Answer:
The correct answer is A
Explanation:
Price floor, also referred to as the minimum price, which is described as the lower limit placed by the regulatory authority or the government on the price which is per unit of the product or the commodity.
Non- binding price floor, means that the price floor is less than the present price of the market, and the equilibrium price will be more or above the price floor.
So, when the price floor is not binding, then the market will be shortage or less than from the present price.
Answer:
It helps consumers tell producers when prices are too high.
Explanation:
The law of demand affirms that an increase in price results in reduced demand. It means that when prices increase, consumers will buy fewer quantities of a product or service. The law of demand shows the relationship between price and the quantity of a product consumers are willing to buy in the market.
Consumers can communicate with producers through the volume of products purchased. When the quantity purchased is low, producers will know the set prices are high.
Answer:
In a strong matrix organizational structure, the project manager controls the project budget and has moderate to high authority.
Explanation:
Answer:
More information is needed to prepare the closing entries, but this question has something very important to consider. The fiscal closing of Carla Vista Company is as of July 31, so it should be pending that all cash inflows and outflows made after this date in the same year will not be included in this fiscal year, if not in the next.
Answer:
$28,500
Explanation:
Credit sales = $1,200,000
Bad debt account estimate = 1,200,000 *0.03 = 36,000
Amount already in allowance for doubtful account = 7,500
estimated bad debt expense = 36,000 - 7,500 = 28,500
