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3 years ago

What is economics, and how are the three sectors of the economy linked?

Business

1 answer:

marysya [2.9K]3 years ago

3 0

Answer:

This is a part of my Economic Resources doc and I'm not sure about the second part of the question but I hope it helps!

Explanation:

ＥｃｏｎｏｍｉｃＲｅｓｏｕｒｃｅｓ

For a firm (producer) to make any product, it needs to use ECONOMIC RESOURCES. These are INPUTS to be used together or combined efficiently to produce goods/services.

Ｗｈａｔｙｏｕｎｅｅｄｔｏｋｎｏｗ：

What is a PRODUCER?

a person, franchise, brand or country etc. that makes, grows, or produces goods and services for sale to customers or consumers.

What is a RESOURCE?

a stock or supply of goods, materials, and products that can be bought by a person or organization in order to function effectively.

What is an ECONOMIC resource?

Natural supplies that can be used to make a product. It is important for the success of the company.

ＣｌａｓｓｉｆｉｃａｔｉｏｎｏｆＥｃｏｎｏｍｉｃＲｅｓｏｕｒｃｅｓ：

Natural resources (LAND)

Natural resources are ones who are not man made and are there naturally. This could be land, light, water, electricity, etc.

Human resources (LABOUR)

Capital resources (CAPITAL)

Entrepreneurship (ENTERPRISE)

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Suppose a manufacturing plant purchased a new heating system in December, 2015 and, after installing and testing the equipment,

garri49 [273]

Answer:

Depreciation for 6 months ending June 30, 2016 is $ 5,000 and the accounting entry to record the transaction is:

Depreciation Expense - Debit $ 5,000

Allowance for Depreciation - Credit $ 5,000

Explanation:

The depreciation charge for the year is calculated as follows:

Total cost of the equipment $ 55,000

Salvage Value $ 5,000

Net Depreciable value $ 50,000

Estimated Useful Life 5 years

Annual Depreciation expense(50000/5) $ 10,000

Depreciation for 6 months (10000/2) $ 5,000

8 0

3 years ago

Jamie, a salesperson, is discussing her goals with her coworker. She mentions that she has set an account goal of $30,000. In or

lora16 [44]

Jamie should first set a Sales Call goal.

Jamie, a salesperson, is discussing her goals with her coworker. She mentions that she has set an account goal of $30,000. In order to achieve her account goal, Jamie should first set a <u>Sales call goal</u>.

The purpose of sales call objectives is to set a foundation and create a roadmap to the promised land. In other words, the objective of Sales call is to set an objective and make a plan to obtain the same. As in Jamie's case, her account goal is of $30,000, In order to obtain this account goal she need to first set a Sales call in which she will need to build an initial level of trust with her target audience/ prospect.

While setting the Sales call, few things should be kept in mind as basic rules like building a good relationship with the customers so that they come back to the same salesperson, ask for their feedbacks, this will also help in enabling trust between the two parties etc.

To learn more about Sales call here

brainly.com/question/27907652

#SPJ4

8 0

1 year ago

Final Finishing is considering three mutually exclusive alternatives for a new polisher. Each alternative has an expected life o

valkas [14]

Answer:

1. 18.09%

2. 12%

3. 20.02%

Explanation:

As the MARR is 15%, we will accept projects which have IRR more than 15%. As the projects are mutually exclusive, we will choose only one project.

An IRR (Internal Rate of Return) is the rate which makes the NPV (Net Present Value) = ZERO.

The formula to calculate IRR is: 0 = P0 + P1/(1+IRR) + P2/(1+IRR)2 + P3/(1+IRR)3 + . . . +Pn/(1+IRR)n where P0 = Initial cash outflow

And P1, . . . Pn equals the cash inflows in periods 1, 2, . . . n, respectively.

1) IRR of project 1:

0 = -$20,000 + $4,465/(1+IRR)1 + $4,465/(1+IRR)2 + $4,465/(1+IRR)3 + . . . + $4,465/(1+IRR)10

Solving for IRR we have = 18.09%

2) IRR of project 2:

0 = -$10,000 + $1,770/(1+IRR)1 + $1,770/(1+IRR)2 + $1,770/(1+IRR)3 + . . . + $1,770/(1+IRR)10

Solving for IRR we have = 12%

3) IRR of project 3:

0 = -$15,000 + $3,580/(1+IRR)1 + $3,580/(1+IRR)2 + $3,580/(1+IRR)3 + . . . + $3,580/(1+IRR)10

Solving for IRR we have = 20.02%

We will choose project 3 as it has the highest IRR.

8 0

3 years ago

12345678901234567890000

Arlecino [84]

Answer:

12345678901234567890000

Explanation:

6 0

3 years ago

Why do we practice making associations with simple and mundane problems and resources? Select all that apply.

Artyom0805 [142]

Answer:

E. They are problems and resources that most people have experience with or can relate to.

Explanation:

Such problems and resources are most commonly found in day to day lives. People can easily relate to them as they are simple and common in the workplace.

They are associated with the resources of particular problems. This making them a subject of practice it becomes easy to use them for teaching and other purposes. Such as enlightenment and giving advice.

4 0

3 years ago