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Snezhnost [94]
3 years ago
7

What are the two facets of a mode of production according to E.K. Hunt? Define them.

Business
1 answer:
pentagon [3]3 years ago
3 0

Answer:

They are forces of production and social relations of production.

Explanation:

In Marxism and historical materialism the forces of production are a central idea. In the own critique of political economy by Karl Marx and Frederick Engels, it refers to the combination of the means of labor with human labor power.

forces of production is a term used in political economy that refers to the physical means and production techniques to which laborers add value and transform capital into saleable products.

By " relations of production," Marx and Engels meant the total sum of social relationships that people have to enter to survive, produce, and reproduce their means of living...relations can be social ties, economic relationships, or technological relationships.

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Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: Jan
gladu [14]

Answer:

The expected January 31 Accounts Payable balance is $6,590

Explanation:

The December Accounts Payable balance is $7,900 - this is the 50% purchase amount in December and will be paid in January.

In January, Fortune Company will pay 50% purchase amount in December and 50% purchase amount in January.

Expected payment = $7,900 + 50% x $13,180 = $14,490

At January 31, the expected Accounts Payable balance:

$13,180 x 50% = $6,590

6 0
3 years ago
An investment offers $6,200 per year for 20 years, with the first payment occurring one year from now. If the required return is
Taya2010 [7]

Answer:

$65,682.89

Explanation:

Calculation for what is the value of the investment

Using this formula

PVA = C({1 − [1 / (1 + r)t]} / r)

Let plug in the formula

Where,

C represent Investment offer =$6,200

R represent Required Return=7%

T =20 years

PVA = $6,200{[1 − (1 /( 1+.07*20 years)] / .07

PVA = $6,200{[1 − (1 / 1.07*20 years)] / .07}

PVA = $6,200{[1 − (1 / 2.14)] / .07}

PVA= $65,682.89

Therefore the value of the investment will be $65,682.89

3 0
3 years ago
Kamal reproduces Lorena’s copyrighted work "Musica" without paying royalties. Kamal is most likely excepted from liability for c
Usimov [2.4K]

Answer:

Option B                                      

Explanation:

In simple words, Fair use refers to the one of the patent protections designed to align the rights of copyright owners with that of the public's best interest in the broader dissemination and use of artistic works by enabling such restricted uses that would otherwise be deemed infringing complaints as a protection against copyright violation.

Thus, from the above we can conclude that the correct option is B .

5 0
3 years ago
Which NIMS Management Characteristic refers to personnel requested through appropriate authorities and established resource mana
sergey [27]

Answer:

A. Dispatch/ Deployment

Explanation:

NIMS refers to National Incident Management System that is basically created by the Federal Government in order to keep a regulated and national approach that is comprehensive for the incident management.

The Dispatch and Deployment characteristic provide that no resources shall be dispatched before the prior approval of management, and that the resources shall be deployed only when the management asks for such deployment.

This basically establishes the importance of authorities and personnel that is higher management.

7 0
3 years ago
With respect to engineering economics and the internal rate of return (IRR), Descartes’ rule of signs indicates there will be at
Alika [10]

Answer:

''there will be at most as many POSITIVE rates...''

Explanation:

The measure of investments' rate of return which excludes external factors such as inflation is known as Internal Rate of Return(IRR)

It is used in;

(1). Savings and loans.

(2). Liabilities

(3). Fixed incomes

(4). Private equity and capital management.

(5). Maximizing total present value and so on.

It can be calculate using the formula below:

NPV= C(n)/(1+r)^n = 0

That is internal rate of return can be use in solving NPV = 0.

Therefore, 'With respect to engineering economics and the internal rate of return (IRR), Descartes’ rule of signs indicates there will be at most as many POSITIVE rates of return as there are sign changes in the cash flow profile.''

4 0
3 years ago
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