Answer:
Resource Market : <u>Sellers (households)</u> sell factors of production to <u>buyers (businesses)</u>, in return of factor incomes.
Product Market : <u>Sellers (businesses)</u> sell goods & services to <u>buyers (households)</u>, in return of price expenditure for goods & services.
Explanation:
Circular flow of Income is flow of payments & receipts for goods, services & factor services between sectors (firms & households) of economy.
Households sell factors of productions i.e land, labour, capital, entrepreneur to buyers businesses . They get factor incomes i.e rent, wages, interest, profit in return from them .
Businesses sell goods & services to buyers households. Households spend factor incomes earned from supplying production factors, in paying prices for those goods & services.
Product Market : Involves flow of factor services, final products & services - from households to firms, from firms to households respectively.
Money Market : Involves flow of monetary factor payments, prices expenditure- from firms to households, from households to firms respectively
Receivables turnover ratio can be calculated by dividing the net value of credit sales during a given period by the average accounts receivable during the same period. Average accounts receivable can be calculated by adding the value of accounts receivable at the beginning of the desired period to their value at the end of the period and dividing the sum by two.
500,000÷((80,000+40,000)÷2)
=8.3
Answer:
<u><em>Goodwill Paid by Wildhorse = $ 210,000</em></u>
Explanation:
On July 31st the amount of Goodwill recognized by Wildhorse of Conchita is
Payment by Wildhorse to acquire Conchita = $ 2850,000
Less Net identifiable assets of Conchita = $ 2640,000
Goodwill Paid by Wildhorse = $ 210,000
The following entry would have been passed on 31st July
Goodwill Dr. $ 210,000
Assets Dr. $ 2640,000
Investments $ 2850,000 Cr
<em><u> The goodwill is determined by the difference in fair value paid and the fair value of assets.</u></em>
It is open when u read it with all the options and because open sounds the best
Answer:
It's not a good decision.
Explanation:
While the purchasing manager has been over budget for several months, wanting to get one of the engine controls at minimal cost would hurt the company as the quality rating is much lower than Bridgeway's required. This is not well seen in business because lower quality can affect our customers who would decide to go with another company and the prestige of the same would be affected.
While the purchasing manager would have a personal monetary reward for ordering parts from this international supplier, only he and not the company would benefit. The most logical thing is to review the budget exhaustively with experts in the field and see where you could reduce costs that do not affect the quality of goods or services produced by the company.
Have a nice day!
