All categories

3 years ago

This is the forces that combine to make the production of products and services possible.

Business

1 answer:

Hatshy [7]3 years ago

8 0

"Factor of Production" is the force that combine to make the production of products and services possible.

Explanation:

Factor of production involves land, labor, capital, and entrepreneurship.

Land:

The important factor is that it creates major revenue through oil, gases and other possible resources which can be obtained from the land.

Labor: Starting from the person who brought bricks to build the company till the top management of the company are part of the Labor factor.

Capital: A factor which implicitly support as a factor of production. Without capital there is no chances of production or providing wages.

Entrepreneurship: These are the brainstorms who plan and create product and sits at the top level and make production and service possible.

You might be interested in

Read the following stock quote. Did the stock price increase or decrease?

Nata [24]

Increased

It’s a positive number

8 0

4 years ago

Read 2 more answers

"Forcing insureds to sue the insurer to collect on a claim by offering substantially less than the amount eventually recovered i

Anuta_ua [19.1K]

Answer:

Unfair Claims Settlement Practices Act

Explanation:

Here fundamentally, the act which will be acted on the given sentence is generally known as Unfair Claims Settlement Practices Act. Unfair claims practice is the inappropriate restraint of a request by an insurer or an endeavor to diminish the intensity of the claim. By interlacing in unfair claims practices, an insurer strives to diminish its values. Nevertheless, this is unlawful in various jurisdictions. Additionally, most maximum states possess formulated a version of this type of rule. Denominated essentially the Unfair Claims Settlement Practices Act, it defends safeguard consumers from the unfair manner by insurers in the appeals settlement method.

6 0

3 years ago

On january 1, 2017, holland corporation paid $9 per share to a group of zeeland corporation shareholders to acquire 60,000 share

Illusion [34]

Answer:

Explanation:

a Consideration transferred by $540,000

Holland ($9.00 x 60,000 shares)

Fair value of the non-controlling 320,000

interest ($6.50 x 40,000 shares)

Total Zeeland fair value at January 1, 2017 $860,000

Zeeland book value at January 1, 2017 320,000

Excess acquisition-date fair over book value $540,000

To equipment (5-year remaining life) $50,000

To patent (10-year remaining life) 420,100 470,100

Goodwill $69,900

Goodwill allocation: Holland NCI

Acquisition-date fair value $540,000 $320,000

Share (60% and 40%) of identifiable * 474,060 316,040

net assets

Goodwill allocation $65,940 $3,960

*Zeeland identifiable net assets at acquisition-date fair value:

Current assets $15,700

Property and equipment ($329,700 + $50,000) 379,700

Patents ($212,100 + $420,100) 632,200

Liabilities (237,500)

Total fair value of net identifiable assets $790,100

b Investment in Zeeland

Initial value $540,000

Change in Zeeland’s RE × 60%

($439,400 – $220,000) × 60% 131,640

Excess amortization ($52,010 × 60% × 2 yrs.) (62,412)

Investment in Zeeland 12/31/18 609,228

HOLLAND CORPORATION AND ZEELAND CORPORATION

Consolidation Worksheet

For Year Ending December 31, 2018

Consolidation Entries Noncontrolling Consolidated

Accounts Holland Zeeland Debit Credit Interest Totals

Sales ($582,600) ($445,500) ($1,028,100)

Cost of 295,400 208,500 $503,900

goods sold

Depreciation 73,000 32,300 E 10000 115,300

expense

Amortization 15,700 19,300 E 42010 77,010

expense

Other operating 58,800 58,400 117,200

expenses

Equity in Zeeland -44,994 0 I 44994 0

earnings

Separate company ($184,694) ($127,000)

net income

Consolidated net income ($214,690)

Noncontrolling interest in CNI (29,996) 29,996

Controlling interest net income ($184,694)

Retained earnings ($821,900) ($342,400) S 342400 ($821,900)

, 1/1/18

Net income -184,694 -127,000 ($184,694)

Dividends declared 50,000 30,000 D 18000 12000 50000

Retained earnings, ($956,594) ($439,400) ($956,594)

12/31

Current assets $126,700 $98,500 $225,200

Investment in 609,228 0 D 18000 S 265,440

Zeeland, Inc

A1 250854

A2 65940

I 44994

Property and 854,000 276,000 A1 40000 E 10000 1,160,000

equipment (net)

Patents 152,400 168,500 A1 378090 E 42010 656,980

Goodwill 0 0 69900 69,900

Total assets $1,742,328 $543,000 $2,112,080

Liabilities -465,734 -3,600 -469,334

Common stock -320,000 -100,000 S 100000 -320000

Noncontrolling S 176960

interest

A1 167236

A2 3960 -348156 -366152

Retained earnings -956,594 -439,400 -956594

, 12/31

Total ($1,742,328) ($543,000) $1,045,394 $1,045,394 ($2,112,080)

liabilities and equities

6 0

3 years ago

Nell, a member of a protected class, applies for a job with Origami Paper Corporation, but fails the company's employment test a

11111nata11111 [884]

Answer:

Disparate-impact discrimination

Explanation:

As we can see in the given scenario, that Nell believes that the test has an unintentionally discriminatory effect as he fails in the test taken by the company, so this discriminating act that was made by the Origami Paper Corporation is a disparate-impact discrimination.

Because as we know that if someone is been discriminated unintentionally, then it comes under disparate-impact discrimination.

8 0

3 years ago

What effect do rising input costs have on the price of a good.

Genrish500 [490]

Answer:

Explanation:

Inputs are the factors required for production to take place. They may include labor and raw materials. In economics, inputs are the four factors of production that include land, labor, entrepreneurship, and capital.

The final cost of a product is dependent on the costs of production. The cost of production is an aggregation of the cost of each input used in the production. For a company to stay in operation, it must meet all its production costs. These costs are spread to each unit produced. A high production cost will result in an expensive product. Should the cost of any of the input increase, then the overall cost of the products will rise.

4 0

3 years ago