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gtnhenbr [62]
3 years ago
8

When considering the circular flow of economic activity​, households supply resources​ (inputs) such that the resources supplied

by the households may be thought of as being provided in individual markets. Which of the following accurately describes this​ statement?A. In the capital​ market, households loan accumulated savings to firms in exchange for labor income.B. In the capital​ market, households loan inherited savings to firms in exchange for claims on past profits.C. In the labor​ market, households earn wages by supplying labor to firms that demand it.D. In the land​ market, households supply land or raw materials in exchange for claims on future profits.
Business
1 answer:
tiny-mole [99]3 years ago
4 0

Answer:

C. LABOUR MARKET - HOUSEHOLDS EARN WAGES BY SUPPLYING LABOUR DEMANDED BY FIRMS

Explanation:

Circular flow of income (2 sector) involves REAL Flow and MONEY Flow exchange between households and Firms

* Households provide firms with Factors of Production (FOP) - Land , LABOUR , Capital , Entrepreneur [REAL FLOW]

for Returns to FOP - Rent , WAGES , Interest , Profit [MONEY FLOW]

* Firms provide goods and services to households [REAL FLOW]

for Prices from households to firms [MONEY FLOW]

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On January 8, the end of the first weekly pay period of the year, Regis Company’s payroll register showed that its employees ear
Len [333]

Answer:

1)

\left[\begin{array}{cccccc}$department&$salaries&OASDI&HI&SUTA&FUTA\\$office&22,760&1,411.12&341.4&280&42\\$sales&65,840&4,082.08&987.6&280&42\\\end{array}\right]

2) payroll expense entries:

payroll expense 2063.14

     Medicare payable       330.02

     Social Security  payable      1411.12

     SUTA                      280

     FUTA                        42

--------------------------------------------

payroll expense  5358.76

     Medicare payable         954.68

     Social Security  payable      4082.08

     SUTA                       280

     FUTA                         42

Explanation:

\left[\begin{array}{cccccc}$department&$salaries&OASDI&HI&SUTA&FUTA\\$office&22,760&1,411.12&341.4&280&42\\$sales&65,840&4,082.08&987.6&280&42\\\end{array}\right]

We apply for each department the tax rate. Notice SUTA and FUTA have a ceilling of 7,000 so we do not apply the rate to the whole amoung but, for the 7,000 ceiling.

8 0
3 years ago
16. Which Response core capability involves ensuring the capacity for timely communications in support of security, situational
il63 [147K]

Answer: Operational communication

Explanation: Operational communication is the core mechanism that is responsible for the on-time communication. This is based on the carrying out operations and tasks . This helps in the management of security , improving the awareness , guiding the task etc.

Usually internal operational communication is used in the organization for communicating and performing the tasks. It helps in maintaining the communication flow within a certain organization among all the departments.

3 0
4 years ago
What is the primary responsibility of oversight bodies (such as an irb or iacuc)?
mojhsa [17]

The primary responsibility of oversight bodies (such as an IRB or IACUC) is to assess legal-regulatory compliance, and if applicable, to protect research subjects.

Responsibility can also be used to describe Group responsibility. societal accountability for businesses. Duty. obligation to pay.

Being responsible entails carrying out your obligations and accepting the consequences of your decisions. A duty is something you are required to do. Being responsible means carrying out your obligations. Taking ownership of your actions means accepting both the credit and the blame for what you have done.

Three Categories of Responsibilities Every Business Owner Must Fulfil

  • environmental obligations.
  • obligations to comply.
  • Customer obligations.

Responsibility is crucial because it gives people a feeling of purpose and helps society develop resilience in the face of hardship. Like an addiction, avoiding responsibilities may feel wonderful in the short run, but it results in misery and suffering that is tenfold worse in the long run.

To learn more about Responsibility visit here:

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3 0
1 year ago
Nadell Corporation reported the following data for the month of AprilInventory Beginning Ending Raw Materials $30,000 $32,000 Wo
jeyben [28]

Answer:

COGS= $181,000

Explanation:

Giving the following information:

Beginning Finished Goods= $39,000

Ending Finished Goods= $53,000

Cost of goods manufactured= 234,000 - 39,000= $195,000

<u>To calculate the cost of goods sold, we need to use the following formula:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 39,000 + 195,000 - 53,000

COGS= $181,000

7 0
3 years ago
A sunk cost: Requires a current outlay of cash. Is the lost benefit of choosing an alternative course of action. Is irrelevant i
igor_vitrenko [27]

Answer:

Is irrelevant in decision making

Explanation:

Since the suck cost is the cost that no longer is recovered so it should not be a factor to consider when making a decision. For example, you have bought a cinema ticket for this evening, but it is heavily rainy so you may get sick if you go to the cinema. The fact that you have paid for this ticket should not consider whether to go or stay home since you can not get this amount of money no matter what happens.

5 0
3 years ago
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