Answer:
D. lower than the equilibrium price.
Explanation:
Markets are at equilibrium where demand = supply & demand, supply curves intersect.
Price ceiling is maximum price mandated by the government at which a good can be sold in the market. It is usually below equilibrium price, set to bring necessity goods under affordable price bracket of poor people.
This artificially reduced price creates excess demand or shortage (less supply), because at the lower price - demand is more but supply is less.
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Answer:
purchases = 160000
Explanation:
given data
beginning inventory = $140,000
amount of inventory on hand = $80,000
net sales = $400,000
gross profit rate = 40%
solution
we first Computation of cost of goods sold hat is
Gross profit rate = 
× 100
= 
= = 
= 100 Gross profit = 16000000
so
Gross profit = 160000
and
Cost of goods sold is = sales - gross profit
so
Cost of goods sold = 400000 - 160000
Cost of goods sold = 240000
and
Cost of goods sold = opening inventory + purchases - closing inventory
so put here value
240000 = 140000 + purchases - 60000
so purchases = 160000
Answer: How it Works: Exchanging with Interval International. In addition to your membership fee, regardless of level, you must pay an exchange fee of $189 per week
Explanation: How it Works: Exchanging with Interval International. In addition to your membership fee, regardless of level, you must pay an exchange fee of $189 per week
Answer: Corporate officer who serves in a representative capacity for the owners of the corporation.
Explanation: In simple words, a person acting on behalf of another person or group is called an agent.
A business agent uses the name of principal for entering into contracts with third parties while an employee is someone who is under the contract with the employer to perform his duties.
So from the above we can conclude that Janitor and gardener are an employee but corporate officer is an agent.
