The international community has sought to reduce the negative effects of price floors by banning the practice of dumping surplus productions.
<h3>What is a
price floors?</h3>
This refers to the lowest legal price that can be paid in a market for goods and services, labor, financial capital etc.
It is adopted to keeps a price from falling below a given level. It is also called a price supports because they support a price by preventing it from falling below a certain level.
A very good example of price floor is the minimum wage which is a minimum price for the service of labor and thus is a price floor.
In conclusion, in the international sphere, the international community has sought to reduce the negative effects of price floors by banning the practice of dumping surplus productions.
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Answer:
A. Dr Raw meat Inventory 120,000
Cr Cash 120,000
B. Dr Indirect Materials $186,000
Cr Raw Materials $186,000
C. Dr Direct Materials $15,000
Cr Raw Materials $15,000
Explanation:
Preparation for the journal entries for the above transactions for the month of May.
Dr Raw meat Inventory 120,000
Cr Cash 120,000
(Being to record Raw materials purchases for cash)
B. Dr Indirect Materials $186,000
Cr Raw Materials $186,000
($201,000 - 15,000)
C. Dr Direct Materials $15,000
Cr Raw Materials $15,000
Answer:
a researcher's decision that it is important to contact and question or observe all members of a target population.
Explanation:
A census is a procedure by which information about a given population is collected and recorded. The most common types of census are population census and housing census.
Census can be arranged for any purpose depending on the researcher's goals. It also helps in decision-making, for example when the government is planning a national program it will need information about the target population like number of people and their location.
Answer:
$1000 at a 6.5% rate
$800 at a 5% rate
Explanation:
Let X be the amount invested at a 6.5% rate and Y be the amount invested at a 5% rate.
Solving the linear system:
$1000 were invested at a 6.5% rate and $800 at a 5% rate.