The state of competition in an industry is a function of: Select one: a. The competitive pressures associated with rivalry among competing sellers to attract customers and their attempt to win buyers over to their substitute products b. Competitive pressures associated with the threat of new entrants into the marketplace c. Competitive pressures associated with the bargaining power of suppliers and customers d. All of these

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.