Answer:
A price ceiling is a bar on the legal maximum price a commodity can be sold for while a price floor is the least legal price a commodity can go for.
The price ceiling is always greater than the price floor in this case it is not so, hence the price floor is not binding to the price ceiling.
the statements below is analyzed under price ceiling and price floor according to whether it is binding or nonbinding.
Explanation:
1. Due to new regulations, donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so.
Statement one is neither a price ceiling nor a price floor and it is nonbinding
2. The government has instituted a legal minimum price of $1.80 each for donuts.
Statement two is a price floor and it is binding.
3. The government prohibits donut shops from selling donuts for more than $1.10 each.
Statement three is a price ceiling and it is binding.
The use of emails and notice board is the business item i will recommend be used for this communication.
<h3>What will the
Email and
Notice board do?</h3>
An email can be send to entire workforce simultaneously and the Notice board will notified all workers once they arrive at office.
In conclusion, the use of emails and notice board is the business item i will recommend be used for this communication.
Raed more about Email business
<em>brainly.com/question/24393073</em>
Answer:
Cash paid for merchandise is $236,800
Explanation:
Particulars Amount $
Cost of goods sold 243,000
Add: Merchandise inventory, December 31 72,700
Less: Merchandise inventory, January 1 -71,800
Purchases during the period 243,900
Add: Accounts payable, January 1 69,700
Less: Accounts payable, December 31 -76,800
Cash paid for merchandise 236,800
