All categories

3 years ago

Which statement best describes the economic relationship between

Business

1 answer:

xxMikexx [17]3 years ago

7 0

Answer:

B. Resource markets provide the materials businesses need.

Explanation:

A resource market is where businesses buy materials they require for the production of other goods. They are markets for inputs of production. Resource market contrast finished goods markets where customers buy consumer goods and services.

Resource markets are where businesses obtain the factor of production. Land, labor, and capital are purchased from the resource markets.

You might be interested in

Ready Company has two operating (production) departments: Assembly and Painting. Assembly has 150 employees and occupies 44,000

Sedaia [141]

Answer:

A) $48,000

Explanation:

Assembly Painting Total

150 employees 100 employees 250 employees

44,000 square feet 36,000 square feet 80,000 sq. feet

Administration expenses $80,000

= 150 x $320 = $48,000 = 100 x $320 = $32,000

Maintenance expenses $100,000

= 44,000 x $1.25 = $55,000 = 36,000 x $1.25 = $45,000

administration expenses = $80,000 allocated based on workers, $80,000 / 250 employees = $320 per employee

maintenance expenses = $100,000 allocated based on square feet, $100,000 / 80,000 sq. feet = $1.25 per sq. feet

7 0

3 years ago

Jordan has the following assets and liabilities:-Two Cars $10,000-House $200,000-Mortgage $100,000-Cash $1,000-Car Loans $3,000-

Ilia_Sergeevich [38]

Answer:

The correct option is B. $109,000; $213,000; $104,000

Explanation:

For computing the wealth, first, we have to compute the assets and liabilities value

So, the assets = Cars + House + cash + checking account balance

= $10,000 + $200,000 + $1,000 + $2,000

= $213,000

So, the liabilities = Mortgage + car loans + credit card balance

= $100,000 + $3,000 + $1,000

= $104,000

we apply the accounting equation which equals to

Assets = Liabilities + shareholder equity

And, the wealth equal to

= Assets - Liabilities

= $213,000 - $104,000

= $109,000

Hence, Jordan's wealth is $109,000, the value of Jordan's assets is $213,000, and the value of Jordan's liability is $104,000.

Therefore, the correct option is B. $109,000; $213,000; $104,000

3 0

3 years ago

g Messersmith Company is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Messersmit

Pachacha [2.7K]

Answer:

Weighted average accumulated expenditures were

$ 3,600,000

Explanation:

The Weighted average accumulated expenditures are calculated considering the payments made to the contructing company weighted by the time that the constructing company hold the money divided by the period of contruction.

Please see the details below:

Payment Date Expenditure Cap Period Weight Weighted Exp

07/01/2020 $3,000,000 6 (12-6) 0,50 $1,500,000

09/01/2020 $6,300,000 4 (12-8) 0,33 $2,100,000

12/31/2020 $6,000,000 0 - 0- 0-

TOTAL $15,300,000 $3,600,000

Capitalization Period: Example: 12 Months - 6 Months transcurred.

12/31/2020 - ending of contruction

07/01/2020 - The moment went the payment was made, 6 months since the beginning of the construction.

4 0

3 years ago

What is segregated fund.

netineya [11]

A segregated fund is a type of investment vehicle commonly used by Canadian insurance companies to manage individual, variable annuity insurance products. A segregated fund offers investment capital appreciation and life insurance benefits. ... Therefore, returns from the funds tend to be more modest.

5 0

3 years ago

Read 2 more answers

Lino is a linebacker on his college football team. He is concerned about achieving adequate hydration during intense, hot summer

dybincka [34]

Answer:

C) 14 cups of water

Explanation:

Athletes should consume between 2 to 3 cups of water or other fluids (like Gatorade) for every pound lost in order to prevent dehydration.

If Lino losses 5 pounds during practice, he should drink between 10 to 15 cups of water. Option C, with 14 cups of water is the only option that falls in that range.

3 0

3 years ago