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zalisa [80]
2 years ago
10

The demand for corn has increased in May without any change in supply. Eight months later there still has been no change in corn

prices. This is an example of a
a. price floor.
b. sticky price.
c. macroeconomic price.
d. price control.
Business
2 answers:
kramer2 years ago
5 0

Answer: d. price control.

Explanation:

Price control is a mechanism used by government in order to control price, this is done when government sets a minimum and maximum price for certain goods and services, this is done in order to manage the purchasing power for such goods. Most times government adopt price control system for things like food, energy product, etc. Price control can lead to a situation where there will either be shortage or over supply.

Makovka662 [10]2 years ago
4 0

Answer:

Sticky price

Explanation:

Sticky price is when the market prices of goods , services and security refuse to change in reaction to changes in some economic factors despite shift in the demand and supply curve.

It finds it easier to move in one direction in a particular situation.

So also it does not respond to change in the cost of production.

Cost related to price changes , long term binding contracts some factors responsible for stick price

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On December 31, 2021, Gardner Company holds debt securities classified as HTM with a face amount of $100,000 and a carrying valu
Liono4ka [1.6K]

Answer:

there are no options, but the journal entry should be:

Dr Cash 2,500

Dr Investment in bonds 350

    Cr interest revenue 2,850

Explanation:

Since the bonds' carrying value is less than the face value, it means that Gardner Company purchased them at a discount. When the bonds were purchased, the investment in bonds account's balance was not $100,000 (the par value), instead it was recorded at the lower amount at which they were purchased. As coupon payments are received, the discount on the bonds is amortized and their carrying value should increase until it reaches par value on maturity date.

4 0
2 years ago
Moore’s Inc. will be making lease payments of $3,895.50 for a 10-year period, starting at the end of this year. If the firm uses
labwork [276]

Answer:

PV of lease annuity is $25000

Explanation:

As the paymengt will be made at the end of the year, the annuity is an ordinary annuity. We will calculate the present value of the ordinary annuity using the following formula,

PV Annuity = PMT * [( 1 - (1+r)^-n) / r]

Where,

  • PMT is periodic payment
  • r is discount rate per peiod
  • n is number of periods

Thus,

PV of annuity = 3895.5 * [( 1 - (1+0.09)^-10) / 0.09]

PV of annuity = $24999.985 rounded off to $25000

7 0
2 years ago
Assume you own and operate a small printing and specialty advertising business that employs 25 persons. With increased health ca
vladimir2022 [97]

Answer:

The answer is C.  Safety and security needs

Explanation:

The safety and security needs is one of the needs in the Abraham Maslow's hierarchy of needs that stated five tiers of human needs.

He opined that the safety and security needs is the second level of needs to be satisfied by an individual after  the physiological needs.

The safety and security needs includes personal security, employment, resources, health, property.

So definitely, the decision may cause employees to become greatly concerned about safety and security needs.  

6 0
1 year ago
The price of oil in the United States has been very volatile over the last 50​ years, with the real price of oil showing a few d
Snowcat [4.5K]

Answer:

The first dramatic swing happened in the 1970s when there was a sharp <em><u>rise</u></em> in the real price of oil caused by the <em><u>formation of OPEC.</u></em>

In 1973, the World saw it's first oil spike when members of the Organization of Oil Exporting Countries (OPEC) being mostly Muslims, decided to punish the Western World for their perceived support of the Israelis in the Yom Kippur War. They placed an embargo on the sale of oil to the West and because they controlled 56% of the then World supply, this was enough to force the price of oil up due to the reduction in demand.

<em />

The second swing happened in the 2000s when there was a sharp <em><u>rise</u></em><u> </u>in the real price of oil caused by <em><u>increased demand from emerging economies.</u></em>

From the early 2000s to 2008, the price of oil kept rising steadily till it reached around $147.30 in July 2008. This rise in prices was due to increased demand from newly industrialized and emerging nations like China that needed the oil to maintain their rapid growth.

<u><em /></u>

The most recent swing happened in 2008 when there was a sharp <em><u>drop</u></em><em> </em>in the real price of oil caused by<em> </em><em><u>a large financial crisis.</u></em><em> </em>

By December 2008, the price of oil had fallen to $32 and this was down to the global recession that was ravaging the World known as the Great Recession. As the world saw economic output fall, demand for oil decreased sharply thereby forcing the price of oil to fall dramatically.

3 0
2 years ago
"Which of the following is a support activity in a firm's value chain? A) Inbound logistics B) Operations C) Sales and marketing
Pepsi [2]

Answer:

The technology is a support activity in a firm's value chain.

Explanation:

Value chain analysis means the analysis which adds the value to the organization. It can be categorized in two activities - primary activities and support activities. This value chain analysis is propounded by Porter.

The primary activities includes inbound & outbound logistics, operations, Marketing & sales and service whereas support activities includes firm infrastructure, human resource management, technology , and procurement.

Thus,  the technology is a support activity in a firm's value chain.

4 0
1 year ago
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