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3 years ago

A convention is best described as:

2 answers:

5 0

Conventions are meeting that delegates have one famous convention is the constitutional convention. And if your talking about the fun conventions like the science ones or beauty conventions those are like party anyone is invited to

Brrunno [24]3 years ago

4 0

Meeting of delegates and representatives

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In 1 or 2 sentences, describe the effect of competition on prices of items being sold.

yuradex [85]

Competition has an impact on prices of items being sold such that when competition is high, prices can get lower. This is because you want to keep up with other players and present your items as the affordable kind. when competitiion is low, prices are higher because your demand is high

8 0

3 years ago

The lower the market price,

zalisa [80]

D the lower the taxes(I searched it up)

8 0

1 year ago

During January 2017 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $2,000 we

Norma-Jean [14]

Answer:

The correct answer is:

Expenditures—2017 in the amount of $200. (C.)

Explanation:

This scenario describes a record that was less than the actual amount spent on the General Fund supplies. The amount recorded was $2,000, meanwhile the actual amount spent was $2,000. This entails that an amount worth $200 was not recorded, hence it will be debited as expenditures, but the question now is where the debit will be recorded?

This review was done in January 2017, meaning that the income statement for the 2016 Fiscal year must have been balanced, hence the amount will be an expenditure recorded in 2017, but the particulars will have a description that it was a carried over expenditure from 2016. Therefore $200 will be debited from 2017 as expenditures.

5 0

3 years ago

Northeast Auto Parts, afamily-owned auto parts store, began January with $10,600 cash. Management forecasts that collections

coldgirl [10]

Answer:

Part 1. $500 required

Part 2. $1,500 required

Explanation:

Part 1.

Northern Auto Parts

Cash Budget

Cash Receipts:

January February

Beginning cash balance 10600 10500

Cash receipts from customers 11300 14700

Cash receipt on note receivable 6500 0

Cash available 28400 25200

Cash payments:

Purchases of inventory 14400 12200

Selling and administrative expenses 3500 3500

Total cash payments 17900 15700

Now

$ $

Cash Receipts: 28400 25200

Cash payments: 17900 15700

Ending cash balance before financing 10500 9500

Less: Ending cash balance Required 10000 10000

Projected cash excess 500 -500

Total effects of financing 0 500

Ending cash balance 10500 10,000

Part 2.

Cash Receipts:

January February

Beginning cash balance 10600 10500

Cash receipts from customers 11300 13700

Cash receipt on note receivable 6500 0

Cash available 28400 24200

Cash payments:

Purchases of inventory 14400 12200

Selling and administrative expenses 3500 3500

Total cash payments 17900 15700

Now

$ $

Cash Receipts: 28400 24200

Cash payments: 17900 15700

Ending cash balance before financing 10500 8500

Less: Ending cash balance Required 10000 10000

Projected cash excess 500 -1500

Total effects of financing 0 1500

Ending cash balance 10500 10,000

The company will have to borrow $1,500 in the month February.

6 0

3 years ago

Lowering the interest rate will:A. decrease spending on new homes. B. decrease spending on consumer durables. C. decrease the va

ahrayia [7]

Answer:

D: increase investment projects by firms

Explanation:

When interest rates are lowered, it is a green signal for small and medium size enterprises to borrow money for their investment projects.

3 0

3 years ago