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harkovskaia [24]
3 years ago
7

Which of the following is not a factor of production?

Business
2 answers:
kumpel [21]3 years ago
6 0
<span>Money, political resources, and infrastructure are not considered economic factors of production.

</span>
just olya [345]3 years ago
6 0

Answer

The correct answer is option B.

Goods and services.

Explanation

Neoclassical view of the economics suggests four factors of the productions which serve as inputs to carry out production Goods and services on the other hand are the end products that are derived from the process of production.

Further Explanation

The four factors of production are:

Land – The land as a factor of production refers to the commercial significance of land to support an economic activity. The land as a resource can be used by the farmers to conduct agricultural practices or it can be consumed to derive natural resources like oil and gold.

Labor – Labor refers to the effort made in order to carry on the production activity. The skilled manpower is necessary to fruitfully ensure the process of production in producing the goods and services.

Capital – Capital as a factor of production refers to the assets such as knowledge, tools, machinery etc. which factors the process of production to produce further goods and services.

Entrepreneurship – This factor of the production combines with all other factors of the production to ensure the production of goods and services.

Learn More

Learn  more about the market value of the goods and services : brainly.com/question/6278309 ; Answered by Likableadvisers

Learn more about the : brainly.com/question/7421468 ; Answered by Kendra241

Keywords

Factors of production, the four factors of production, goods and service as factor of production.

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Ksivusya [100]

Answer:

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7 0
3 years ago
Patrick Inc. sells industrial solvents in 5-gallon drums. Patrick expects the following units to be sold in the first three mont
rewona [7]

Answer:

The sales budget is prepared below. See table below.

Explanation:

<em>A sales budget shows the expected revenue and units to be sold for a forth coming accounting period. The sales budget for Patrick Inc would look as follows:</em>

Sales budget

Month        Units                 Revenue($)

January      41,000                1,435,000

February      38,000             1,330,000

March          50,000              1<u>,750,000</u>

                                               <u>4,515,000</u>

Note the revenue per month is determined by multiplying the unit to be sold by the price per unit of $35

6 0
3 years ago
On the _________________________date, the dividend to be paid is recorded as a _______________________, and retained earnings ar
umka21 [38]

Answer: The answers are DECLARATION; LIABILITY; REDUCED; HOLDER-OF-RECORD DATE

Explanation: Dividend is a sum of money aid regularly by a company to its owners. A Stockholder listed as an owner on the holder-of- record date is entitled to dividend when declared.

When a dividend is declared, it is stated as a liability as it becomes a debt to the organisation. This dividend payable is taken from the retained earnings of the organisation.

7 0
3 years ago
Suppose the benefit of owning a painting, in terms of your personal enjoyment, is worth 5% of the value of the painting. If the
Julli [10]

Answer:

7%

Explanation:

It would grow by 7% each year which is the rate of return on stocks

4 0
3 years ago
Bargain Central Furniture, Inc., completed the following treasury stock transactions:
Genrish500 [490]

Answer:

Bargain Central Furniture, Inc.

R1) Journal entries:

a) Debit Treasury Stock with $1,300

Debit Additional Paid-in Capital with $6,500

Credit Cash Account with $7,800

To record purchase of 1,300 shares of common stock, $1 par at $6 per share.

b) Debit Cash Account with $6,300

Credit Treasury Stock with $700

Credit Additional Paid-in Capital with $5,600

To record resale of 700 shares for $9 per share.

R2) Bargain Central Furniture, Inc.

Balance Sheet as at December 31, 2010:

Treasury Stock $600 ($1,300 - $700)

Explanation:

Treasury Stock is a contra account to the Common Stock.  It represents the shares of common stock repurchased.  Two methods are prevalent in reporting transactions in treasury stock.  They are the the cost method, which reports all treasury stock transactions in the Treasury Stock account.

The other method is the par value method.  This method reports only the par value transactions of treasury stock in the Treasury Stock account.  The above or below par value aspects of each transaction is then taken to the Additional Paid-in Capital account.

8 0
3 years ago
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