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2 years ago

Which of these keeps prices below equilibrium? A. Minimum price B. Price floor C. Minimum-wage laws D. Rent-control laws

1 answer:

8 0

The question ask on which of the following choices keeps prices below equilibrium and based on my research and further understanding i came up with an answer of letter D. Rent control laws because they are laws that set a limit on how high rent can be.

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natali 33 [55]

Answer:

B) Pay bills when they are due.

Explanation:

A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.

Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.

A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.

This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.

Generally, it's recommended that loans or bills are paid on a timely basis or as at when due in order to obtain a good credit score.

Hence, a way to establish a good credit record (score) is to pay bills when they are due.

6 0

3 years ago

The premium on a three-year insurance policy expiring on December 31, 20x11, was paid in total on January 1, 20x9. The original

bezimeni [28]

Answer:

b. The same as it would have been if the original payment had been debited initially to an expense account

Explanation:

We can use an example to explain this:

original journal entry to record a 3 year insurance policy on January 1 is:

Dr Prepaid insurance 3,600

Cr Cash 3,600

Adjusting entry on December 31

Dr Insurance expense 1,200

Cr Prepaid insurance 1,200

balance of prepaid insurance = $3,600 - $1,200 = $2,400

If instead of recording prepaid insurance on January 1, you recorded insurance expense:

Dr Insurance expense 3,600

Cr Cash 3,600

Adjusting entry on December 31

Dr Prepaid insurance 2,400

Cr Insurance expense 2,400

balance of prepaid insurance = $2,400

5 0

3 years ago

Bakery A uses 60 bags of flour each month. The flour is purchased from a supplier for a price of $80 per bag and an ordering cos

jasenka [17]

I don't what the answer is but I will look for it

3 0

2 years ago

Why are us firms moving manufacturing jobs overseas?

inysia [295]

United States based firms are moving manufacturing jobs overseas simply because they can get away with paying workers in foreign countries WAY less than in America. They also do not need to follow the strict labor laws and provide benefits to outsourced employees.

8 0

2 years ago

Liberty Insurance Company processes applications forms. The average output in a week is 600 claims. Currently the staff includes

GarryVolchara [31]

Answer:

Output = 600 claims

Input = (18*6*40) + 1200 = $5520

Cost per application = $9.2 is the cost per claim

Productivity ratio = 600 / 5520 = 0.1086

Explanation:

The productivity of the application process = total weekly cost incurred / weekly application output

Here we have average output of 600 application per week

And cost we have,

Total cost = weekly staff cost + weekly cost on computer technology

Weekly staff cost = 40 hours * 6 staff * $18 per hour rate = $ 4,320

Weekly cost on computer technology = $ 1200

Total cost = $4320 + $ 1200 = $5,520

Now productivity = $ 5,520 / 600 application = $ 9.2

Or we can say that it takes $ 9.2 to process one application

(b) Here we have average output of 650 application per week

And cost we have,

Total cost = weekly staff cost + weekly cost on computer technology

Weekly staff cost = 40 hours * 5 staff * $18 per hour rate = $ 3,600 ( assumed that one staff is reduced as one application evaluator is retiring and not replaced)

weekly cost on computer technology = $ 1800

Total cost = $3,600 + $ 1800 = $5,400

Now productivity = $ 5,400 / 650 application = $ 8.31

Or we can say that it takes $ 8.31 to process one application

Percentage change in productivity ={ ($8.31 – $ 9.2 )/ $ 8.31 } * 100 = - 10.71%

Means that the cost has reduced by 10.71 % by the new process

4 0

2 years ago