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3 years ago

The market for factors of production connects spending by firms to household income.

Business

1 answer:

Semmy [17]3 years ago

5 0

The given statement " The market for factors of production connects spending by firms to household income " is TRUE

Explanation:

When goods and services markets were the only businesses open, corporations would ultimately have everything they wanted in a single business, consumers would have all the finished products and industry would end.

The word "factors of production" refers to everything a manufacturer uses to make a final product.

Types of production factors are labour (work was carried out by people), equipment (machinery for the processing of products), land and so on.

Job markets are the most widely contested type of a factor market, but it should be noted that output factors can take many forms.

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in an audit of inventories, an auditor would least likely verify that all inventory owned by the client is on hand at the time o

Kruka [31]

In an audit of inventories, an auditor would least likely verify that all inventory owned by the client is on hand at the time of the count.

An auditor no longer assumes all inventories to which the auditee has a name to be available a the date of the depend. A few bought goods may also still be in transit at that time. Additionally, some stock may be on consignment or in public warehouses through properly included in the county.

An audit is an "impartial exam of monetary statistics of any entity, whether or not profit oriented or now not, no matter its size or legal form whilst such an exam is performed so one can explicit an opinion thereon.”

An auditor is a person or a firm appointed with the aid of an employer to execute an audit. to act as an auditor, someone should be licensed by means of the regulatory authority of accounting and auditing or possess sure detailed qualifications.

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6 0

2 years ago

Lisa's opportunity cost rate is 10 percent compounded annually. how much must she deposit in an account today if she wants to re

Aleks04 [339]

Answer:

The answer would be, $21,760

Explanation:

The formula to be used is that of calculating the present value (PV) of the payment in the ordinary annuity (PMT). PMT are done annually, semi-annually, quarterly or monthly.

PV = PMT * ((1-(1/ (1+r) n))/r)

Where PV is the present value; PMT is the payment in an ordinary annuity; r is the opportunity cost rate; n is the number of years

in this case, PV= 3,200; r=10%, and n=12

To get PV, substitute the values given above and compute as shown below:

PV = 3,200*((1-(1/(1+0.10)12))/0.10)

PV= $21,760

With an opportunity cost of 10% compounded annually, Lisa will have to deposit $21,760 today if she wants to be receiving $3,200 at the end of each year for the next 12 years.

5 0

3 years ago

Assume that you would like to purchase 100 shares of preferred stock that pays an annual dividend of $6.00 per share. However, y

butalik [34]

Answer:

$267.1211

Explanation:

return on preference share per unit is $6 , thus at 12% annual rate of return. Initial value of preference shares will be $50 per unit ( $6 divided by 12%).

Total value of preference shares = $50 multiplied by 100 preference shares = $5000

Future value of preference shares = 5000 (1.12)^5 = $8,811.7084

to find the value of money to be deposited to be able to buy the preference shares at the end of 5 yrs.

we work back to get the present value using the mutual fund annual rate

$8811.7084 = pv (1.06)^60 the rate is compounded monthly. Hence we shall compound the return 60 times in 5 years

Bank account money = 8811.7084 divided by 32.9877 = $267.1211

5 0

3 years ago

The following selected transactions apply to Topeca Supply for November and December Year 1. November was the first month of ope

vitfil [10]

Answer:

Note: See attached excel file for the record of the effect of the given transactions in a horizontal statements model.

In the attached excel file, we have:

Assets = Liabilities + Stockholders' Equity = $152,155

Explanation:

In the attached excel file, we have:

Sales tax payable on sales for November Year 1 = $65,500 * 9% = $5,895

Sales tax payable on sales for December Year 1 = $79,500 * 9% = $7,155

Assets = $152,155

Liabilities + Stockholders' Equity = $7,155 + $145,000 = $152,155

Therefore, the accounting equation is proved as follows:

Assets = Liabilities + Stockholders' Equity = $152,155

Download xlsx

6 0

3 years ago

Which type of tax provides income for retired and disabled people and their families?

Tju [1.3M]

A. Social security tax

3 0

3 years ago

Read 2 more answers