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3 years ago

When a price floor that has an impact is imposed, the quantity?

1 answer:

5 0

When a price floor that has an impact is imposed, the quantity DEMANDED WILL DECREASE AND THE QUANTITY SUPPLY WILL INCREASE. Price floor is often imposed by the government in order to prevent a price from falling below a certain point. When a price floor is placed above the equilibrium price, quantity supplied will be more than quantity demanded and there will be excess supply.

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Describe what a petty cash fund is by completing the following sentence. A petty cash fund is used for (large/small) payments in

exis [7]

A petty cash fund is used for small payments in order to avoid the time and cost of writing checks for small amounts.

<h3>What is petty cash?</h3>

A petty cash fund is a small amount of cash, used to pay for minor expenses, such as office supplies or employee reimbursements.

It is the pet a actual ledger book, rather than a computer record.

Hence, a petty cash fund is used for small payments in order to avoid the time and cost of writing checks for small amounts.

Learn more about petty cash here : brainly.com/question/6893535

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2 years ago

A sentence that summarily describes the target market and defines what a company wants customers to think about its brand is the

MaRussiya [10]

This is called a Positioning Statement

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2 years ago

James Company began the month of October with inventory of $19,000. The following inventory transactions occurred during the mon

Juli2301 [7.4K]

Answer:

<u>1. Entries using periodic inventory system</u>

October 12

Purchases $28,000 (debit)

Trade Payable$28,000 (credit)

Freight Charges $540 (debit)

Cash $540 (credit)

October 31

Trade Payable $28,000 (debit)

Cash $28,000 (credit)

October 31

Trade Receivable $28,800 (debit)

Revenue $28,800 (credit)

October 31

Inventory $28,100 (debit)

Cost of Goods Sold $28,100 (credit)

<u>2. Entries using periodic inventory system</u>

October 12

Merchandise $28,000 (debit)

Trade Payable$28,000 (credit)

Freight Charges $540 (debit)

Cash $540 (credit)

October 31

Trade Payable $28,000 (debit)

Cash $28,000 (credit)

October 31

Trade Receivable $28,800 (debit)

Revenue $28,800 (credit)

Cost of Sales $18,600 (debit)

Merchandise $18,600 (credit)

October 31

Merchandise $28,100 (debit)

Cost of Goods Sold $28,100 (credit)

Explanation:

<u>1. Entries using periodic inventory system</u>

With periodic system, inventory valuation is done at end of a specific period.

<u>2. Entries using periodic inventory system</u>

Perpetual system is the method of recalculating the value of goods held after each transaction

5 0

3 years ago

Total asset turnover is computed as: multiple choice Average sales divided by average total assets Net sales multiplied by avera

Korolek [52]

Overall asset turnover is computed as internet sales divided via common total assets.

Asset turnover is the ratio of overall sales or revenue to average property. This metric facilitates buyers to apprehend how efficaciously groups are using their assets to generate income. traders use the asset turnover ratio to examine similar corporations inside an equal area or organization.

A higher ratio is favorable because it suggests a more green use of belongings. Conversely, a decreased ratio suggests the organization isn't using its belongings as effectively. This is probably because of extra production capability, terrible series strategies, or bad stock control.

The asset turnover ratio is the ratio between the cost of a business enterprise's sales or revenues and the fee of its property. it's far an indicator of the efficiency with which an employer is deploying its assets to provide sales. as a consequence, the asset turnover ratio can be a determinant of an organization's performance.

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6 0

1 year ago

Which of the following is true?

Mandarinka [93]

Answer:

The answer is "Choice C".

Explanation:

The federal securities legislation governs its sales or offering of stock, investment management, the companies of some industry professional persons, investment companies like mutual funds, tender documents, proxy statements, and, more particularly, publicly-traded company control. It's not just the external directors, but also the managers of the organization apply to these rules mostly on the release of erroneous financial reports.

3 0

3 years ago