1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
statuscvo [17]
3 years ago
9

What does the circular flow model show? answers?

Business
1 answer:
Katena32 [7]3 years ago
4 0
It shows how businesses markets and households all buy and sell from each other to make profit<span />
You might be interested in
Why are some modular constructions exempt from the rule that buildings must be built from the ground up?
boyakko [2]
The best and most correct answer among the choices provided by the question is the second choice. Modular constructions exempt from the rule that buildings must be built from the ground up because they change regularly so they are not fixed to the ground like traditional structures.I hope my answer has come to your help. God bless and have a nice day ahead!
5 0
3 years ago
When preparing the statement of cash flows by the indirect method, if current liabilities increase the difference is
photoshop1234 [79]
 ist subtracted from investment i think 
6 0
3 years ago
Read 2 more answers
Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that
FinnZ [79.3K]

Answer:

1.Total Equivalent Units   Materials    471,600  Conversion     464,400

2. Cost Per Equivalent Unit Materials $ 1.33  Conversion   $ 0.75

3. Cost of Ending Work In Process  $ 39528

4. Cost Of Units Transferred Out = $ 936,000

5. Cost Materials  $ 627 228 and Conversion $348,300

Explanation:

Builder Products, Inc.,

Weighted-Average Method

1. Equivalent Units

Particulars              Units       % of Completion       Equivalent Units

                                       Materials Conversion   Materials Conversion

Transferred Out    450000     100         100             450,000      450,000

<u>Ending WIP           36000        60          40                21,600          14,400  </u>

<u>Total Equivalent Units                                              471,600       464,400</u>

Transferred Out units are calculated by adding Opening Inventory and production started and subtracting ending inventory units.

Transferred Out units = Opening Inventory+ production started -ending inventory units

Transferred Out units =76,000 + 410,00 - 36000= 450000 units.

2. Cost Per Equivalent Units

                                                     Materials         Conversion

Cost Of Opening Inventory         117,900                 53600

Cost Added                                  613,080              294,700

Total Costs                                <u>  624,980               348,300</u>

Equivalent Units                         471,600                464,400

Cost per Equivalent Unit            624980/471600        348300/464400

                                                      $ 1.33                           $ 0.75

3. Cost of Ending Work In Process  $ 39528

Materials = 21600 * $ 1.33= $ 28728

Conversion = 14400 * $ 0.75=  $10800

We multiply the equivalent number of units with the cost per unit to find the cost.

4. Cost Of Units Transferred Out = $ 936,000

Materials = 450 000 * $ 1.33= $ 598,500

Conversion = 450000 * $ 0.75 =  $ 337,500

5. A Cost Reconciliation Report

                                      Materials              Conversion

Ending WIP                     $ 28728                  $10800

<u>Transferred Out                $ 598,500             $ 337,500</u>

<u>Total                                </u><em><u> 627 228**</u></em><u>                 348,300</u>

These calculated costs reconcile with the costs given in the above data.

                                                   Materials              Conversion

Cost Of Opening Inventory         117,900                 53600

<u>Cost Added                                  613,080              294,700</u>

Total Costs                                <u>  </u><em><u>624,980**  </u></em><u>             348,300</u>

The difference is in the cost of materials which is actually <u> </u><em><u>624,980** and we found it out to be </u></em><u> </u><em><u> 627 228**</u></em><u>  .</u> This is because we rounded the Cost per Equivalent Unit of material from $ 1.325 to $1.33

If we multiply 1.325 *  471,600  we get $ 624870 which is almost the same.

5 0
3 years ago
An October sales forecast projects that 7,000 units are going to be sold at a price of $11.50 per unit. The desired ending inven
REY [17]

Answer:

The correct answer is:

$80,500 (b.)

Explanation:

First of all, not that total anticipated October sales is the same thing as projected October sales. Therefore, this sale is calculated as follows:

Projected sales = 7,000

unit price = $11.50 per unit

Therefore

Price for 7,000 units = 11.5 × 7,000 = $80,500

5 0
3 years ago
Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the matur
laiz [17]
Is this a real question just curious
4 0
3 years ago
Read 2 more answers
Other questions:
  • Marco and Lisette love to play​ darts, but both suffer from carpal tunnel syndrome due to excessive play. They are considering h
    15·1 answer
  • Over 900,000 Americans in 2014 filed for this financial status
    15·1 answer
  • Melissa purchases a dvd player at a store that sells refurbished merchandise. the store has a big sign stating "caveat emptor" p
    12·1 answer
  • Blenman Corporation, based in the United States, arranged a 2-year , $1,000,000 loan to fund a project in Mexico. The loan is de
    10·1 answer
  • Pina Colada Corp. gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per b
    5·1 answer
  • Allocative efficiency is concerned with:
    14·1 answer
  • You want to borrow $93,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,850, but no
    10·1 answer
  • Distinguish between fixed cost and Variable Cost​
    13·1 answer
  • Consider Franco Co, the parent of a US-based multinational corporation (MNC) that uses forecasted exchange rates to assist with
    11·1 answer
  • Effective employee training within an organization Group of answer choices all of these choices enables employees to perform tas
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!