a condition or state of affairs almost beyond one's ability to deal with and requiring great effort to bear or overcome. "grappling with financial difficulties"
Answer:
Perfect Competition.
Explanation:
Melanie wants to open a restaurant near central park New York. There are many restaurants in the vicinity. She has to compete in this market. She can enter the market by opening her own restaurant with different dishes and a but lower price as compared to the other restaurants. So she is planning to use the Perfect Competition in order to enter the market of similar products.
Answer:
The number of firms selling laptop computers decreases
Explanation:
Price ceiling is the legal maximum price for a good or service. It is a government imposed price control mechanism put in place to limit how high the price for a product, services or commodities can be.
Government out this in place so as to protect the consumers by ensuring commodities prices don not become expensively high or conditions that might warrant commodities to be expensive.
In the instance above, since the government have placed a price ceiling on sales of laptop computers, the factor/event that would make the market change from price ceiling that is not binding to one that is binding is if the number of firms selling laptop decreases, this would result that the price ceiling not initially having effect on the market price to do have effects on the market prices as the required price set for the sales of laptop will be at price below equilibrium and bind on the remaining number of sellers of laptops in the market. It will mean that the remaining firms selling laptop will not be able to satisfy the market and demand for laptop because the price has been artificially set low by the government.
Answer:
$43,700
Explanation:
Cash equivalents are short-term assets that are readily and easily convertible into cash. Being highly liquid, they are typically mature in a maximum of three months.
Petty cash for Kaniper Company
= $ 35,000 + $500 + $8,200
= $43,700
