Different locations contain different resources, countries trade to exchange their resources with other countries. Countries also trade to gain profit. Some goods are in demand and by trading, they can make a flourishing economy.
A binding price ceiling is designed to c) keep prices below the equilibrium level.
<h3>What is a binding price?</h3>
A binding price ceiling is a term used to refer to a case whereby government sets a required price on a good or goods.
This price is usually set at a price below equilibrium.
Producers are are usually at the beneficial sides as a result of the binding price floor incase the price is higher than equilibrium price.
while Consumers are always worse off since they must pay more for a lower quantity.
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Answer:
The offer price is $ 11.21.
Explanation:
Given that Fidelity Investments is selling a real estate income mutual fund for $ 10.94 per share, and the fund charges a load of 2.5%, the following calculation must be performed to determine what is the offer price:
10.94 x 1.025 = X
11.2135 = X
Therefore, the offer price is $ 11.21.
Answer:
A.Income statement
Explanation:
The income statement of a institution or business that shows the expenses, costs and the incomes during a certain period of time, it is often done quarterly or annually in order to present the tax declaration, it is also known as "profits and loss statement" because it shows exactly if the business had profits or lost money during that period of time.
Answer:
The company should order 100 units to minimize total inventory cost.
Explanation:
Given,
Annual Demand, D = 2,000 units
Order cost, S = $20
Purchase cost = $40
Holding cost, H = Purchase cost x percentage of holding cost
Holding cost = $40 × 20%
Holding cost = $8
We know, the company should order the highest number of products with a minimum cost, and for that, the company uses economic order quantity. Hence,
Economic Order Quantity (EOQ) =
EOQ =
EOQ =
EOQ = 100