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alukav5142 [94]
3 years ago
13

One person’s spending becomes another person’s income. This statement is

Business
1 answer:
Paha777 [63]3 years ago
8 0

Answer:

d. the Circular Flow Model

Explanation:

Based on the information provided within the question it can be said that this statement is an example of the Circular Flow Model. This model (like mentioned in the question) illustrates the flow of cash from different people or company's in different industries. Where one person/company pays another, which takes it in as income and uses that to pay another company for what they need and so on.

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Which two features of quickbooks online advanced are not available to quickbooks online plus clients
vesna_86 [32]

Answer:

the techniques and the earth

Explanation:

so basically those techniques help you

8 0
3 years ago
Read 2 more answers
For each separate situation, indicate whether Cruz Company should (a) record a liability, (b) disclose in
ratelena [41]

Answer:

Cruz Company

Indicating whether to (a) record a liability, (b) disclose in notes, or (c) have no disclosure.

Transaction                                                        Remark

1.  Guarantee of supplier's debt                  (c) have no disclosure

2. Damages for disgruntled employee      (b) disclose in notes

Explanation:

When it is not probable that the supplier whose debt is guaranteed by Cruz will default on the debt, there is no need to make a disclosure since probable liability is not accruing to Cruz.  But with the legal case of a disgruntled employee, Cruz should disclose the information in a note.  It can only be recorded as a liability when the amount of the damages can be reasonably estimated.

8 0
3 years ago
Identify values of, P, r, n, and t for the following compound interest problem and use those values and the following compound i
Crank

P, r, n, and t for the following compound interest problem and use those values and the following compound interest balance function :- p=20 , r=8 , n=64 , t=4 year

what is compound interest?

Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit. It occurs when interest is reinvested, or added to the loaned capital rather than paid out, or when the borrower is required to pay it, so that interest is generated the next period on the principal amount plus any accumulated interest. In finance and economics, compound interest is common.

In contrast to simple interest, which does not compound since past interest is not added to the principal for the current period, compound interest allows interest to build over time. The interest per period multiplied by the number of periods in a year yields the simple annual interest rate.

To learn more about compound interest with the help of given link:

brainly.com/question/18456266

#SPJ4

7 0
2 years ago
You have determined that you will need to accumulate​ $1,000,000 in your retirement account in order to cover your inflation adj
spayn [35]

Answer:

$3,860 will be needed to put into a tax-deferred retirement account every year if you plan on retiring in 40 years

Explanation:

Use Following formula to calculate the monthly payment required.

FV = P x [ ( ( 1 + r )^n ) - 1 ) / r ]

FV = Future Value = $1,000,000

R = RATE OF RETURN = 8%

N = NUMBER OF YEARS = 40 YEARS

P = Monthly Payment

$1,000,000 = P x [ ( ( 1 + 0.08 )^40 ) - 1 ) / 0.08 ]

$1,000,000 = P x [ ( ( 1.08 )^40 ) - 1 ) / 0.08 ]

$1,000,000 = P x 259.06

P = $1,000,000 / 259.06

P = $3,860.16

7 0
3 years ago
Moss County Bank agrees to lend the Allenson Brick Company $200,000 on January 1. Allenson Brick Company signs a $200,000, 6%, 9
horrorfan [7]

Answer:

  • The entry made by Allenson Brick Company on January 1 to record the proceeds and issuance of the note is

b. Cash 200,000

Notes Payable 200,000

Explanation:

At the moment the company receive the money it must reflect the movement with an entry to the balance sheets, which is , a debit entry to the Cash accounts by the amount received and a credit entry to Note Payable accounts reflecting the liabilities that the company will have from now.

The interest expenses are recorded at the moment of the interest are paid which is in 9 months from now.

3 0
3 years ago
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