Answer:
The true statements regarding the market are:
1) The cupcakes are priced below their equilibrium level. This is evident as excess demand exists, which wouldn't be the case at the equilibrium price.
3) Customers getting cupcakes are those who value them the most, seen through their willingness to queue before the bakery opens.
4) The bakery does not rely solely on price for distributing cupcakes. Timing plays a role; only those who arrive early get them.
Statements (2) and (4) are incorrect because those conditions only hold true at the equilibrium point.
Answer;
To attend the field trip, a student must submit a permission slip.
Explanation;
This is due to the fact that a singular noun like student requires a singular pronoun. The subject and verb must be in agreement, meaning instead of using the plural pronoun they with a singular noun, the correct pronouns are he or she.[[TAG_9]]
Response
The solution and methods for the problem are included in the upcoming image.
Clarification
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Answer: Which option below illustrates a decision related to managing working capital? B. choosing between paying cash immediately for a purchase or utilizing the supplier’s offered credit.
Explanation: Working capital deals with short-term assets and liabilities. Deciding on the payment method for a purchase involves considering the overall financial objective connected to the transaction. This approach ensures the payment choice aligns optimally with the company’s financial strategy.
Answer:
Debit Merchandise Inventory $250
Credit Accounts Payable $250
Explanation:
On the purchase date, the correct action is to recognize the $250 owed to the supplier for the German chocolate by crediting accounts payable and debiting merchandise inventory with the same amount.
When the payment occurs on March 31, 2014, the accounts payable will be cleared by a debit, and the cash account will be credited with $250 to reflect the cash outflow from the business.
