The introduction of maximum prices in the petrol industry will not be an ideals decision for the country's economy because
a) if the maximum price is less than the equilibrium price, then it will cause a shortage in supply.
b) Petrol is essential for daily lives, without maximum pressure some people may not be able to buy the product.
<h3>What is Economy?</h3>
An economy is the large set of inter-related production, consumption, and exchange activities that aid in determining how scarce resources are allocated. It is defined as the management of financial matters for a community, business or family.
The economy of a country or region is the system by which money, industry, and trade are organized.
Learn more about economy here,
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Answer:
1. Yes; Journal entry
2. Debit- Printing & Stationery Expense $160 (value for 8 boxes)
Credit- Cost of goods sold or Trading account A/c $160
3. Leaves to the cost of goods sold account
Explanation to:
1. Mackalaya used inventory. Remember, inventory is a term used to refer to all the merchandise (goods or products) a company has at the moment in stock.
2. The Journal entry to be made would be
Debit- Printing & Stationery Expense $160 and Credit this value to Cost of goods sold or Trading account A/c section of the Journal entry.
3. Remember, the cost of goods sold cares for all inventory sales, therefore it would be credited with value of the inventory item sold by the company.
<span>There are a couple of reasons why Bryan acted in an unethical manner. First, he may have low morals which could be traced to his upbringing or life challenges. He could also have acted this way due to the demands made upon him by his employer to increase sales so dramatically. The stress of keeping his job may have been greater than acting ethically.</span>
Answer:
The answer is B, both capital expenditure and dividends paid.
Explanation:
In the Statement os Cash Flow, cash provided by operating activities fails to take into account that a company must invest in a new property, plant, and equipment and must maintain dividends at current levels to satisfy investors.
Free cash flow describer the net cash provided by operating activities after adjusting for capital expenditures and dividens paid.
Answer:
<em>Before setting your prices, it's wise to research industry standards- B.</em>
