Answer:
labor
Explanation:
There are four factors of production; land, labor, capital and entrepreneurship:
- William is the entrepreneur,
- Capital accounts for the helicopters, facilities and the advertisement.
- Land in this case is the plot of land where the business will be located.
- But who will fly the helicopters and perform maintenance operations? Who will sell the tours and perform administrative tasks? William will not fly the 5 helicopters himself, perform maintenance operations and sell the tours.
Answer:
monetarist approach
Explanation:
Monetarism relates to the school of thought that prioritizes the function of government agencies in regulating the number of resources in circulation in monetary economics. Monetarist theory argues that differences in the currency supply have significant short-term and longer-term impacts on federal output and price rates.
If a country's money supply decreases, business activity will rise, as per monetarist theory; the opposite is also correct. The monetarist philosophy is driven by a standard equation, MV= PQ, in which M will be the money supply, V is just the pace and P refers to the price of commodities, and Q is the sum of commodities.
Answer:
Profit= $5200
Explanation:
let the short sleeved shirt be x and long sleeved shirt be y then according to the given conditions 30x+45y=240(60) minutes---A
also x+y=400------B
multiplying b with 30 gives
30x+30y=12000------C
subtracting C from A 15y= 2400
y= 160 long sleeved shirts and x= 240 short sleeved shirts are made
Profits= 240*11+160*16=$5200
The amount of loss that should be recognized is the <u>minimum amount </u><u>of the </u><u>range. </u>
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<h3>Recording a Contingent liability </h3>
- It should only be recorded if the loss is probable and the amount to be incurred as liability can be reasonably estimated.
- If neither of the above are possible, the loss would be recorded as a footnote.
US GAAP rules state however that if the loss is probable and the amount is in a range, the amount to be recorded as a contingent liability should be the minimum of the range.
In conclusion, they should recognize the minimum amount.
Find out more on contingent liabilities at brainly.com/question/17371330.
