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Anarel [89]
2 years ago
14

g A price ceiling that is set below the equilibrium price _____ . Group of answer choices causes suppliers to lose money creates

a shortgage creates a supplus is non-binding
Business
1 answer:
Allushta [10]2 years ago
6 0

Answer:

creates a shortage

Explanation:

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 price is set below equilibrium price, demand would outstrip supply and this would lead to a shortage

Effects of a price ceiling

1. It leads to shortages

2. it leads to the development of black markets

3. it prevents producers from raising price beyond a certain price

4. It lowers the price consumers pay for a product. This increases consumer surplus

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Cubie Corporation has provided the following data concerning its only product: Selling price$97per unit Current sales 10,300unit
SOVA2 [1]

Answer:

the  margin of safety in dollars is $129,883

Explanation:

The computation of the margin of safety in dollars is given below:

= (Current sales units - break even sales units) × selling price per unit

= (10,300 units - 8,961 units) × $97 per unit

= 1,339 units × $97 per unit

= $129,883

Hence, the  margin of safety in dollars is $129,883

6 0
2 years ago
The strategic alliance between Coca-Cola and Nestlé has spanned a period of over 20 years due to the fact that both companies be
stiv31 [10]

Answer:

Participating companies do not share costs or profits.

Explanation:

A strategic alliance is an agreement made by two or more parties (previously constituted as a company or related) to achieve a set of objectives desired by each party independently. This form of cooperation is between mergers and acquisitions and organic growth. Strategic alliances occur when two or more organizations come together to achieve mutual benefits. Strategic alliances are made between two or more companies or any type of previously established company;

The partners can contribute to the strategic alliance as long as they contribute with resources such as: products, means of distribution, manufacturing processes, fundraising for future projects, capital, knowledge, experience, or intellectual property.

3 0
3 years ago
Which of the following statements is correct? The journal entry to record bad debt expense requires a debit to bad debt expense
boyakko [2]

Answer:

This first statement it's to record an estimation of uncollectible accounts

  • The journal entry to record bad debt expense requires a debit to bad debt expense and a credit to allowance for doubtful accounts.

Explanation:

When the company determined the percentage of total amount of accounts receivables as uncollectible, the journal entry required is Bad Expenses (debit) with Allowance for Uncollectible Accounts (credit)

At the moment of the write-off as the expenses were before recognized we only use the Allowance for Uncollectible Accounts (Debit) with Accounts Receivable (Credit), with this we are recognizing the uncollectible credit of the company.

The other way it's to write-off directly the bad debts at the moment decided that the credit are uncollectible, the total amount  it's reported as bad debt expenses which affect negativly the income statement and the accounts receivable are reduce in the same amount, less assets.

4 0
2 years ago
Johan was a newly hired attorney for Crontel Manufacturing, Inc. Even though he reported directly to the president of the compan
pickupchik [31]

According to the information, Johan was beginning to recognize the informal organizational culture at Crontel Manufacturing.

<h3 /><h3>What is informal organizational culture?</h3>

It corresponds to the way in which organizational methods, regulations and practices are established in organizational routines, that is, in an informal culture, the roles and responsibilities of each position may be opposed to their formal distribution.

Therefore, the informal organization can be developed according to interpersonal relationships and activity patterns, which may or may not be reflected in the company's organizational chart.

Find out more about informal organization here:

brainly.com/question/1996110

6 0
2 years ago
Amos, Inc. uses a standard cost system with the following labor standards for one unit of product: standard hours 0.2 and standa
andriy [413]

Answer:

$529.34 favorable and $1,111 unfavorable

Explanation:

The computation of the direct labor rate variance is shown below:  

= Actual Hours × (Actual rate - standard rate)  

= 3,781 hours × ($41,066 ÷ 3,781 hours  - $11 per hour)  

= 3,781 hours  × ($10.86 per hour  - $11 per hour)  

= $529.34 favorable

And, the efficiency variance is

= (Standard hours - Actual hours) × standard rate

where,

Standard hours is

= 18,400 units × 0.2

= 3,680 hours

Actual hours is 3,781 hours

So, the efficiency variance is

= (3,680 hours - 3,781 hours) × $11

= $1,111 unfavorable

7 0
2 years ago
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