. yes, because he didnt pay within the grace period
Dude, you've got your priorities all sorted out ahahah
Answer:
The amount of total current assets that will be reported on the budgeted balance sheet is $40,000.
Explanation:
Total current assets
= Cash + Accounts receivable + Finished goods inventory + Raw materials inventory
= $4,000 + $16,000 + $12,000 + $8,000
= $40,000
Therefore, The amount of total current assets that will be reported on the budgeted balance sheet is $40,000.
Answer. C Binding price floor that creates a surplus
Explanation: A government imposed price of $12 in this market is an example of a binding price floor that creates a surplus as the government has fixed the price of the goods as $12 due to which the floor price is fixed and the surplus is created as the price is too high that the demand of the goods decreases. This intervention by the government is to create surplus by binding the floor price.
