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olya-2409 [2.1K]
3 years ago
7

A "specific" factor of production is: A) critical to the production of the good or service B) not transferable to other types of

production and can only be used for the product in question C) a set quantity for each unit produced D) the opposite of a general factor, meaning it must fit within certain narrow quality parameters.
Business
1 answer:
sukhopar [10]3 years ago
5 0

Answer:

B) not transferable to other types of production and can only be used for the product in question

Explanation:

Specific factor of production is a factor of production that is majorly specific and relevant to a particular industry for production, and as such cannot be transferred or moved to another industry. For example, skilled workers in sericulture are specifically trained to serve as a labor factor of production in agriculture or agro-based industry, and would be difficult to be relevant in an automobile industry. Such skilled workers are immobile between both industries.

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Suppose changes in autonomous consumption affect investment while changes in autonomous government spending do not. in this case
Charra [1.4K]
 in this case, identical changes in autonomous consumption and autonomous government spending: <span> have different effects on equilibrium income

When a factor is implemented and have two different reaction, it is safe to assume that that factor have two different effects.
For example, an increasing interest in technology(autonomous consumption) may increased the investment for tech products. The government spending may not give as much influence in this context because it wont affect the transaction between the customers and the producer
</span>
8 0
3 years ago
Truman Co. sells a large number of common household items, while Stapleton sells a small number of expensive items. The two comp
slava [35]

Answer:

Truman has a higher inventory turnover ratio and Stapleton has a higher gross profit ratio ( D )

Explanation:

Truman sell a large number of common household items ( assuming 100 unit )

while Stapleton sells a small number of expensive items ( assuming 20 units )

lets assume : Truman sells at $5 per unit and Stapleton sells at $50 per unit

with the above assumptions

Truman gross profit ratio = $5 * 100 units = $500

Stapleton gross profit ratio = $50 * 20 units = $1000

from the above assumptions you can deduce that the gross profit made by Stapleton is higher although he sells a smaller amount of goods while Truman has a higher Turnover because of its higher number of sold units

4 0
3 years ago
During 2017, Fanning Manufacturing Company incurred $64,400,000 of research and development (R&amp;D) costs to create a long-lif
Tpy6a [65]

Answer:

Since the question involves multiple steps, please refer to the explanation section for a point-wise answer

Explanation:

(a) Imagine a "stream" to mean the flow of the product from the inception of the idea to the sale of the final output. Therefore, upstream and downstream costs are those are those that club various segments of cost during the manufacturing & selling process on the basis of when the cost is incurred in this cycle. Up-stream costs include the costs incurred before the beginning of the manufacturing process. Therefore, product design, structuring of packaging, R&D are all considered upstream costs. Downstream costs are incurred during the production process and the subsequent sale and customer service expenses. In the context of the question, Upstream costs for Fanning Manufacturing would be R&D expenses. Downstream cost include Manufacturing costs, packaging, shipping, and sales commission.

(b) Cost of Goods Sold (COGS) would be the amount of units sold (i.e $407,000) multiplied by the manufacturing costs ($66). Therefore, COGS would be $26,862,000.

A total of 446,000 units were produced which means the inventory costs (units x manufacturing costs) would be $29,436,000. Out of this $26,862,000 were expensed out as COGS. Therefore, ending inventory balance would be the differential amount of $2,574,000.

(c) Fanning wants to earn a profit margin of 30% of the total cost of developing, making and distributing the batteries. Therefore the company wants a profit equivalent to 30% of all the costs incurred from R&D to sales commission. Total cost is COGS+Selling, Packaging, shipping, sales commission + R&D which is $94,518,000. 30% of this is $28,355,400. So, sales revenue should be this amount PLUS all the costs incurred which would be $122,873,400 (<em>this is assuming no other expenses like interest and taxes and other income).</em>

Sales per unit (or sales price) would therefore be $122,873,400/407,000 units sold = 301.9 ≅ $302 per unit

(d)

Sales                                                                 122,914,000.00  

Cost of Goods Sold                                         (26,862,000.00)

Gross Profit                                                        96,052,000.00  

Selling, General & Administrative Expenses  (3,256,000.00)  

Research & Development                                (64,400,000.00)

Operating Profit/Net Profit                                 28,396,000.00  

Note: <u>Again, this is assuming no other income and expenses. Since interest and tax expenses are assumed to be zero, operating income is equal to net income</u>

3 0
3 years ago
For fair housing purposes, what is the definition of the term disability?
alexgriva [62]
A handicap that limits a persons movement, senses, or activity. It puts them at a disadvantage compared to others and is recognized by the law.<span />
3 0
3 years ago
Powell Company began the Year 2 accounting period with $20,000 cash, $60,400 inventory, $48,600 common stock, and $31,800 retain
jekas [21]

Answer:

Explanation:

1

Dr Accounts Receivable  74600                    

   Cr Sales Revenue   74600                  

Dr Cost of Goods Sold   37900                    

    Cr  Inventory     37900                  

2

Dr Freight Out  310                    

   Cr Cash     310                  

3

Dr Sales Revenue   3880                    

   Cr Accounts Receivable   3880

Dr Inventory    1910                    

 Cr Cost of Goods Sold    1910                  

4

Dr Sales Revenue   1160                    

   Cr Accounts Receivable    1160                  

5

Dr Cash   53300                    

   Cr Accounts Receivable A/c   53300                  

3 0
3 years ago
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