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ANTONII [103]
3 years ago
10

In what part of the circular flow model do households provide services to and receive payments from firms? Economic development

Financial investment Purchases Labor market
Business
1 answer:
JulsSmile [24]3 years ago
6 0

Answer:

Purchases Labor market

Explanation:

A simple circular flow of income model is and economic model that shows the movement of goods and services between the firm and the house hold and in the opposite direction is the flow of money between the firm and the household.

The Household provides factor input to the firm and in return receives rewards for the input in form of money from the firm, the firm on the other hand supply the household with goods and services and receives payment from the household, these transaction flow is thought of as a movement in circular direction, hence the term circular flow of income.

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_____ is the marketing of goods and services to individuals and organizations for purposes other than personal consumption.
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Answer:

C) Business marketing

Explanation:

There are two major types of business transactions: business to business (B2B) and business to consumers (B2C).

When a company engages in B2B transactions, they are selling their products or services to another business or individual that will resell them to individual consumers. For example, Nike sells shoes to Foot Locker, and then Foot Locker resells them to final consumers.

Businesses engaged in B2B transactions use specific marketing strategies aimed at their wholesale clients which usually vary from marketing strategies aimed at final consumers, e.g. offer discounts for buying in bulk.

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A person borrows ​$150 that he must repay in a lump sum no more than 8 years from now. The interest rate is 9.9​% annually compo
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Answer:

a. $181.17

b. $218.82

c. $319.21

Explanation:

If the borrower repays the loan after 2 ​year

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n = 2

r =  9.9​%

P/yr = 1

Pmt = $0

FV = ?

Using a financial calculator, FV = $181.1702

The amount that will be due if the borrower repays the loan after 2 ​year is $181.17.

If the borrower repays the loan after 4 ​years

PV = $150

n = 4

r =  9.9​%

P/yr = 1

Pmt = $0

FV = ?

Using a financial calculator, FV = $218.8175

The amount that will be due if the borrower repays the loan after 2 ​year is $218.82.

If the borrower repays the loan after 8 ​years

PV = $150

n = 8

r =  9.9​%

P/yr = 1

Pmt = $0

FV = ?

Using a financial calculator, FV = $319.2073

The amount that will be due if the borrower repays the loan after 2 ​year is $319.21.

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3 years ago
Tucker Company makes chairs. Tucker has the following production budget for January - March. January February March Units Produc
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Answer:

Tucker Company

The number of board feet of wood that Tucker needs to purchase in February is:

=  46,297.

Explanation:

a) Data and Calculations:

Production Budget

                                               January   February      March      Total

Units Produced                         11,297       12,205      9,276   32,778

Board fee for each chair             4                4                4           4

Total board feet required       45,188       48,820     37,104    131,112

Board feet required               45,188       48,820     37,104    131,112

Ending Materials Inventory    9,764           7,421

Beginning Materials Inventory     (0)        (9,764)     (7,421)

Purchase of board feet        54,952      46,297

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