That’s like the quarantine lol but just a bit higher
Answer:
c
Explanation:
Resources are means or factors used to produce goods and services that satisfy human wants.
Human wants and that of the society is unlimited but the resources available to satisfy these wants are limited. As a result, economic agents must make decisions based on the availability of resources.
Resources include :
Land are natural resources used to produce goods and services e.g. gold mine
Labor is the effort used by people in the production of goods and services.
Capital includes machinery and man made resources used in production e.g. hammer
An entrepreneur is a person who combines the other factors of production together
Answer:
Bob’s realized gain on the sale is $55,000,
Explanation:
The first step is to find the Book Value of the Rental Property Sold.
<u>Book Value of the Rental Property Sold.</u>
Cost $260,000
Less Accumulated Depreciation ($37,000)
Book Value $223,000
Gain or Loss on Sale = Selling Price - Cost of Sale (Book Value) - Other Selling Expenses
= $290,000 - $223,000 - $12,000
= $55,000
<u>Conclusion :</u>
Bob’s realized gain on the sale is $55,000,
Answer :
. a proposed firm's goals, strategy for achieving them, and standards for measuring success.
Explanation:
A business plan is a proposed firm's goals, strategy for achieving them, and standards for measuring success.
The business plan outlines how the firm will meet it set goals and objectives and the strategy it will use in achieving them. It must also include how the firm will measure it's success.
It is a written orderly statement of the firm's goals ,methods of achieving the set goals and how it will measure its achievement.
Business plan gives the organisation a sense of purpose.
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