The city council of a university town are concerned about the high rents being charged to college students. they're considering placing a $350 rent ceiling on apartments in the city. an economist at the university estimates the demand and supply curves for this market to be: q = 6,000 - 8p q = 400 + 6p where p is monthly rent, qc is the quantity of apartments demanded, and qs is the quantity of apartments supplied. a. calculate the equilibrium price and quantity that would prevail without the price ceiling. draw a graph showing this result. b. what are the new price and quantity demanded/quantity supplied after the imposition of the price ceiling? show this result on your graph. calculate the welfare measures when moving from the free-market to the price ceiling solution-specifically, find measures for changes in consumer surplus, producer surplus, and the deadweight loss.

The budgeted overhead cost for the year is $1,260,000. the company has estimated that one-third of the budgeted overhead cost is incurred to support the firm's two partners, and two-thirds goes to support the staff accountants. the current audit bid for monoco industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material. what is the overhead rate based on a single cost driver (rounded to the nearest percentage)?

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u. s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is