Answer:
labor
Explanation:
There are four factors of production; land, labor, capital and entrepreneurship:
- William is the entrepreneur,
- Capital accounts for the helicopters, facilities and the advertisement.
- Land in this case is the plot of land where the business will be located.
- But who will fly the helicopters and perform maintenance operations? Who will sell the tours and perform administrative tasks? William will not fly the 5 helicopters himself, perform maintenance operations and sell the tours.
The main difference between a general partnership and a limited partnership is that "<span>A general partnership has unlimited liability for all partners while a limited partnership has limited liability." In addition, the liability of the personal assets in a general partnership is its obligation.</span>
I would say that the market economy and westward expansion promoted the institution of slavery as in the new United States whereby in order to sell more say cotton at a cheap price (the market economy) then the landowners would employ slaves for cheap labour so as to extract maximum profit from their labour.
Answer:
C) $300 U
Explanation:
Gipple Corporation
Material Quantity Variance = (Actual Quantity Used * Standard Unit Cost )-
( Standard Quantity Used * Standard Unit Cost )
Material Quantity Variance =(AQ* SP) -(SQ*SP)
Material Quantity Variance = (24,870* 6)- ( 7.3* 3400 *6)
Material Quantity Variance = (24,870* 6)- (24,820* 6)
Material Quantity Variance = 149220 - 148920
Material Quantity Variance = $300 Unfavorable
As actual quantity is greater than standard quantity it is unfavorable.
Answer:
Break even sales will be $2700
So option (b) will be correct option
Explanation:
We have given fixed cost = $1400
Sells per unit = $27 each
And variable cost per unit = $13 each
So contribution margin ratio 
We know that break even sales is given by
Break even sales 
So option (b) will be correct answer
