Answer:
debit Supplies and credit Supplies Expense for $1,060
Explanation:
Based on the information provided within the question it can be said that the best option in this scenario would be to debit Supplies and credit Supplies Expense for $1,060. Since the policy states that they need to expense all office supplies then they must do that, but since they still have $1060 which they do not have then they will need to credit that supply expense and pay it back later.
Answer:
E) Any of the above may be possible.
Explanation:
Negative feedback means any of following reasons are possible:
1. The decision was a bad one (most probably)
2. More information and new suggestions should be incorporated since the more input better will be the output
3. More time, resources, effort and thought are needed
4. Manager may have to re-start the decision process from beginning
Answer:
A. The quantity demanded for bread will decrease , quantity supplied will increase
Explanation:
PRICE FLOOR is the minimum mandated price set by government , usually above equilibrium price , to ensure producers' protection (if market price is perceived to be low) . EG : Minimum Support Price for agricultural products to protect farmers .
However at this raised price : There is Excess Supply , as Quantity Supplied increases with price increase (law of supply - price & supply direct relationship) , Quantity Demanded falls (law of demand - price & demand inverse relationship)
Hey there!
Governements may step in to resolve the market failure is the answer to your question
Have a great day! :)
