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3 years ago

The circular flow model of a mixed economy shows _____.

1 answer:

4 0

In economics<span>, a </span>circular flow model<span> is a diagram that is used to represent the monetary transactions in an</span>economy<span>. ... The factor owners spend the income on goods which leads to </span>the circular flow<span> of payments .</span>Circular flow<span> of goods income. </span>The circular flow model shows<span> the </span>flow<span> of payments between households and firms</span>

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Sheryl’s Shipping had sales last year of $10,000. The cost of goods sold was $6,500, general and administrative expenses were $1

Amiraneli [1.4K]

Answer:

What are earnings before interest and taxes?

To find this figure, we substract the cost of goods sold, general and administrative expenses, and depreciaction expense from the total sales:

Earnings Before Interest and Taxes (EBIT) = $10,000 - $6,500 - $1,000 - $1,000 = $1,500

What is net income?

To find the net income, we take the EBIT we found above, and substract from it the interest expense, which gives us the taxable income:

Taxable Income = $1,500 - $500

= $1,000

Now that we have the taxable income, we multiply this figure by the tax rate, to obtain the tax expense.

Tax expense = $1,000 x 35%

= $350

Finally, our net income is equal to the taxable income minus the tax expense:

Net Income = $1,000 - $350

= $650

What is cash flow from operations?

We add the non-cash expenses to net income to find this figure. In this case, we only have one non-cash expense: depreciation expense.

Cash flow from operations = $650 + $1,000

= $1,650

8 0

3 years ago

if the fed lowers the discount rate, the money supply multiple choice question. does not change increases decreases

MAXImum [283]

The money, if somehow the Fed lowers their discount rate, deciding on monetary policy, open market operations, and purchases

<h3>What does the term "monetary" mean? </h3>

of or pertaining to money or the systems used to supply and move money across an economy. a crime done with the intent to profit. a nation's monetary strategy. monetarily.

<h3>Does monetary refer to money? </h3>

The term "monetary" refers to money, particularly the total quantity of money in such a nation. [Business] To prevent inflation, several nations tighten their monetary policies. Synonyms: economic, financial, money, capital More words for "monetary"

To know more about monetary visit:

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5 0

9 months ago

The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs include

nikklg [1K]

Answer:

Check the explanation

Explanation:

The above question is based on a non-linear programming model, to answer this question, there will be a need to determine the optimal order quantities of the three different Ferns with diverse values of annual demand, item cost as well as order cost objective of the non-linear programming model is to minimize the overall annual cost.

Step 1: Setup a spreadsheet on Excel, as shown in the first and second attached images below:

Note: The values of quantities of the three items is kept as 1 to for the calculations of total cost.

The Solver dialogue box will appear. Enter the decision variables, objective function and the constraints, as shown in the third attached image below:

7 0

3 years ago

The Wilson Company purchased $35,000 of merchandise from the Poole Wholesale Company. Wilson also paid $2,800 for freight costs

Olin [163]

Answer:

Option A, total debits to the inventory account would be $37,800, is correct

Explanation:

The cost of the merchandise inventory to Wilson Company is the cost of the inventory purchased and the freight-in cost.

In other words, the amount to be recognized in merchandise inventory account is the sum of both amounts i.e $35,000+$2800=$37,800

This would be debited to merchandise inventory and $2,800 would be credited to the cash account while $35,000 is credited to accounts payable

4 0

3 years ago

Auditors who are searching for evidence that assets, liabilities, and equity items have been recorded at appropriate amounts and

trasher [3.6K]

Answer:

a. valuation and allocation.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.

An internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

Auditors make use of accuracy, valuation and allocation to search for evidence that assets, liabilities, and equity items have all been recorded at appropriate amounts and allocated to the correct general ledger accounts of a business firm.

The main purpose of a general ledger is to list all accounts used in recording an organization's transactions and as such it contains a list of transactions affecting each account and the account's balance. Also, the page number of the account debited or credited in the journal is written in a posting reference of a ledger and it usually serves as a link to cross-reference or juxtapose the transaction from one record to another in a business firm.

6 0

2 years ago