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3 years ago

What do economists call the physical things that firms make (things that can be seen or touched)?

Business

1 answer:

Ede4ka [16]3 years ago

6 0

The answer is A) supplies they don't take it as a services or goods nor is it for the capital.

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Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of Glacier Travel Ser

pashok25 [27]

Answer:

Income Statement Dec. 31, 20Y6

Glacier Travel Service

Total revenue $900,000

- Wages expense ($425,000)

- Rent expense ($180,000)

- Utilities expense ($75,000)

- Supplies expense ($38,000 )

- Miscellaneous expense ($37,000)

EBIT $145,000

- Taxes ($30,000)

Net profit $115,000

4 0

3 years ago

A house worth $250,000 has a coinsurance clause of 90 percent. The owners insure the property for $191,250. They then have a fir

Hoochie [10]

111,250 from the insurance

8 0

3 years ago

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operat

Cerrena [4.2K]

Answer:

a. 208.57 units

b. 104.29 units

Explanation:

a. The computation of the economic order quantity is shown below:

$= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

$= \sqrt{\frac{2\times \text{6,000}\times \text{\$29}}{\text{\$8}}}$

= 208.57 units

b. And, the average inventory is

= Economic order quantity ÷ 2

= 208.57 units ÷ 2

= 104.29 units

We simply applied the above formulas for calculation of the economic order quantity and the average inventory and the same is shown above

5 0

2 years ago

Seth is mentally incompetent but has not been adjudged by a court to be incompetent. Seth enters into a contract with Toby for t

Kaylis [27]

Answer:

Void

Explanation:

Void is the term of law, which is defined as the contract is not valid currently, and the parties of the contract are not held to its terms. The void contract is the one which is generally unenforceable.

The contract could be void because of many reasons like the contract need one party to perform that act which is impossible or in that case, where one party is not mentally incompetent.

So, in this case, the contract is most likely to be void as the contract with the party who is mentally incompetent, though the party has not been adjudged through court.

6 0

3 years ago

You invested $29 comma 000 in two accounts paying 2 % and 5 % annual interest, respectively. If the total interest earned for

Korolek [52]

Answer:

Amount invested in account paying 2% = $17,000

Amount invested in account paying 5% = $12,000

Explanation:

Total amount invested = $29,000

Total Interest earned = $940

Let the amount invested in account paying 2% interest be 'x'

Therefore,

the amount invested in account paying 5% interest will be '$29,000 - x'

Now,

( 2% of x ) + [ 5% of ( $29,000 - x)] = $940

0.02x + 1450 - 0.05x = $940

- 0.03x = $940 - $1450

- 0.03x = - $510

x = $17,000

Hence,

Amount invested in account paying 2% = $17,000

Amount invested in account paying 5% = $29,000 - $17,000 = $12,000

5 0

2 years ago