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2 years ago

8

The knowledge and skills acquired by a worker through education and experience is a description of which factor of production? p

hysical capital human capital labor entrepreneurship

1 answer:

Marta_Voda [28]2 years ago

6 0

Answer:

human

Explanation:

I took the test

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North Dakota Electric Company estimates its demand trend line (in millions of kilowatt hours) to be:

Karolina [17]

Answer:

90.3 ; 157.4 ; 176.9 ; 79.9

Explanation:

Given that:

Estimated demand trend line (in millions of kilowatt hour) for North Dakota Electricity company is :

D = 80.0 + 0.45Q,

Q = quarter number

Quarter Factor (Index)

Winter 0.72

Spring 1.25

Summer 1.40

Fall 0.63

In year 26 (quarters 101-104):

Energy use (E) for each quarter = (Demand * quarter factor)

Winter ; Q = 101

E = [80.0 + 0.45(101)] * 0.72 = 90.3

E = [80.0 + 0.45(102)] * 1.25 = 157.4

E = [80.0 + 0.45(103)] * 1.40 = 176.9

E = [80.0 + 0.45(104)] * 0.63 = 79.9

6 0

2 years ago

Assume that Corn Co. sold 7,600 units of Product A and 2,400 units of Product B during the past year. The unit contribution marg

Afina-wow [57]

,Answer: a. 9,450 units

Explanation:

You need to find the weighted average contribution margin for both products.

Product A

Weighted average contribution margin = Contribution margin * Units sold / Total units sold

= 34 * 7,600 / (7,600 + 2,400)

= $25.84

Product B

= 59 * 2,400 / 10,000

= $14.16

Breakeven point in units = Fixed costs/ (Weighted average contribution margin of both A and B)

= 378,000 / (25.84 + 14.16)

= 9,450 units

5 0

2 years ago

Why have many nations chosen to use taxpayer dollars to subsidize primary, secondary, and higher education

Alona [7]

Answer and Explanation:

This is because education has a positive rate of return. Investment in Education is an investment in new knowledge which is beneficial to any country. These countries have subsidized these forms of education because they recognize that an investment in education is an investment in human capital. Which would likely increase future productivity and ability to earn money.

Education is very beneficial to the individual who gets it, but a country where it's citizens have a good level of education benefits everyone positively.

1. Better health outcomes due to breakthroughs in research.

2. Reduction in Crime rates

3. Better environment

4. Also a better government

Are reasons for using taxpayers dollars to subsidize all these levels of education.

3 0

3 years ago

Splish Corporation reported the following for 2020: net sales $1,242,800, cost of goods sold $737,700, selling and administrativ

tester [92]

Answer:

1. $192,200

2. $192,200

Explanation:

1. Preparation for the statement of comprehensive income using the one statement format

Splish Corporation Statement of Comprehensive IncomeFor the Year Ended December 31, 2020

Sales revenue $1,242,800

Less Cost of goods sold ($737,700)

Gross profit $505,100

Less Selling and administrative expenses ($329,500)

Net income $175,600

($505,100-$329,500)

Add Unrealized holding gain on available-for-sale debt securities $16,600

Comprehensive income $192,200

Therefore the Comprehensive income for the statement of comprehensive income using the one statement format will be $192,200

2. Preparation a statement of comprehensive income using the two statement format

Splish Corporation Statement of Comprehensive IncomeFor the Year Ended December 31, 2020

Sales revenue $1,242,800

Less Cost of goods sold ($737,700)

Gross profit $505,100

Less Selling and administrative expenses ($329,500)

Net income $175,600

($505,100-$329,500)

Comprehensive Income

Net Income $175,600

Add Unrealized holding gain on available-for-sale debt securities $16,600

Comprehensive income $192,200

Therefore the Comprehensive income for the statement of comprehensive income using the two statement format will be $192,200

8 0

3 years ago

A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) as a function of size (measur

astraxan [27]

Answer:

a. The estimated coefficient for size is approximately <u>13.81</u>.

b. In the regression, two predictors are used. These two predictors are size and fireplace (FP).

Explanation:

a. The estimated coefficient for size is approximately _____.

Estimated coefficient for size = Standard Error of size * t-Stat of size = 1.2072436 * 11.439 = 13.81

Therefore, the estimated coefficient for size is approximately <u>13.81</u>.

b. How many predictors (independent variables) were used in the regression?

Independent variables can be described as variables that are changed or manipulated in order to measure the effect of their changes on the dependent variable. Independent variables are therefore also called predictors because they employed to predict the dependent variable.

In the regression, two predictors are used. These two predictors are size and fireplace (FP).

8 0

3 years ago