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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.

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Pharoah Corporation provides its officers with bonuses based on net income. For 2017, the bonuses total $384,900 and are paid on

Keith_Richards [23]

Answer: Pharaohs journal $

Date

December 31, 2017

StaffBonusexpensesDr384,900

Accruede liability Cr384,900

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February 15,2018

Accrued liability Dr 384, 900

Bank Cr. 384,900

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Explanation:

In line with the acrual concept of recognising expenses at the period they are due for payment. The staff bonus will be recognized as an expense to the income statement in 2017 and accrued as liability in the balance sheet if it's not paid.

The payment in 2018 will be a debit to the liability account and credit to the cash or bank account.

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3 years ago

Maribel is putting the finishing touches on her slide presentation. She wants

AleksAgata [21]

Answer:

Explanation:

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3 years ago

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Gruden Company produces golf discs which it normally sells to retailers for $7 each. The cost of manufacturing 23,600 golf discs

pychu [463]

Answer:

Increase in income= $2,965.6

Explanation:

Giving the following information:

Gruden Company produces golf discs which it normally sells to retailers for $7 each. The cost of manufacturing 23,600 golf discs is:

Materials $ 12,036

Labor 35,400

Variable overhead 23,128

Fixed overhead 47,200

Total $117,764

McGee Corporation offers Gruden $4.91 per disc for 4,930 discs. If Gruden accepts the offer, its fixed overhead will increase from $47,200 to $53,700 due to the purchase of a new imprinting machine.

Total variable cost= (12,036 + 35,400 + 23,128)= 70,564

Unitary variable cost= 70,564/23,600= $2.99

Increase in fixed costs= $6,500

Increase in income= (4930*4.91) - (4930*2.99) - 6500= $2,965.6

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2 years ago

TRUE or FALSE??? HELP!!

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True , True , True , True , True

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3 years ago

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The answer to this question is <span>acceptability
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Currency that has high rate of acceptability tend to be less volatile in the foreign exchange market and attract more investment.</span>

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3 years ago