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4 years ago

The actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy.

1 answer:

dsp734 years ago

6 0

It seem like there are information missing on the question posted. Let me answer this question with all I know. So here is what I believe the answer is, the actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy.

Hope my answer would be a great help for you. If you have more questions feel free to ask here at Brainly.

You might be interested in

Which of the following charitable contributions is not tax deductible? a. Time donated to a qualified veterans’ organization. b.

igor_vitrenko [27]

Answer:

Time donated to a qualified veterans organization

Explanation:

The reason is that the company can only only deduct the products or services delivered which had cost the organization. The companies are not allowed to deduct the cost of time delivered however if the employee is specially paid to offer the services to qualified charitable institution then the charity would be tax deductable.

6 0

4 years ago

Lemony Company made sales of $ 32 comma 200 million during 2018. Cost of goods sold for the year totaled $ 12 comma 880 million.

Aleksandr [31]

Answer:

Gross profit is 60%

Inventory turnover is 4.6 times

Explanation:

The formula to compute the gross profit percentage is shown below:

= (Gross profit ÷ sales) × 100

where,

Gross profit = Sales - the cost of good sold

= $32,200 million ÷ $12,880 million

= $19,320 million

And, the sales is $32,200 million

Now put these values to the above formula

So, the percentage would equal to

= ($19,320 million) ÷ ($32,200 million) × 100

= 60%

The formula to compute the inventory turnover is shown below:

= (Cost of goods sold) ÷ average inventory

where,

Average inventory = (Beginning inventory + ending inventory) ÷ 2

= ($1,200 million + $1,600 million ) ÷ 2

= $900 million

And, the cost of good sold is $12,880 million

Now put these values to the above formula

So, the turnover would equal to

= $12,880 million ÷ $2,800 million

= 4.6 times

7 0

3 years ago

Grayhawk Company reported net credit sales of $588,000 for the year ending December 31, 2019. On January 1, 2019, the Allowance

Sever21 [200]

Answer:

D) $8,040

Explanation:

Credit Sales Method:

Bad Debt Losses = 3% of Credit Sales

Bad Debt Losses = 0.03 x $588,000

Bad Debt Losses = $17,640

Adjusted balance in the Allowance for Doubtful Accounts:

Bad Debt Losses - (uncollectible accounts receivable - Allowance for Doubtful Accounts)

$17,640 - ($24,000 - $14,400)

$17,640 - $9,600

$8,040

5 0

3 years ago

Your _______ should furnish enough money to live on, in an emergency, for six months.

polet [3.4K]

Your A) SAVINGS should furnish enough money to live on, in an emergency, for six months.

Savings should at minimum be equivalent to the amount you spend for your basic needs for a month. Multiply it for 6 months because in case you are unemployed, you will still be able to meet your needs for six months. Giving you time to recoup and find other employment.

IRA is Individual Retirement Account - This is intended for your retirement.
Investments are usually bonds or securities which may take quite some time before it can be liquidated.

8 0

3 years ago

Assume that abby, ben, clara, joe, and matt are the only citizens in a community. A proposed public good has a total cost of $10

STatiana [176]

Answer: In a majority vote, this proposal will most likely be accepted.

Explanation:

The cost of the proposed public goods is $1000, which will be shared equally among the 5 people. So, per person share on the provision of public good will be,

$=\frac{1000}{5}$

$=$200$

Since, Abby, Ben and Clara value the good more than the cost they will vote in favor of the provision. But Joe and Matt value it less than the cost so they will vote against the provision.

Value to Abby is $220 which is greater than $200.

Value to Ben is $210 which is greater than $200.

Value to Clara is $210 which is greater than $200.

Value to Joe is $180 which is less than $200.

]Value to Matt is $120 which is less than $200.

So since 3 people out of 5 vote in favor of the proposal, the public good will be provided.

8 0

3 years ago