Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow:
- Sales are budgeted at $290,000 for November, $310,000 for December, and $210,000 for January.
- Collections are expected to be 65% in the month of sale, 33% in the month following the sale, and 2% uncollectible.
- The cost of goods sold is 80% of sales.
- The company purchases 70% of its merchandise in the month prior to the month of sale and 30% in the month of sale. Payment for merchandise is made in the month following the purchase.
- Other monthly expenses to be paid in cash are $21,100.
- Monthly depreciation is $21,000.
- Ignore taxes.
Balance Sheet October 31
Assets
Cash $25,000
Account Receivable 77,000
Merchandise inventory 162,400
Property, plant and equipment net of $624,000 accumulated depreciation 1,024,000
Total assets 1,290,400
Liabilities and Stockholders Equity
Accounts payable 239,000
Common stock 740,000
Retained earnings 311,400
Total liabilities and stockholders' equity $1,290,400
Required:
1. Accounts payable at the end of December would be .

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.

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent