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lutik1710 [3]
4 years ago
8

Suppose Cho earns $625 per week working as work as a flight attendant for Flyaway Airlines. She uses $8 to buy a box of aspirin

at Pillmart Pharmacy. Pillmart Pharmacy pays Bob $200 per week to work the cash register. Bob uses $150 to purchase air travel to Hawaii from Flyaway Airlines. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Factor Market Product Market Bob spends $150 to purchase air travel to Hawaii from Flyaway Airlines. Bob earns $200 per week working for Pillmart Pharmacy. Cho earns $625 per week working for Flyaway Airlines. Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. Check all that apply. The aspirin Cho receives Cho's labor The $200 per week Bob earns working for Pillmart Pharmacy The $150 Bob spends to purchase air travel to Hawaii from Flyaway Airlines
Business
1 answer:
lutik1710 [3]4 years ago
5 0

Answer:

Identify whether each of the following events in this scenario occurs in the factor market or the product market.

Suppose Cho earns $625 per week working as work as a flight attendant for Flyaway Airlines.

  • Factor market

She uses $8 to buy a box of aspirin at Pillmart Pharmacy.

  • Product market

Pillmart Pharmacy pays Bob $200 per week to work the cash register.

  • Factor market

Bob uses $150 to purchase air travel to Hawaii from Flyaway Airlines.

  • Product market

Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. Check all that apply.

  • Cho's labor
  • The $150 Bob spends to purchase air travel to Hawaii from Flyaway Airlines

Product markets basically refer to transactions involving goods and services purchased by consumers. Factor market involve factors of production, e.g. labor and capital.

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vlabodo [156]

Answer:

a) Business ethics.

Explanation:

Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual”s actions also apply to business. Acting in an ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice.

Falsifying drug manufacturers’ reports to the Food and Drug Administration is a felony and is "Wrong"

5 0
4 years ago
Mr. and Mrs. Frazier are legally married and realized a $723,000 gain on sale of a home that had been their principal residence
alexgriva [62]

Answer: $223,000 long-term capital gain.

Explanation:

LEGALLY MARRIED couples who file a JOINT TAX RETURN, selling their Place of PRIMARY RESIDENCE are allowed to reduce by $500,000, their Long-term capital gain.

That means that Mr. and Mrs. Frazier, bless their souls, are allowed to remove $500,000 from the total $723,000 and as such recognize only $223,000 as tax consequence on long-term capital gain.

I guess Uncle Sam likes marriages.

If you need any clarification do react or comment.

4 0
3 years ago
Investment interest expense includes:interest expense from loans to purchase municipal bonds and interest expense from loans to
Romashka [77]

Investment interest expense includes interest expense from loans to purchase municipal bonds.

<h3>What is Investment?</h3>

The dedication of an asset to achieve an increase in value over time is referred to as investment. Investment necessitates the sacrifice of a current asset, such as time, money, or effort. The goal of investing in finance is to generate a return on the invested asset.

Income investing is an investment strategy that focuses on constructing an investment portfolio that is specifically designed to generate regular income. The income investing strategy's sole goal is to generate a consistent stream of income.

The type of investor you are and how you should make investments are determined by your investing personality. Your investing personality is essentially your financial risk profile, which considers factors such as age, financial history, circumstances, and investment goals.

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8 0
2 years ago
If a company fails to record accrued interest revenue at the end of its fiscal year, all else being equal, what are the effects
Rina8888 [55]

Answer:

Net income: Understated

Total assets: Understated

Total liabilities: No effect

Total stockholders' equity: No Impact

Explanation:

Net income will be understated, because, revenue was not accrued.

Total assets will also be understated, because accrued revenue is not recorded in the current assets, thus total assets will be lowered in total.

4 0
3 years ago
An income statement under absorption costing includes all of the following: (You may select more than one answer. Single click t
Vinvika [58]

Answer:

An income statement under absorption costing includes all of the following:

Direct materials

Direct labor

Variable overhead

Fixed overhead

Explanation:

The difference between the income statement under the absorption costing system and the income statement under the variable costing system is in how the cost of goods sold and the ending inventory are evaluated.  Whereas, absorption costing includes all the costs incurred in determining these costs, variable costing only includes the variable costs in the cost of goods sold and the ending inventory.

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3 years ago
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