Answer:
Productive Resources Owners : Households
Resources : Land, Labour, Capital, Entrepreneur [paid rent, wages, interest, profit]
Explanation:
Simple (Two Sector) Circular Flow of Income : shows how receipts & payments for factor services, goods & services revolve within two sectors of economy.
Here, the two sectors are :
- Households : Owners of factors of production & consumers of final goods & services
- Firms : Buyers of factors of production & providers (sellers) of final goods & services
Households provide firms with factors of production : Land, Labour, Capital, Entrepreneur. In return, firms pay them with respective factor payments : Rent, Wages, Interest, Profit. They produce final goods & services by utilising the productive factors.
Firms sell these final goods & services to households. In return, households pay them prices for the for their purchased goods & services, through the factor incomes they had earned from firms.
B. Keep surfaces clear
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I hope its the right answer....If its not I'm sorry, but I hope it helps!
Answer:
B. the par value of all capital stock issued
Explanation:
The legal capital is best defined as the par value of all capital stock issued
Answer:
Days sales in raw materials inventory = 17.03 days
Explanation:
Given that;
Sales = $750,000
Raw materials used = $300,000
Ending raw materials inventory = $14,000
Beginning inventory = $10,000
Days sales in raw materials inventory =
Ending raw materials inventory ÷ raw materials used × 365
= ($14,000 ÷ $300,000) × 365
= 17.03 days