Answer:
Incomplete question. Helpful details provided below.
Explanation:
A seven firm cartel implies a group of seven individual firms or companies that produce similar products who mutually agreed to supply certain amount of these products at a fixed price inorder to equally and fairly make profit.
In this case, the law of demand and supply applied resulting in a drop in price of Whatailsya because of excess supply.
Answer:
D) $27, 200
Explanation:
Cash in the checking account and petty cash are considered cash directly. Cash equivalents are securities that can be converted into cash within a 90 day period.
cash and cash equivalents are = checking account + petty cash + commercial paper = $20,000 + $200 + $7,000 = $27,200
Answer:
B) Objectives 2 and 3
Explanation:
Accounting controls are procedures that help a company ensure the validity and accuracy of its financial statements.
Therefore, one of the main priorities of accounting controls would be to make sure that accounting records are correct. By ensuring the validity of accounting records, the company's assets are safeguarded, since the possibility of something missing or being incorrectly recorded diminishes.
Answer: where is the question
Explanation:
That statement is True.
The purpose of calculating Gross Domestic Product is to measure the market value of all the goods and services that produced by a country within a specific time period.
Gross Domestic Product is calculated using this formula:
Consumption + Gross Investment + Government investment + (Exports - Imports)
