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3 years ago

The circular flow model examines interactions between which sectors of the economy? Check all that apply.

Business

2 answers:

nirvana33 [79]3 years ago

4 0

Business, Government, and Household sector is the answer

sattari [20]3 years ago

3 0

Answer: Business, Government and Household sector

Explanation: A circular flow diagram shows the flow of goods and services between the firms, households and the government. Role of each sector,

<em>Business</em>- Supply goods and service to the households and government sector in return for revenue and make factor payments to the households.

<em>Household</em>- They supply factors of production to the government and the business sector in return for factor payments and purchase goods and services from them.

<em>Government</em>- This sector produces goods and services, taxes the households and business sector and also provides transfer payments or subsidies to them.

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Simba Company’s standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00). During July, the company purchases a

Lelechka [254]

Answer:

A)1192 A

B) 192 A

C) 1000 A

Explanation:

The Question is to Compute Simba Company's Total, Price, and Quantity materials Variances

1) Computation of material Cost Variance

= The Standard Cost - The Actual Cost of the material

= 1,500 units x 2 pounds = 3000 pounds

Standard Cost = 3,000 pounds x $5 = $15,000

Therefore material variance = $15,000 - $16,192 = 1192A

2) The material Rate Variance or the Price Variance

= (Standard Rate - Actual Rate) Actual Quantity

= Actual Rae = $16,192 / 3200 = $5.06

Material Rate Variance = (5- 5.06) x 3,200

= 192 A

3) The material Usage Variance or Quantity variance

= (The Standard Quantity - Actual Quantity) Standard Rate

Standard Quantity = 1,500 Units x 2 Pounds = 3000 pounds

Material Usage Variance = (3,000-3,200) 5

= 1000 A

5 0

2 years ago

The number one reason risk pooling is valuable to the insurance industry is... A. It allows companies to charge the same premium

kolbaska11 [484]

The reason for risk pooling which is beneficial for the insurance industry is best described as it brings together many individuals' premiums so that there is money to cover a selected few losses.

Option B is the correct answer.

<h3>Who is a policyholder?</h3>

The policyholder is an individual who takes an insurance policy from an insurance company. He pays insurance premiums against their respective policies.

The insurance contract is an agreement between the individuals and insurance company to indemnify them at the happening of the specified event and individuals also agreed to pay the insurance premiums on time. The risk pooling allows the insurance company to get insured many people against a small amount of money called an insurance premium.

Therefore, risk pooling is valuable for the insurance company in respect of the insurance policies.

Learn more about the insurance in the related link;

brainly.com/question/14969988

#SPJ1

7 0

2 years ago

Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the processes required to ensure t

strojnjashka [21]

Answer:

Project Scope Management is the applicable knowledge area.

Explanation:

Project Management involves the use of knowledge skills, tools, techniques to meet the requirement of the project. Other knowledge areas in Project Management include;

Project Procurement Management

Project Risk Management

Project Integration Management

Project Communication Management

Project Human Resource Management

Project Time Management

Project Cost Management

Project Quality Management

Project Stakeholder Management

Project Scope Management involves explaining what the project will entail. It ensures people have a clear understanding of what the project is about.

5 0

3 years ago

Costello Corporation reported pretax book income of $500,900. During the current year, the reserve for bad debts increased by $6

raketka [301]

Answer:

Deferred income tax expense = $7,161

Explanation:

Given:

Bed debts increase = $6,800

Depericiation increase = $40,900

Tax-exempt life insurance = $3,450

Computation:

Assume tax rate = 21%

Taxable difference = 40,900 - 6,800

Taxable difference = 34,100

Deferred income tax expense = 34,100 × 21%

Deferred income tax expense = $7,161

6 0

2 years ago

CrayFry offers a discount on an extended warranty on its CrayFrier when the warranty is purchased at the time the fryer is purch

Aleks [24]

Answer:

The answer is: C)$3,000

Explanation:

The standalone selling price is the price at which the company would sell warranty separately to its customer. In this case we need to find the stand alone price of the discount option.

We first find the difference between regular price and the discount option:

$25 - $20 = $5

Then we multiply by the possibility of the discount sale happening (60%) and the total number of goods sold with the discount option.

= $5 x 60% x 1,000 fryers

= $3,000

6 0

3 years ago