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Nadusha1986 [10]
4 years ago
9

What are examples of the factors of production that affect the output of a car repair shop?

Business
2 answers:
Sunny_sXe [5.5K]4 years ago
8 0

Answer and explanation:

Factors of Production is an economic term describing the general inputs used to produce goods and services to make a profit. Under the classical view of economics, the factors of production are four (4) and consist of <em>land, labor, capital, and entrepreneurship</em>.

When referencing a specific business, in this case a repair shop, factors of production could be the space to repair the cars (<em>land</em>), the number of mechanics in the shop (<em>labor</em>), and the quality of the tools to make the repairs (<em>capital</em>).

DanielleElmas [232]4 years ago
7 0

Answer:

Basically, The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

Explanation:

In relation to a car repair shop, the land is needed in the form of workshops and/or offices.

Labor is explained as the manpower, that is the engineers: mechanics, rewier,

and others to work on vehicles.

Capital is the sum of money needed to acquire all equipment, machines and other things needed for the company.

And lastly, entrepreneur. This is the Brian behind the functioning of all other factors of production.

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Answer:

E. None of the above

Explanation:

The only two accounts that you must add to net income are the amortization and depreciation

In order to reconcile net income to cash from operations the Amortization and Depreciation must be added to Net Income.

Why? because These accounts: Amortization and Depreciation are not cash accounts. This means that the figures in amortization and Depreciation are not actual outflows of cash but just a bookkeeping figure.  

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3 years ago
Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2.. . a. if the price
zimovet [89]
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<span>So, the marginal utility of each good will be 30/$2, or 15/$1.
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3 years ago
Tri-coat Paints has a current market value of $50 per share with earnings of $5.97. What is the present value of its growth oppo
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Explanation:

Fron the question, we are informed that Tri-coat Paints has a current market value of $50 per share with earnings of $5.97. We are further told that the required return is 12%.

The present value of its growth opportunities (PVGO) will be:

= $50 - ($5.97/12%)

= $50 - ($5.97/0.12)

= $50 - $49.75

= $0.25

Therefore, the present value of its growth opportunities (PVGO) if the required return is 12% is $0.25.

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3 years ago
Consider an 8.5% loan amortizing at a 25-year rate with monthly payments. What is the maximum amount that can be loaned on a pro
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Answer:

<u>Maximum Amount that can be loanded = $4139619</u>

Explanation:

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Monthly Payment or EMI

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12E = 400,000 = [P×r×(1 + r)n/ ((1 + r)n - 1)] * 12

or, P = 400000 / 0.0966272500154557 = $4139619

<u>Maximum Amount that can be loanded = $4139619</u>

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