Use the Following to Answer Questions

question 2

Multiple Choice

Use the following to answer questions
The Ventura Company reported total stockholders' equity of $500,000 at December 31, 2010. In addition, there were 80,000 shares of common stock and zero shares of preferred stock outstanding for the entire year. During 2010, Ventura earned net income equal to $75,000, which included deductions of $7,000 for interest and $11,000 for income taxes. Total dividends paid to common stockholders during the year were $60,000. The company's statement of cash flows showed $56,000 in net cash inflows from operating activities, and its stock was selling for $17 per share on December 31, 2010.
-The dividend yield was:

• A)4.4%
• B)4.7%
• C)7.0%
• D)7.5%

Analyze the impact of government-imposed price controls on market equilibrium.

Identify the effects of minimum wage laws on employment and unemployment.

Explain the consequences of surplus and shortage caused by price controls.

Describe how price controls affect consumer welfare and market efficiency.

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Definitions:

Work in Process Inventory

Goods that are in the manufacturing process but are not yet completed.

Manufacturing Costs

The expenses directly related to the production of goods, including raw material, labor, and overhead costs.

Cost of Goods Manufactured

The total production cost of goods that were completed during an accounting period, including labor, materials, and overhead.

Indirect Materials

Materials used in the production process but not directly traceable to a finished product, such as lubricants and adhesives for machinery.