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2 years ago

What is the difference between factor payments and profits

Business

1 answer:

Mariana [72]2 years ago

3 0

Answer:

here is some differences which is

Explanation:

Yet, just as we differentiate between daily use and the traditional sense of economic terms, a number of economists–and Econ textbooks–introduce a concept known as "economic profit." While the difference between the revenues of the companies and the costs of the factors they generate is natural, or accounting, income is the difference between the revenues of the company and the costs of those factors. Since it consists of the comparison of alternatives, economic benefit is seen as a reward for business— the making of economic decisions and taking of risks. Some go so far as to describe enterprise as a separate output factor,

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On November 1, 2021, Green Valley Farm entered into a contract to buy a $150,000 harvester from JohnDeere. The contract required

Sati [7]

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

Cash Dr, $150,000

To Unearned sales revenue $150,000

(Being receipt of cash in advance is recorded)

Therefore to record the inflow funds we debited cash and to record the liability/obligation to deliver such goods we credited unearned sales revenue.

6 0

2 years ago

Distribution strategies

serious [3.7K]

At the strategic level, there are three broad approaches to distribution, namely mass, selective and exclusive distribution. The number and type of intermediaries selected largely depends on the strategic approach. The overall distribution channel should add value to the consumer.

3 0

2 years ago

Holding all else constant, an increase in preferences by Mexicans for U.S. goods will ______ the demand for dollars in the forei

Finger [1]

Answer:

D. Increase; increase

Explanation:

Exchange rate is defined as the amount of one currency that can be exchanged for another currency at a particular time.

Demand and supply affects exchange rates of currencies.

Currencies that are in more demand tend to have higher exchange rates, while those with low demand will have low exchange rate.

In this instance an increase in preference for US goods will cause an increased demand for dollars. The dollar becomes stronger against the Peso.

It will take more pesos to purchase the dollar, so equillibrum exchange rate of peso to dollar will increase.

4 0

2 years ago

Lein's net income is $200,000 and its operating cash flows are $240,000. The company reports total assets of $1.6 million and $1

yarga [219]

Answer:

14.1%

Explanation:

Cash return on assets is the ratio of a company's operating cash flow to its average total assets. It shows how a company is generating cash flow from its assets and compares a company’s profitability with other companies.

Cash return on assets = operating cash flow / average total assets

Given that:

operating cash flows = $240,000

Average total assets = ($1.6 million + $1.8 million) / 2 = $1.7 million.

Therefore, Cash return on assets = $240000 / $1.7 million = 0.141 = 14.1%

6 0

2 years ago

Suppose that Hickory Manufacturing, Inc., a corporation headquartered in North Carolina, believes that it is entitled to a $24,7

iragen [17]

Answer: in a federal court, since the United States is a party to the litigation.

Explanation:

Based on the scenario in the question, in case Hickory Manufacturing elects to sue the United States in order to get back the $24700 federal tax refund which wasn't given to the company, it must be done in a federal court because the the IRS is a federal administrative agency and hence, the matter can't be pursued in the North Carolina state court.

Therefore, the correct option is A "in a federal court, since the United States is a party to the litigation".

6 0

2 years ago