Rent control is an example of a "price ceiling", it sets the price of rent "below" the equilibrium price and results in a "shortage" of apartments.
Answer is "D".
Rent control is a type of value control that confines the sum a property proprietor can charge for leasing a home or other land. Rent control goes about as a price ceiling by keeping rents either from being charged over a specific level or from expanding at a rate higher than a predetermined percentage.
Answer:
B. $183,000
Explanation:
Calculation to determine The amount of cash that will be collected in July is budgeted to be
Budgeted collection in July = July sales (190,000*35%) + June sales (210,000*45%) + May sales (110,000*20%)
Budgeted collection in July =$66,500 +$94,500 + $22,000
Budgeted collection in July=$183,000
Therefore The amount of cash that will be collected in July is budgeted to be $183,000
expensive...............................
Pay PMI (private mortgage insurance) which is the amount the lender charges to protect their interests in case the borrower stops paying and defaults on the loan.
Answer:
B
Explanation:
Original Cost -$120,000
Useful life -10 years
Residual Value - $20000
Annual depreciation - $(120,000-20000)/10 = $10,000
Accumulated depreciation for 4 years = 10*4= $40000
Book value at disposal = $120,000-$40000= $80000
Sales value = $35,000
Loss on disposal = $80,000-$35000= $45,000
