At december 31, the records of nortech corporation provided the following selected and incomplete data: common stock (par dollat 1; no changes during the current year). shares authorized, 500,000. shares issued, ? ; issue price dollar 23 per share. common stock account dollar 210,000. shares held as treasury stock, 3, 100 shares, cost dollar 21 per share. net income for the current year, dollar 165, 520. dividends declared and paid during the current year, dollar 53, 794. retained earnings balance, beginning of year, dollar 156,000. complete the following (round "per share" answers to 2 decimal places.) tip: to determine the number of shares issued, divide the balance in the common stock account by the par value per share.

the interest will be $59.71

hope this

the answer is a.

by: nicholas dooley

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.