The real estate products division of mckenzie co. is operated as a profit center. sales for the division were budgeted for 2019 at $1,250,000. the only variable costs budgeted for the division were cost of goods sold ($610,000) and selling and administrative ($80,000). fixed costs were budgeted at $130,000 for cost of goods sold, $120,000 for selling and administrative and $95,000 for noncontrollable fixed costs. actual results for these items were:
sales $1,175,000
cost of goods sold variable 545,000
fixed 140,000
selling and administrative
variable 82,000
fixed 100,000
noncontrollable fixed 105,000
prepare a responsibility report for the real estate products division for 2019.

answer///parietal;

answer///supply is elastic, and demand is inelastic;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.

16 i am positive

explanation: