Baytown Paper Company has a debt ratio of 25%, which means that 75% of the assets are financed by creditors.

a. true
b. false

Answer: b. false

Business

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What will be an ideal response?

Business

Which of the following statements describes a price ceiling?

a. A price ceiling is a legal maximum on the price at which a good can be sold. b. A price ceiling is a legal minimum on the price at which a good can be sold. c. A price ceiling occurs when the price in the market is temporarily set at market equilibrium. d. A price ceiling occurs when the price in the market is temporarily above equilibrium.

Business