BUSINESS HIGH SCHOOL

What is the difference between a price floor and a price ceiling?A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.
A price floor is the maximum price allowed for a good. A price ceiling is the minimum price allowed for a good.
A price floor is an advantage for consumers for buying a good. A price ceiling is a disadvantage for consumers for buying a good.
A price floor is a disadvantage for consumers for buying a good. A price ceiling is an advantage for consumers for buying a good.

Answers

Answer 1
Answer:

Answer: The answer is A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.

Explanation:

A price floor refers to the minimum price of a good or product. It is a price control which limits the lowest price of a product or service.

A price ceiling refers to the maximum price of a good. It is the price a seller is mandated to charge for a product or service. Government impose price ceiling in order to protect consumers from buying at higher or expensive prices.
Answer 2
Answer: Just like in math, floor means to round down (minimum), ceiling means to round up (maximum).

The only one that'd make sense would be the first statement.

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An everyday low pricing strategy stresses the continuity of retail prices ____ (A) at a level above regular retail prices.(B) at a level between the regular price and the deep-discount sale prices of competitors. (C) at a level below the deep-discount sales prices of competitors. based on variable production costs.(D) at a price skimming level.

Answers

Answer:

B is the correct option.

Explanation:

Everyday low price (EDLP) is the pricing strategy under which the retail stores provides low price without waiting for the sale events. In this strategy, the firm sets a low price and maintains it for a long time horizon. Walmart is One company who succeeded due to everyday low pricing strategy. The retailer following this strategy offers its customers low prices throughout the year. Although this strategy offers slim margins the retailer manages to generate huge profits.

An everyday low pricing strategy stresses the continuity of retail prices  at a level between the regular price and the deep-discount sale prices of competitors.

What is a  everyday low pricing strategy?

An everyday low pricing strategy is a pricing strategy used by retailers where retailers promise customers low prices without having to wait for promos, sales, coupons or discounts.

The purpose of  everyday low pricing strategy is to attract customers and increase market share.

To learn more about pricing strategies, please check: brainly.com/question/27146700

The chart of accounts includes assets, liabilities, and owner's equity accounts only. TRUE or FALSE.

Answers

The right answer for the question that is being asked and shown above is that: "TRUE." The chart of accounts includes assets, liabilities, and owner's equity accounts only. This statement is true as far as the chart of accounts is concerned.

If a driver with an insurance policy drives infrequently, it canraise costs.
lower costs.
create risk
share risk.

Answers

Answer: lower cost

Explanation:

An insurance policy is a contract between an insurance company and a policyholder, which helps the policyholder to be able to make claims when there's an accident or death in case of life insurance.

In the above scenario in the question, if a driver with an insurance policy drives infrequently, it can lower costs.

Therefore, the correct option is B.

Answer: Lower cost.

Explanation: This is the correct answer on Edge 2020 ( I just took the quiz and got it right ^-^).

In a transaction that qualifies under Section 351, Buster transfers an asset with a basis of $50,000 and a fair market value of $80,000 to Bronco, Inc. in exchange for Bronco common stock. The asset is encumbered by a $75,000 liability, which Bronco assumes. The liability was incurred many years ago to acquire the asset being transferred. Buster owns 100% of Bronco, Inc. Buster must recognize a gain on this transaction of:

Answers

Answer:

$0

Explanation:

The basis for a Section 351 transfer = fair market value of the property - assumed liabilities = $80,000 - $75,000 = $5,000

Since Buster controls Bronco Corporation (he owns 100%) and he exchanged the property for common stock, no gain or loss should be recognized, neither by Buster or the corporation. All that must be recognized is the new basis for the asset ($5,000).

Answer:

$0

Explanation:

The directors of Z Corp. have ignored the warnings and citations issued to the company by a government regulator for several years. Even though the company has eliminated director liability for violating the duty of care, the directors may be liable for breaching the:

Answers

Answer:

Duty of care and oversight

Explanation:

Though the liability due to carelessness is waived off but the directors are liable for duty of care and duty of oversight of companies issues and they must act in the best interest of shareholders. This carelessness will result in heavy fines which the shareholders will have to bear. So the director is liable for his misconduct.

Answer:

Duty of obedience

Explanation:

The fiduciary duties of the board of directors include the duty of care (which was eliminated by the company), but it also includes the duty of loyalty and obedience to the corporation.

The duty of obedience means that board members must make sure that the corporation follows all applicable laws and regulations. If they are ignoring warnings and citations, the corporation is obviously not following all the laws and regulations.

Whether you are dealing with a loan or a credit card, the amount of interest your payment includes each month is known as what?Finance charge

Minimum payment

Principal

Annual percentage rate (APR)

Answers

Answer:

Finance charge

Explanation:
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