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xenn [34]
3 years ago
7

Price ceilings are often established in order to

Business
1 answer:
monitta3 years ago
3 0
The correct answer is C. keep products affordable for consumers.

Price ceilings are created to help people acquire bare necessities such as water, or wheat and flour, or anything similar. A price ceiling is imposed and you pay that amount maximum, and if prices should rise because of production costs then the country pays for the extra charge out of its budget.
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In the books of seller, ____ is deducted from the invoice price when the buyer pays earlier or on the date/term stipulated
BartSMP [9]

Not enough information to answer the question, sorry.

5 0
3 years ago
Unearned revenues are generally: Multiple Choice Revenues that have been earned and received in cash. Increases to common stock.
Leto [7]

Answer:

i dont get it, is there a question?

Explanation:

6 0
3 years ago
The Global economy a. is trend that is fading quickly b.has only positive effects for United State c. has eliminated some jobs i
rodikova [14]
Its probably C. The other answers are highly unlikely. 
5 0
3 years ago
inventory Turnover and Days' Sales in Inventory The following financial statement data for years ending December 31 for Holland
Varvara68 [4.7K]

Answer:

                                            Year 2014           Year 2013

a) Inventory Turnover ratio 3.4 times  and   3.1 times

b) Number of days' sales in inventory 107.3 days and  117.7 days

Explanation:

As per the data given in the question,

As we know that

Inventory turnover ratio = Cost of goods sold ÷ Average inventory

where,

Average inventory

= (Beginning inventory + ending inventory) ÷ 2

For Year 20Y4 :

Average inventory = ($359,160 + $516,840 ) ÷2

= $438,000

And, the cost of goods sold is $1,489,200

So,

Inventory Turnover ratio

= $1,489,200 ÷ $438,000

= 3.4 times

For Year 20Y3 :

Average inventory = ($251,120 + $359,160) ÷ 2

= $305,140

And, the cost of goods sold is $945,934

So,

Inventory Turnover ratio

= $945,934 ÷ $305,140

= 3.1 times

Now

Number of days' sales in inventory = Number of days in a year ÷ Inventory Turnover ratio

For 20Y4

= 365 days ÷ 3.4

= 107.3 days

For 20Y3

= 365 days ÷ 3.1

= 117.7 days

Basically we applied the above formulas

4 0
3 years ago
Swifty Corporation took a physical inventory on December 31 and determined that goods costing $215,000 were on hand. Not include
balu736 [363]

Answer:

$262,000

Explanation:

Ending inventory = Goods on Hand + Cost Goods purchased from Marigold Corp + Cost of goods sold to Marigold Corp.

Ending inventory = $215,000 + $27,000 + $20,000

Ending inventory = $262,000

So, the amount that should Swifty report as its December 31 inventory is $262,000.

7 0
3 years ago
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