Week 1-Discussion 1-Circular Flow Diagram To first explain how the circular flow diagram relates to the current economic situation‚ one must realize that the two‚ three‚ and four sector models no longer apply to the United States any more. Only the five sector model currently applies. The five sector model of the circular flow of income is a more realistic representation of the economy and has a more definitive look as to what and how economics really is in the world. In the more simplistic two
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2013). The location of this economic actor in the circular flow diagram is the firm sector (a). General Mills produces goods and services to be sold to consumers (households) such as cereal‚ yogurt‚ meals‚ and snacks. A household (b) generates a payment to General Mills for their products (c) and General Mills receives a return flow of money from the household (d). These two initial transactions start the “circle” of the circular flow diagram. Once General Mills process the payment‚ they then
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Here in Groom‚ Texas‚ Pokemon Go has a multitude of glitches in its GPS (Global Positioning System) with its Pokestopes and Pokemon Gyms. First things first‚ Pokemon Go‚ an app created by Niantic - The Pokemon Co.‚ imports Pokemon into the world virtually for you to catch and level up yourself . The game‚ which came out July 5‚ allows you to discover exciting Pokemon in your area from generation 1 of 6. You can start off the game by learning about the Pokemon in your town and choosing your starter
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his homework‚ but he could only receive if someone offered something to him. Joe decided to stay late and send Gus home (showing how he had changed within the past week from a go-getter‚ to a go-giver‚ he let Gus leave instead of himself.) Typically Joe would not be at work at 6:15 on a Friday‚ but since he was a go-giver‚ he found himself there when his phone rang. The laws Joe put into place throughout the week had come back to help him complete the last law of receiving. Neil Hansen‚ a
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Chemalite‚ Inc. Bennett Alexander is correct when he believes that things are going well. The point to this case study is to explain to the stockholders in Chemalite‚ Inc. that the new business is in fact a good investment. Mr. Larson (stockholder with little business experience) states‚ “…six months ago‚ we had $375‚000 and now we have $230‚000. By my reckoning‚ we’ve managed to lose $145‚000 in six months and haven’t much to show for it.” Before Mr. Larson ever invested‚ a professional
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Income Statement - 1H03 A B 1 Chemalite‚ Inc. 2 Income Statement from January 1‚ 2003 to June 30‚ 2003 3 4 Sales $0 5 Cost of Sales $0 6 Gross Profit $0 7 Depreciation Expenses $0 8 Operating Expense ($7‚500) 9 Net Income ($7‚500) 10 Cash Flows - 1H03 A B 1 Chemalite‚ Inc. 2 Cash Flows Statement from January 1‚ 2003 to June 30‚ 2003 3 4 Cash flows from Operating Activities 5 Cash collections $0 6 Cash payments for purchases ($75‚000) 7 Cash payments for
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Executive Summary: The case‚ based on the company Blinds to Go‚ emphasizes the importance of staffing in stores as they expand to meet their growth objectives. Being a manufacturer and retailer‚ with a unique sales model - 100% commission based and focus on customer service gave the company an advantage over its competitors. According to the senior management Quality of staff was paramount and hence their original compensation system motivated best performance and fostered a high energy
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Circular Flow of Economic Activity (Four Sector Model) Introduction To analyze an economy as a whole economists developed different models. The significance of these economic models enable us to understand the economic activities more vividly. For this purpose an economy can be classified in to four major sector. Which includes households‚ firms‚ government and foreign sector or external sector. There is a simple model which constitute two sectors‚ that is households and firms. Its working can be
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Statement of cash flows Cash is the blood of a business – it has to flow evenly. Holding plenty of cash is never a bad thing but there are exceptions to this as well. On the other hand‚ too much outflow in one area is the equivalent of getting shot and seeing blood pour out from the hole. The basic and key idea is that cash is what a company needs to be healthy and generate earnings. What Is Statement of Cash Flows? The Statement of Cash Flows (SCF) is distinct from the Statement of Comprehensive
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