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PtichkaEL [24]
3 years ago
6

The rationing function of prices means that

Business
1 answer:
sergeinik [125]3 years ago
7 0

Answer:

A) buyers and sellers synchronize their decisions through the price system

Explanation:

Buyers are affected by the price mechanism and generally demand less at higher prices while sellers offer more when the price is higher. This provides a rationing mechanism that is not controlled by a central authority.

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The custodian of a $450 petty cash fund discovers that the fund has $65 in coins and currency plus $382 in receipts at the end o
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The entry to replenish the petty cash fund will include a credit to cash for $385.

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When regular purchasing techniques are impractical, such as when buying office supplies or paying employees, a tiny sum of money called petty cash is utilized instead.

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