Prices are important to the us economy because they a. determine the quality of a product. b. are set by the us government. c. let you know how much an item costs. d. act as signals to buyers and sellers.

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)