Answer: c.
In a competitive market, there are many producers competing to provide consumers the products they needed and thus they cannot dictate prices.
If a surplus occurs, there is an excess of quantity supplied and since producers won't be able to sell all their products, they tend or are forced to lower their price.
The reverse happens when there is a shortage. When there is less supply in the market, price increases.
Surplus and shortage in a competitive market, therefore, will cause shifts in the demand and supply curves that tend to eliminate the surplus or shortage.
Answer:
D. Check written for $ 59 but recorded by the Company as $ 95
Explanation:
The correct choice is D since a check written at a higher than the correct amount has to be adjusted by adding the differential amount to the balance per books.
The options B and C are errors by the bank and thus would need to be adjusted on the bank side of the bank reconciliation.
The option A refers to a check value erroneously understated in the balance per books and this would require a deduction on the balance per books.
Financial position also known as a Balance Sheet represents the Assets, Liabilities and Equity of a business at a point in time. Assets include cash, stock, property, plant or equipment - anything the business owns.
Answer:
<em>practicality</em>
Explanation:
Practicality can generally be described as the the real facts or details of a situation rather than focusing on ideas or theories.
Instead of assuming things, Kathleen, the manager is actual trying to look whether the company has enough resources as well as the caliber to make a product. Such an approach in the field of business is termed as practicality as the person depends on facts rather than theories or assumptions.
The Coca-Cola Company sells its products to bottling and canning operations, distributers, fountain wholesalers and some fountain retailers. They then distribute them to retail outlets, corner stores, restaurants, petrol stations and many more.
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