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Allushta [10]
3 years ago
6

What are factors of production?

Business
2 answers:
Feliz [49]3 years ago
8 0
Factors of production<span> is an economic term that describes the inputs that are used in the </span>production<span> of goods or services in order to make an economic profit. The </span>factors of production<span> include land, labor, capital and entrepreneurship.</span>
padilas [110]3 years ago
3 0

human, natural, and capital resources that are used to make products to be sold

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KatRina [158]

Answer:

true the investors expect to earn on those funds

4 0
2 years ago
The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $84,457. The bank statement indicated a balance o
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Answer:

Pala Medical Co.

a. Bank Reconciliation Statement as at June 30, 20Y1

Balance as per adjusted cash balance $111,670

add outstanding checks                           33,310

less uncredited deposits                           17,610

       overdrawn check                                   180

Balance as per bank statement          $127,190

b. Journal Entries:

c. Debit Cash $28,248

Credit Notes Receivable $26,400

Credit Interest Revenue $1,848

To record the receipt on notes receivable, including interest revenue.

d. Debit Accounts Payable $990

Credit Cash $990

To record the check in payment on account ($1,100 - $110)

f. Debit Bank service charges $45

Credit Cash $45

To record bank charges.

c. If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, the amount that should be reported as cash is:

= $111,670.

Explanation:

a) Data and Calculations:

Cash account balance at June 30, 20Y1 = $84,457

Bank statement balance on June 30, 20Y1 = $127,190

Analysis of discrepancies:

a. Outstanding checks $33,310

b. Uncredited deposits $17,610

c. Cash $28,248 Note Receivable $26,400  Interest Revenue $1,848

d. Returned check $1,100 Accounts Payable $1,100  $110

e. Overdrawn check $180 $680 had been erroneously charged by the bank as $860.

f. Bank service charges for June amounted to $45

Cash Account Adjustments:

Balance at June 30, 20Y1 = $84,457

Direct credit                           28,248

Dishonored check                     (990)

Bank charges                               (45)

Adjusted cash balance       $111,670

8 0
2 years ago
15. A bottle‐filling operation has a target value of 20 and consistently averages 19.8 with a standard deviation of 0.5. The des
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Answer:

A. The two sided specification process capability index is 1.47

Explanation:

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CI = ( 22 - 19.8 ) / 3 * 0.5

CI = 1.47 approximately.

4 0
2 years ago
Two lines intersect and form adjacent right angles what is the realationship between the two lines
frez [133]

An angle is formed when two lines or rays or line segments meet or intersect. ... A linear pair is a pair of adjacent angles whose non-common sides are opposite rays. • When two lines intersect, the vertically opposite angles so formed are equal.

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3 years ago
Please list and explain the three principles that describe how the economy as a whole works.
STatiana [176]

Answer:

The standard of living from country to country is affected by their level of productivity. The more productive a Country is, the more goods and ser- vices they have available, etc.lnflation occurs when the government prints a surplus of money.There is a trade-off between inflation and unemployment. Increase in price can happen from higher demand, which in turn causes firms to higher more workers to produce more goods/services.

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3 years ago
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