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3 years ago

Describe the types of economic resources

Business

1 answer:

vivado [14]3 years ago

5 0

Answer:

There are generally three important types of economic resources: Natural Resources, Human Resources and Capital Resources, that contribute to the economy of the nation.

Explanation:

Economy of any nation is dependant on the resources that the nation exhibits. There are generally three important types of economic resources namely; Natural Resources, Human Resources and Capital Resources.

Natural Resources: These are naturally created resources that are available in any nation and also contributes to the economy of that particular nation. These resources cannot be created by man and are mostly available because of the geographic factors. Examples of these resources are Agriculture, Water resources, etc.
Human Resources: These are manpower that are available to contribute in the growth and development of economy of the nation. Human resources are considered an important asset of any nation. Without the availability of sufficient human resources, the other resources are useless.
Capital resources: These are the financial resources available with any nation that contributes in the development and growth of that particular economy. When wealth and money are used to create more wealth and money, these resources comes under the capital resources of the nation.

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A company is considering investing in a new machine that requires a cash payment of $47907 today. The machine will generate annu

swat32

Answer:

12%

Explanation:

Calculation for the internal rate of return if the company buys this machine

Using this formula

IRR = Initial investment/Annual Cash flow

Where,

Initial investment =$47,907

Annual Cash flow =$19,946

Let plug in the formula

IRR= $47,907/$19,946

=2.402

Using PV factor table = 2.402

IRR = 12%

Therefore internal rate of return if the company buys this machine will be 12%

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4 years ago

During the Great Depression there were a number of federal programs which brought electricity to people in rural areas of the Mi

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Answer: option A: More competition for jobs in those areas are witnessed when federal programs provided more electricity in rural areas of the Midwest and South.

Explanation:

In the time of the Great Depression, President Roosevelt has passed the Rural Electrification Act (REA) in 1935 as part of the New Deal execution amendment. Through the beneficial act of supplied quantity of electricity units, the rural areas of the Midwest and South got the fine chance to expand the production of goods and services which covered the expenses of the cost of production.

Agriculture is the primary occupation of those areas, the electricity supply helped them to produce more agricultural products and also it supported Agro-based industries. The installation process are initiated and all farmers got loan advances by the cooperative societies.

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3 years ago

A project organization:

Gelneren [198K]

Answer:

A. is effective for companies with multiple large projects.

Explanation:

A project organization is a structure that facilitates the coordination and implementation of project activities. Its main reason is to create an environment that fosters interactions among the team members with a minimum amount of disruptions, overlaps and conflict.

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4 years ago

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3 years ago

Marlow Company produces hand tools. A production budget for the next four months is as follows: March 10,300 units, April 13,300

madreJ [45]

Answer:

13,000 units

Explanation:

Given that,

Total production in April = 13,300 units

Total sales in May = 16,000 units

Ending finished goods inventory = 10% of the following month’s sales

Therefore, the number of units sold in April is determined by deducting ending finished goods inventory of April from the total production of units in April and beginning finished goods inventory.

Let the sales in April be x,

The beginning finished goods inventory of April is same as the ending inventory of March.

Ending finished goods inventory in March:

= 10% of sales in April

= 0.1 x

Ending finished goods inventory in April:

= 10% of sales in May

= 0.1 × 16,000 units

= 1,600 units

Therefore, the number of units in April is calculated as follows:

Ending inventory = Total production in April + Beginning inventory of April - Sales

1,600 units = 13,300 units + 0.1x - x

0.9x = 13,300 - 1,600

0.9x = 11,700

x = 13,000 units

Hence, the number of units sold in April is 13,000.

3 0

3 years ago

Describe the types of economic resources​

Describe the types of economic resources