A price floor is the mining price that can be charged for an item. A binding price floor is a price set above market average pricing. Since the government regulates this and will not let them sell below the average market price, the price is set in stone for the products price in the market.
Answer:
b. $62,784
Explanation:
Depreciation is the expense of an asset due to physical wear and tear of the equipment.
Book value is the net of depreciation value. It is calculated after deducting the accumulated depreciation from the cost of the asset.
MACRS = Cost x MACRS rate for the year
Year MACRS Depreciation Balance
0 $218,000
1 0.2 $43,600 $174,400
2 0.32 $69,760 $104,640
3 0.192 $41,856 $62,784
Opening Book value of next year is actually the closing book value of prior years.
Eileen's advice would be most appropriate if this change in behavior is affecting the employee’s performance. An employee assistance program plays a key role in providing counselling to help employees that may be experiencing personal problems especially when they negatively affect their performance.
Answer: It is called An EXCULPATORY CLAUSE
Explanation: A deficiency judgment is a court ruling against a debtor in default on a secured loan, indicating that the sale of a property to pay back the loan did not cover the outstanding debt in full.
In waiving the right to a deficiency judgement, AN EXCULPATORY CLAUSE is inserted in the financial contract which states that the borrower no longer has a financial liability. It relieves the borrower the personal liability to repay the loan.
Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature. Hence, to utilize the resources in the optimum possible way and meet the demands of humans, the economy allocates scarce resources.
<h3>How Microeconomics allocates scarce resources?</h3>
Microeconomics analyses how scarce resources are allotted efficaciously to the production of products and services. It facilitates in resolving the critical financial issues of the economic system at an individual level.
Thus, in this manner, Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature.
learn more about allocation of scarce resources:
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