liabilities, with the following information: Assets Liabilities yield dollar value cost dolla

goldfiish [28.3K]

Answer:

The answer is "$500".

Explanation:

Calculating the total Interest Income:

$= \$( 5\% \times 1000+10\% \times 4000+20\% \times 2000)\\\\= \$( \frac{5}{100} \times 1000+ \frac{10}{100} \times 4000+ \frac{20}{100} \times 2000)\\\\=\$ (50+400+400) \\\\ =\$ 850$