What is the economic effect of price ceilings?

a. there are no economic effects.

b. resources will be allocated efficiently.

c. an effective price ceiling will lead to a surplus.

d. an effective price ceiling will lead to a shortage?

What is the grace period on a credit card?

Theresa sued her former employer for age, race, and gender discrimination. She claimed $200,000 in damages for loss of income, $300,000 for emotional harm, and $500,000 in punitive damages. She settled the claim for $700,000.

At year-end (December 31), Chan Company estimates its bad debts as 0.30% of its annual credit sales of $656,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $328 account of P.

Porter Plumbing's stock had a required return of 11.75% last year, when the risk-free rate was 5.50% and the market risk premium was 4.75%. Then an increase in investor risk aversion caused the market risk premium to rise by 2%.

A major reason why it is difficult to lower the barriers to free trade is A. the loss of jobs without any gain of jobs from free trade. B. the uneven distribution of gains and losses from free trade. C.

A company acquired a truck for $79,000 at the beginning of the fiscal year. It has a useful life of 5 years and a residual value of $9,000. The company uses the straight-line method of depreciation.

An act of staging or presenting a play, concert, or other form of entertainment

Interest can be regarded as the Group of answer choices a. dollar amount of loanable funds that a person borrows to invest in a capital good. b. rate that a lender receives for the use of the lender's loanable funds. c.

Supply base rationalization:A. explains why a particular supplier has been chosen for a particular requirement. B. is an attempt to reduce the total number of suppliers to an organization. C. is an excuse by a supplier for poor delivery. D.

The American Cancer Society has been sending letters soliciting donations for years. When they added pre-printed address labels personalized as a gift to the receiver of the solicitation, donation levels went up by 30%.