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3 years ago

Governments often set price floors in an effort to protect:

Business

1 answer:

s2008m [1.1K]3 years ago

8 0

Answer:

B) Producers from low market prices

Explanation:

Price floors are usually used in order to ensure that the market price of a commodity does not fall below a level that would threaten the financial existence of producers of the commodity.

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PROBLEM 12-15 In Mississippi, a customer pays $52.41 for a product (including MS state sales tax). In Alabama, a customer pays $

alekssr [168]

Answer:

Please see attachment

Explanation:

Please see attachment

7 0

3 years ago

Novak Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $

Temka [501]

Answer: $2,940,000

Explanation: Weighted Average Accumulated Expenditure is the product of the amount incurred multiplied by the no of months its being capitalised.

on March 1st $ 2,520,000 was incurred = 10/12*2,520,000=2,100,000

on 1st June $1,680,000 was incurred = 6/12*1,680,000= 840,000

on 31st December $4,200,000 was incurred = 0/12*4,200,000=0

Total Weighted Average Accumulated Expenditures = 2,100,000+840,000

= $2,940,000

6 0

4 years ago

Read 2 more answers

The model of diminishing marginal utility is parabolic in nature, so it has a ______ value?

Ann [662]

It is minium because it is going down

5 0

4 years ago

The equilibrium point is at the confluence of the supply and demand curves. What does "confluence" mean?

sertanlavr [38]

Answer:

intersection point

Explanation:

Confluence means a meeting point or coming together. It is the point at which two or more variables join together. In the law of demand and supply, the equilibrium point is the level where demand meets supply. It is the intersection point of the demand and supply curves.

Confluence point of demand and supply curves will mean the quantity demanded and the quantity supplied will be equal. The confluence point will give a price and quantity acceptable by both buyers and suppliers. As the confluence of demand and supply curves, buyers are willing and able to purchase all the quantities firms are selling at that price level.

5 0

3 years ago

Wilbert's Clothing Stores just paid a $1.25 annual dividend. The company has a policy whereby the dividend increases by 2% annua

Anon25 [30]

Answer:

option (C) $1,353

Explanation:

Annual dividend paid = $1.25

Increase in dividend annually, g = 2%

Number of stocks to be purchased = 100

Rate of return, r = 12%

Price at the end of Year 3 = $\textup{Annual dividend}\times\frac{\textup{(1+g)}^n}{\textup{r-g}}$

here, n = 4 (after 3 years)

Price at the end of Year 3 = $\textup{1.25}\times\frac{\textup{(1+0.02)}^4}{\textup{0.12-0.02}}$

Price at the end of Year 3 = $\textup{1.25}\times\frac{\textup{1.0824}}{\textup{0.1}}$

Price at the end of Year 3 = $13.53

Therefore,

Expected amount to be paid for 100 shares = $13.53 × 100 = $1,353

Hence,

the correct answer is option (C) $1,353

8 0

3 years ago