1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nikitich [7]
3 years ago
15

What are examples of withdrawals from the circular flow of income? Check all that apply. A sharp increase in taxes affects many

middle-class families. A sports-apparel company cuts jobs as a result of slow sales. A fast-food chain goes out of business and shuts down all of its restaurants. Most of the stores at a mall are promoting sales to encourage new customers. Crew members are hired for a movie company that is shooting on location.
ANSWER: 1,2,3 !!!
Business
2 answers:
Readme [11.4K]3 years ago
6 0

A sharp increase in taxes affects many middle-class families.

A sports-apparel company cuts jobs as a result of slow sales.

A fast-food chain goes out of business and shuts down all of its restaurants.

Explanation:

The circular income or circulated flow is a model for the economy where the big transactions between the market participants are represented as cash flows, goods and services, etc. The cash and goods flows transferred in a closed circuit complement the interest but are going in the reverse direction.

Retirements are factors in an economy that escapes from distributed labor flows and reduces national income sizes.

Withdrawals include: savings, taxes and imports.

Tpy6a [65]3 years ago
4 0

Answer:

A. A sharp increase in taxes affects many middle-class families.

B. A sports-apparel company cuts jobs as a result of slow sales.

C. A fast-food chain goes out of business and shuts down all of its restaurants.

You might be interested in
There are 8 kinds of sewing machine. Are all of them are used for constructing a garment? Why?
qaws [65]
No, they can be used for mechanical uses
5 0
3 years ago
Bonita Corporation had net income of $1550000 and paid dividends to common stockholders of $400000 in 2017. The weighted average
artcher [175]

Answer:

16 times

Explanation:

Calculation to determine what Bonita Corporation's price-earnings ratio is

Price-earnings ratio= ($1550000 -$400000)/387500

Price-earnings ratio=$1,150,000/387500

Price-earnings ratio=2.97

Price-earnings ratio= 48/2.97

Price-earnings ratio=16 times

Therefore Bonita Corporation's price-earnings ratio is 16 times

3 0
3 years ago
2 points Time Remaining 23 minutes 4 seconds00:23:04 eBookItem 7 Time Remaining 23 minutes 4 seconds00:23:04 On April 30, Gomez
mash [69]

Answer: $51,400

Explanation:

Credits to Accounts Receivable represent a reduction in the Accounts receivable amount.

The formula for Closing balance is:

Closing balance = Opening balance + Credit sales - Credits to accounts receivable

Making Credit sales the subject will make the formula:

Credit sales = Credits to account receivable + Closing balance - opening balance

= 56,800 + 17,000 - 22,400

= $51,400

6 0
3 years ago
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit Cash
zheka24 [161]

Answer:

Usually, we use the "Income Summary" account to close the Income Statement accounts such as revenues and expenses.

First, close the revenue account by debiting it:

(DR) Service Revenue $450,000

(CR)       Income Summary    $450,000

Then, close the expenses accounts by crediting them:

(DR) Income Summary $407,000

(CR)        Salaries Expense       $350,000

(CR)        Rent Expense              $17,500

(CR)       Depreciation Expense   $35,000

(CR)      Interest Expense             $4,500

Finally, close the Income Summary account to Retained Earnings.

The balance of the Income Summary is a credit balance of $43,000

(credit of $450,000 less debit of $407,000)

So, to close the account we have to debit it.

(DR)  Income Summary      $43,000

(CR)               Retained Earnings          $43,000

4 0
3 years ago
Riverbed Company sells goods that cost $320,000 to Ricard Company for $407,000 on January 2, 2020. The sales price includes an i
Alecsey [184]

Answer:

a) Journal entries to record the sale on January 2, 2020:

Debit Accounts Receivable with $407,000

Credit Sales Account with $368,500

Credit Deferred Revenue (Installation Fee) with $38,500

Being sales of goods and installation services.

b) Income Statement for 1st Quarter of 2020

Sales  -  $368,500

Installation Fee - $19,250

Total Income - $387,750

less cost of sales - $320,000

Net Income - $67,750

c) The revenue Shaw should recognize in relation to the sale to Ricard is $387,750 (goods and accrued installation fee).  The installation fee to be recognized is for 3 months only.

Explanation:

The installation fee is for 6 months.  Therefore, 3 months' worth of fee will be recognized in the income statement ending on March 31, 2020.

7 0
3 years ago
Other questions:
  • Walmart is thinking about offering a 25% discount on a brand of shoes. If the elasticity of demand is two, then the discount wou
    13·1 answer
  • Which of the following is the definition of price discrimination?
    15·1 answer
  • The keynesian? short-run aggregate supply? (sras) curve
    6·1 answer
  • Why is research and development an integral part of the designing and producing process of an aerospace product? Select the best
    15·2 answers
  • The following income statements were drawn from the annual report of The Western Sales Company. Year 2 Year 1 Sales 40,000 40,00
    7·1 answer
  • Intangible assets that have an indefinite useful life:
    7·1 answer
  • What is the proper adjusting entry at December 31. the end of the accounting period, if the balance in the prepaid insurance acc
    5·1 answer
  • Suppose physical capital per worker increased to $60,000 between 1990 and 2000, and output per worker increased by $45,000 over
    10·1 answer
  • Assume the following shares outstanding: Preferred stock, 5%, $100 par value, noncumulative, 1,000 shares. No dividends were dec
    6·1 answer
  • Producer c has written 25 policies over the last 12 months, 4 of which have been issued to his employees in a side business, acc
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!