The five sector model aka the circular flow of income
A certain portion of the company’s profits is given to the government in the form of taxes. In some cases, Apple may benefit from government programs or subsidies, so part of these tax dollars may indirectly benefit Apple. Explain, using a circular flow diagram, the real flow of goods and services, resources, and money through […]
How to Read & Understand a Balance Sheet
The shareholder equity section displays the company’s retained earnings and the capital that shareholders have contributed. For the balance sheet to balance, total assets should be equal to the combined total of liabilities and shareholder equity. The balance sheet includes information about a company’s assets and liabilities, and the shareholders’ equity that results. These things might […]