Answer:
C) Quantity demanded will decrease, quantity supplied will increase, and a surplus will result
Explanation:
Price floor is the least amount a good or service can be sold. A price floor is usually set above equilibrium price.
When a price floor is enacted, it usually discourages demand because prices are usually set higher and encourages supply.
As a result, quantity demanded will decrease, quantity supplied will increase, and a surplus will result.
I hope my answer helps you.
I believe the answer is A becuase working at a lemonade stand helps you kinda run a business if you think about it
Answer:
An area with younger people will have a higher demand for rentals and a lower demand for buying.
Answer:
Answer for the question:
Windsor Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $107,000. (a) Prepare the journal entry for the issuance when the market price of the common shares is $164 each and market price of the preferred is $205 each. (b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $184 per share. (Round answers to 0 decimal places, e.g. $1,225. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit (a) enter an account title for case A
is given in the attachment.
Explanation:
Answer:
March 1
Account Debit Credit
Cash $323,000
Common Stock $153,000
Paid-In Capital in Excess
of Par Value $170,000
April 1
Account Debit Credit
Cash $87,000
Common Stock-no par value $87,000
April 6
Account Debit Credit
Inventory $56,000
Common Stock $56,000
Machinery $170,000
Paid-In Capital in Excess of
Common Stock $170,000
Note Payable $92,000
Cash $92,000
