Answer:
1. Sharp increase in taxes affects middle-class families
2. A sports-apparel company cuts jobs as a result of slow sales
3. A fast food chain goes out of business and shuts down all of its restaurants.
Explanation:
The circular flow of income shows the flow of money from economic activities between households and firms. Households receive payments for their services in the form of wages and salaries and use this money to purchase goods and services for consumption from the firms. The firms can use their sales revenue and profits to pay for wages and salaries. This continues in a cycle.
There are injections into and withdrawals out of the circular flow of income. Withdrawals (leakages) can occur in the form of savings, taxes and imports.
1. When there is a sharp increase in taxes, people spend more of their income on paying their taxes. Hence, they have little remaining of disposable income to spend on consumption.
2. When a sports-apparel company cuts down on jobs, many people will lose their salaries or wages. Hence, they would be unable to spend on goods and services produced by the firm. This in turn means lower sales revenue for the firm.
3. As a fast food chain shuts down its operation, a lot of suppliers will lose their sales. At the same time, employees would lose their income. Hence, it is a form of leakage from the circular flow of income.
Answer:
Employee satisfaction is likely to be lower
Explanation:
Promotion opportunities are an important form of reward inside an organization. If there are no promotion opportunities in place, this means that employee satisfaction will likely be lower, because there one incentive less to work hard: the incentive of being promoted.
Answer:
Debit unearned rent for $3,375
........Credit rent revenue for $3,375
Explanation:
The adjusting entry made by Fragmental Co. on December 31 is calculated as;
Number of months from October 1st to December 31st = 3 months
Rent revenue earned for 3 months = $1,125 × 3 = $3,375
Therefore, the adjusting entry would be;
Debit unearned rent for $3,375
..........Credit rent revenue for $3,375
Answer:
The answer is D.
Explanation:
Option D. They are generally acceptable in the payment of debt is correct. Checkable and Debitable are very liquid as they can be easily convertible to money. That is, it is indirectly like money.
Option B is wrong as it is not related to the question atal.
Option C is wrong because all customers' deposit are the liabilities of the banks.
Answer:
d. is in the short run
Explanation:
In the short run, at least one factor of production is fixed. In this question, the kitchen area and sitting space are fixed. These represents the fixed costs.
In the long run, all factors of production are variable.
The variable cost in this question , is the cost of Labour.
I hope my answer helps you
