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2 years ago

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

Business

1 answer:

marysya [2.9K]2 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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WHAT IS OPERANT CONDITIONG

finlep [7]

Operant conditioning is a type of associative learning process through which the strength of a behavior is modified by reinforcement or punishment. It is also a procedure that is used to bring about such learning.

4 0

3 years ago

Read 2 more answers

Tiger Trade has the following cash transactions for the period.

Valentin [98]

Answer:

1. Ending balance of cash is $31400

Explanation:

1.

Balance of cash at the beginning of the period is $4,300

+Cash received from sale of products to customers $ 36,500

+Cash received from the bank for long-term loan 41,500

-Cash paid to purchase factory equipment (46,500 )

-Cash paid to merchandise suppliers (11,300 )

+Cash received from the sale of an unused warehouse 12,300

-Cash paid to workers (23,300 )

-Cash paid for advertisement (3,300 )

+Cash received for sale of services to customers 26,500

-Cash paid for dividends to stockholders (5,300 )

Balance of cash at the beginning of the period is $31,400

2.

Cash Flow Statement

Cash flow from Operating Activities

Cash received from sale of products to customers $ 36,500

Cash received for sale of services to customers 26,500

Cash paid to merchandise suppliers (11,300 )

Cash paid to workers (23,300 )

Cash paid for advertisement (3,300 )

Total Cash Inflow / outflow from Operating Activity 25,100

Cash flow from Investing Activities

Cash paid to purchase factory equipment (46,500 )

Cash received from the sale of an unused warehouse 12,300

Cash paid for dividends to stockholders (5,300 )

Total Cash Inflow / outflow from Investing Activity (39,500 )

Cash flow from Financing Activities

Cash received from the bank for long-term loan 41,500

Total Cash Inflow / outflow from Financing Activity 41,500

Net cash Inflow / Outflow 27,100

Balance of cash at the beginning of the period is 4,300

Balance of cash at the beginning of the period is 31,400

8 0

3 years ago

BG, Inc. reported the following information related to their manufacturing costs: Direct Labor $200,000; Direct Materials $ 150,

bagirrra123 [75]

Answer:

$450,000

Explanation:

Given that,

Direct Labor = $200,000;

Direct Materials = $150,000;

Manufacturing Overhead Costs = $250,000

Therefore, the total amount of conversion cost is the sum total of direct labor cost and manufacturing overhead cost.

Total amount of BG, Inc's conversion costs:

= Direct Labor cost + Manufacturing Overhead Costs

= $200,000 + $250,000

= $450,000

8 0

3 years ago

What is the amount of money you still owe to their credit card company called

aleksandr82 [10.1K]

Hello there.

What is the amount of money you still owe to their credit card company called

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3 years ago

Brewster's is considering a project with a life of 5 years and an initial cost of $120,000. The discount rate for the project is

PSYCHO15rus [73]

Answer:

Net present value 27.792‬

Explanation:

Sales 2.100 units x 20 net cash flow = $ 42,000 cash flow per year

Present value of the first three years:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 42,000

time 3 years

discount rate: 0.12

$42000 \times \frac{1-(1+0.12)^{-3} }{0.12} = PV\\$

PV $100,876.9133

For year 4 and 5 we need to check for the expected cashflow

We will multiply each outcome by their probability:

1,400 units x $20 per unit x 0.5 chance = 14,000

2,500 units x $20 per unit x 0.5 chance = 25,000

expected return: 39,000

present value of these years:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $39,000.0000

time 4 end of year 4th

rate 0.12

$\frac{39000}{(1 + 0.12)^{4} } = PV$

PV 24,785.21

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $39,000.0000

time 5 end of year 5th

rate 0.12

$\frac{39000}{(1 + 0.12)^{5} } = PV$

PV 22,129.65

Net present value will be the present value of the cash flow less the investment.

100,877 + 24,785 + 22,130 - 120,000 = 27.792‬

7 0

3 years ago