All categories

3 years ago

What do price controls give us?

Business

1 answer:

Naddika [18.5K]3 years ago

3 0

Answer:

Price controls are government-mandated minimum or maximum prices set for specific goods and are typically put in place to manage the affordability of the goods. ... Over the long term, price controls can lead to problems such as shortages, rationing, inferior product quality, and black markets.

Explanation:

hope you get it right! ✋

You might be interested in

A double variable stores a value in 64 bits, using some bits for mantissa, some for exponent, and one for sign. which is true ab

Gala2k [10]

Limited bits may cause some rounding of the mantissa is true a few double variable

<h2>What is a double variable?</h2>

A double type variable may be a 64-bit floating data type

The double may be a fundamental data type built into the compiler and used to define numeric variables holding numbers with decimal points. C, C++, C# and lots of other programming languages recognize the double as a type

Why we use double data type?

Double is more precise than float and may store 64 bits, double of the amount of bits float can store. Double is more precise and for storing large numbers, we prefer double float. for instance , to store the annual salary of the CEO of a corporation , double are going to be a more accurate choice.

Learn more about double variable store:

brainly.com/question/14439990

#SPJ4

7 0

2 years ago

A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is___

Sati [7]

Answer:

Gross Profit= Sales - Cost of Goods Sold

Cost of Goods sold of 1 unit = $ 450,000/50,000

= $ 9

Cost of Goods Sold of 45,000 units = 45,000 * $ 9

= $ 405,000

Gross Profit of 45,000 units = Sales revenue of 45,000 units - Cost of Goods sold of 45,000 units

= 45,000 * $ 15 (Per Unit rate) - $ 405,000

= $ 675,000 - $ 405,000

= $ 270,000 i.e. option b

Explanation:

Refer to the answer.

4 0

4 years ago

Morgan Corporation purchased a depreciable asset for $600,000 on January 1, 2018. The estimated salvage value is $60,000, and th

KatRina [158]

Answer:

Annual depreciation= $165,000

Explanation:

First, we need to calculate the accumulated depreciation at the end of 2020:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (600,000 - 60,000) / 9

Annual depreciation= $60,000

Three full depreciable years have passed.

Accumulated depreciation= 60,000*3= $180,000

Now, the annual depreciation with the revised information:

Book value= 600,000 - 180,000= $420,000

The useful life remaining is two years.

Annual depreciation= (420,000 - 90,000) / 2

Annual depreciation= $165,000

8 0

3 years ago

Scenario: There are 4 households in a locality. The annual income of the first household is $20,000, the annual income of the se

Fynjy0 [20]

Answer:

A) The first household.

Explanation:

The tax of the first household = $20,000 x 20% = $4000

The tax of the second household = $47,000 x 17.5% = $8225

The tax of the third household = $50,000 x 13% = $6500

The tax of the first household = $71,000 x 10% = $7100

A regressive tax is a tax applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners. It is in opposition to a progressive tax, which takes a larger percentage from high-income earners.

Hence Household A which earns the lowest income pays the highest tax

3 0

3 years ago

Read 2 more answers

Four companies were sued by customers for injuries sustained from faulty products. All four companies settled out of court for $

Anettt [7]

Answer:

d. A company with assets totaling $50 billion.

Explanation:

In order to calculate the material impact of the lawsuit on each company, we must divide the settlement by total assets. In this case, we do not need to do the math, we simply have to select which company has the most assets. The more assets a company has, the lesser the material impact of any unfavorable settlement.

4 0

3 years ago