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3 years ago

Which statement best describes the relationship between businesses and other parts of the circular flow of goods?

Business

2 answers:

loris [4]3 years ago

3 0

The answer is d sorry if it wrong

svetlana [45]3 years ago

3 0

Answer:

C. businesses create the goods that product markets sell.

Explanation:

Correct for APEX

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The following information is provided for Sacks Company before closing entries. Cash $ 12,000 Supplies 4,500 Prepaid rent 2,000

RideAnS [48]

Answer:

b. $78,500

Explanation:

Assets

Equipment $65,000

Cash $12,000

Supplies $4,500

Prepaid rent $2,000

Total Assets $83,500

Equity and Liabilities

Common stock $68,000

Retained earnings $10,500

Total Equity $78,500

Accounts payable $5,000

Total Equity and Liability $83,500

*Working

Net Profit = Service revenue - Salaries Expenses - Miscellaneous expenses

Net Profit = $30,000 - $4,500 - $20,000 = $5,500

Total retained Earning = $8,000 + $5,500 - $3,000 = $10,500

5 0

3 years ago

Because transit tends to be congested in this country, many people prefer to shop in their local neighborhoods. They tend to go

marta [7]

Answer: A few large flagship stores located in big cities; High-end pricing( Option A and D)

Explanation:

Because the people in this country usually shop close to their home, it would not be wise for a business to opt for few large flagship stores rather than a larger number of the smaller stores.

It would also be unwise for such business to sell mainly high-end products because the shoppers are used to good deals and haggling. Such company would be smart, to sell the products individually, because bulk purchases would make little sense for people that make frequent trips to the store.

Also, in a country with a congested transportation, an easy-to-access store locations will be important and having product experts on the floor who answers the questions of customers’ would appeal to network-oriented local culture.

3 0

3 years ago

Oaktree Company purchased new equipment and made the following expenditures:

const2013 [10]

Answer:

Cr. Dr.

Equipment $66,880

Account Payable $62,600

Cash $4,280

Explanation:

All the costs incurred to make asset usable should be capitalised.

Equipment Cost = Purchase Price + Sales Tax + Freight Charges + Insurance Charges + Installation

Equipment Cost = $59,000 + $3,600 + $840 + $1,040 + $2,400

Equipment Cost = $66,880

4 0

3 years ago

In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches childre

Step2247 [10]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

6 0

3 years ago

Variable Costing Marley Company has the following information for March: Sales $912,000 Variable cost of goods sold 474,000 Fixe

elixir [45]

Answer:

(a) $438,000

(b) $199,900

Explanation:

(a) Manufacturing margin:

= Net sales - Variable cost of goods sold

= $912,000 - $474,000

= $438,000

(b) Contribution margin:

= Manufacturing margin - Variable selling and administrative expenses

= $438,000 - $238,100

= $199,900

= Contribution margin - Fixed selling and administrative expenses - Fixed manufacturing costs

= $199,900 - $54,700 - $82,000

= $63,200

8 0

3 years ago