When a store hires a new worker the Factor market is involved, because production factors are traded.
What is Factor market?
Economists refer to all of the resources that firms utilize to buy, rent, or hire the equipment they use to generate goods or services as the "factor market." The factors of production—raw materials, land, labor, and capital—are what are required to meet these needs. The input market is another name for the factor market.
Businesses invest in resources to manufacture goods and services on a factor market. People travel to product markets, also known as goods and services markets, to buy finished goods.
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Answer: A. fair value of the note
Explanation: To calculate the interest you need to know the amount of the principal, the interest rate to be paid and the period of time that the operation will last.
On the other hand, the fair value is the amount for which an asset can be exchanged or a liability canceled, in the case of the note, it can only be canceled for the principal amount, so we can do without it when calculating the interest rate.
Answer:
Debit to interest expense for $4400
Explanation:
Based on the information given we were told that the FIRST PAYMENT consists of INTEREST of the amount of $4,400 which means that The Appropriate journal entry Hawthorne would record to make the FIRST ANNUAL PAYMENT due on the note would include a DEBIT TO INTEREST EXPENSE FOR $4400.
Debit to interest expense for $4400
Answer:
The answer is A.
Explanation:
The formula for calculating the break-even point is
If we use this formula and the given numbers in the example, we can say that the break-even in monthly unit sales is = which gives the result as $2.500.
I hope this answer helps.