Answer:
Shawna needs to consult with a financial advisor to make sure she has not missed any details.
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Option D</u></h3>
Every penny spent on a good or service must end up as someone's income so the total value of production in an economy equal the total value of income
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Explanation:</u></h3>
The circular flow model describes how cash flows through society. Cash moves from yielders to workers as payments and runs back to yielders as cash for products. Since all the value created must refer to someone in the class of a request on the value, the national product is equivalent to national income.
Each action in an economy comprises a buyer and a seller. Households spend cash for acquiring goods and services exhibited. Firms make a production settlement. Households are employing units which incorporate output created in the business firms
Answer:
B. Because cash equivalents are less liquid than cash, they must be reported separately from the Cash account
Explanation:
The <em><u>combined amount of cash and cash equivalents</u></em> will be reported on the balance sheet as the first line item in the section with the heading current assets.
These cash equivalents are short-term, highly liquid investments with a maturity date that was 3 months or less at the time of purchase.
In other words, there is very little risk of collecting the full amount being reported.
What should be the basic goal of a firm when it sets a level of output?
The firm should make sure that it maximizes its profits. Maximizing profits means they are making the most they possibly can with the items they are selling or services that are being offered. When they make their overall goals, they need to make sure they are going to be making as much as they possibly can to acheive their long-term goals.
