Answer:
price floor , binding
price ceiling binding
price floor , non 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
Because firms are unable to hire workers due to the minimum wage laws., it means it is binding price floor
Equilibrium price is $3 and the maximum price is $2.70 . Thus, it is a binding price ceiling
Equilibrium price is $3 and the minimum price is $2.70 . Thus, it is a binding floor
When society produces the combination of goods and services on the PPF that it values the most highly, society has Allocative efficiency. PPF is defined as the public provident fund, and Allocative efficiency<span> is the point in which the preference of the product consumption is balanced in production levels in an economy. This is specifically related to the benefit of a product or service being equivocal to the cost of making it, directly reflective of consumer preferences.
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Answer:
e. $6,000 preferred; $0 common.
Explanation:
The Preference Stock holders hold first preference during payment of dividends followed by the Common Stockholders.
Note also that Cumulative Preference Stock can have their dividends accumulated and paid in the latter years when funds become available.
Amount of Preference Stock dividend is fixed and calculated as follows:
9,450 shares × $10 × 5% = $ 4,725
2015
Cash dividends = $0
Preference Stock dividend Paid = $0
Preference Stock dividend Arrears = $ 4,725
No Common Stock Dividend
2016
Cash dividends = $6,000
Preference Stock dividend Paid = $6,000
Preference Stock dividend Arrears = $ 3,450
No Common Stock Dividend
Answer:
It resembles a structure of departmental and grid structure. Like departmental association, it has its own specializations headed by chief. The divisions existed in the firm are as per the following:
- boss activities/working official
- boss development official
- CFO
- general advice and security
- boss Human Resources official
- head controlling official and
- senior bad habit precedent-worldwide activity
This structure is level in nature, where all the departmental heads are reports to the supervisor Chief Executive Officer as it were. They get orders from the CEO and forward to their subordinates to execute the requests. This is firm is having 3 level administration structure just, for example President, utilitarian heads and officials. with this basic structure, the firm can communicate with others rapidly and without any problem. In the event that there are numerous levels in the center through and through, it sets aside a lot of effort to stream of data or whatever else start to finish and the other way around.
The dynamic is decentralized right now, practical heads have option to take choice at their level, to the major and corporate level methodologies just they relies upon CEO.
