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yawa3891 [41]
3 years ago
10

Explain how money (increased commerce) spent by tourists in the Macro Islands moves through the economy's circular flow diagram.

Make sure that each market and the government are included in your explanation.
Business
1 answer:
ella [17]3 years ago
4 0
<span> #1) Explain how money (increased commerce) spent by tourists in the Macro Islands moves through the economy's circular flow diagram.

Answer: Increased commerce spent by tourists in the Macro Islands moves through the economy’s circular flow diagram and will affect all portions of the Macro Island’s economy. First, the tourists that visit the Macro Islands will purchase goods from the product market, as a result it will form the product market. These purchased goods then go to the household where these goods will be used; this supports the product market. Here, the system branches off into three different directions: first, through the payment of taxes we reap government services; second, by investing our money in financial institutions, we sustain the financial market while collecting interest; third, because households provide resources like labor, we sustain the factor market and in return collect income. These three sections of the economy connect to businesses through government services, borrowing, and factors of production respectively. In the end the businesses provides foods and services to the product market to repeat this cycle.

<span>I hope it helps, Regards. </span></span>
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Wood Dreams makes hand crafted furniture in its retail stores. The furniture maker has recently installed a new assembly process
Sophie [7]

Answer: 204.76%

Explanation:

In the earlier scenario, furniture maker manufactured 47 (42 non defective) pieces per 5 laborers working 8 hours day.

Thus, the productivity in terms of units per labor hour is as follows:

= \frac{42}{8\times5}

= 1.05

Similarly, after the process improvement, the productivity in units per labor hour would be:

= \frac{128}{8\times5}

= 3.2

Thus change in productivity would be calculated as:

=\frac{3.2-1.05}{1.05}\times100

= 2.047 × 100

= 204.76%

Thus, the productivity of non defective parts would increase by 204.76%.

4 0
3 years ago
Shareholders of public companies need to appoint a board of directors to represent their interests because:_____.
Svetllana [295]

Shareholders of public companies need to appoint a board of directors to represent their interests because of the separation of ownership and control.

Today's board members are supposed to reflect a variety of independent viewpoints. Strategic monitoring and planning are the major responsibilities of a board of directors. Even though these phrases are frequently used, it's crucial to remember that these tasks constitute the foundation of effective company planning.

A board of directors serves much more than just as the organization's public face. When selecting new board members to fill open positions, boards often seek for specific traits. Board members anticipate that their other directors will be open to challenging and in-depth questioning that seek to examine all sides of an issue. Board members must be thoroughly informed about any significant issues that have an impact on the company. Because risks are multiplying and getting more complicated, identifying risks has become an essential component of the board job.

Learn more about Board of directors here brainly.com/question/16342939

#SPJ4

4 0
2 years ago
As the production planner for Xiangling Hu Products, Inc., you have been given a bill of material for a bracket that is made up
Klio2033 [76]
<h3>Explanation:</h3><h3>Part (a):</h3>

Solved part is attached as an image.

<h3>Part (b):</h3>

Let us first determine the amount required of each item to produce 1 bracket.

From the attached diagram, we can see that to manufacture 1 bracket, quantity of each item needed is,

Base = 1

Spring = 2

Clamp = 1 + 4 = 5

Housing = 2

Handle = (1 * 1) + (4 * 1) = 5

Casting = (1 * 1) + (4 * 1) = 5

Bearing = 2 * 2 = 4

Shaft = 2 * 1 = 2

Hence, for 50 Brackets, quantity of each item required will be,

Base = 1 * 50 = 50

Spring = 2 * 50 = 100

Clamp = 5 * 50 = 250

Housing = 2 * 50 = 100

Handle = 5 * 50 = 250

Casting = 5  * 50 = 250

Bearing = 4 * 50 = 200

Shaft = 2 * 50 = 100

<em>NOTE: The above quantities give exclusive quantities required for each item. In actual practice, we won't have to purchase base, clamp & housing separately as the will be assembled from their components which are already procured.</em>

<h3>Part (c):</h3>

As 25 bases are already in stock, parts for them will not be needed. I will refer the quantities subtracted due to this by indicating (B). Similarly, quantities subtracted due to clamps will be indicated as (C).

Base = 50 - 25 = 25

Spring = 50

Clamp = 250 - 100 - 25(B) = 125

Housing = 100 - (2*25)(B) = 50

Handle = 1 * 125 = 125

Casting = 1 * 125 = 125

Bearing = 2 * 50 = 100

Shaft = 1 * 50 = 50

6 0
3 years ago
Christopher works for Ocean Media Inc., a large corporation. His work requires him to travel extensively and, as a result, he sp
GREYUIT [131]

Answer:

A. moral hazard

Explanation:

Based on the information provided within the question it can be said that this scenario is perfectly exemplifying the term known as a moral hazard. This refers to when an individual takes more risks because someone else is bearing the costs. Such as in this scenario, Christopher is an employee and should be working on company tasks but instead works on his own projects because the company cannot check up on him, which is morally wrong and he can get fired for it.

3 0
3 years ago
How many months will it take to pay off a $470 debt, with monthly payments of $20 at the end of each month, if the annual intere
amm1812

Answer:

28 month (approx)

Explanation:

Given

Present value = $470

Monthly Payment = $20

Interest Rate = 15% annual = 15% / 12 = 1.25% monthly

                                                             =0.0125

<h3>Present Value = PMT [\frac{1-(1+i)^{-n}}{i}] \\470 = 20 [\frac{1-(1+0.0125)^{-n}}{0.0125}]\\470/20 = [\frac{1-(1+0.0125)^{-n}}{0.0125}]\\23.5 \times 0.0125 =1-(1+0.0125)^{-n}\\1-0.29375= (1+0.0125)^{-n}\\0.70625 = (1+0.0125)^{-n}\\0.70625 =(1.0125)^{-n}\\0.70625= \frac{1}{(1.0125)^{n}}\\(1.0125)^{n}=1.4159292\\n=28(approx)</h3><h3 />
5 0
3 years ago
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