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vesna_86 [32]
3 years ago
11

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

Business
1 answer:
hjlf3 years ago
4 0

Answer:

<u>The correct answer is B. Government</u>

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.

<u>The correct answer is B. Government.</u>

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Accounting Professionals Inc. experienced the following events in 2014, its first year of operation:1. Performed services for $2
Andrews [41]

Answer:

Explanation:

The accounting equation is presented below:

Particulars       Assets   =               Liabilities   =             Stockholders equity  

                        Cash     Supplies          Account payable              Retained earnings

1. Service

Performed       $20,000                                                                    $20,000

2. Supplies

Purchased                       $4,000             $4,000

3. Supplies

Used                              -$3,000                                                         -$3,000

Total               $20,000  $1,000              $4,000                               $17,000

6 0
3 years ago
Pooler Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.15 direct labor
AleksandrR [38]

Answer:

$13,335

Explanation:

Required production in units for April and May are 6,500 units and 6,200 units respectively.

Direct labor hours needed is 0.15 for both months.

Total direct labor hours needed for each month would be;

April

= 6,500 units × 0.15

= 975

May

=6,200 units × 0.15

= 930

Direct labor rate per hour for each months is $7

Total direct labor cost for April would be;

= $7 × 975

= $6,825

Total direct labor cost for May would be;

= $7 × 930

= $6,510

Therefore, total direct labor cost for both months April and May would be;

= $6,825 + $6,510

= $13,335

4 0
3 years ago
Vaughn Manufacturing has fixed costs of $30000 per year. Its warehouse sells wine with variable costs of 90% of its unit selling
oksian1 [2.3K]

Answer:

$300,000

Explanation:

Calculation for How much in sales does Vaughn need to break even per year

Using this formula

Sales needed to break even=Fixed cost/(1-Unit selling price Variable costs)

Let plug in the formula

Sales needed to break even=$30,000 / (1 -.9)

Sales needed to break even=$30,000 / (0.1)

Sales needed to break even=$300,000

Therefore How much in sales does Vaughn need to break even per year will be $300,000

8 0
3 years ago
Like 4 avengers Endgame!!
eimsori [14]

Answer:

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7 0
2 years ago
Read 2 more answers
The graph illustrates a change in the market for bicycles. Which statement could explain the graph?
olchik [2.2K]

Based on the graph that shows the change in the market for bicycles, the statement that explains the graph is The demand for bicycles increased due to news about the health benefits of exercise. The market price & quantity increased.

<h3>Which statement explains the supply and demand graph?</h3>

The question is not complete as the graph is not given. However, an answer can be formulated based on the laws of demand and supply.

The most likely option to be true is that the demand for bicycles increased due to news about its health benefits and then this led to the market price and quantity increasing.

This is because the increased demand for the bicycles would have drove the prices up. This would then have inspired suppliers to produce more bicycles thereby increasing bicycle quantity as well.

Find out more on demand increasing at brainly.com/question/4371942

#SPJ1

7 0
1 year ago
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