Answer:
Part of the Question is missing (Kindly refer to the attachment for the full questions)
<u>Activities associated with price Ceiling</u>
- Pushes down housing costs for people who are well off and poor alike
- results in firms having a reduced incentive to build new housing
- reduce Landlords incentive to spend money on maintenance
<u>Activities associated with the Voucher</u>
- Can be targeted to help specific subsets of the population
- Increase the amount of available housing
- relies upon funding from the Government
Explanation:
<u>Activities associated with price Ceiling</u>
- Pushes down housing costs for people who are well off and poor alike <em>(this is the objective of the scheme to keep rent at a maximum of $1,000 to every student)</em>
- results in firms having a reduced incentive to build new housing <em>(makes the venture less lucrative to investors)</em>
- reduce Landlords incentive to spend money on maintenance <em>(Landlord will be least interested in cutting his limited inflow by spending on maintenance)</em>
<u>Activities associated with the Voucher</u>
- Can be targeted to help specific subsets of the population (<em>the voucher can be issued to the needy segment of the student population)</em>
- Increase the amount of available housing <em>(It doesn't stop the landlord from charging high rent, the students are earning subsidies on their rental payment)</em>
- relies upon funding from the Government (<em>It's the Government that will provide the subsidy payment to the students)</em>
Answer: Yes, it's beneficial
Explanation:
Comparative advantage is the ability of a nation to produce goods at a lower opportunity cost when compared to its trading partners. A comparative advantage allows a firm sell its product at a lower price and make more sales.
In comparative advantage, the nation might not necessarily be the best at producing a particular good but it has a low opportunity cost in the production of the good for other nations to import. Comparative advantage leads to specialisation and enhances economic growth.
For example, if France can produce cheap grapes and Italy can produce cheap tomatoes, France should stop producing tomatoes and Italy should stop producing grapes. France should focus on the production of grapes while Italy should focus on tomato production. This will lead to more income for both economies since there is productive efficiency.
Answer: See explanation
Explanation:
1. Dr Deferred revenue 2,000
Cr. Rent revenue 2,000
2 Dr. Insurance expense 6,600
Cr. Prepaid insurance 6,600
3 Dr Salaries expense 3,000
Cr Salaries payable 3,000
4 Dr Interest expense 250
Cr Interest payable 250
5 Dr Supplies expense 3,900
Cr Supplies. 3900
N. B:
Rent revenue for December was calculated as:
= $4,000 x 1/2
= $2,000
Insurance expense for the current year was calculated as:
= $13,200 x 6/12
= $6,600
Interest expense:
= $15,000 x 10% x 2/12
= $15000 × 0.1 × 2/12
= $250
Supplies expense:
= $1,000 + $3,400 - $500
= $3,900
Answer:
c.
Explanation:
the product is a "me-too" and contains no new technology or points of difference
Price skimming is a pricing strategy in which a marketer sets a relatively high initial price for a product or service at first, then lowers the price over time
Answer: option D
Explanation: A Limited liability partnership is an ownership style which exhibits characteristics of both partnership and corporations. This was implemented for the benefit of business entities and for the ease of owners.
a. In a limited liability a limited partner will never be personally liable for the debts.
b. A general partner can be a limited partner as long as there are two legal partners.
c. A general partner cannot be a secured creditor as he will always have unlimited liability.
d. A Limited liability partnership is the form of partnership in which some or all of the partners have limited liability.
