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Alex_Xolod [135]
2 years ago
8

Consider again the price control described in the last question. Let's assume that the price control

Business
1 answer:
77julia77 [94]2 years ago
3 0

If it is a binding price floor, when the law is repealed, quantity demanded increases and quantity supplied decreases.

If it is a binding price ceiling, when the law is repealed, quantity demanded decreases and quantity supplied increases.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

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Answer:

b

Explanation:

most reasonable answer

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2 years ago
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Trout Lumber Yard has a current accounts receivable balance of $447,516. Credit sales for the year just ended were $8,105,305. a
musickatia [10]

Answer:

Trout Lumber Yard

a. The receivables turnover = Net Credit Sales/Average Receivables

= $8,105,305/$447,516

= 18 times per year

b. The Days' Sales in Receivables = Average Receivables/Credit Sales * 365

= $447,516/$8,105,305 * 365

= 20.15 days

c. On the average, it took 20.15 days (365/18.11) for credit customers to pay off their accounts during the past year.

Explanation:

a) Data and Calculations:

Accounts receivable balance = $447,516

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The receivables turnover = Net Credit Sales/Average Receivables

= $8,105,305/$447,516

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The Days' Sales in Receivables = Average Receivables/Credit Sales * 365

= $447,516/$8,105,305 * 365

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8 0
3 years ago
A call center with access to customer credit reports selling customer data to an outside organized crime organization for the pu
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3 years ago
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Answer:

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Explanation:

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3 years ago
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Hence we can conclude that she is willing to start a business.            

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3 years ago
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