If it is a binding price floor, when the law is repealed, quantity demanded increases and quantity supplied decreases.
If it is a binding price ceiling, when the law is repealed, quantity demanded decreases and quantity supplied increases.
<h3>What is a price floor and a price ceiling?</h3>
A price floor is when 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 sets the maximum price for a product. It is binding when it is set below equilibrium price.
To learn more about price floor, please check: brainly.com/question/26551616
Answer:
a. is equal to
b. is greater than
c. less than
Explanation:
The difference between variable costing and absorption costing methods is that the overheads are treated differently. While absorption costing method does not differentiate the fixed manufacturing overheads from the variable manufacturing costs, the variable costing method only accounts for the variable elements of all costs, whether manufacturing cost or not.
Answer :
Accounting rate of return = 0.0432 = 4.32%
Explanation :
As per the data given in the question,
Depreciation per year = (Cost - Salvage) ÷ Useful life
= ($810,000 - $10,000) ÷ 8 years
= $100,000
Annual Net income = Annual net cash flow - Depreciation
= $135,000 - $100,000
= $35,000
Accounting rate of return = Annual net income ÷ investment
= $35,000 ÷ $810,000
= 0.0432
= 4.32%
We simply applied the above formula
The release of earnings announcements and economic indicators are similar because c) both are estimated in advance by analysts.
<h3>Why are earnings announcements analyzed?</h3>
Earnings announcements help determine the value of a company and so they are analysed to help people decide if they can invest and make a capital gain.
Economic indicators are also analyzed with the goal being to predict where the economy is going and what to do about it.
The full question and options are:
What does the release of earnings announcements have in common with the release of economic indicators?
a) Both are typically released on a quarterly basis.
b) both are typically published by corporations
c) both are estimated in advance by analysts
Find out more on economic indicators at brainly.com/question/903754.
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When you earn college credit from courses you take in high school, you don't have to retake that course in college. Therefore, you might be able to graduate early and pay less tuition.
A. don't have to pay as much for tuition
