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3 years ago

Which of the following is NOT part of the simple circular flow model?

Business

1 answer:

hjlf3 years ago

4 0

Answer:

The correct answer is B. Government

Explanation:

There is no doubt that the simple circular flow model explains supply and demand in an elemental economic perspective, however this model doesn’t take into account at least five other key factors of the economic systems. Those factors are:

1. Government sector.

2. Government spending.

3. The taxation system.

4. The financial institutions.

5. Imports and exports.

The correct answer is B. Government.

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Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of rec

Gre4nikov [31]

Answer:

a. 5% of $ 650,000= $ 32,500

b. Required Adjustment = $ 19,100

c. Required Adjustment = $ 34,900

Explanation:

Days Past Due

Total 0 1 to 30 31 to 60 61 to 90 Over 90

Accounts- $650,000 $412,000 $106,000 $52,000 $34,000 $46,000

receivable

Percent- 2% 3% 6% 8% 11%

uncollectible 22,320 8,240 3180 3120 2720 5060

a. 5% of $ 650,000= $ 32,500

B . Unadjusted Balance = $ 13,400 Credit

Estimated Balance= $ 32,500

Required Adjustment = $ 19,100

C. Unadjusted Balance = $ 2,400 Debit

Estimated Balance= $ 32,500

Required Adjustment = $ 34,900

4 0

3 years ago

Suppose that you are available to go to work but have not looked for a job for at least the last four weeks because you believe

My name is Ann [436]

Suppose that you are available to go to work but have not looked for a job for at least the last four weeks because you believe that there aren't any jobs available. You would be counted as discouraged worker

Explanation:

Suppose that you are available to go to work but have not looked for a job for at least the last four weeks because you believe that there aren't any jobs available. You would be counted as

A discouraged worker is an individual who has given up looking for employment even though they are perfectly eligible to take up a job but to the repeated failure in finding a job they have then ceased their search for finding an employment.

Discouraged workers have stopped looking for employment opportunities because they feel that their is no job that suits their qualifications

Since they have stopped searching they are not included in the labor force hence when we see the statistics for unemployment these people are not included there also .So they are called Discouraged Workers

The correct formula for calculating the unemployment rate

(

D) Neither formula is used to calculate the unemployment rate

The formula for Unemployment rate is

==> U=Unemployed People/Labor force*100

7 0

3 years ago

Mays, Inc. had net income for 2014 of $1,060,000 and earnings per share on common stock of $5. Included in the net income was $1

Rainbow [258]

Answer:

The dividends on common stock in 2014 for Mays, Inc was:

Dividends paid=$2650

Explanation:

1. You must follow the formula below to find out the Dividends Paid by Mays inc,

Payout ratio = (dividends paid/net earnings for the period) x 100 then,

Dividends paid= (Payout Ratio/100) x net earnings for the period

Dividends paid= (25%/100)x$ 1'060.000

Dividends paid=$2650

8 0

3 years ago

A farmer raises wheat and pays a portion of it as a tax that is collected by government agents and sent to a central storage fac

Olegator [25]

Answer:

REDISTRIBUTION

Explanation:

Redistribution of assets and income can be defined as social mechanism like taxes, education, healthcare, government services, political reform, fiscal policy, confiscation, separation or tort rule is the redistribution of wealth and income from some persons to others.

The phrase's meanings differ, based on private experiences, political philosophies and limited statistical usage. In politics, it is often said, probably referring to supposed transfers of wealth from those with more to those who have less.

3 0

3 years ago

A phone caller becomes irate and demands to speak to your boss, saying, "I know she wants to be interrupted to speak to me!" You

Degger [83]

I believe that in such a situation, the thing you should do is say: Mrs. Wilson can't be contacted now, but I will give her your name and number as soon as possible.
That way you won't interrupt your boss, and you will give a polite answer to the person calling.

7 0

3 years ago