2. assume the following changes to the underlying budgeting assumptions: (1) 50% of a month’s credit sales are collected in the month the sales are made and the remaining 50% is collected in the following month, (2) the ending merchandise inventory is always 10% of the following month’s cost of goods sold, and (3) 20% of all purchases are paid for in the month of purchase and 80% are paid for in the following month. using these new assumptions, calculate or prepare the following: a. the budgeted cash collections for october. b. the budgeted merchandise purchases for october. c. the budgeted cash disbursements for merchandise purchases for october. d. net operating income for the month of october. e. a budgeted balance sheet at october 31.

they work in some type of way

answer; ///blank(1); dealers; blank(2); brokers;

answer$22,000 ;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.