The circular flow model is a crucial component of economics that shows how firms and households depend on each other to keep the economy healthy.
1. Describe the type of exchanges that are made between firms and households in the
product market. Then, to illustrate your description, provide a specific example of an
exchange that might occur between a firm and a household in the product market. (1
point for the description, 1 point for the example)
2. Describe the type of exchanges that are made between firms and households in the
factor market. Then, to illustrate your description, provide a specific example of an
exchange that might occur between a firm and a household in the factor market (1 point
for the description, 1 point for the example)

What two elements normally must exist before a person can be held liable for a crime

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4