Results for Desserts by Jacki's pie crust information for last quarter was as follows Actual production in pies 18,000 pies Standard cost for pie crust 6 ounces x $0.09 per ounce Actual cost for pie crusts purchased and used $10,890 for 99,000 ounces Desserts by Jacki purchases pie crusts as they are used. The journal entry to record the purchase and use of the pie crusts using standard costing would include a (debit/credit)

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?