Answer:
C. It shows how households and firms exchange money, resources, and products in the marketplace.
Explanation:
the diagram of circular flow, shows the graphical representation of the exchange of goods, services and money between households and companies, where both parties interact in a reciprocal manner in terms of what they offer and receive. in order to generate the flow of the economy.
Answer: Please see answers in explanation column
Explanation:
a)Total Labor Cost for Job 200 = Labor Hours x Direct labor rate
= 2,500 x $ 28
= $ 70,000
b)Total Labor Cost for Job 305 = Labor Hours x Direct labor rate
= 3,000 x $ 24
= $ 72,000
Labor Cost for Job 200 and Job 305 during May = $ 70,000 + $ 72,000
= $ 142,000
Date Account Titles and Explanation Debit Credit
May 31st Work In Progress $142,000
Wages Payable $ 142,000
Answer:
interest expense for the first semiannual interest period and subsequent: 3,965.3 dollars
Explanation:
face value 94,000
proceeds 91,947
discount 2,053
under straight-line method the discount amortization will be equally distributed among the payment
2,053 / 10 payment dates = 205.3
Then, we have to add the cash outlay in favor of the bondholders:
94,000 face value x 8% coupon rate / 2 payment per year = 3,760
Total interest expense: 3,760 + 205.3 = 3,965.3
The American enterprise is driven by the desire for profit. <span>The desire for profit is what fuels free enterprise and capitalism.
</span>Basic principles of the free enterprise are profit motive (t<span>he force that encourages people and organizations to improve their material well-being)</span>, open opportunity (the concept that everyone can compete in the marketplace)<span> and economic rights.
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The correct answer is Choice C.
All people and situations are different, which is what choice c is indicating. The correct answer is that not all techniques work well for all people in all situations.