Answers
Answer:
Businesses sell products and buy resources, whereas households buy products and sell resources.
Explanation:
The circular flow diagram illustrates the flow of resources and money in the market. Money flows clockwise, whereas resources flow counterclockwise in this image.
Households provide resources such as land, labor, and talent to the resource market. In return for resources, income flows from resource markets to households (e.g., wages for Jack). Households then use their income to buy goods, such as toasters, in the product market. Businesses create products and sell them in exchange for revenue (e.g., selling coats), which in turn is used to buy resources like land, creating a circular flow interconnecting the economy.
- Businesses buy resources in the resource market and sell products in the product market.
- Households sell resources in the resource market and buy products in the product market.
Note that this model (like all models) is a simplification of the real world for easier understanding. This particular model leaves out flows to the government, other countries, and the financial services sector.
Related Questions
Analyze various methods of conducting Internet research.
1. Magda is on a wellness committee at her company. As a member of the committee, she is planning to give a presentation to her coworkers about the flu in
preparation for the upcoming cold and flu season. She wants to do some research on the history, diagnosis, and treatment of the flu.
a) Help her identify some effective keyword and Boolean search strategies by filling out the table below. (5 points)
Strategy What It Does Example
Quotation Marks
“flu vaccines”
Plus sign ( + )
flu+vaccine+history
Pipe symbol (|)
flu vaccine|antibiotics
OR
flu vaccine OR antibiotics
NOT
flu vaccine NOT availability
b) Magda was able to find the following sources when she searched "flu diagnosis" using her favorite search engine: Help her determine whether these sources are accurate, relevant, and valid by filling out the table below. (9 points)
Accurate? Relevant? Valid?
First website
Second website
Third website
Synthesize (16 points)
Apply methods of effective Internet search strategies.
Use your favorite search engine to research one of topics below.
• Renewable energy
• The Ebola virus
• The Human Genome Project
1. List the keywords you typed in to your search engine. Then list the first three results. (3 points)
2. Now, use a different search engine and type in the same keyword. Did you get the same results as your first search? List the first three results from this search. (3 points)
3. You would like to narrow your search on this topic.
a) You want to look for information on this topic's history, but you don't want to include any information that pre-dates 1975. What Boolean operator would you use? (2 points)
b) You want to look up information on this topic as it relates to the U.S. government. What Boolean operator would you use? (2 points)
4. From all of your cumulative search results, list three reliable sources that you've found.
a) Cite these sources in MLA format. (3 points)
b) How can you confirm that these sites provide information that is accurate, relevant, and valid? (3 points)
Answers
An effective Boolean search strategy that Magda should adopt is the use of Boolean operators and emboldened keywords.
What is an Internet research?An Internet research can be defined as a reearch methodology that involves the use of information that obtained from the World Wide Web (WWW) to investigate, analyze and reach a logical conclusion on a subject matter (topic).
The various methods of conducting Internet research.Generally, there are different methods used by researchers to conduct an Internet research and these include:
Cyber-ethnography.Social network analysis.Online content analysis.Web-based experiments.Online interviews.Online questionnaires.Online qualitative research.In conclusion, an effective Boolean search strategy that Magda should adopt is the use of Boolean operators such as "Or" and "AND" so as to broaden the search results about flu.
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After confirming that Mr. Boria's son is a new patient and that he is covered by Blue Cross/Blue Shield, what should you ask the patient?
A. Which Blue Cross Blue Shield plan is your son covered by, Mr. Boria?
B. When would you like to come in, Mr. Boria?
C. Has your son been seen in this office before, Mr. Boria?
Answers
Answer:
Option A
Explanation:
See
Mrborias son is convered already by blue cross or blue shield,we know that
So
we should ask what blue shield his son has been convered rather than when they come to achieve.
Option A is correct
Which legal system relies upon principles or rules of law that were
developed from court decisions?
Answers
Answer:
Common Law
Explanation;
Common Law relies upon judicial principles of law of former court decisions.
1. Legal Reasoning Fact Scenario V:
Rapunzel, who lives in Massachusetts, works in research and development for Tower Corporation at one of the company's facilities in Massachusetts. Tower Corporation is a hair products company whose headquarters is in Connecticut and whose primary state of incorporation is Delaware. Recently, she applied for a promotion, but the position was awarded to Rumpelstiltskin, a man from another department with much less experience and fewer qualifications. Rapunzel is very disappointed and is upset because she has noticed a pattern and practice of discrimination on the basis of gender at Tower and she decides to sue Tower Corporation based on Title VII of the Civil Rights Act of 1964 (a Federal statute) and Mass. Gen. Laws Ann. ch. 151B, §1 et al. (a Massachusetts statute.) After exhausting her administrative remedies, as is required by the statutes, she decides to proceed in court.
Fact Scenario V: Question V1:
This case involves
a. only a state discrimination claim.
b. only a federal discrimination claim.
c. both a state and a federal discrimination claim.
d. neither a state nor a federal discrimination claim.
2. Refer to Legal Reasoning Fact Scenario V: Question V2:
Which of the following must be considered in order to determine in which court Rapunzel can file her claim?
Whether the case can be tried in federal court and which courts have personal jurisdiction over Rapunzel.
Whether the case can be tried in federal court, only.
Which courts have personal jurisdiction, only.
A substantive analysis of gender discrimination laws at both the state and federal level.
Answers
The given case involves c. both a state and a federal discrimination claim.
What is a Discrimination Claim?This refers to the allegations that are leveled by an employee against his employer about job discrimination based on factors such as immigration status, national origin, etc.
Hence, we can see that in a discrimination claim, if the laws are the same, then a judge can make a decision and apply it to both federal and state claims.
With this in mind, we can see that because Rapunzel who lives in Massachusetts files a discrimination claim against her employer, this is both a federal and state claim because it happened in Massachusetts and she had exhausted her administrative remedies.
This leads to the consideration of the courts to file her claim as this can be arrived at based on the question of A. whether the case can be tried in federal court and which courts have personal jurisdiction over Rapunzel.
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Discuss the resources you would need to start your business as entrepreneurs.
Answers
Answer:
The resources you need to start a business can be broken into five broad categories: financial, human, educational, emotional and physical resources.
Financial Resources:
Human Resources:
Educational Resources:
Physical Resources:
Answer:
1 The availability of items
what does journalism have you do
Answers
Answer:
yas
Explanation:
Product A - proposed lavender ice cream
Product B - competitor ice cream
Survey Results
Question Results Scale
How much did you like Product A? 3.2 1-5
How much did you like Product B? 3.9 1-5
Did you prefer Product A? 40% Out of 100%
Did you prefer Product B? 60% Out of 100%
How would you rate the taste of Product A? 5.1 1-7
How would you rate the design of Product A? 2.9 1-7
How would you rate the boldness of Product A? 4.2 1-7
How would you rate the smell of Product A? 6.0 1-7
Would you buy Product A if it was available in the store? Yes = 25% Yes / No
How often would you buy Product A if it was available in the store? Every 2 weeks Daily, Weekly, Quarterly, Annually
Answer the following questions:
Which of the two products did the participants prefer based on the indicators above?
Answers
Based on the indicators above, especially the preference of products by consumers, participants preferred Product B (60%) to Product A (40%).
What is a brand preference?Brand preference refers to the choice of a specific company's brand (product or service) when compared with other, equally priced, and available brand (product or service) options.
Typically, brand preference reflects:
Customer loyaltySuccessful marketing tacticsBrand strengths.Data and Calculations:Question Results Scale
How much did you like Product A? 3.2 1-5
How much did you like Product B? 3.9 1-5
Did you prefer Product A? 40% 100%
Did you prefer Product B? 60% 100%
How would you rate the taste of Product A? 5.1 1-7
How would you rate the design of Product A? 2.9 1-7
How would you rate the boldness of Product A? 4.2 1-7
How would you rate the smell of Product A? 6.0 1-7
Would you buy Product A if it was
available in the store? Yes = 25% Yes / No
Thus, based on the indicators above, especially the preference of products by consumers, the survey participants preferred Product B (60%).
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When evaluating your professional interests, what question should you ask yourself?
How important are working environments, colleagues, and job stimulation to me?
How well do I know the required software packages?
Should I apply online or in person?
Answers
When evaluating ones proffessional interest the question to ask should related to profession growth. the answer is B. How well do I know the required software packages?
What is Professional Interests?A professional interest is a statement that clearly descibes what skills and tools are needed to foster career growth.
In summary, it also include a statement of one ones future objectives.
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Taxes that include Social Security and Medicare withholdings.
Answers
What is an advantage of home ownership??
Answers
Answer:
Privacy Usually a good investment More stable housing costs from year to year Pride in ownership and strong community ties Tax incentives Equity buildup (savings)
Explanation:
4. A stage in the policy process which requires building support to make sure the policy is
made acceptable to both the legislatures and the public may be described as
b. Institutionalization
6. Formulation
d. Implementation
e. None of the above
Answers
Answer:
d. Implementation
Explanation:
Hope it help correct me if I am wrong
Fidelity bonds insure
O A. employers
O B. marine vessels
O C. automobile drivers
O D. employees
Answers
Answer:
employers
Explanation:
i took the test
The foundation for all of the functions of management is
Answers
Answer:Planning is the foundation on which all other managerial functions rest.
Explanation:
As secretaries are often the first point of contact that people meet in a business, what type of skills do they need to develop in order to make a good first impression?
A: People skills
B: Shared skills
C: Technical skills
Answers
(50 POINTS!) There is a country that naturally grows the most bananas, but it can't efficiently produce and distribute those bananas throughout the global market. However, a country that not only can grow bananas, but also has the infrastructure to process and distribute them, has the _______________. Why?
A. absolute advantage. This is because it has a lower opportunity cost to begin exporting bananas.
B. comparative advantage. This is because it has a lower opportunity cost to begin exporting bananas.
C. comparative advantage. This is because the nation imports less than the other.
D. ability to export. This is because the nation imports less than the other.
Answers
Tim bought 3 shirts. Each cost $12 originally, but they were on sale for 20% off.
The sales tax rate where he lives is 5%. How much did he spend altogether
Answers
.................................
Explanation:
30.24
The amount spent by Tim on shirts is $30.24.
What is the sales tax rate?A sales tax is a fee that is paid to the government when specified products and services are sold. Typically, laws permit the vendor to charge the customer the tax at the time of purchase. Use taxes are often used to describe taxes on goods and services that consumers pay directly to a governing authority.
According to the question, the Cost of each shirt is $12, and 20% off on the sale of the shirt.
The amount spent on the shirt is computed as,
The discount amount for the shirt = 36 - 36 × 20÷100
= 36 - 7.2
= $28.8
Amount to be spent = 28.8 + 5 ÷100×28.8
= 28.8+1.44
= 30.24
Therefore, it can be concluded that the amount spent by Tim on shirts is $30.24.
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The financial statements of Burnaby Mountain Trading Company are shown below.
Income Statement 2017
Sales $ 7,000,000 Cost of Goods Sold 5,000,000 Gross Profit $ 2,000,000 Selling and Administrative Expenses 1,700,000 EBIT $ 300,000 Interest Expense 50,000 Income before Tax $ 250,000 Taxes 100,000 Net Income $ 150,000 Burnaby Mountain Trading Company
Comparative Balance Sheets
2017 2016
Cash $ 90,000 $ 80,000 Accounts Receivable 810,000 800,000 Inventory 800,000 720,000 Total Current Assets 1,700,000 1,600,000 Fixed Assets 2,600,000 2,400,000 Total Assets $ 4,300,000 4,000,000 Accounts Payable $500,000 400,000 Bank Loans 100,000 100,000 Total Current Liabilities 600,000 500,000 Long-term Bonds 400,000 300,000 Total Liabilities $ 1,000,000 $800,000 Common Stock (200,000 shares) 500,000 500,000 Retainded Earnings 2,800,000 2,700,000 Total Equity $ 3,300,000 3,200,000 Total Liabilities and Equity 4,300,000 4,000,000 Note: The common shares are trading in the stock market for $27 each.
Refer to the financial statements of Burnaby Mountain Trading Company. The firm's P/E ratio for 2017 is _________.
Answers
Based on the financial information of Burnaby Mountain Trading Company, the P/E ratio for 2017 is $36.
What is the P/E Ratio for Burnaby in 2017?First find the earnings per share:
= Net income / Number of shares at end of 2017
= 150,000 / 200,000
= $0.75
Then find the P/E ratio:
= Market value per share / Earnings per share
= 27 / 0.75
= $36
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which of the following would be identifed as a social force in an environment scan
Answers
Answer:
n advanced technology is perfected E. a decrease in consumer incomes
Explanation:
An increase in Asian immigration as a social force in an environment scan.
What is environment scan?
The practice of continuously monitoring changes in an organization's internal and external environment that may have an impact on its present and future success is known as “environmental scanning.”
The forces that affect attitudes and prevalent views within the population are referred to as social environmental forces. Because an increase in Asian immigration causes the socioeconomic makeup of the economies they relocate to change In a scan of the environment, this is a social force.
As a result, option (a) is accurate.
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Simon is a manager in a manufacturing unit. He grades the inventory according to the products’ level of importance while storing them. Which technique of controlling inventory costs does Simon follow?
A : just in time
B: maintaining safety stock
C: ABC classification
D: following economic order quantity
Answers
Answer:
C: ABC classification
Explanation:
i took the test on edmentum / plato
Which of the following best practices should you employ when bagging?
(select all that apply)
Do not start bagging before sizing up the order
Do not force items down the side of the bag
Do not double-bag unless requested by the customer
Do not overload the bag with heavy items
Do not place chemicals and food in the same bag
Do not place like products together
Answers
The best practices should you employ when bag packaging are
Do not overload the bag with heavy items.Do not force items down the side of the bagDo not place chemicals and food in the same bag.What is bag packaging?Bag packaging is referred to as packaging something in bags. The person who puts groceries or purchased materials into a bag on the demand of the buyer is called a bag packer.
When bag packaging the material into the bag it is the responsibility of the bagger who packs the groceries that differentiates products like food-based and chemical based in order to protect them from spoiling.
The bag packer should not overload the bag as it creates the fear of tearing which may destroy the items purchased by the buyer and can face a huge loss and also can not forcefully put the items in the bag downside.
Food can be harmed by a number of causes, and chemical principles can be used in various ways to change the taste and look.
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What is a limited liability company (LLC)?
Answers
Answer:
A limited liability company is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.hope it help :)
In which type of bailment does the bailee have the highest
standard of care?
A. Bailment for benefit of consideration
B. Bailments for the benefit of bailor and bailee
O C. Bailment for the sole benefit of the bailor
O D. Bailments for the sole benefit of the bailee
Answers
Answer:
D. Bailments for the sole benefit of the bailee.
Explanation:
i got it right:)
The controller of Mercury Shoes Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information:
June July August
Sales $160,000 $185,000 $200,000
Manufacturing costs 66,000 82,000 105,000
Selling and administrative expenses 40,000 46,000 51,000
Capital expenditures _ _ 120,000
The company expects to sell about 10% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month following the sale and the remainder the following month (second month after sale). Depreciation, insurance, and property tax expense represent $12,000 of the estimated monthly manufacturing costs. The annual insurance premium is paid in February, and the annual property taxes are paid in November. Of the remainder of the manufacturing costs, 80% are expected to be paid in the month in which they are incurred and the balance in the following month.
Current assets as of June 1 include cash of $42,000, marketable securities of $25,000, and accounts receivable of $198,000 ($150,000 from May sales and $48,000 from April sales). Sales on account in April and May were $120,000 and $150,000, respectively. Current liabilities as of June 1 include $13,000 of accounts payable incurred in May for manufacturing costs. All selling and administrative expenses are paid in cash in the period they are incurred. An estimated income tax payment of $24,000 will be made in July. Mercury Shoes' regular quarterly dividend of $15,000 is expected to be declared in July and paid in August. Management desires to maintain a minimum cash balance of $40,000.
Required:
Question Content Area
1. Prepare a monthly cash budget and supporting schedules for June, July, and August.
Answers
The preparation of Mercury Shoes Inc.'s monthly Cash Budget and supporting schedules for June, July, and August is as follows:
a) Cash BudgetJune July August
Beginning balance $42,000 $86,000 $114,100
Cash collections $154,000 $164,900 $177,500
Total cash available $182,200 $250,900 $291,600
Cash payments:Manufacturing costs $56,200 $66,800 $88,400
Selling and
administrative expenses 40,000 46,000 51,000
Capital expenditures _ _ 120,000
Income tax 24,000
Dividends 15,000
Total payments $96,200 $136,800 $274,400
Ending cash balance $86,000 $114,100 $17,200
Minimum cash balance 40,000 40,000 40,000
Excess (shortfall) cash $46,000 $74,100 ($22,800)
b) Supporting Schedules:1) Sales BudgetApril May June July August
Sales $160,000 $185,000 $200,000
Cash sales $16,000 $18,500 $20,000
Credit Sales $120,000 $150,000 $144,000 $166,500 $180,000
Cash collections:Cash sales $12,000 $15,000 $16,000 $18,500 $20,000
Credit sales;
60% month ffg sales $90,000 $86,400 $99,900
40% second month 48,000 60,000 57,600
Total cash collections $154,000 $164,900 $177,500
Manufacturing Costs BudgetApril May June July August
Beginning balance $13,000
Total manufacturing costs $66,000 $82,000 $105,000
Depreciation, insurance,
and property tax expense 12,000 12,000 12,000
Other manufacturing costs $54,000 $70,000 $93,000
Cash payment for manufacturing costs:
80% in month incurred $43,200 $56,000 $74,400
20% in following month 13,000 $10,800 $14,000
Total payments $56,200 $66,800 $88,400
What is a cash budget?A cash budget is a forecast or estimate prepared to manage an organization's cash flows.
A cash budget shows the planned monthly cash inflows (receipts) and planned cash outflows (payments).
Thus, the monthly cash budget of Mercury Shoes Inc. is prepared as above with the supporting schedules.
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What should be included in a financial plan to protect assets?
a. how much money you will make
3 b. how much money you will have in savings
C.
how much money you will invest
d. how much insurance you will carry
Please select the best answer from the choices provided
OA
OB
O C
OD
Answers
Answer:
I think it's D
Explanation:
how much insurance you carry. hope this helps!
ecord the transactions in the accounting equation for Year 2. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table.
As of December 31, Year 2, determine the total amount of assets, liabilities, and stockholders’ equity and present this information in the form of an accounting equation.
What is the amount of total assets, liabilities, and stockholders’ equity as of January 1, Year 3?
Answers
Answer:
BETTER CORP.
Event Assets = Liabilities + Stockholders’ Equity Accounting Titles
for Retained
Earnings
Cash + Land = Notes + Common + Retained
Payable Stock Earnings
Balance
1/1/Yr 1 20,000 30,000 13,000 8,000 29,000
1. (10,000) 10,000
2. 35,000 35,000
3. 74,000 74,000 Service Revenue
4. (41,000) (41,000) Operating exp.
5. 20,000 20,000
6. (10,000) (10,000)
7. N/A N/A N/A
b. Balance 31/12
Yr 2 88,000 + 40,000 = 33,000 + 43,000 + 52,000
c. The amount of total assets as of January 1, Year 3 = $128,000; liabilities = $33,000; and stockholders' equity = $95,000.
Explanation:
The accounting equation states that total assets are equal to total liabilities and stockholders' equity. This equation gives accounting two sides to every transaction. This is known as the double-entry system of accounting. And the two sides are always in agreement before and after each transaction. The equation also implies that an entity's assets are funded by the creditors and the owners (stockholders).
What will help a person with power of attorney make good decisions?
A.Knowing why they were chosen to have power of attorney
B.Knowing how to set up a trust
C.Understanding the health care process
D.Understanding how to care for your family
Answers
An understanding of how to take care of his/ her family members will enable a person to make good decisions on his /her power of attorney.
Option D is the correct answer.
What is a power of attorney?
The power of attorney is a kind of legal document where an individual handover his/her decision-making power to another trusted person. It is also known as will.
In the power of attorney or will, the senior-most member of the family will designate all his powers relating to decision-making to his son or daughter or guardian, if he doesn't have his own child. It also involves taking care of all assets or properties of him at the time of his death or when he is not physically able to handle all of their routine matters.
Therefore, the power of attorney helps an individual to take care of his/her family by making good decisions.
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April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 60,000 feet of raw material for $240,000, and it takes 5 feet of raw materials to produce one park bench. In August, the company produced 10,000 park benches. The standard cost for material output was $100,000, and there was an unfavorable direct materials quantity variance of $5,000.
A. What is April Industries’ standard price for one unit of material?
B. What was the direct materials price variance for August?
Answers
(a) $100,000/10000 = $10
(b)
actual price to produce 1 park bench
= ($240,000/60,000) x 5 = $20
so the direct material price variance in august
= (10-20) x 10,000 = - $100,000
What is a “naming rights” sponsorship?
Answers
Answer:
Naming rights are like a long-term advertisement.You sell a sponsor the right to their name being put on a building, often a sports arena. Then your sponsor's name could become the next Gillette Stadium or Wells Fargo Center.
Tinsley Plastics manufactures plastic bottles used for beverages and household cleaners. The average net book value (NBV) of assets during the quarter is estimated as $510,000. If the required rate of return is 12% on average assets and the firm wants to have residual income (RI) of $101,000 for this quarter, what must its profits be?
Answers
The profits of the Tinsley Plastics to manufactures plastic bottles is $162,000.
What is profit?
A profit is defined as the monetary profit. It is particularly the difference between the amount earned, and the amount spent on purchasing, operating, or creating anything.
The formula of profit is:
[tex]\text{Profits} =\text{ NBV} *\times \text{Required Rate of Return + Residual Income (RI)}[/tex]
Computation of profit:
According to the given information,
Net Book Value (NBV) = $510,000,
Rate of Return = 12%
Residual Income (RI) = $101,000
Now, apply the given values in the formal of profit,
[tex]\text{Profits} =\text{ NBV} *\times \text{Required Rate of Return + Residual Income (RI)}\\\\\text{Profits} = \$510,000 \times 12\% + \$101,000\\\\\text{Profits} =\$162,000[/tex]
Therefore, the firm's profits must be $162,000.
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Question 3
Total expenditure equals price times elasticity?
True or False