The answer in the space provided is 'coming from'. It is because the countries like China and India has government which has less over sight which enables them to transport goods from chemical manufacturers because of their government that are not that strict in terms of transporting goods to other countries compared to others countries that have more over sight and are more strict.
Answer:
By setting the price of goods and services at a level where the suppliers and consumers feel comfortable, the quantity of goods and services supplied will be the same as the quantity of goods demanded.
Explanation:
A price system is a means of arranging economic activities by setting the standard prices of goods and services in that particular economy. In this way the agents of demand and supply can have an estimate of the price of various goods and services. In this way, a supplier who doesn't know the price of a goods or service that he/she plans to sell to a different country or region can use the price system to adjust their selling price effectively. On the same note, the consumers can also acquire goods and services that they have never demanded before by using the price system to determine the standard prices for those goods or services.
Prices are a reflection of the consensus between suppliers and consumers about the value of goods and services. The equilibrium price can be defined as the price where the quantity of goods supplied equals the quantity demanded. By setting the price of goods and services at a level where the suppliers and consumers feel comfortable, the quantity of goods and services supplied will be the same as the quantity of goods demanded.
<span>a merchandise purchases budget replaces the production budget.
the manufacturing budgets are not applicable.</span>
I don't think tthat it is doing enough to reduce dependence
Answer:
Explanation:
First, we have to compute the accrued interest amount, then only the adjustment entry would be made.
So,
Accrued interest = (Borrowed amount) × (rate of interest) × (number of months ÷ total number of months in a year)
= $8,000 × 12% × 2 ÷ 12
= $160
The two months is calculated from May 1, 2018 to June 30, 2018
Now, we pass the adjustment entry which is shown below:
Accrued interest expenses A/C Dr
To Interest payable
(Being adjustment entry of accrued interest is recorded)
