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3 years ago

Three examples of capital as a factor of production, and explain how it is different from land?

2 answers:

4 0

<span>Capital as a factor of production is defined as the tangible products made by labor.
</span>Land as a factor of production means not just the surface of the earth, but everything in the universe that wasn't created by people. This includes all natural resources, such as air, water, plants, sunlight, rocks, and minerals.
Examples:
1) Clothes ( because you have to be clothed)
2) Milk ( you immediately want to consume it)
3) Wine ( grapes go in wine comes out)
You don't need to use the parenthesis I just wanted to explain to help you understand.

Liono4ka [1.6K]3 years ago

4 0

Answer and Explanation.

Production is a process of a process of bringing the raw materials together, work on them to come up with finished goods as the final product in order to make profit or with an aim of getting profit.

A factor of production is anything that is incurred in production of goods and services to facilitate the its production in order to to make profit.

capital factor of production is the is the amount in cash that many producers use to produce goods and services. Examples are use of computers,trucks to deliver goods and services ,forklifts e.t.c. they include all man made resources.

The difference between capital and land factors of production is that capital includes all man made resources while land factor includes all human resources.

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Which of the following ratios appears on a common-size balance sheet? I. Debt to asset ratio II. Net working capital to total as

Mekhanik [1.2K]

Answer:

The answer is I, II

Explanation:

Common-size ratio is a way of expressing each line item of a financial statement as a percentage of a selected line item.

For income statement, each line item is expressed as a percentage of net sales or revenue.

For balance sheet, each line item is expressed as a percentage of total assets.

Both I and II are correct because they are expressed as a percentage of total assets and it is a balance sheet

III is wrong because net profit margin is expressed as a percentage of sales

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3 years ago

How else can nordstrom continue to provide exceptional customer service and increase brand loyalty?

leva [86]

Nordstrom will give client benefit as an approach to constructing the brand of an item and is the way for the client to maintain loyalty to Nordstrom. Alluding to marking, client benefit is frequently the last component and regularly the most ignored. This is a major oversight - and a major open door missed. Utilize client administration to fortify your image is a basic way, making organizations to end up plainly extraordinary, and increment mark dedication.

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3 years ago

Blue Sky Company’s 12/31 balance sheet reports assets of $65,893 and liabilities of $28,686. All of Blue Sky’s assets’ book valu

padilas [110]

Answer:

Goodwill is $ 50,166.00

Explanation:

Goodwill is the excess of purchase price consideration over the fair value of net assets of the business acquired.

Purchase price consideration is the proceeds received by the owners of the business acquired in a business combination arrangement like this.

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Purchase price consideration is $97,109

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Goodwill=$97,109-$46,943.00 =$ 50,166.00

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3 years ago

(Chapter Supplement) Under the gross method of recording sales discounts discussed in this chapter, is the amount of sales disco

UkoKoshka [18]

At the time of collection, if the amount is paid within the discount period, the following entry is recorded:

Cash (+A).......................xxx

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You use it to illustrate how a company's cash flow is distributed equally throughout the year rather than arriving in full at the end. We would use discount period numbers of 1 for the first year, 2 for the second year, 3 for the third year, and so on in a DCF without the mid-year convention.

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1 year ago

What are the implications of using criteria, such as baldrige, in assessing organizational culture needs? explain

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To know more about Baldrige criteria here:

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2 years ago