One reason why entrepreneurs should protect their innovations and creations (in economics)

Taylor needs a natural resources in his venture to make his enterprise possible. Which of the following isn't considered a capit

Rina8888 [55]

Answer:

The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress.

Explanation:

In economics, capital typically refers to money. But money is not a factor of production because it is not directly involved in producing a good or service.

Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or pay wages. For modern mainstream economists, capital is the primary driver of value.

8 0

2 years ago

Which workers are required to handle money as part of their job qualifications?

melamori03 [73]

A
A lot of Money in that business

4 0

3 years ago

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Several factors affect a firm’s need for external funds. Evaluate the effect of each following factor and place a check next to

Studentka2010 [4]

Answer:

1.

The firm increases its dividend payout ratio.

This will increase the need for external funds because with more funds going towards dividends, there will be less funds available to fund operations. The company will therefore be more probable of being in need of Additional funds.

The firm’s inventory turnover decreases, with no effect on the sales forecast.

If the firm's inventory turnover increases, it means that the firm is taking longer to sell off inventory. This will mean that the company will have to invest more in working capital to maintain these inventory levels. This will lead to a higher probability of them needing additional funds.

2. Yes, dividends still affect a firm’s AFN even though they are paid out of after-tax earnings.

Even though they are paid after-tax, they still eat into the funds that the business can be able to set aside to fund operations. So when dividends are paid, the need for AFN increases as well.

5 0

3 years ago

if the demand for a product is inelastic, which of these statements must be true? a)people will not buy any of the product when

Vanyuwa [196]

The statement that must be true about the demand for a product if it is inelastic is that, a price increase does not have a significant impact on buying habits. The correct answer would be option B. When the demand is inelastic, this situation means that the demand for a product does not decrease nor increase in corresponds to the rise or fall of its price.

3 0

3 years ago

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Tatum Company has four products in its inventory. Information about the December 31, 2021, inventory is as follows: Product Tota

Alenkinab [10]

Answer:

Tatum Company

1. The carrying value of inventory at December 31, 2021 is:

$342,000

2. Adjusting Journal Entry:

Debit Inventory write-downs $47,000

Credit Inventory $47,000

To record the write-down of inventory value to LCNRV.

Explanation:

a) Data and Calculations:

Product Total Cost Total Net Reali- LCNRV Write-downs

zable Value

101 $ 154,000 $ 117,000 $ 117,000 $ 37,000

102 111,000 127,000 111,000 0

103 77,000 67,000 67,000 10,000

104 47,000 67,000 47,000 0

Total $ 389,000 $ 378,000 $ 342,000 $ 47,000

7 0

2 years ago

One reason why entrepreneurs should protect their innovations and creations (in economics)​

One reason why entrepreneurs should protect their innovations and creations (in economics)