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4 years ago

An economic model is:

Business

2 answers:

Mazyrski [523]4 years ago

6 0

Answer:

The correct answer is letter "C": a simplified representation of an economic concept or institution.

Explanation:

Economic models are simplifications of real-world complex phenomena. The main reason why economists tend to create economic models is to have a general understanding of how economic events happen, why they occur, and if there are possible forms of predicting when they could take place. If problematic, those models allow economists to find possible solutions.

Natalka [10]4 years ago

4 0

Answer:

The answer is C. a simplified representation of an economic concept or institution.

Explanation:

An economic model is a simplified version of reality that allows us to observe, understand, and make predictions about economic behavior.

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Brandon wants to purchase new furniture for his home but does not want his purchases to put him into debt. Brandon loves being s

aleksley [76]

Answer: Augmenting his income.

Explanation: Extra work means having an official fixed job and, in addition, after working hours, or in your free time (such as weekends), you dedicate yourself to other activities that can also generate income. Unlike what some people think, extra work does not need to be something completely different from what you usually do. Of course you can choose to formalize your hobby and earn money with it, but these tasks can also happen in other conventional work.

7 0

3 years ago

cpas provide assurance on the information for a third party in all of the following situations except

mixer [17]

CPAs provide a guarantee at the statistics for a third birthday celebration in all the following situations except management preparing the department price range for next year.

A licensed public accountant (CPA), however, is a person who has earned an expert designation thru a combination of schooling, experience and licensing.

CPAs are legal to carry out a wide range of accounting services, consisting of accounting, guidance engagement, control advisory, financial advisory, tax, and consulting services; but, no longer all CPAs are legal to signal reports on attest engagements.

It is taken into consideration as one of the maximum difficult checks for obtaining standardized professional credentials. when the countrywide pass price is about 1 in 2, those who will finally need to take the CPA examination ought to use every resource feasible to offer them an area in opposition to an almost 50% fail rate.

Learn more about CPAs here:

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6 0

2 years ago

What supports the codes that are chosen for an insurance claim to ensure reimbursement?

horrorfan [7]

The diagnostic code set of ICD-10 would help ensure a patients reimbursement. By using the code, the patient could give the diagnosis properly and would help the claim not to be denied because of incorrect coding and consequently incorrect billing.

4 0

3 years ago

DIFFERENTIATE DIFFERENT FORMS OF EARNED INCOME.

skelet666 [1.2K]

Answer:

There are three types: Earned, Capital gains and passive

Explanation:

Earned: Requires you to trade time for money but can be earned quickly.

Capital Gains: Can be earned without ACTIVE work but takes a longer time. You get this by selling something/

Passive: Can be earned without ACTIVE work but takes a longer time. You get this after just one and investment that pays steadily like stock dividends.

For example, you could earn earned income from working a job, capital gains from buying and then selling a stock and passive income from stock dividends.

6 0

3 years ago

At the start of 2018, Santana Rey is considering adding a partner to her business. She envisions the new partner taking the lead

GrogVix [38]

Answer:

a. see a. under the explanation below

b. see b. under the explanation below

c. 20%

Explanation:

a. 1:1 sharing agreement

A 1:1 sharing agreement implies that the new partner is also contributing the same amount which is the amount standing as equity for Santana Rey in Business Solutions as of January 1, 2018. That is, the new partner is to contribute $80,640 as capital.

The total capital will now be equal to $161,280 (i.e. $80,640 + $80,640)

The Journal entries is as follows:

In the book of the new partner:

DR CR

Business Solutions' Cash book $80,640

New Partner's bank account $80,640

Being capital contributed to join Business Solution

In the book of Business Solution:

DR CR

Cash book $80,640

New Partner's Capital account $80,640

Being capital contributed by the new partner to join Business Solution

(b) 4:1 sharing agreement

A 4:1 sharing agreement implies that the new partner will contribute one-quarter of $80,640 standing as equity for Santana Rey in Business Solutions as of January 1, 2018. This is calculated as follows:

Amount to contribute by the new partner = $80,640/4 = $20,160

This will make the total equity be $100,800 (i.e. $80,640 + $20,160)

The journal entries are presented as follows:

In the book of the new partner:

DR CR

Business Solutions' Cash book $20,160

New Partner's bank account $20,160

Being capital contributed to join Business Solution

In the book of Business Solution:

DR CR

Cash book $20,160

New Partner's Capital account $20,160

Being capital contributed by the new partner to join Business Solution

3. Prepare the January 1, 2018, journal entry required to admit a new partner if the new partner invests cash of $20,160.

(The journal entry will be the same as what we have in b above as presented below:

In the book of the new partner:

DR CR

Business Solutions' Cash book $20,160

New Partner's bank account $20,160

Being capital contributed to join Business Solution

In the book of Business Solution:

DR CR

Cash book $20,160

New Partner's Capital account $20,160

Being capital contributed by the new partner to join Business Solution

4. After posting the entry in part 3, what would be the new partner's equity percentage?

A contribution of $20,160 will make the total equity be equal to $100,800 (i.e. $80,640 + $20,160). As a result, the new partner's equity percentage is the new partner equity contributed divided by the new total of Business Solution’s equity multiply by 100. This is calculated as follows:

The new partner's equity percentage = ($20,160/$100,800) * 100

= 0.20 * 100

= 20%

I wish you the best.

8 0

3 years ago