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worty [1.4K]
4 years ago
5

John buys a toy plane from a toy store. The money he pays the store _______ the economy through ________ and the taxes paid by t

he store.
Business
2 answers:
ololo11 [35]4 years ago
8 0

 John buys a toy plane from a toy store. The money he pays the store <u>is injected back into</u> the economy through <u>the employee's wage </u>and the taxes paid by the store.

Katena32 [7]4 years ago
3 0

Answer:

The correct answers would be, Injected Back into the economy and Employees' wages.

Explanation:

John buys a toy plane from a toy store. The money he pays the store is injected back into the economy through Employees' wages and the taxes paid by the store.

This is how economies work. The money that a company puts in making a product is got back by selling the products. Consumers pay to buy the products, and that money goes back into the economy through employees' wages and the taxes paid by the store. As the store owners use this profit money to give salaries of the employees and pay taxes. Employees use their wages or salaries to spend on their needs. Thus this money eventually reach back into the economy.

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Pfister Corporation has Long-term Assets of $485,000, Current Liabilities of $150,000, Long-term Liabilities of $220,000 and Own
Stels [109]

Answer:

$205,000

Explanation:

Total liabilities=current liabilities+long-term liabilities

total liabilities=$150,000+$220,000

total liabilities=$370,000

total owners'equity plus liabilities=$320,000+$370,000=$690,000

long-term assets+current assets=liabilities+owners'equity

long-term assets=$485,000

current assets are unknown

liabilities+owners'equity=$690,000

let CA represent current assets

$485,000+CA=$690,000

CA=$690,000-$485,000

CA=$205,000

3 0
3 years ago
Accrued salaries owed to employees for October 30 and 31 are not considered in preparing the financial statements for the year e
alexgriva [62]

Answer:

Indication of items erroneously stated on:

A) the income statement for the year

Salaries Expense will be understated.

Therefore, the Net Income will be overstated.

B) the balance sheet as of October 31:

Salaries Expense Payable (current liabilities) will be understated.

Explanation:

When accrued salaries are not accounted for in the financial statements for an accounting period, it means that the revenues generated for that period are not being matched with the expenses incurred in generating the revenues.  Such omission does not agree with the accrual concept and the matching principle of generally accepted accounting principles.  These require that expenses are accrued whether paid for or not, and that expenses are matched to the period's revenue since they are necessarily incurred in generating such revenue.

7 0
3 years ago
Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the com
lozanna [386]

Answer:

D) $7,000 negative

Explanation:

<em>What amount of net cash flow would be shown in the financing section of the statement of cash flows?</em>

<em />

Amount of net cash flow to be shown in the financing section of the statement of cash flows = Decrease in Account payable - Increase in accrued liabilities + Borrow of new  long term notes payable - Repayment of long term notes payable

= -$2,000 + $1,000 + $34,000 - $40,000

= -$7,000

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3 years ago
A company has two departments and allocates all overhead costs based on department revenues. The following information applies:
mixas84 [53]

Answer:

425,000

Explanation:

I'm not sure I just added the two together?

7 0
3 years ago
The Fourteenth Amendment was enacted to address the wrongs of _____.
Gnom [1K]
<span>states infringing on citizens' rights

</span>
3 0
4 years ago
Read 2 more answers
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