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2 years ago

Is/are also called factors of production since they are transformed into output during the production process?

1 answer:

6 0

Land, labor, entrepreneurship and capital are called factors of production since they are transformed into output during the production process.

Factors of production are needed for the production of goods or a service.

Land as a factor of production include the every type of land and the various goods received from it such as oil, gold etc. It can be agricultural land to any real estate commercial land.

While defining labor as factor of production we use their potential to work.

Capital includes money used for performing various functions of production. It is the primary driver of the production.

Entrepreneurship is that element which combines all other factors of production to form a single product or service.

To know more about factors of production here:

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Use this formula to help solve the problem.

Sindrei [870]

$2,000 i think it is

7 0

3 years ago

On November 1, 2021, Aviation Training Corp. borrows $48,000 cash from Community Savings and Loan. Aviation Training signs a thr

mixas84 [53]

Answer:

Explanation:

The journal entries are shown below:

(A) Cash A/c Dr $48,000

To Notes payable A/c $48,000

(Being note is issued for cash)

(B) Interest expense A/c Dr $480

To Interest payable A/c $480

(Being accrued interest adjusted)

The computation is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)

= $48,000 × 6% × (2 months ÷ 12 months)

= $480

The 2 months is calculated from November 1 to December 31

Interest payable A/c Dr $480

Notes payable A/c Dr $48,000

To Cash A/c $48,720

(Being cash is paid on maturity)

The computation is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)

= $48,000 × 6% × (1 months ÷ 12 months)

= $480

The 1 months is calculated from December 31 to January 31

8 0

3 years ago

____________the market school aruges that forward exchange rates do the best possible job for forecasting future spot exchange r

rjkz [21]

Answer:

Efficient market school.

Explanation:

Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.

The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.

Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.

<em>Hence, according to the efficient market school it would be a waste of time investing in exchange rate forecasting services because all the information about an asset or security is already factored into their prices and as a result of the randomness of the market. </em>

8 0

3 years ago

Accounts receivable from sales to customers amounted to $40,000 and $32,000 at the beginning and end of the year, respectively.

natima [27]

Answer:

a. $118,000

Explanation:

When preparing a cash flow statement, using indirect method we add decrease in current assets and we deduct increase in current assets.

Here it is provided that income reported = $110,000

Opening balance of accounts receivables = $40,000

Closing balance of accounts Receivables = $32,000

Change in Accounts receivables = Closing - Opening = $32,000 - $40,000 = - $8,000

Therefore there is decrease in accounts receivables which is a current asset.

Thus Cash Flow from operating activities

Net Income = $110,000

Add: Decrease in current assets = $8,000

Net cash flow from operating activity = $118,000

Correct option is

a. $118,000

6 0

3 years ago

Functions of Financial Markets. Look back at Section 2.3 and then answer the following questions: (LO2-3) a. The price of Yum! B

Aleonysh [2.5K]

Answer:

It seems that someinformation is missing, nevertheless, it is possible to calculate the market value of the firm if you have the total number of shares.

Explanation:

In this case, if the question says that the "outstanding shares" haven't changed, it means that the total number of shares neither, therefore it is possible to get the market value by multiplying $180 (the stock price for 1 share) per the total number of shares

5 0

3 years ago