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worty [1.4K]
3 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]3 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]3 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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Identify the importance of accounting by selecting the statement that is correct below. Multiple choice question. Accounting inf
Zielflug [23.3K]

Answer:

Accounting information helps users make business and financial decisions.

Explanation:

Users of accounting information are divided into :

  1. Internal users
  2. External users

Internal users include : owners, managers, employees

External users include : shareholders, tax authority, regulatory bodies

Based on the information contained in the financial information a shareholder can decide if to invest in a company or not to.

Also, mangers can decide to invest in new ventures based on the information on profitability contained in the financial statements.

6 0
3 years ago
What type of planning is conducted by the organization to prepare for, react to, and recover from events that threaten the secur
sattari [20]

Answer:

Contingency plan.

Explanation:

Contingency plan is a plan conducted by an organization to prepare for , react to and recover from events that threaten the security of information and information assets in the organization , and the subsequent restoration to normal modes of business operations.

It prepares the organization for any potential risk , as response to such risk will be fats and timely , and consequently , loss are minimized.

4 0
3 years ago
Sandhill Company had cash receipts from customers in 2020 of $117,140. Cash payments for operating expenses were $104,320. Sandh
andriy [413]

Answer:

(a) service revenue = $117,920

(b) operating expenses = $98,110

Explanation:

The computations are shown below:

a. For service revenue

= Cash receipts from customers + ending balance account receivable - beginning balance of accounts receivable

= $117,140 + $15,400 - $14,620

= $117,920

b. For operating expenses

= Cash payments for operating expenses + beginning balance of prepaid expense - ending balance of prepaid expense

= $104,320 + $20,400 - $26,610

= $98,110

3 0
3 years ago
an accountant is 40 years old and has an anticipated retirement age of 70 years old. the accountant plans to save $6,000 per yea
liq [111]

The accountant have upon retirement $336,509.63

What is the future value of an annuity?

The accumulated balance in the accountant's retirement account upon retirement is the future value of $6,000 invested for 3 years earning 4% annual rate of return using the future value formula of an ordinary annuity as shown  below:

FV=PMT*(1+t)^N-1/r

FV=accumulated balance after 30 years=unknown

PMT=annual investment=$6,000

r=rate of return=4%

N=number of annual investments in 30 years=30

FV=$6000*(1+4%)^30-1/4%

FV=$336,509.63

Find out more about future value on:brainly.com/question/20910838

#SPJ1

6 0
1 year ago
Which of the following is NOT a useful strategy when making an informed purchase?
nasty-shy [4]
The answer to this question is B
8 0
2 years ago
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