To delve into the underlying meaning of the terms, "stockholder" technically means the holder of stock, which can be construed as inventory, rather than shares. Conversely, "shareholder" means the holder of a share, which can only mean an equity share in a business. Thus, if you want to be picky, "shareholder" may be the more technically accurate term, since it only refers to company ownership.
Answer:
$198,000 and $0
Explanation:
The calculation is shown below:
The Cost of the land is
= Purchase price + Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building
= $178,000 + $15,300 + $1,100 + $2,300 + $1,300
= $198,000
As the property is buy for the building site so here no cost will be recognized and allocated to the new building cost
hence, it would be zero
Answer:
Price floor non binding
Price ceiling binding
Price ceiling binding
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
A. The minimum price is less than the equilibrium price, thus it is a non binding price floor
b. The maximum price is less than the equilibrium price, thus it is a binding price floor
c. Restaurants that would want to pay better wages are unable to do so. This means that there is a binding price maximum in place
Answer:
By what percentage did the price of a dozen eggs rise?
- [($2.75 - $0.96) / $0.96] x 100 = 186.46%
By what percentage did the wage rise?
- [($21.26 - $14.28) / $14.28] x 100 = 48.88%
In order to earn enough to buy a dozen eggs, a worker had to work <u>4.04</u> minutes in December 2000 and <u>7.76</u> minutes in December 2015.
- ($0.96 / $14.28) x 60 = 4.04 minutes
- ($2.75 / $21.26) x 60 = 7.76 minutes
Workers' purchasing power in terms of eggs between 2000 and 2015.
- purchasing power in terms of eggs in 2000 = 14.875 dozens of eggs per hour
- purchasing power in terms of eggs in 2015 = 7.76 dozens of eggs per hour
Answer:
A. never apologize for the price he quotes.
Explanation:
The prices that connor set was based on his research which included careful calculations of prices the competitors are selling at, the worth in value of his own product combined with the cost of providing that valued product. Hence, given what he considered before naming a price, he should never apologize for any price he quotes. Because, the prices he sets are a reflection of the profits he needs to make and also for sustainability of the business.
