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alexdok [17]
3 years ago
6

The price of a gallon of gasoline in bonland is? $3.20. however, just before the? election, the government decides to fix the pr

ice of gasoline at? $2.80 per gallon. this is an example of a? ________.
Business
1 answer:
ehidna [41]3 years ago
3 0
This is ab example of a price floor. It is price that set by the government as a minimum price that would be imposed on a product. This value should be higher than that of the equilibrium price to be effective. It is used in order to prevent the prices to be too low.
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BEFORE GETTING OUT OF YOUR CAR, AFTER PARKING AT A TWO-WAY STREET CURB, YOU SHOULD:
Semenov [28]

Answer:

C. Look for cars of bicycles on the traffic side of your vehicle.

Explanation:

Safety is always first, for you, and the people around you. To minimize risk of injury, you must check for oncoming cars or bikers.

7 0
3 years ago
Read 2 more answers
Craigmont Company's direct materials costs are $4,200,000, its direct labor costs total $8,080,000, and its factory overhead cos
USPshnik [31]

Answer:

$12,280,000.

Explanation:

All the direct costs involved in the manufacturing of a product except fixed cost is called prime cost e.g direct material, direct labor etc.

Direct Material = $4,200,000

Direct labor = $8,080,000

Total Prime cost = Direct material + Direct labor = $4,200,000 + $8,080,000 = $12,280,000

Overhead costs are not classified as the prime cost because these are indirect costs.

4 0
3 years ago
Under what circumstances might a business plan include a funding request for working capital? Select one: a. It is just starting
cestrela7 [59]
A. It is just starting out.
8 0
3 years ago
The cost method that will yield an ending inventory value that is somewhere between possible high and low costs (prices) using t
o-na [289]

The weighted average cost of capital is the cost approach that will produce an ending inventory value that is in between probable high and low costs (prices) using classic costing methods.

The weighted average cost of capital is the average cost of attracting investors, whether bonds or shareholders.

The computation weights the cost of capital depending on the amount of debt and equity used by the firm, providing a clear barrier rate for internal initiatives or future acquisitions.

The weighted average inventory cost is one of the approaches used in inventory valuation. It is computed by dividing the cost of products for sale by the number of units for sale. i.e The cost of the items for sale and the quantity of units for sale. Because it is based on averages, the ending inventory value is generally somewhere between high and low cost.

To know more about weighted average cost of capital click here:

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8 0
1 year ago
The development of money as a medium of exchange has facilitated the expansion of trade because
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<span>Money is more easily portable than other things, even gold and silver. Bringing animals or salt to barter takes up a lot of space, whereas money just takes up the amount of space that a piece of paper does. Money is better than bartering for the facilitation of long distance trade for this reason.</span>
4 0
3 years ago
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