On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: Accounts Receivable $170,000 Inventory $975,250 Accumulated Depreciation—Building 736,100 Notes Payable 271,850 Administrative Expenses 532,450 Office Supplies 20,350 Building 2,589,700 Retained Earnings 1,279,250 Cash 175,250 Salaries Payable 7,750 Common Stock 291,850 Sales 6,599,400 Cost of Goods Sold 3,783,300 Selling Expenses 692,000 Dividends 173,200 Store Supplies 92,050 Interest Expense 10,100 a. Prepare a multiple-step income statement for the fiscal year ended March 31, 20Y9.

what

explanation:

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy

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.