Business, 19.03.2020 00:46 nees123

Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.00 each. Indicate whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding.
1) The government prohibits donut shops from selling donuts for more than $1.20 each.
2) Due to new regulations, donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so.
3) The government has instituted a legal minimum price of $0.80 each for donuts.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 12:30

Is not a primary concern when writing menu copy.

Answers: 1

Answer

Business, 22.06.2019 10:00

Your uncle is considering investing in a new company that will produce high quality stereo speakers. the sales price would be set at 1.5 times the variable cost per unit; the variable cost per unit is estimated to be $75.00; and fixed costs are estimated at $1,200,000. what sales volume would be required to break even, i.e., to have ebit = zero?

Answers: 1

Answer

Business, 22.06.2019 20:00

Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396

Answers: 3

Answer

Business, 22.06.2019 20:00

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?

Answers: 1

Answer

You know the right answer?

Suppose that, in a competitive market without government regulations, the equilibrium price of donut...

Questions