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3 years ago

All of the following will occur if the government places an effective price ceiling on candy bars except:

Business

1 answer:

miskamm [114]3 years ago

6 0

Answer:

c. there will be a surplus of candy bars.

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

If a price ceiling is effective, the price ceiling is set below equilibrium price.

If price is set below equilibrium price, the quantity supplied would fall and this would lead to an excess of demand over supply. Also, scarcity of the product for which a price ceiling has been set would occur.

A black market would occur. There would be a drop in the quality of product as sellers would be trying to maximise profits.

I hope my answer helps you

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When the sales of a certain brand of diet soda slowed, a national grocery retailer decided to drop the price of that product, wh

Zigmanuir [339]

I don’t know ??vvvvv

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3 years ago

Acme enterprises began the new year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this

Zanzabum

Answer:

$8500

Explanation:

Beg AP bal = 3000

Sold 1/2 of merch on acct = add 2500

Paid suppliers = subtract 1000

Bought more merch on acct = add 4000

3000 + 2500 - 1000 + 4000 = 8500

Ending AP bal = 8500

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2 years ago

The budget for making the movie The Twilight Saga: New Moon was one-fifth the budget for making Harry Potter: The Half Blood Pri

sergey [27]

Answer:

The budget for The Twilight Saga: New Moon = $50 million

Explanation:

Let the budget for Twilight Saga: New Moon = T

Let the budget for Harry Potter: The Half Blood Prince = H

We are given the following:

$T=\frac{1}{5}H$ (The budget for Twilight Saga is one-fifth the budget for Harry Potter)

Cross multiplying the equation

5T = H - - - - (1)

H + T = 300,000,000 - - - - - (2) (Together the budgets totaled $300 million)

Next, let us substitute the value of H in equation (2) with equation (1)

(5T) + T = 300,000,000

6T = 300,000,000

$T = \frac{300,000,000}{6} \\T = 50,000,000$

Therefore, the budget for The Twilight Saga: New moon = $50,000,000

And the budget for Harry Potter: The Half Blood Prince = $250,000,000

8 0

3 years ago

Dr. Rick Torres runs a chiropractic clinic. He typically bills his customers for services he performs and gives them about 30 da

Strike441 [17]

Answer:

e) accounts receivable

Explanation:

a) allowance for doubtful accounts: this is used to determinate a provision of uncollectible account. Customers that will not honor their debts.

b)prepaid expenses: This is use for the payment in advance for utilities and other expenses like rent. The description does not involve any payment from Dr Torres.

c)unearned revenues: used when the customer pays the service or goods but the business didn't perform or deliver. The Dr has perform his services so they revenues are earned.

d) intangible assets: refers to trademarks, patents and other assets which related to the business. the customers account are tangible, they are a know value

e) accounts receivable: correct.

This represent the collectible amount from customers, which is exactly what it is happening. The Dr gives a certain amount of time to receive the payment for his services. While the services aren't paid, the Dr has "Accounts to receive"

3 0

3 years ago

XYZ Corp issued $600,000 of 9% , 10-year bonds on June 30,2020, for $562,500. This price provided a yield of 10% on the bonds. I

Rom4ik [11]

Answer:

c. $18, 750

Explanation:

The computation of the amount of interest expense i.e. accrued is shown below:

= Issued amount × yield on the bonds × given months ÷ total number of months in a year

= $562,500 × 10% × 4 months ÷ 12 months

= $18,750

The 4 months is calculated from July 1 to October 31

Hence, the correct option is c. $18,750

5 0

3 years ago