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Ksju [112]
4 years ago
5

Matt newell, a former air force pilot, decides to operate a helicopter tour company to provide customers with breathtaking views

of the rocky mountains. he obtains a loan and purchases the necessary land, facilities, advertising, and five helicopters for his business. what important factor of production has he overlooked in creating his business?
Business
1 answer:
vampirchik [111]4 years ago
5 0

I guess the correct answer is Labor

Matt Newell, a former Air Force pilot, decides to operate a helicopter tour company to provide customers with breathtaking views of the Rocky Mountains. H obtains a loan and purchases the necessary land, facilities, advertising, and five helicopters for his business, the  important factor of production has he overlooked in creating his business is Labor.

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Which of the following is a person who authorized an agent to act on his or her behalf ​
lina2011 [118]

Answer:

Principal

Explanation:

A power of attorney (POA) is a legal document giving one person (the agent or attorney-in-fact) the power to act for another person (the principal).

8 0
3 years ago
Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system a
anzhelika [568]

Answer:

April 2

Merchandise $6,200 (debit)

Accounts Payable :  Lyon Company $6,200 (credit)

<em>Purchase of Merchandise on credit from Lyon Company (FOB)</em>

April 3

Accounts Payable :  Lyon Company $200 (debit)

Cash $200 (credit)

<em>Payment of Shipping Costs included in the Invoice </em>

April 4

Accounts Payable :  Lyon Company $450 (debit)

Merchandise $450 (credit)

<em>Return of unacceptable merchandise to Lyon Company</em>

April 17

Accounts Payable :  Lyon Company $5,550 (debit)

Discount Received $111 (credit)

Cash $5,439 (credit)

<em>Settlement of Account with supplier and recognition of discount received</em>

April 18

Merchandise $11,700 (debit)

Accounts Payable :  Frist Corp $11,700 (credit)

<em>Purchase of Merchandise on credit from Frist Corp</em> <em> (FOB)</em>

April 21

Accounts Payable :  Frist Corp  $500 (debit)

Merchandise $500 (credit)

<em>Allowance received from supplier (Frist Corp)</em>

<em />

Explanation:

There is some missing transactions for the dates closer to end of April.

However the rest of the journals and their narrations have been prepared. This will help with completing the rest of the transactions.

See journals above.

6 0
3 years ago
Suppose your firm develops a new pharmaceutical product that may be used to reduce blood cholesterol levels, so the firm is the
Troyanec [42]

Answer:

The markup calculated as a result of information about the elasticity of demand

Explanation:

As a monopoly seller of pharmaceutical products the price set as markup would be above our marginal cost.

There are three facts about markup:

1. The Markup is not to be a price below marginal cost of the pharmaceutical product.

2. Markup is smaller when demand is more elastic. Remember if the price elasticity of demand is lower than 1, (negative) a rise in price causes an

increase in revenue for the seller.

Therefore having a -4 elasticity of demand could imply more profits for the firm.

5 0
3 years ago
In classical conditioning, the ns becomes a ________ after it reliably signals the occurrence of the ________.
Leto [7]

In classical conditioning, the Neutral Stimulus (NS) becomes a Conditioned Stimulus (CS) after it reliably signals the impending occurrence of the Unconditioned Stimulus (US).

The conditioned stimulus (CS) is a neutral stimulus (NS) that - after being repeatedly presented before the unconditioned stimulus - evokes a similar response as the unconditioned stimulus (US).

For example, a cat staring at a can of food (unconditioned stimulus) reacts differently to the sound of a can opener being struck on any surface (neutral stimulus). But if you condition a cat to believe that striking a can opener on any surface signals it will eat a can of food, the neutral stimulus becomes the conditioned stimulus.

Learn the difference between classical and operant conditioning here: brainly.com/question/17583598

#SPJ4

8 0
2 years ago
Toyota has been working alongside us for years, but we just heard the bad news: they’re not renewing our electric vehicle (EV) c
klemol [59]

Answer:

The right approach is Option a (Bargaining power of suppliers).

Explanation:

  • The concept is such an industry influences the buyer's business climate and determines the potential including its buyer to attain profitability.
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8 0
4 years ago
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