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2 years ago

A factor critical to economic growth is?

Business

1 answer:

Elan Coil [88]2 years ago

7 0

Factor critical to economic growth are:

growth in physical capital.
an increase in the availability of natural resources.
an increase in the productivity of labor.

<h3>What is economic growth?</h3>

Economic growth is an increase in the production of goods and services on a comparative basis between two periods of time. It can be calculated in nominal or real (inflation-adjusted) terms. Although other metrics are also employed, gross national product (GNP) or gross domestic product (GDP) are the most common ways to quantify overall economic growth.

Most economists concur that four factors—human resources, physical capital, natural resources, and technology—have an impact on economic development and growth. Governments in highly developed nations prioritize these issues.Even nations with abundant natural resources that are less developed will fall behind if they do not advance technological innovation and raise the level of education and competence of their workforce.

Learn more on economic growth here:

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On March 31, Oscar Corp. changes from the LIFO to the FIFO method. Its financial statement notes indicate that beginning invento

velikii [3]

Answer:

The journal entry should be:

Dr Merchandise Inventory account 50,000

Cr Retained Earnings account 50,000

Explanation:

Since Oscar's merchandise inventory was understated by $50,000 because of the previous inventory method (LIFO), when the new method, FIFO, starts to be used then the merchandise inventory must increase by $50,000 as well as retained earnings.

Merchandise inventory is an asset account and it increases, therefore it should be debited.

Retained earnings is an equity account and it increases, therefore it should be credited.

3 0

4 years ago

Why might a stock at any point in time not be in equilibrium?

WITCHER [35]

<span>A stock may at any point in time not be in equilibrium because the supply and demand of a commodity fluctuates depending on economic factors such as employment, income, and general financial confidence of consumers. This is always changing.</span>

5 0

4 years ago

1. Use a financial calculator or computer software program to answer the following questions:

netineya [11]

Answer:

a. $66,889.63

b. $107,726.42

Explanation:

We use the Present value function that is to be reflected on the attachment

a. In the first case

Data provided in the question

Future value = $450,000

Rate of interest = 10%

NPER = 20 years

PMT = $0

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $66,889.63

b. In the second case

Data provided in the question

Future value = $450,000

Rate of interest = 10%

NPER = 20 years

PMT = $0

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $107,726.42

3 0

3 years ago

What are some of your strengths areas? Think about the top 2/3 skills you would advertise about yourself, consider what others c

horsena [70]

Answer:

Some of my strength areas are trustworthiness, creativity and solving problems, leadership and organization, analytical skills, determination, and empathy.

Explanation:

Every person's core strengths or skills should fall into these three main areas: personal, play, and work. Personal skills deal with the fundamental skills that give the background to every activity that a person undertakes. Play skills define the human interaction and relationship with others. Work skills specify one's attitude to work and how a person achieves her goals in the work environment.

8 0

3 years ago

Parido Corporation has two manufacturing departments--Casting and Assembly. The company used the following data at the beginning

Ivan

Answer:

Allocated MOH= $26,372

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total fixed overhead= 48,200

Total variable overhead= (1.9*8,000) + (3*2,000)= $21,200

Predetermined manufacturing overhead rate= (48,200 + 21,200) / 10,000

Predetermined manufacturing overhead rate= $6.94 per machine hour

<u>Now, we can allocate overhead to Job H:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 6.94*(2,600 + 1,200)

Allocated MOH= $26,372

8 0

3 years ago