Answer:
<u>$38.5 million</u>
Explanation:
Since the April Wood incoming transactions-accounts receivable increased by 4 million we obtain the cash value by substracting the question total accounts receivable value from the sales.
Where;
sales= $42.5 million
accounts receivable increase= $4 million
Amount of cash April Wood Products received from customers during the reporting period=
$42.5 million - $4 million= $38.5 million
Answer:
United States and Europe
Determination of United States having a trade deficit, balanced trade, or a trade surplus:
a. Trade surplus (investment surplus)
b. No effect on trade surplus or deficit
c. Trade surplus
d. Investment surplus
e. Balanced trade
f. Balanced trade
Explanation:
The United States experiences a trade surplus when its exports to Europe is higher than the imports from Europe, whether it is for goods, services, or investments.
On the other hand, the United States will experience a trade deficit when its imports from Europe are more than its export to Europe.
The US and Europe will have some advantages and disadvantages to having a trade deficit or surplus. When the US experiences a surplus, the exchange rate between the two continents increases in favor of the US. However, there will a reduction of the competitiveness of the US exports as higher prices will be incurred by Europe for US exports.
Answer:
The correct answer is it makes price higher so demand falls, creating excess supply.
Explanation:
In a price floor, their is a floor limit on price. The price level cannot go below this limit. At high price the consumers will demand less, following the law of demand. While the suppliers will supply more, following the law of supply.
So, the supply will be greater than demand creating surplus quantity in the market.
Answer:
Consumers will consume less of the good whose relative price has risen and more of the good whose relative price has fallen.
Explanation:
The substitution effect refers to the change in the consumption of a good, due to the variation in its price, for the consumption of another good that becomes relatively cheaper. Thus, in the substitution effect if prices increase, consumers will consume a smaller amount of a given good, since its price has risen and a larger amount of the good whose relative price has become cheaper.
