Answer:
d. Producers, who earn a higher price on the sale of each unit and also sell more units, thereby unambiguously earning higher revenues
Explanation:
A government price support program is when the government impose a price limit on a product to control the price of the product i.e price floor, and also the purchase of any surplus. The price floor and the purchase of any surplus for the product encourages the producers to produce more of the product.
Since price floor must be higher than the equilibrium price for it to be effective, the producers of the agricultural product earn more by selling in units and also earn more for selling any surplus to the government.
Answer:
For (1) the answer is (C)
For (2) the answer is (B)
For (3) the answer is (D)
Answer:
(C
) debit; $27,376.
Explanation:
The 58% portion related to factory expenses and should be charged to Manufacturing Overhead (DR) as an indirect expense. This should be absorbed as part of production costs.
The Balance of 42% will be charged as general depreciation on office building.
Answer:
Common Stock
Explanation:
We know that
The debit sections track assets, expenses side, and dividend while revenues, stockholder equity, and the liability side are reported in the credit section.
So in the given question, the common stock has credit balance whereas the dividend, supplies, and the salary expense has a debit balance
By proper posting of accounts in the correct columns, the total of debit and credit columns would be matched.
Answer:
Keep the cattle and recover the contract price from Esau
Explanation:
Since in the question it is given that the Double D Ranch and Esau enter into a contract on August 1 for selling of 200 cattle.
But Esau cancels the contract after 10 days. Now the Double D Ranch is not able to sell the cattle to the another buyer so in this case , the Double D Ranch should keep the cattle and get back the price of the contract from the another party i.e Esau as he cancels the contract
