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Sati [7]
3 years ago
14

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

Business
2 answers:
Morgarella [4.7K]3 years ago
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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Marsha’s Pet Store employs six employees. Their duties are to sell pets, replenish the stock, keep the pets’ cages clean, feed t
Gemiola [76]

Answer: True.

Explanation:

People sometimes have a tendency of doing only what they are told to do or only what they are paid for. This is why most people who progress in a company do so on the basis of having done work that was not in their description, but would have helped the company progress.

It would appear that Marsha's 6 employees are all of the caliber of employees who just do what they are told and nothing more.

For this reason therefore, she would include a stipulation changing the scheme to include careful performance of the other duties before any sales commission can be earned. This way they'll start to do those other things since they are now paid to do so.

8 0
3 years ago
Information in the Financial Statements A financial statement is a summary of all the financial transactions that have occurred
4vir4ik [10]

<em>Here's the remaining part of the question</em><em>:</em>

<em>Please analyze and place each item in the appropriate financial statement to which it belongs;</em>

<em> Revenues, Long-term liabilities, Owner's equity, Insurance expense, Land, Patents, Costs of Goods Sold, Income tax, Advertising expense,  Insurance expense, Net change in cash, Accounts Receivable</em>

<u>Explanation</u>:

1. Balance Sheet: Note that this financial statement usually shows the asset and liabilities of the firm's account for a particular period of time. These items are found:

  • Owner's equity,
  • Patents,
  • Long-term liabilities
  • Accounts Receivable
  • Land

2. Income Statement: this financial statement is primarily focused on the revenues and expenses expenses of the firm. Items found includes;

  • Revenue,
  • Costs of Goods Sold,
  • Advertising expense,
  • Income tax,
  • Insurance expense,

3. Statement of cash flow

  • Net change in cash,

8 0
3 years ago
Masters Corp. issues two bonds with 20-year maturities. Both bonds are callable at $1,050. The first bond is issued at a deep di
I am Lyosha [343]

Answer:

Explanation:

a)

The YTM of the bond at par value is equals to its coupon rate, 8.75%. Other things being equal, this 4% coupon rate bond will be more eye-catching as the coupon rate is lower than the current market yields, and its price is far below the call price. So, if yields drop, capital gains on the bond will not be restricted by the call price.

b)

If an investor foresees that yields will fall considerably, the 4% bond proposes a better expected return.

c)

Implicit call protection is offered in the sense that any likely fall in yields would not be nearly enough to make the firm consider calling the bond. In this sense, the call feature is almost irrelevant

3 0
3 years ago
Patricia Hill Collins refers to race, class, gender, etc. as "interlocking structures of oppression." Implied in that statement
sergeinik [125]

Answer:

Patricia Hill Collins – Interlocking Structure of Oppression

Patricia Hill Collins is Charles Phelps Taft Professor of Sociology within and she is also a former Chair of the Department of African American Studies at the University of Cincinnati. Professor Patricia Collins received her B.A. and Ph.D. degrees in sociology from Brandeis University, and a degree in M.A.T. from Harvard University. She is a social theorist; her research and scholarship have dealt primarily with issues of gender, race, social class, sexuality and nation specifically relating to African American women. She has published number of articles in professional journals such as Sociological Theory, Ethnic and Racial Studies, Social Problems, Signs, and Black Scholar, as well as in various edited volumes.

In 1993 Patricia Collins wrote a wonderful piece discussing race, class, and gender as categories of analysis and connection in American society. This is very informative and let me take this liberty to summarize what I consider to be important things which we all should know about.

We live in a society which contains many kinds of people living around us. May times we all differ from each other. There are people are people around us from different backgrounds, race, caste, creed etc. With these different people, there are some people who are being oppressed for a long time in our society. These people are the victim of oppression. Due to this oppression and inequality, we have made a generalization that some people are victims and some are an oppressor. But this idea is somewhat flawed. For example, white skin women fight for the right to equality of women but little did they understand that white skin people have been oppressing black people for ages.

We live in a world where a group of people says about the oppression which they have faced at maximum. They talk about extreme oppression case of the people. People should know that these cases and concepts of oppression are full of contradictions and errors. In this world, If we look closely, we will come to know that there are only a few people who are pure victims of this oppression , otherwise, we all have oppressed other people at one point or another.

If we look closely to ourselves then, we’ll come to know that there is a piece of oppressor inside us. And this is the reason that world is having more oppressors and very less pure victims. We should look at our behavior while talking to other people, especially those who are in a minority so that we can take care of the piece of oppressor within us. In order to take care of this inequality, we need to understand new visions of what is oppression. When we’ll look at the terms closely, our ideas and vision can lead to short-term social changes and revolutions.

People talk about inequality and oppression most of the times, but they forget that sometimes, the oppressed people have many privileges based on their care, color, creed, gender etc. These things should be much more talked and taken care of. There are also some people who are oppressor according to some culture and oppressed according to another. Thus, we need some more info and a New vision to look into these flaws of the society. And it is seen many times that these institutions are interlocked.

The society we live in is a complex web of problematic relationship with the people living in it. There is a kind of cobwebs in the society these days. All people are having problems and personal issues living in the society. This is a part where inequality also plays a major role. We genuinely and sincerely need a new vision to fight this inequality.

Re-conceptualizing race, class, gender as a group for analysis

In order to Re-conceptualize this concept of oppressor and victim, we need to understand the fact that we all are oppressed and oppressor at some point in time. We must stop the additive analysis of oppression that is adding race, gender and class oppression will lead to a greater sum. And apart from that, we stand on the pillars of quantification of the oppression. We can’t deny the fact that there are people who are more oppressed than other and also the intensity may vary.

In order to establish new thinking in our society, we need to ask new questions to ourselves, see through the new vision and new perspective in the society. Our task is redefined in order to remove any kind of oppression and inequality in the society.

Explanation:

4 0
3 years ago
Sales in North Corporation increased from $80,000 per year to $84,000 per year while net operating income increased from $30,000
igor_vitrenko [27]

Answer:

4 times

Explanation:

Given that,

Initial sales = $80,000

New sales = $84,000

Initial net operating income = $30,000

New net operating income = $36,000

The degree of operating leverage is determined by dividing the percentage change in net operating income by the percentage change in the sales.

Percentage change in net operating income:

= [(New net operating income - Initial net operating income) ÷ Initial net operating income] × 100

= [($36,000 - $30,000) ÷ $30,000] × 100

= ($6,000 ÷ $30,000) × 100

= 0.2 × 100

= 20%

Percentage change in sales:

= [(New sales - Initial sales) ÷ Initial sales] × 100

= [($84,000 - $80,000) ÷ $80,000] × 100

= ($4,000 ÷ $80,000) × 100

= 0.05 × 100

= 5%

Degree of operating leverage:

= Percentage change in net operating income ÷ Percentage change in sales

= 20 ÷ 5

= 4 times

3 0
3 years ago
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