<span>We understand that bankruptcy is not always a result of poor money management; financial hardship can result all too easily from unforeseen circumstances such as a serious injury or illness, divorce, or job loss. Declaring bankruptcy is nothing to be ashamed about.</span>
Answer: a. The firm must purchase lumpy assets to achieve the increase in sales.
Explanation:
EvenFlo Pipes needs to sell more pipes in order to see an increase in sales. Assuming they are the producers, they will need to produce more pipes than they have been doing and this will need them to increase their production capacity.
To do so they would have to invest in fixed assets as these are what produce pipes. This is why the firm will have to purchase lumpy assets that will help them produce and sell more pipes.
Answer:
$300 has been reduced from the money supply.
Explanation:
The taxes act as leakage from the circular flow of money. Unless they are spent and injected back as government spending they would be treated as a leakage that has left the circular flow.
Similar effect happens with the savings amount. A saving is a leakage and thus the remaining amount which is $20 after paying for golf clubs and taxes can also be said to have left the circular flow of income and so reducing money supply.
$100 of the original $400 is still left in the flow and money supply as it is still in the checking account after the transaction.
Hope that helps.
Answer:
establishment of responsibility
Explanation:
One of the principles of control activities is establishment of responsibility. This establishment of responsibilty means that an employee is meant to have a level of responsibilty for his work as well as decisions taken.
From the question, it can be seen that the use of one register by three worker working diffeent shifts ensure a lack of responsibilty on the part of the workers. This is because if each of the workers had seperate registers for entering customer check out, there would be more responsibilty from the workers in discharging their duties as any mistakes will be owned by each worker.
Cheers.
It would be $303.60 simple interest earned
