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3 years ago

What are the factors of production

1 answer:

8 0

In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function. There are three basic resources or factors of production: land, labor, and capital. The factors are also frequently labeled "producer goods or services" to distinguish them from the goods or services purchased by consumers, which are frequently labeled "consumer goods

So The answer is C

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The difference between a secured loan and an unsecured loan is blank

ella [17]

A secured loan has claim on assets in case the lender defaults. For example, a home buyer takes out a loan (secured against the home) with a bank to buy home. If the home buyer can't make repayments (or even goes bankrupt), the bank can sell the home to recover their lost money.

An unsecured loan does not have claim on any assets. All else being equal, an unsecured loan has higher interest rate.

4 0

3 years ago

In 2020, Quapau Products introduced a new line of hot water heaters that carry a one-year warranty against manufacturerâs defect

wariber [46]

Answer:

$18,000

Explanation:

The computation of the warranty expense for the year 2021 is shown below:

Estimated warranty expense = Actual Sales × Actual claims percentage

= $450,000 × 4%

= $18,000

We simply multiplied the actual sales with the percentage of the actual claim so that the estimated warranty expense could come and the same is shown above

6 0

3 years ago

An investment of $115 generates after-tax cash flows of $50 in Year 1, $90 in Year 2, and $150 in Year 3. The required rate of r

WINSTONCH [101]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

An investment of $115 generates after-tax cash flows of $50 in Year 1, $90 in Year 2, and $150 in Year 3.

Rate of return= 20%

To calculate the present value, we need the following formula:

NPV= -Io + ∑[Cf/(1+i)^n]

Cf= cash flow

Io= 115

Cf1= 50/ 1.20= $41.67

Cf2= 90/1.2^2= $62.5

Cf3= 150/1.2^3= $86.81

NPV= -115 + (41.67 + 62.5 + 86.81)

NPV= $75.98

6 0

4 years ago

Find the missing data. CINNAMON AND SPICE, INC. Income Statement For the Year Ended December 31, Year 3 Revenues Sales Revenue $

sveta [45]

Answer:

Total revenues are $3,810,200, other selling and administrative expenses are $1,051,500, and net income is $364,600.

Explanation:

The sum of both revenues will be the total revenue.

Revenues Sales Revenue $ 3,000,000

Service Revenue 810,200

Total Revenues 3,810,200

From the total expenses, we subtract all the know expenses to get S&A expenses:

Total Expenses 3,445,600

Expenses Salaries and Wages Expense (1,314,900)

Advertising and Promotion Expenses (482,200)

Interest Expense (225,600)

Other Expenses (253,700)

Income Tax Expense (117,700)

Other Selling and Administrative 1,051,500

Net income will be total revenues less total expenses:

3,810,200 - 3,445,600 = 364,600

6 0

3 years ago

By 1990, ____________ began receiving significant numbers of idiosyncratic and novel fonts from outside designers. recognizing t

anastassius [24]

The correct answer is: " Émigré Fonts " .
_________________________________________________________
"By 1990, Émigré Fonts  began receiving significant numbers of idiosyncratic and novel fonts from outside designers. recognizing the originality of many of these submissions, partners Zuzana Licko and Rudy Vanderlans began to license and distribute the designs."
________________________________________________________

3 0

4 years ago