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julsineya [31]
2 years ago
11

Which best describes what is represented in the business cycle model? the interactions between producers and consumers the chang

e in production cost macroeconomic trends supply and demand trends
Business
2 answers:
schepotkina [342]2 years ago
7 0

<u>The option C is correct. Macroeconomics trends are represented in the business cycle model.  </u>

Further Explanation:

Business cycle model:

The business cycle model refers to the model in which the change in aggregate income and the unemployment for the nations are taken into consideration. The model tells us about the change in aggregate income and the change in the unemployment rate. The country does use the business cycle model to evaluate the country's growth rate.  

Justification for the correct and incorrect answer:

A.

The interactions between the producers and consumers: This option is incorrect.

Business does not directly consider the producer and consumers. The interaction of producer and consumer is included in the production process.  

B.

Change in production cost: This option is incorrect.  

The change in production cost, it only affects the particular company. The change in production cost does not affect the whole nations.  

C.

Macroeconomics trends: This option is correct.

Macroeconomics deals in aggregate demand, aggregate supply, unemployment, aggregate for the whole nation.  The trends of the macroeconomics can be used for representing the business cycle model. This option is correct.  

D.

Supply and demand trends: This option is correct.

The supply and demand for particular goods can not be used to represent the business cycle model. This is not the correct option.  

Learn more:

1. Learn more about the elasticity of demand

<u>brainly.com/question/6255841 </u>

2. Learn more about unemployment

<u>brainly.com/question/11030926 </u>

3. Learn more about demand and supply diagram

<u>brainly.com/question/2195487 </u>

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Business cycle model

Keywords:

business cycle model, interactions, change in production cost, macroeconomics trends, supply and demand trends, producer, consumers, aggregate demand, aggregate supply, unemployment, aggregate income, and change.

leva [86]2 years ago
4 0

Macroenomoc trends best describes what is represented in the business cycle model.

The business cycle, also known as the economic cycle or trade cycle describes the rise and fall in production output of goods and services in an economy. The rise and fall is measured using rise and fall in real – inflation-adjusted – gross domestic product (GDP).

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The answer is given below;

Explanation:

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3 years ago
Denzel Brooks opened a Web consulting business called Venture Consultants and completes the following transactions in March Marc
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Answer:

1. Prepare general journal entries to record these transactions using the following titles:

March 1

Dr Cash (101) 175,000

Dr Office Equipment (163) 26,000

    Cr Common Stock (307) 201,000

March 2

Dr Prepaid Rent (131) 6,000

    Cr Cash (101) 6,000

March 3

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Dr Office Supplies (124) 2,200

    Cr Accounts Payable (201) 6,000

March 6

Dr Cash (101) 4,500

    Cr Services Revenue (403) 4,500

March 9

Dr Accounts Receivable (106) 10,900

    Cr Services Revenue (403) 10,900

March 12

Dr Accounts Payable (201) 6,000

    Cr Cash (101) 6,000

March 19

Dr Prepaid Insurance (128) 6,400

    Cr Cash (101) 6,400

March 22

Dr Cash (101) 4,000

    Cr Accounts Receivable (106) 4,000

March 25

Dr Accounts Receivable (106) 5,330

    Cr Services Revenue (403) 5,330

March 29

Dr Dividends (319) 5,400

    Cr Cash (101) 5,400

March 30

Dr Office Supplies (124) 1,700

    Cr Accounts Payable (201) 1,700

March 31

Dr Utilities Expense (690) 1,400

    Cr Cash (101) 1,400

2. Post the journal entries from part 1 to the ledger accounts.

Account      Description                                  Debit         Credit

101               Cash                                           175,000

                                                                                           6,000

                                                                          4,500

                                                                                           6,000

                                                                                           6,400

                                                                          4,000

                                                                                           5,400

<u>                                                                                             1,400  </u>

101               Cash                                           158,300

106              Accounts Receivable                 10,900        

                                                                                           4,000

<u>                                                                          5,330                     </u>

106              Accounts Receivable                 12,330

124              Office Supplies                            2,200

<u>                                                                          1,700                        </u>

124              Office Supplies                            3,900

128              Prepaid Insurance                       6,400

131               Prepaid Rent                                 6,000

163              Office Equipment                        26,000

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163              Office Equipment                        29,800

201              Accounts Payable                                              6,000

                                                                           6,000

<u>                                                                                                 1,700    </u>

201              Accounts Payable                                               1,700

307             Common Stock                                               201,000

319              Dividends                                       5,400

403             Services Revenue                                              4,500

                                                                                              10,900

<u>                                                                                                 5,330    </u>

403             Services Revenue                                             20,730

690             Utilities Expense                            1,400

3. Prepare a trial balance as of April 30.

Account      Description                                  Debit         Credit

101               Cash                                           158,300

106              Accounts Receivable                  10,900        

106              Accounts Receivable                  12,330

124              Office Supplies                             3,900

128              Prepaid Insurance                        6,400

131               Prepaid Rent                                 6,000

163              Office Equipment                        29,800

201              Accounts Payable                                               1,700

307             Common Stock                                               201,000

319              Dividends                                       5,400

                   Retained earnings                                             11,000

403             Services Revenue                                             20,730

690             Utilities Expense                            1,400

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TOTAL                                                           234,430       234,430                                              

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Last quarter, a retailer sold 8,000 T-shirts, 7,000 of which were sold directly from on-hand inventory. This retailer's ________
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3 years ago
Which of the following accounts would not appear on a schedule of cost of goods manufactured?
kotykmax [81]

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Explanation:

<u>The cost of goods manufactured (COGM) schedule</u> is used to calculate the cost of all the items produced during a given reporting period.

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<u>The formula to calculate the COGM i</u>s:

Add: Direct Materials Used

Add: Direct Labor Used

Add: Manufacturing Overhead

Add: Beginning Work in Process (WIP) Inventory

Deduct: Ending Work in Process (WIP) Inventory

= COGM

7 0
3 years ago
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