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irinina [24]
3 years ago
10

When a binding price ceiling is imposed on a market to benefit buyers,

Business
1 answer:
Nostrana [21]3 years ago
5 0

Answer:

D

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

When a binding price ceiling is imposed, there would be an excess of demand over supply. this would lead to a scarcity. As a result, some buyers would not b able to buy any amount of good

Effects of a price ceiling

  1. It leads to shortages
  2. it leads to the development of black markets
  3. it prevents producers from raising price beyond a certain price
  4. It lowers the price consumers pay for a product. This increases consumer surplus

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Pigot Corporation uses job costing and has two production departments, M and A. Budgeted manufacturing costs for the year are as
tensa zangetsu [6.8K]

Answer:

Department M

Manufacturing overhead rate = $600,000/200,000 hrs = $3/hr

Department A

Manufacturing overhead rate = $400,000/800,000 hrs = $0.5/hr

Manufacturing overhead cost allocated:

Department M = $3 x 8,000      = $24,000

Department A  = $0.5 x 12,000 = $6,000

Total manufacturing cost allocated = $30,000

Explanation:

This relates to overhead absorption. The manufacturing overhead rate is calculated as budgeted manufacturing overhead divided by budgeted direct labour hour.

Manufacturing overhead allocated = manufacturing overhead rate x actual labour hour for each department for the job.

6 0
3 years ago
The following computations were made from Clay Co.'s current-year-end books:Number of days' sales in inventory 61Number of days'
adelina 88 [10]

Answer: 94 DAYS

Explanation: The average time it takes for the business to complete the whole process of making initial cash outflow to produce goods and receiving cash from customers by selling those goods produced is called operating cycle of that business.

formula = number of days of inventory + number of days in accounts receivable

therefore,

operating cycle = 61 days + 33 days = 94 days

5 0
3 years ago
Valley Orchards just paid a dividend of $1.2 per share on its stock. The dividends are expected to grow at a constant rate of 3.
jeyben [28]
2. How should employers respond to K to 12 graduates who apply for vacant positions in
3. What were the perceived disadvantages of K to 12 graduates pcompared to college students?
4. What factors could give K to 12 graduates an advantage in the labor market?
Discussion Questions
1.
What is the dilemma K to 12 graduates face when applying for a job?
their company? Pa help asap po 2. How should employers respond to K to 12 graduates who apply for vacant positions in
3. What were the perceived disadvantages of K to 12 graduates pcompared to college students?
4. What factors could give K to 12 graduates an advantage in the labor market?
Discussion Questions
1.
What is the dilemma K to 12 graduates face when applying for a job?
their company? Pa help asap po 2. How 2. How should employers respond to K to 12 graduates who apply for vacant positions in
3. What were the perceived disadvantages of K to 12 graduates pcompared to college students?
4. What factors could give K to 12 graduates an advantage in the labor market?
Discussion Questions
1.
What is the dilemma K to 12 graduates face when applying for a job?
their company? Pa help asap po should employers respond to K to 12 graduates who apply for vacant positions in
3. What were the perceived disadvantages of K to 12 graduates pcompared to college students?
4. What factors could give K to 12 graduates an advantage in the labor market?
Discussion Questions
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What is the dilemma K to 12 graduates face when applying for a job?
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7 0
2 years ago
Assume that you are on the financial staff of Vanderheiden Inc., and you have collected the following data: The yield on the com
Katyanochek1 [597]

Answer:

WACC = 7.48%

Explanation:

We can calculate the Firm's WACC by using Excel.

Let's assume this is our Excel Blank Sheet.

          A                    B                                  C                    D

1   Particulars        Rate                             Weight          Weighted rate

2   Debt           = 7.75%(1 - 40%)                 0.45               =B2×C2

                        = 4.65%

3   Equity         = (0.65/(19 × (1 - 10%)))+6%

                        = 9.80%                               0.55             = B3×C3

4                     WACC                                   =SUM(D2:D3)

<h3>Output:</h3>

          A                    B                  C                    D

1   Particulars        Rate              Weight          Weighted rate

2   Debt            = 4.65%             45%               2.09%

3   Equity          = 9.80%             55%               5.39%

4                     WACC                                        7.48%

4 0
2 years ago
Category 2013 2014 Accounts payable 16,200 ???? Accounts receivable 48,600 44,500 Accruals 24,300 16,200 Cash 81,000 98,000 Comm
Anestetic [448]

Answer:

The answer is e. 40,500.

Explanation:

To find out the balance for account payable in 2014, we need to recall to the Accounting equation:

Asset = Liabilities + Owner's Equity

Applying in the question, we replace the balance of asset items, liability items and equity items in 2014 to find the answer:

Account Receivable + Cash + Inventories + Net Fixed Asset = Account Payable + Accruals + Common Stock + Long term debt + Notes payable + Retained earnings

=> 44,500 + 98,000 + 60,800 + 121,500 = Account Payable + 16,200 + 81,000 + 89,100 + 37,200 + 60,800 <=> Account Payable = $40,500.

So, the answer is e. 40,500.

5 0
3 years ago
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