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3 years ago

In the circular flow model, the expenditures on goods and services flow in the

1 answer:

4 0

The answer is opposite direction as <span>goods and services.
In the circular flow model, the expenditures on goods and services will be paid by the households to the producers/
The direction of goods and services (products) on the other hand, will be given by the producers to the households.

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An account that is a lot like a basic bank account, but offers higher interest rates because it doesn’t have the overhead that s

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What is being described above would be an ONLINE SAVINGS ACCOUNT. This kind of account is similar to a basic bank account but it gives a higher interest rate since it is only operated online and does not possess that overhead that standard banks have. The answer is option C.

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4 years ago

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When can a bank repossess someone's car?

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A. when the owner defaults on the loan payment

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2 years ago

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Problem 08-1A Preparing and analyzing a flexible budget LO P1, A1 [The following information applies to the questions displayed

cricket20 [7]

Answer:

The answer is in the explanation

Explanation:

Phoenix Company

Fixed Budget Report

For the 'fear Ended 31st December 2015

Flexible Budget Flexible Budget for

Variable Amount Total Fixed Unit Sales Unit Sales

per unit cost of 14,000 of 16,000

Sales at 210 $ per unit (A) 210 2940000 3360000

Variable cost

Direct Material $ 62.00 $868,000.00 $ 992,000.00

Direct Labor $ 14.00 $196,0000.00 $ 224,000.00

Machinery repairs $ 3.00 $ 42,000.00 $ 48,000.00

Utilities $ 2.00 $ 28,000.00 $ 32,000.00

Packaging $ 6.00 $ 84,000.00 $ 96,000.00

Shipping $ 6.00 $ 84,000.00 $ 96,000.00

Total Variable Expenses (B) $ 93.00 $1,302,000.00 $1,488,000.00

Contribution margin (C=A-B) $ 117.00 $ 1,638,000.00 $ 1,872,000.00

Fixed cost

Depreciation $ 315,000.00 $315,000.00 $ 315,000.00

Plant Management Salaries $ 210,000.00 $210,000.00 $ 210,000..

Utilities $ 180,000.00 $ 180,000.00 $ 180,000.00

Sales Salary $ 235,000.00 $ 235,000.00 $ 235,000.00

Advertising Expenses $ 100,000.00 $ 100,000.00 $ 100,000.00

Salaries $ 241,000.00 $ 241,000.00 $ 241,000.00

Entertainment Expenses $ 85,000.00 $ 85,000.00 $ 85,000.00

Total Fixed Expenses (D) $1,366,000.00 $1,366,000.00 $ I,366,000.00

Net Profit (C-D) $ 272,000.00 $ 506,000.00

Variable Cost Per unit= Variable Cost / 150000

Increase in Operating Income if Sales rise to 18000

Phoenix Company

Forecast contribution Margin Income Statement

For the year Ended 31st December 2015

Sales in Units 15,000 18,000

Contribution Margin Per Unit $ 117 $ 117

Contribution Margin $ 1,755,000 $2,106,000

Fixed Costs $ 1,366,000 $ 1,366,000

Expected increase in Operating Income $ 389,000 $ 740,000

$ 351,000

Income (loss) from operation sale is reduced to 12000

Phoenix company

Forecast contribution Margin Income Statement

For the year Ended 31st December 2015

Sales in Units 15,000 12,000

Contribution Margin Per Unit $ 117 $ 117

Contribution Margin $ 1,755,000 $1,404,000

Fixed Costs $ 1,366,000 $ 1,366,000

Operating Income $ 389,000 $ 38,000

check the attached image for the correct arrangement of the tables and solution

4 0

4 years ago

In November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $27,000. Alan made the appropriate year-end

Dafna11 [192]

Answer:

The journal entry as of march 1 will be:

Debit Notes payable $27,000

Debit Interest payable $450

Debit Interest Expense $450

Credit Cash $27,900

Explanation:

payable amount = $27,000

Issued on 1st Nov

Term = 120 days

Maturity on 1st march.

Days from 1st Nov to 31st Dec = 60 days

Days from 1st Jan to 1st March = 60 days

Total 61 + 59 = 120 days

Interest expense from 1st Nov to 31st Dec

= 27000 x 10% x 60/360

= $ 450

This $450 has been debited as Interest expense and Credited as Interest payable on Year end Accrual.

Interest expense from 1st Jan to 1st March

= 27000 x 10% x 60/360

= $450

One maturity, 1st March, cash payment would include $27000 (amount of notes payable) + $900 (interest amount = 27000 x 10% x 120/360).

Total cash payment = $ 27,900

This cash payment of $27,900 will be credited.

Interest expense (1st jan to 1st march) of $450 will be debited.

Interest payable (1st Nov to 31st Dec) of $450 will be debited, and

Notes payable amount of $27,000 will also be debited.

Therefore , The journal entry as of march 1 will be:

Debit Notes payable $27,000

Debit Interest payable $450

Debit Interest Expense $450

Credit Cash $27,900

7 0

3 years ago

What is the primary purpose of job specialization A. Regional self-sufficiency B. Increased consumer income C. Increased margina

marishachu [46]

Answer:

D. Increased efficiency and productivity

Explanation:

Job specialization can be defined as a strategic process which typically involves the ability of employees working in an organization to develop specific skills, knowledge, great expertise or professionalism and experience to perform their duties, tasks or job functions effectively and efficiently.

In order to gain the requisite skills, expertise and knowledge for job specialization, it is very important for the employees to have undergone an extensive training and a good number of years in work experience.

The primary purpose of job specialization is to increase efficiency and productivity because the employees are able to specialize in the use of specific tools (equipments) to accomplish their tasks, as well as limit the level of error or mistakes in the production process.

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4 years ago