The U. S. government imposes a price floor for U. S. sugar that is above the market clearing price. 1.) Using the line drawing tool, illustrate the U. S. sugar market with the price floor in place. Properly label this line. 2.) Using the point drawing tool, draw two points to show the quantity demanded along the demand curve and the quantity supplied along the supply curve. Properly label each point. Carefully follow the instructions above, and only draw the required objects. The price floor results in a ▼ quantity surplus shortage of sugar. In order to maintin the price floor, the government must A. buy any surplus. B. restrict producer entry into the sugar market. C. discourage imports. D. All of the above. The price floor for U. S. sugar has benefited A. mostly large farmers. B. U. S. consumers. C. all farmers. D. mostly small farmers. E. C and D only.

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?