To consider this question, we must consider the relationship between the resources and their costs.
Labor: The price that companies pay for labor is the wage. The businesses paid $68 billion for labor
Land: The price of land that business pay is rent (assuming they do not own the land). The business paid $14 billion for land.
Capital: The cost of using capital is the interest paid on that capital. The businesses paid $24 billion for using capital.
This leaves entrepreneurial ability. It is more difficult to discern the payment for this resource, as it is less tangible and thus has a less direct cost. From the payment for other resources and the total payment to households, we can infer the payment for entrepreneurial ability:
120 - 68 - 14 - 24 = $14 Billion
Answer: B. False
Explanation:
Information Technology Infrastructure Library (ITIL) is a framework of best practices for delivering IT services to businesses and management generally. The main aim of ITIL is to focus IT in managing the needs of a business.
ITIL’s systematic approach to IT service management can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale and change.
Answer:
Option (C) is correct.
Explanation:
EBT means Earnings Before Tax, so you ignore the tax rate for this problem.
Then solve for the EBT figure.
EBT:
= Revenue - Operating costs - Depreciation - interest
= $18,500 - $8,250 - $1,750 - ($9,000 x 7%)
= $18,500 - $8,250 - $1,750 - $630
= $7,870
Therefore, $7,870 was the firm's earnings before taxes (EBT).
Answer:
The amount should be recorded for the purchase of the land is $417500.
Explanation:
amount of land = sale price of the land - sale of salvaged parts + bemolition of the old buiding + land preparation and leveling
= $400000 - $20000 + $30000 + $7500
= $417500
Therefore, The amount should be recorded for the purchase of the land is $417500.
Answer: B. a turnkey system
Explanation: A turnkey system is a system that has been customized for a particular application. It can also be said that it is a ready to run system.
It is a complete computer system that include a hardware, operating system and application(s) designed and sold to satisfy specific business requirements.
An example of a turnkey system is a system designed for an organisation that includes software and hardware for its employees to work with.
