TenToTheHundred (TTT) is a leading provider of website search services. Every year, customers spend $160 billion on their services. TTT sells some of its services directly to consumers, but then also uses another company called RetailerInc to sell services. RetailerInc generates $40 billion worth of sales, while the remaining is generated by TTT selling directly to consumers. RetailerInc pays 70 percent of its revenue to TTT, and TTT pays $52 billion to its suppliers.

a. Draw out in a diagram how much value is added by each player in the example above.
b. How much value to the production process does TTT add?
c. How much value to the production process does the RetailerInc add?
d. How much value to the production process do the suppliers add?

Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce million pairs per week, and the country that produces corn will produce million bushels per week.

Exercise 12-7 shown below are comparative balance sheets for flint corporation. flint corporation comparative balance sheets december 31 assets 2017 2016 cash $ 201,348 $ 65,142 accounts receivable 260,568 225,036 inventory 494,487 559,629 land 236,880 296,100 equipment 769,860 592,200 accumulated depreciation—equipment (195,426 ) (94,752 ) total $1,767,717 $1,643,355 liabilities and stockholders’ equity accounts payable $ 115,479 $ 127,323 bonds payable 444,150 592,200 common stock ($1 par) 639,576 515,214 retained earnings 568,512 408,618 total $1,767,717 $1,643,355 additional information: 1. net income for 2017 was $275,373. 2. depreciation expense was $100,674. 3. cash dividends of $115,479 were declared and paid. 4. bonds payable amounting to $148,050 were redeemed for cash $148,050. 5. common stock was issued for $124,362 cash. 6. no equipment was sold during 2017. 7. land was sold for its book value. prepare a statement of cash flows for 2017 using the indirect method.