Answer:
c. $4,025,200
Explanation:
The computation of the total cash receipts from sales and collections in April month is shown below:
= April sales × cash sales percentage + April sales × credit sales percentage × collection month percentage + March sales credit sales percentage × Following month collection percentage
= $4,000,000 ×30% + $4,000,000 × 70% × 40% + $4,200,000 × 70% × 58%
= $1,200,000 + $1,120,000 + $1,705,200
= $4,025,200
Since cash sales are 30% , so the credit sales would be 70%
Answer:
Price Floor led Excess Supply can be solved by : Preserving goods Buffer Stock ; or processing goods to increase their shelf life (in case of perishable goods like Milk)
Explanation:
Unregulated markets are at equilibrium where : market demand , market supply are equal ; and downward sloping demand curve , upward sloping supply curve intersect.
Price Floor is minimum mandated price set by government, below which a good can't be sold in the market. It is usually set above equilibrium price, to protect interest of sellers. Example : Minimum Support Price as minimum agricultural goods price to protect interest of farmers, Given Milk Price floor case.
Price Floor creates artificially higher prices ; so increases supply, decreases supply & hence creates Excess Supply. Government can solve this excess supply by preserving stock supply for contingent times , eg - maintaining buffer stock. If the good is of perishable nature, as given milk case : it should be processed further to increase its shelf life, eg - cheese, such that the stock supply can be released at a slower pace.
Answer:
C) A dependent
Explanation:
You depend on other people for what you want
Depend = rely = same thing different way that it is written
You are depending on your parent/guardian for food, shelter, and clothing.
d is incorrect because you are not being independent, since you are not doing it yourself
Resourceful, nahh.
Lucky...how is that considered lucky, I mean yh ur lucky you have them but in this case no
Hope this helped!
Have a supercalifragilisticexpialidocious day!
Answer:
C. Supply Curve
Explanation:
Supply : Quantities sellers are able & willing to sell at a price , period . Determinants : Price (price supply direct relationship - upward sloping curve) , Inputs Price , Other goods price , Technology , Govt Policy , Seasonal factors .
Change in supply due to Price is 'Change in Quantity supplied' , leads to movement along the curve . Change in Supply due to other factors is 'Change in Supply' & shifts the curve
Damage of orange crop will decrease its supply & hence derived supply of its by product orange juice .
Since the decrease in supply is due to other (seasonal) factor , it will shift the supply curve - decrease it & leftward shift . This supply deficiency leads to excess demand raising the equilibrium prices finally .
