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lana66690 [7]
2 years ago
5

Income is generated through the ______ of goods and services. In the United States, ________ of all income takes the form of wag

es and salaries. The remaining ______goes to those who own the other factors of production, namely _______ and capital.
Business
1 answer:
Anna [14]2 years ago
3 0

Answer: please refer to the explanation section

Explanation:

income is Generate through the production of goods and services. in the united states <u>37.4% </u>of all income takes the form of wages and salaries. the remaining <u>62.6%</u> goes those who own the other factors of production namely <u>Land</u> and capital.

Share percentages were conducted by Mckinsey Global Institute 2014

https://www.mckinsey.com/featured-insights/employment-and-growth/a-new-look-at-the-declining-labor-share-of-income-in-the-united-states

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Malinda's auto dealership of imported cars made $895,000 in revenue. The manager has determined that the total expenses equal to
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Answer:

Profits: $297,000

Explanation:

Revenue is the money generated by a business by selling its products and services to customers. Expenses are the cost incurred in the production and selling of goods and services.

Profits arise when revenues exceed expenses.

For Malinda Auto dealership, the revenue ($895,000) exceed expenses($598,000). Therefore, the business will realize a profit.

Profit = revenue - expenses

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Zhang Industries budgets production of 400 units in June and 410 units in July. Each finished unit requires 5 pounds of raw mate
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Answer:

The correct answer is $12,060.

Explanation:

According to the scenario, the given data are as follows:

Production in June = 400 units

Production in July = 410 units

Each unit required = 5 pounds

Cost per pound = $6

So, June required raw material = 400 units × 5 pounds = 2000 pounds

For July required raw material = 410 units × 5 pounds × 20% = 410 pounds

So, required total raw material for June = 2000 pounds + 410 pounds - 400 pounds ( already in inventory)

= 2010 pounds

So, the total cost required for raw material in June = 2010 pounds × $6

= $12,060

Hence, the budgeted cost of purchases for raw material K for June is $12,060.

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"A high-ranking officer of ABC Corporation owns 10,000 shares of ABC Corporation control stock that she wishes to sell under the
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Answer: $9,000

Explanation:

Rule 144 is a regulation that governs the trading of restricted, unregistered, and control securities and is enforceable by the SEC.

Under the rule, the person, as an officer of the ABC Corporation is limited to selling the higher of 1% of the Outstanding stock the company has or the average weekly trading volume over the preceding 4 weeks.

1% of the outstanding 900,000 shares is;

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This is higher than the average weekly trading volume over the preceding 4 weeks so this is the maximum permitted sales figure.

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3 years ago
On January 10, Chen Co. issued an $80,000, 6%, 90-day note payable to Rao Co. Using a 360-day year, what is the total interest e
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Answer:

d. $1,200

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The computation of the interest expense is shown below:

= Principal × rate of interest × number of days ÷ (total number of days in a year)

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