"The three types of economic resources are also referred to as factors of production. Land (including all natural resources), Labor (including all human resources), Capital (including all man-made resources), and when you combine all of those you get production.
"
Answer:
a. 27.9%
Explanation:
The formula and the computation of the gross profit are shown below:
Gross profit = (Gross profit) ÷ (Sales) × 100
where,
Gross profit = $1,604
And, the sales revenue is $5,742
So, the gross profit is
= ($1,604) ÷ ($5,742) × 100
= 27.9%
By dividing the gross profit by the sales we can get the gross profit
Answer:
B. Individual performance is developed.
Explanation:
Supervisors and leaders are closely related as both influence an audience, to grow and motivates them to attain goals.
Further, when supervisory leadership is done, it clearly helps individuals grow, and act motivated in all the aspects of the performance.
This, is clearly depicted from the results of outcomes as the performance is above the expected standards and then, the individual level of performing the job also get boosted.
Therefore, correct option is
Statement B
Answer:
<u><em>Procedure to pass new tax laws:</em></u>
1. First, a representative sponsors a bill.
2. The bill is then assigned to a committee for study.
3. If released by the committee, the bill is put on a calendar to be voted on, debated or amended
4. If the bill passes by simple majority (218 of 435), the bill moves to the Senate.
5. After Congress passes the bill,
6. it goes to the president, who can either sign it into law or veto it.
Answer: c. Difference in budgeted costs and actual costs of fixed overhead items.
Explanation:
If a company uses a Predetermined rate for Manufacturing Overhead this means that they have budgeted a certain cost of overhead that they believe will be sufficient for production. This is usually possible for fixed overhead items.
The Variance therefore would be the difference between this budgeted figure and the actual figure for the fixed Overhead items.
