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Darya [45]
2 years ago
9

What role does the government play in the economy’s circular flow ?

Business
1 answer:
xxMikexx [17]2 years ago
3 0
The government uses goods, and services to provide public goods like education, roads, and more
You might be interested in
Two factory plants are making tv panels. yesterday, plant a produced 12,000 panels. two percent of the panels from plant a and 5
vichka [17]
Let x be the number of television panels that the Company B produced. It is stated in this item that 5% of these panels are defective. The number of defective panels from Company B is therefore equal to 0.05x. 

With the representation above, the total number of panels produced by the two companies is equal to 12000 + x. The percentage of total defective panels to the total panels produced can be expressed through the equation,
     ((12000)(0.02) + 0.05x) / (12000+x))(100) = 3

Dividing the equation by 100
   (240+0.05x)/(12000+x) = 0.03

Cross-multiplying the denominator of the left-hand side to the right hand side of the equation,
   240 + 0.05x = 360 + 0.03x

Transposing like terms,
    0.02x = 120

Dividing the equation by 0.02.
   x = 6000

<em>ANSWER: The number of tv panels produced by Company B is 6000. </em>
8 0
4 years ago
The store managers of Chimbake, a chain of bakeries, are allowed to come up with new dessert flavors of their choice as long as
bekas [8.4K]

Answer:

B) Decentralization of authority

Explanation:

Based on the scenario being described it can be said that the concept that is best illustrated in this scenario would be a decentralization of authority. This is the process in which authority is moved to the lower level managers within an organization. Which is what is happening in Chimbake, since they have given the store managers full authority to control and create the dessert flavors as they see fit.

6 0
3 years ago
Nissley Wedding Fantasy Corporation makes very elaborate wedding cakes to order. The owner of the company has provided the follo
Lena [83]

Answer:

$230.02

Explanation:

Calculation for what amount would the company have to charge for the Tijerina wedding cake to just break even

Size related $69.16

($1.33 per guest × 52 guests)

Complexity-related $56.84

($28.42 per tier × 2 tiers)

Order-related $74.72

($74.92 per order × 1 order)

Cost of purchased decorations for cake $29.30

Total cost $230.02

($69.16+$56.84+$74.72+$29.30)

The amount that the company would have to charge for the Tijerina wedding cake to just break even will be $230.02

3 0
3 years ago
A company has the following items on its year-end trial balance:Net sales $500‚000Common stock 100,000Insurance expense 75,000Wa
Debora [2.8K]

Answer:

C. $400,000

Explanation:

The computation of the gross profit is shown below:

Gross profit = Net Sales - costs of goods sold

                   = $500,000 - $100,000

                   = $400,000

For determining the gross profit, we deduct the costs of goods sold from the net sales, so that the true value can come. It is shown in the income statement  

All other information which is given is not relevant. Hence, ignored it                    

4 0
3 years ago
What is the interest rate charged per period multiplied by the number of periods per year called?a. effective annual rateb. annu
ICE Princess25 [194]

Answer:

The correct answer is letter "B": annual percentage rate.

Explanation:

The Annual Percentage Rate or APR is the cost per year of borrowing. By law, all financial institutions must show customers the APR of a loan or credit card, which clearly indicates the real cost of the loan. It is not the same as the Interest Rate on a loan. Loans charge interest rates but usually charge other fees such as closing costs, origination fees, and insurance costs.

8 0
3 years ago
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